Full text of Federal Reserve Bank of New York Circulars : Check Delays Resulting From Weather Conditions in Puerto Rico

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FEDERAL RESERVE BANK
OF NEW YORK
September 19, 1989

Check Delays Resulting From
Weather Conditions in Puerto Rico

To A ll Depository Institutions, and Others Concerned,
in the Second Federal Reserve District:

Due to the severe weather conditions in Puerto Rico resulting from
hurricane Hugo, there have been delays in the presentment of cash items, in
the return of unpaid items, and in the forwarding of advices of nonpayment,
with respect to depository institutions in Puerto Rico and the Virgin Islands.
Effective September 20, 1989, and until such time as presentment and return
of cash items is resumed, this Bank will defer credit for items drawn on or
cash items returned to depository institutions having routing numbers with
0215, 0216, 2215, or 2216 prefixes.
Depository institutions may wish to defer credit to their depositors, under
Section 2 29.13(f) of Regulation CC, for forward items delayed by the weather
conditions.
J o h n F. S o b a l a ,
Vice President.




FEDERAL RESERVE BANK
OF NEW YORK

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September 26, 1989

CHECK DELAYS RESULTING FROM HURRICANE HUGO
— Resumption of Check Presentments in Puerto Rico
— Continuation of Check Delays in the Virgin Islands

To A ll Depository Institutions, and Others Concerned,
in the Second Federal Reserve District:

The conditions in Puerto Rico following the aftermath of Hurricane Hugo have
improved such that this Bank is now able to resume presentment of cash items and
return o f unpaid cash items to depository institutions in that locale. Therefore, ef­
fective September 27, 1989, this Bank will resume passing credit in accordance
with our published deadlines and availability schedules, for items drawn on or re­
turned to depository institutions having 0215 or 2215 routing symbols. These items
may be deposited in a mixed cash letter, but if deposited in a country cash letter
items bearing 0215 or 2215 routing symbols must be separately sorted.
With regard to cash items drawn on or returned to depository institutions lo­
cated in the Virgin Islands (bearing 0216 or 2216 routing symbols), the presentment
and return of these items have not been resumed. Also, delays continue for the for­
warding of advices of nonpayment with respect to Virgin Islands items. Until such
time as presentment and return are resumed, this Bank will continue to defer credit
for items drawn on or returned to depository institutions in the Virgin Islands.
Depository institutions may wish to defer credit to their depositors for Virgin
Islands items, under Section 229.13 (f) of Regulation CC, for forward items delayed
by the weather conditions.
J o h n F. S o b a l a ,

Vice President.




FEDERAL RESERVE BANK
OF NEW YORK

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October 3, 1989

CHECK DELAYS RESULTING FROM HURRICANE HUGO
Resumption of Check Presentments in the Virgin Islands

To A ll Depository Institutions, and Others Concerned,
in the Second Federal Reserve District:

The conditions in the Virgin Islands following the aftermath of Hurricane
Hugo have improved such that this Bank is now able to resume presentment of cash
items and return of unpaid cash items to depository institutions in that locale. There­
fore, effective October 4, 1989, this Bank will resume passing credit in accordance
with our published deadlines and availability schedules, for items drawn on or re­
turned to depository institutions having 0216 and 2216 routing symbols.

J o h n F. S o b a l a ,
Vice President.