Federal Register / Vol. 69, No. 187 / Tuesday, September 28, 2004 / Rules and Regulations 57837

1For purposes of Regulation CC, the term ‘‘bank’’

refers to any depository institution, including 

commercial banks, savings institutions, and credit 

unions.

2See 68 FR 31592, May 28, 2003. In addition to 

the general advance notice of future amendments 

previously provided by the Board, as well as the 

Board’s notices of each of the final amendments, the 

Reserve Banks generally inform affected depository 

institutions of the exact date of each office 

transition at least 120 days in advance. The Reserve 

Banks’ communications to affected depository 

institutions are available at www.frbservices.org.

3Section 229.18(e) of Regulation CC requires that 

banks notify account holders who are consumers 

within 30 days after implementing a change that 

improves the availability of funds.

4The Reserve Banks’ press release concerning the 

upcoming restructuring process is available at

http://www.frbservices.org/Retail/pdf/

CheckAnnouncePressRelease8–2–04.pdf.

FEDERAL RESERVE SYSTEM

12 CFR Part 229 

[Regulation CC; Docket No. R–1212] 

Availability of Funds and Collection of 

Checks

AGENCY: Board of Governors of the 

Federal Reserve System.

ACTION: Final rule; technical 

amendment. 

SUMMARY: The Board of Governors is 

amending appendix A of Regulation CC 

to delete the reference to the 

Indianapolis check processing office of 

the Federal Reserve Bank of Chicago 

and reassign the Federal Reserve routing 

symbols currently listed under that 

office to the Cincinnati branch of the 

Federal Reserve Bank of Cleveland. This 

amendment is the last in a series of 

amendments to the appendix associated 

with the restructuring of check 

processing operations that the Reserve 

Banks announced in February 2003. The 

Board also is providing advance notice 

about a series of future amendments to 

appendix A in connection with the next 

phase of the Reserve Banks’

restructuring of the check processing 

operations within the Federal Reserve 

System. This future restructuring and 

the associated amendments to appendix 

A will take effect on a staggered basis 

beginning in 2005 and ending in early 

2006.

DATES: The final rule will become 

effective on October 30, 2004.

FOR FURTHER INFORMATION CONTACT: Jack 

K. Walton II, Assistant Director (202/

452–2660), or Joseph P. Baressi, Senior 

Financial Services Analyst (202/452–

3959), Division of Reserve Bank 

Operations and Payment Systems; or 

Adrianne G. Threatt, Counsel (202/452–

3554), Legal Division. For users of 

Telecommunications Devices for the 

Deaf (TDD) only, contact 202/263–4869.

SUPPLEMENTARY INFORMATION: 

Background 

Regulation CC establishes the 

maximum period a depositary bank may 

wait between receiving a deposit and 

making the deposited funds available 

for withdrawal.1 A depositary bank 

generally must provide faster 

availability for funds deposited by a 

‘‘local check’’ than by a ‘‘nonlocal 

check.’’ A check drawn on a bank is 

considered local if it is payable by or at 

a bank located in the same Federal 

Reserve check processing region as the 

depositary bank. A check drawn on a 

nonbank is considered local if it is 

payable through a bank located in the 

same Federal Reserve check processing 

region as the depositary bank. Checks 

that do not meet the requirements for 

‘‘local’’ checks are considered 

‘‘nonlocal.’’

Appendix A to Regulation CC 

contains a routing number guide that 

assists banks in identifying local and 

nonlocal banks and thereby determining 

the maximum permissible hold periods 

for most deposited checks. The 

appendix includes a list of each Federal 

Reserve check processing office and the 

first four digits of the routing number, 

known as the Federal Reserve routing 

symbol, of each bank that is served by 

that office for check processing 

purposes. Banks whose Federal Reserve 

routing symbols are grouped under the 

same office are in the same check 

processing region and thus are local to 

one another. 

Final Amendment to Appendix A 

As explained in detail in the Board’s 

final rule published in the Federal 

Register on May 28, 2003, the Federal 

Reserve Banks decided in early 2003 to 

reduce the number of locations at which 

they process checks.2 As part of this 

restructuring process, effective October 

30, 2004, the Indianapolis office of the 

Federal Reserve Bank of Chicago will 

cease processing checks and banks with 

routing symbols currently assigned to 

that office for check processing 

purposes will be reassigned to the 

Cincinnati branch of the Federal 

Reserve Bank of Cleveland. This is the 

last stage of the restructuring process 

announced in 2003. Some checks that 

are drawn on and deposited at banks 

located in the affected check processing 

regions and that currently are nonlocal 

checks will become local checks subject 

to faster availability schedules. Because 

the Cincinnati check processing region 

serves banks located in multiple Federal 

Reserve districts, banks located in the 

expanded Cincinnati check processing 

region cannot determine that a check is 

nonlocal solely because the paying bank 

for that check is located in another 

Federal Reserve district.

