For immediate release

The Federal Reserve Board on Friday announced amendments to Appendix A of Regulation CC, effective June 26, 2004, that reflect the restructuring of the Federal Reserve's check processing operations in the Fourth and Fifth Districts. These amendments are part of a series of amendments to Appendix A that will take place through the end of 2004, associated with the previously-announced restructuring of the Reserve Banks' check processing operations.

Appendix A provides a routing number guide that helps depository institutions determine the maximum permissible hold periods for most deposited checks. As of June 26, 2004, the Charleston office of the Federal Reserve Bank of Richmond no longer will process checks, and banks currently served by that office for check processing purposes will be reassigned to the Cincinnati office of the Federal Reserve Bank of Cleveland. To reflect this operational change, the final rule deletes the reference in Appendix A to the Charleston office and reassigns the routing numbers listed thereunder to the Cleveland Reserve Bank's Cincinnati office. As a result of this change, 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.

Attachment (17 KB PDF)

2004 Banking and consumer regulatory policy