BOARD OF GOVERNORS
DIVISION OF CONSUMER
October 28, 2004
TO THE OFFICERS AND MANAGERS IN CHARGE OF CONSUMER AFFAIRS SECTIONS:
SUBJECT: Check Clearing for the 21 st Century (Check 21) Act: Compliance Information For Examiners and Industry InfoBase and Examination Procedures
This letter transmits copies of the FFIEC Check Clearing for the 21 st Century (Check 21) Act: Compliance Information For Examiners and Industry InfoBase CD-ROM and revised Regulation CC examination procedures (160 KB PDF) , which have been approved for the Federal Reserve System's use. The Check 21 Compliance Information For Examiners and Industry InfoBase; including training presentations, FAQs, the examination procedures, a glossary, and links to additional resources; is available on the FFIEC's web site at http://www.ffiec.gov. In addition, as this site utilizes Macromedia Flash in the training modules, it is also available within the Board of Governor's firewall from C&CA's Policy, Guidance, Reference Fedweb page . The revised examination procedures reflect amendments made to Regulation CC to implement the Check 21 Act, including new definitions and a new subpart D. Examiners should use the new examination procedures on examinations commencing on or after November 1, 2004 .
Questions on the Check 21 InfoBase and the revised examination procedures should be referred to the Oversight Review Examiner assigned to your district.