To assist banks in identifying local 

and nonlocal checks and making funds 

availability decisions, the Board is 

amending the lists of routing symbols 

associated with the Federal Reserve 

Banks of Cleveland and Chicago to 

reflect the transfer of operations from 

the Chicago Reserve Bank’s Indianapolis 

office to the Cleveland Reserve Bank’s 

Cincinnati branch. To coincide with the 

effective date of the underlying check 

processing changes, the amendments are 

effective October 30, 2004. The Board is 

providing advance notice of these 

amendments to give affected banks 

ample time to make any needed 

processing changes. The advance notice 

will also enable affected banks to amend 

their availability schedules and related 

disclosures, if necessary, and provide 

their customers with notice of these 

changes.3 The Federal Reserve routing 

symbols assigned to all other Federal 

Reserve branches and offices will 

remain the same at this time.

Information About Future Changes to 

Appendix A 

As the Federal Reserve Banks 

announced on August 2, 2004,4 in 

response to the continued nationwide 

decline in check usage and to position 

themselves more effectively to meet the 

cost recovery requirements of the 

Monetary Control Act of 1980, the 

Reserve Banks have decided to reduce 

further the number of locations at which 

they process checks. The Reserve Banks 

plan to stop processing checks at nine 

offices, and the checks currently 

processed at those offices will be 

processed at other nearby offices, as 

follows:

Branches

and offices that no 

longer will process 

checks: 

Branches and offices to which

check processing

will be transferred: 

Boston, MA .................... Windsor Locks, 

CT. 

Columbus, OH ............... Cleveland, OH. 

Birmingham, AL ............. Atlanta, GA. 

Nashville, TN .................. Atlanta, GA. 

Detroit, MI ...................... Cleveland, OH. 

Oklahoma City, OK ........ Dallas, TX. 

Houston, TX ................... Dallas, TX. 

Portland, OR .................. Seattle, WA. 

Salt Lake City, UT .......... Denver, CO. 

The restructuring of Reserve Bank 

check processing operations will take 

place in several stages over the course 

of 2005 and early 2006 and collectively 

will reduce the number of check 

57838 Federal Register / Vol. 69, No. 187 / Tuesday, September 28, 2004 / Rules and Regulations 

processing regions from 32 to 23. The 

Board will amend appendix A in 

connection with each stage of the 

restructuring to delete the name of the 

office(s) that will no longer process 

checks and transfer the affected Federal 

Reserve routing symbols to another 

check processing office. The Board 

intends to announce each stage of the 

restructuring and the associated 

amendments to appendix A at least 60 

days prior to the effective date of the 

amendment in order to give affected 

banks ample time to make processing 

changes and, if necessary, amend their 

availability schedules and related 

disclosures and provide their customers 

with notice of any changes to their 

availability schedules. 

Some affected banks might prefer to 

make or to plan for some or all of their 

processing and availability changes 

prior to the effective dates of the 

relevant amendments. For the 

information and planning needs of 

affected banks, the Board today is 

describing below the Federal Reserve 

routing symbol changes to appendix A 

that will be made between January 1, 

2005, and early 2006. 

1. Windsor Locks 

The operations of the Boston head 

office will be transferred such that 

banks with the following Federal 

Reserve routing symbols will be local to 

the Windsor Locks office:

0110 2110 

0111 2111 

0112 2112 

0113 2113 

0114 2114 

0115 2115 

0116 2116 

0117 2117 

0118 2118 

0119 2119 

0211 2211 

2. Cleveland 

The operations of the Columbus office 

and the Detroit branch will be 

transferred such that banks with the 

following Federal Reserve routing 

symbols will be local to the Cleveland 

head office:

0410 2410 

0412 2412 

0430 2430 

0432 2432 

0433 2433 

0434 2434 

0440 2440 

0441 2441 

0442 2442 

0720 2720 

0724 2724 

3. Atlanta 

The operations of the Birmingham 

and Nashville branches will be 

transferred such that banks with the 

following Federal Reserve routing 

symbols will be local to the Atlanta 

head office:

0610 2610 

0611 2611 

0612 2612 

0613 2613 

0620 2620 

0621 2621 

0622 2622 

0640 2640 

0641 2641 

0642 2642 

4. Denver 

The operations of the Salt Lake City 

branch will be transferred such that 

banks with the following Federal 

Reserve routing symbols will be local to 

the Denver branch:

