Release Date: July 15, 2008
For immediate release
The Federal Reserve Board has approved amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve's check processing operations in the First and Third Districts.
Appendix A provides a routing number guide that helps depository institutions determine the maximum permissible hold periods for most deposited checks. As of September 20, 2008, the Windsor Locks office of the Federal Reserve Bank of Boston no longer will process checks, and banks currently served by that office will be reassigned to the head office of the Federal Reserve Bank of Philadelphia. To ensure that the information in Appendix A accurately describes the structure of check processing operations within the Federal Reserve System, the final rule deletes the reference in Appendix A to the Windsor Locks office of the Federal Reserve Bank of Boston and reassigns the routing numbers listed thereunder to the Federal Reserve Bank of Philadelphia. To coincide with the effective date of the underlying check processing changes, the amendments are effective September 20, 2008. As a result of these changes, some checks deposited in the affected regions that currently are nonlocal checks will become local checks that are subject to shorter permissible hold periods.
The Board's notice is attached.