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FEDERAL RESERVE BANK
OF NEW YORK
I Circular No. 8621
L August 10. 1970
CO LLECTIO N OF CASH ITEM S
In te rte rrito ry Fine-Sort Prog-ram
To A ll Member Hank.'!, anil Others Concerned,
in the Second Federal Rest-ere District:
For several years this Bank has provided to authorized senders a later closing hour for the receipt
of cash items that are end-point sorted according to paying bank. As part of a continuing effort to
improve credit availability for cash items and to discourage remote disbursement practices, this
program will be available at all Federal Reserve offices throughout the country beginning August 15.
1979.
The program at this Bank will continue to operate according to the guidelines listed in paragraph 9
of our Operating Circular No. 5. revised effective July 1, 1974, except that there will no longer be a
minimum volume requirement of 200 items per package.
The following table lists this Bank’s deposit deadlines for immediate credit availability for finesorted items:
O ffice
R o u tin g S y m b o l
Head Office
0210, 0280, 2260
7:30 a.m.
0260, 0270
9:00 a.m.
0223. 2223
8:00 a.m. (if presented through
the Buffalo Clearing
House)
0223, 2223
4:00 a.m. (if presented through
the Western N.Y.
RCPC)
Cranford Office
0212, 2212
4:00 a.m.*
Jericho Office
0214, 2214, 0280,
0219, 2219
4:00 a.m.*
Utica Office
0213. 2213
4:00 a.m.
Buffalo Branch
D ep o sit D e a d lin e
*\lay also 1* deposited at the Head Office at 2:.'{0 a.m. for transshipment
to the Cranford and Jericho Offices.
(Over)
In connection with this program, our relevant operating circulars are being amended to reflect
updated procedures. Copies will be sent to you shortly.
If you have any questions regarding the fine-sort program, or if you would like authorization to
participate in the program, you may call:
H e a d O ffic e
Joseph P. Botta, Manager, Check Processing Department
(212-791-5321)
B u f f a lo B r a n c h
Robert J. McDonnell, Operations Officer
(716-849-5022)
C r a n f o r d O ffice
Fred A. Denesevich, Manager
(201-272-9000)
J e r ic h o O ffic e
Leonard I. Bennetts, Manager
(516-997-4500)
U t i c a O ffic e
Robert C. Thoman, Vice President
(315-736-8321)
T homas M. T im len ,
F i r s t V ic e P r e s id e n t.
@FedFRASER