1020 3020 

1021 3021 

1022 3022 

1023 3023 

1070 3070 

1240 3240 

1241 3241 

1242 3242 

1243 3243 

5. Dallas 

The operations of the Oklahoma City 

and Houston branches will be 

transferred such that banks with the 

following Federal Reserve routing 

symbols will be local to the Dallas head 

office:

1030 3030 

1031 3031 

1039 3039 

1110 3110 

1111 3111 

1113 3113 

1119 3119 

1120 3120 

1122 3122 

1123 3123 

1130 3130 

1131 3131 

1140 3140 

1149 3149 

1163 3163 

6. Seattle

The operations of the Portland branch 

will be transferred such that banks with 

the following Federal Reserve routing 

symbols will be local to the Seattle 

branch:

1230 3230 

1231 3231 

1232 3232 

1233 3233 

1250 3250 

1251 3251 

1252 3252

The Federal Reserve routing symbols 

assigned to all other Federal Reserve 

branches and offices will remain the 

same. 

Administrative Procedure Act 

The Board has not followed the 

provisions of 5 U.S.C. 553(b) relating to 

notice and public participation in 

connection with the adoption of the 

final rule. The revisions to the appendix 

are technical in nature and are required 

by the statutory and regulatory 

definitions of ‘‘check-processing 

region.’’ Thus, the Board has 

determined that the section 553(b) 

notice and comment procedures are 

unnecessary. 

Regulatory Flexibility Act Certification 

Pursuant to section 605(b) of the 

Regulatory Flexibility Act (5 U.S.C. 

605(b)), the Board certifies that the final 

rule will not have a significantly 

adverse economic impact on a 

substantial number of small entities. 

These amendments are technical, and 

the routing number changes are required 

by law. Moreover, these amendments 

apply to all banks regardless of their 

size. Many small banks generally 

provide next-day availability for all 

checks and will not be affected by this 

amendment. For the subset of small 

banks that does distinguish between 

checks subject to next-day availability 

and those subject to longer holds, the 

final rule should necessitate only 

minimal programming changes. Some of 

these affected banks might also have to 

modify their funds availability 

disclosures and notify both new and 

existing customers of the modified 

funds availability schedules. 

Paperwork Reduction Act 

In accordance with the Paperwork 

Reduction Act of 1995 (44 U.S.C. 3506; 

5 CFR 1320 Appendix A.1), the Board 

has reviewed the final rule under 

authority delegated to the Board by the 

Office of Management and Budget. This 

technical amendment to appendix A of 

Regulation CC will delete the reference 

to the Indianapolis office of the Federal 

Reserve Bank of Chicago and reassign 

the routing symbols listed under that 

office to the Cincinnati office of the 

Federal Reserve Bank of Cleveland. The 

depository institutions that are located 

in the affected check processing regions 

and that include the routing numbers in 

their disclosure statements would be 

required to notify customers of the 

resulting change in availability under 

§ 229.18(e). However, all paperwork 

collection procedures associated with 

Federal Register / Vol. 69, No. 187 / Tuesday, September 28, 2004 / Rules and Regulations 57839

Regulation CC already are in place, and 

the Board accordingly anticipates that 

no additional burden will be imposed as 

a result of this rulemaking. 

12 CFR Chapter II

List of Subjects in 12 CFR Part 229 

Banks, Banking, Reporting and 

recordkeeping requirements.

Authority and Issuance

■ For the reasons set forth in the 

preamble, the Board is amending 12 CFR 

part 229 to read as follows:

PART 229 AVAILABILITY OF FUNDS 

AND COLLECTION OF CHECKS 

(REGULATION CC)

■ 1. The authority citation for part 229 

continues to read as follows:

Authority: 12 U.S.C. 4001–4010, 12 U.S.C. 

5001–5018.

■ 2. The Fourth and Seventh Federal 

Reserve District routing symbol lists in 

appendix A are revised to read as 

follows: 

Appendix A to Part 229—Routing 

Number Guide to Next-Day Availability 

Checks and Local Checks

* * * * *

Fourth Federal Reserve District 

[Federal Reserve Bank of Cleveland] 

Head Office 

0410 2410 

0412 2412 

0430 2430 

0432 2432 

0433 2433 

0434 2434 

Cincinnati Branch 

0420 2420 

0421 2421

0422 2422

0423 2423 

0515 2515 

0519 2519 

0740 2740 

0749 2749 

0813 2813 

0830 2830 

0839 2837 

0863 2863 

Columbus Office 

0440 2440 

0441 2441 

0442 2442

* * * * *

Seventh Federal Reserve District 

[Federal Reserve Bank of Chicago] 

Head Office 

0710 2710 

0711 2711 

0712 2712 

0719 2719 

0750 2750 

0759 2759 

Detroit Branch 

0720 2720 

0724 2724 

Des Moines Office 

0730 2730 

0739 2739 

1040 3040 

1041 3041 

1049 3049

* * * * *

By order of the Board of Governors of the 

Federal Reserve System, acting through the 

Secretary of the Board under delegated 

authority, September 22, 2004. 

