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FED ER AL RESERVE BANK O F N EW YORK r C irc u la r N o . 8 6 4 8 L October 3, 1979 “1 J COLLECTION OF CASH ITEMS Change in Procedure for D eposit of Checks Dratvn on Buffalo Territory Banks To A ll W estern N ew Y ork Regional Check Processing Center Participating Banks, and O thers Concerned: Effective October 15, 1979, the Buffalo B ranch of this Bank will no longer accept cash letters in which cash items draw n on Buffalo Clearing H ouse banks (w ith routing symbols 0220, 0290 and 2220) are commingled with cash items draw n on banks participating in the W estern New Y ork Regional Check Processing Center (w ith routing symbols 0223 and 2223). This change in policy will bring the Branch into conform ity with the practice generally followed throughout the country not to commingle city items with R C P C and country items; the policy will apply to machineable and nonmachineable cash letters. Fully M IC R qualified and M IC R computer acceptable items with routing symbols 0220, 0290 and 2220, checks draw n on the U nited States T reasury, and postal money orders may continue to be deposited in a cash letter for immediate credit until 8:00 a.m. M onday through Friday. Fully M IC R qualified and M IC R computer acceptable items with routing symbols 0223 and 2223 may be deposited for immediate credit until 12:01 a.m. Monday through Friday. Nonmachineable items may be deposited, separately sorted, until 7 :00 a.m. Monday through Friday, for one day deferred availability. P articipating banks in the W estern New York R C P C with a daily average volume not exceeding 5,000 amount encoded items may continue to deposit a mixed cash letter until 1 2 :01 a.m. Monday through Friday at the R C PC , fo r credit availability in accordance with our time schedules. A ttached is a revised Appendix No. 2-A to our O perating Circular No. 5, reflecting this change. If you have any questions on this m atter, please contact Robert J. McDonnell, Operations Officer at the Buffalo Branch (Tel. No. 716-849-5022), or David P. Schwarzmueller, Chief, Check D ivi sion, a t the Branch (Tel. No. 716-849-5051). T h o m a s M . T im l e n , First Vice President. FE D E R A L R ESER VE BANK O F N EW YORK A p p e n d ix N o. 2-A to O perating: C irc u la r N o. 5 Revised effective O ctober 15,1979 WESTERN NEW YORK REGIONAL CHECK PROCESSING CENTER (WNYRCPC) TIME SCHEDULE To A ll W estern N ew Y o rk Regional Check Processing Center Participating Banks, and O thers Concerned: Credit for cash items sent to our Western New York Regional Check Process ing Center at the Buffalo Branch will be given, subject to applicable closing times and to sorting and other requirements, as shown in the schedule below. Credit for other deposits will be given in accordance with Appendix No. 2 to Operating Cir cular No. 5. E L IG IB L E SENDERS TYPE OF IT E M S O R T S C R E D IT A V A IL A B IL IT Y C L O S IN G H O U R M o n d a y -F r id a y ( E x . H o lid a y s ) P a r tic ip a t in g b a n k s, o th e r F e d e r a l R e s e r v e o ffices, an d d ir e c t -s e n d in g m em b er banks F u lly M I C R q u a lifie d a n d M I C R c o m p u te r a c c e p ta b le ite m s o n b a n k s w it h r o u tin g s y m b o ls 0 2 2 3 a n d 2223 Im m e d ia te 1 2 :01 a.m . at R C P C 1 P a r tic ip a t in g b a n k s C h eck s on F ed eral R eserve B ank o f N e w Y o r k ( in c lu d in g B u f fa lo B r a n c h ) Im m e d ia te 1 2 :0 1 a.m . at R C P C 1 P a r tic ip a t in g b a n k s, o th e r F ed era l R e s e r v e o ffices, a n d d ir e c t -s e n d in g m em b er b a n k s2 E n d -p o in t s o r te d a n d s e p a r a te ly p a c k a g e d ite m s o n p a r tic ip a tin g b a n k s outside th e C ity o f B u f f a lo ( r o u t in g s y m b o ls 0 2 2 3 , 0 2 9 0 , and 2 223) Im m e d ia te 4 :00 a .m . at R C P C 1 P a r tic ip a t in g b a n k s m a y a ls o d e p o s it ite m s a t p ic k u p s ta tio n s in J a m e s to w n an d R o c h e s te r s u b j e c t to th e 1 2 :01 a .m . c lo s in g h o u r. 2 A l l se n d e r s a r e r e q u ir e d to h a v e p r io r a u th o r iz a tio n b e fo r e m a k in g su c h d e p o sits. [Enc. Cir. No. 8648] ( o ver) E L IG IB L E SENDERS TYPE OF IT E M S O R T S C R E D IT A V A IL A B IL IT Y C L O S IN G H O U R M o n d a y -F r id a y ( E x . H o lid a y s ) P a r tic ip a t in g b a n k s, o th e r F e d e r a l R e s e r v e o ffices, a n d d ir e c t-s e n d in g m em ber banks N o n m a c h in e a b le ite m s w it h r o u tin g s y m b o ls 0 2 2 3 a n d 2 2 2 3 O n e b u sin e s s d a y 7 :00 a.m . P a r tic ip a t in g m e m b e r b a n k s w it h a d a ily a v e r a g e v o lu m e n o t e x c e e d in g 5,0 0 0 a m o u n t-e n c o d e d ite m s A ll ite m s f u lly M I C R q u a lifie d a n d M I C R c o m p u te r a c c e p ta b le d e p o site d in a s in g le c a s h le t te r ( in c lu d in g ite m s p a y a b le in o th e r F e d e r a l R e s e r v e t e r r it o r ie s ) C r e d it c o m p u te r d e te r m in e d in a c c o r d a n c e w ith tim e sc h e d u le a p p lic a b le to th e in d iv id u a l ite m s th e r e in . C r e d it fo r r e j e c t ite m s d e fe r r e d o n e a d d itio n a l b u s in e s s d a y 1 2 :01 a.m . at R C P O Effect of this appendix upon previous appendix This Appendix supersedes Appendix No. 2-A, Revised effective November 9, 1976, to Operating Circular No. 5. T hom as M. T im l e n , First Vice President.
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