More Changes to Federal Reserve Board Regulation CC – Funds Availability By: Fran Sponsler, CRCM Date: 11/05/09 Earlier we informed you of several changes made to the routing number guide for those Banks located within the Tenth, Eleventh, and Twelfth Federal Reserve Districts.  These changes went into effect on June 27, 2009. Effective October 17, 2009 and November 14, 2009, the Board of Governors (Board), will once again amend the routing number guide to next-day availability checks and local checks in Regulation CC to delete the references to the head offices of the Federal Reserve Bank of Dallas and the Los Angeles branch office of the Federal Reserve Bank of San Francisco.  The routing numbers currently listed under those offices will be reassigned to the head office of the Federal Reserve Bank of Cleveland.  The first stage of changes went into effect on October 17, 2009, when the Fourth and Eleventh District routing numbers were combined and amended to delete the listings for the Dallas head office.  The next stage of changes will go into effect on November 14, 2009, when the Fourth and the Twelfth District routing numbers will be combined and amended to delete the listings for the Los Angeles branch office. What does this mean for your Bank? If your Bank is in the Eleventh and Twelfth Federal Reserve Districts this change will affect which checks are considered local and which are non-local.  Local routing numbers will be those under the Fourth Federal Reserve District known as the Federal Reserve Bank of Cleveland.  A full listing of these routing numbers is located on the Federal Reserve website under Regulations/Regulatory Amendments.  What does your Bank need to do to comply? Banks will need to update their Regulation CC hold policies and procedures and any staff training materials on how to invoke a hold to ensure funds are being held for the appropriate amount of time.  Banks are not required to provide customers with a listing of the updated routing numbers.