Jennifer J. Johnson, 

Secretary of the Board.

[FR Doc. 04–21632 Filed 9–27–04; 8:45 am] 

BILLING CODE 6210–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration 

14 CFR Part 71

[Docket No. FAA–2004–18820; Airspace 

Docket No. 04–ACE–46] 

Modification of Class E Airspace; 

Kennett, MO

AGENCY: Federal Aviation 

Administration (FAA), DOT.

ACTION: Direct final rule; request for 

comments. 

SUMMARY: This action modifies Class E 

airspace at Kennett, MO. A review of 

controlled airspace for Kennett 

Memorial Airport revealed it does not 

comply with the criteria for 700 feet 

above ground level (AGL) airspace 

required for diverse departures. The 

review also identified discrepancies in 

the legal description for the Kennett, 

MO Class E airspace area. The area is 

modified and enlarged to conform to the 

criteria in FAA Orders.

DATES: This direct final rule is effective 

on 0901 UTC, January 20, 2005. 

Comments for inclusion in the Rules 

Docket must be received on or before 

October 28, 2004.

ADDRESSES: Send comments on this 

proposal to the Docket Management 

System, U.S. Department of 

Transportation, Room Plaza 401, 400 

Seventh Street, SW., Washington, DC 

20590–0001. You must identify the 

docket number FAA–2004–18820/

Airspace Docket No. 04–ACE–46, at the 

beginning of your comments. You may 

also submit comments on the Internet at 

http://dms.dot.gov. You may review the 

public docket containing the proposal, 

any comments received, and any final 

disposition in person in the Dockets 

Office between 9 a.m. and 5 p.m., 

Monday through Friday, except Federal 

holidays. The Docket Office (telephone 

1–800–647–5527) is on the plaza level 

of the Department of Transportation 

NASSIF Building at the above address.

FOR FURTHER INFORMATION CONTACT:

Brenda Mumper, Air Traffic Division, 

Airspace Branch, ACE–520A, DOT 

Regional Headquarters Building, Federal 

Aviation Administration, 901 Locust, 

Kansas City, MO 64106; telephone: 

(816) 329–2524.

SUPPLEMENTARY INFORMATION: This 

amendment to 14 CFR 71 modifies the 

Class E airspace area extending upward 

from 700 feet above the surface at 

Kennett, MO. An examination of 

controlled airspace for Kennett 

Memorial Airport revealed it does not 

meet the criteria for 700 feet AGL 

airspace required for diverse departures 

as specified in FAA Order 7400.2E, 

Procedures for Handling Airspace 

Matters. The criteria in FAA Order 

7400.2E for an aircraft to reach 1200 feet 

AGL is based on a standard climb 

gradient of 200 feet per mile plus the 

distance from the airport reference point 

(ARP) to the end of the outermost 

runway. Any fractional part of a mile is 

converted to the next higher tenth of a 

mile. Additionally, the examination 

revealed the dimensions of the 

extension to the airspace areas were not 

in compliance with FAA Order 

8260.19C, Flight Procedures and 

Airspace, and the bearing from the 

Kennett NDB used to define the 

extension to the airspace area was 

incorrect. The examination also 

identified discrepancies in the Kennett 

Memorial Airport ARP and the location 

of the Kennett nondirectional radio 

beacon (NDB) used in the Class E 

airspace legal description. This 

amendment expands the airspace area 

from a 6-mile radius to a 6.4-mile radius 

of Kennett Memorial Airport, redefines 

the extension to the Class E airspace 

area in terms of the 000° bearing from 

the Kennett NDB vs. the current 360°

bearing, decreases the length of the 

extension from 7.4 miles to 7 miles, 

decreases the width of the extension 

from 2.6 miles each side of the 

centerline to 2.5 miles, corrects the ARP 

and location of the NDB in the legal 

description and brings the legal 

description of the Kennett, MO Class E 

airspace area into compliance with FAA 

Orders 7400.2E and 8260.19C. This area 

will be depicted on appropriate 

aeronautical charts. Class E airspace 

areas extending upward from 700 feet or 

more above the surface of the earth are