September 27, 2004 News Archive

Board Issues Information on Future Amendments to Regulation CC
In a press release, the Board announced that it will be publishing amendments to Appendix A of Regulation CC to reflect the restructuring of the Federal Reserve's check-processing operations. The amendments will reduce the number of check-processing regions listed in the appendix from thirty-two to twenty-three. In addition, the Board issued a final rule to reflect that as of October 30, 2004, the banks utilizing the Federal Reserve Bank of Chicago's Indianapolis check-processing operations will be reassigned to the Federal Reserve Bank of Cleveland's Cincinnati office.

OFAC Adds to List of Specially Designated Nationals
On September 14, 2004, the Department of the Treasury's Office of Foreign Assets Control (OFAC) added several entries to the list of Specially Designated Nationals (SDNs).