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34596 Federal Register / Vol. 72, No.

121 / Monday, June 25, 2007 / Rules and Regulations

This action amends the Mexican fruit State and local officials. (See 7 CFR part SUMMARY: The Board of Governors is
fly regulations by removing a portion of 3015, subpart V.) amending appendix A of Regulation CC
Webb County, TX, from the list of to delete the reference to the head office
Executive Order 12988
quarantined areas. of the Federal Reserve Bank of San
The Regulatory Flexibility Act This rule has been reviewed under Francisco and reassign the Federal
requires that agencies consider the executive Order 12988, Civil Justice Reserve routing symbols currently listed
economic impact of their rules on small Reform. This rule: (1) Preempts all State under that office to the Los Angeles
entities. The Small Business and local laws and regulations that are branch office of the Federal Reserve
Administration (SBA) has established inconsistent with this rule; (2) has no Bank of San Francisco. These
size standards for determining which retroactive effect; and (3) does not amendments will ensure that the
economic entities meet the definition of require administrative proceedings information in appendix A accurately
a small firm. The SBA classifies entities before parties may file suit in court describes the actual structure of check
that would normally be affected by a challenging this rule. processing operations within the
quarantine for the Mexican fruit fly, Paperwork Reduction Act Federal Reserve System.
growers of oranges (NAICS category DATES: The final rule will become
111310), citrus (except orange) groves This interim rule contains no effective on August 18, 2007.
(NAICS category 111320), apple information collection or recordkeeping
requirements under the Paperwork FOR FURTHER INFORMATION CONTACT: Jack
orchards (NAICS category 111331), and K. Walton II, Associate Director (202/
other non-citrus farming (NAICS Reduction Act of 1995 (44 U.S.C. 3501
et seq.). 452–2660), or Joseph P. Baressi,
category 111339), as small businesses if Financial Services Project Leader (202/
their annual receipts are $750,000 or List of Subjects in 7 CFR Part 301 452–3959), Division of Reserve Bank
less. Any infestation by Mexican fruit Operations and Payment Systems; or
fly could result in an increase in Agricultural commodities, Plant
diseases and pests, Quarantine, Adrianne G. Threatt, Counsel (202/452–
producer costs for pesticides and their 3554), Legal Division. For users of
application and a reduction in Reporting and recordkeeping
requirements, Transportation. Telecommunications Devices for the
production and revenue. However, Deaf (TDD) only, contact 202/263–4869.
according to the 2002 Census of ■ Accordingly, we are amending 7 CFR
part 301 as follows: SUPPLEMENTARY INFORMATION: Regulation
Agriculture, there were no commercial
farms growing these commodities in CC establishes the maximum period a
Webb County, TX. PART 301—DOMESTIC QUARANTINE depositary bank may wait between
County records indicate there are NOTICES receiving a deposit and making the
approximately 1 airport, 4 bus deposited funds available for
■ 1. The authority citation for part 301 withdrawal.1 A depositary bank
terminals, 2 cargo freight forwarders, 2 continues to read as follows:
distributors, 1 food bank, 2 nurseries, generally must provide faster
Authority: 7 U.S.C. 7701–7772 and 7781– availability for funds deposited by a
and 128 fruit sellers within the area that 7786; 7 CFR 2.22, 2.80, and 371.3.
may be affected by this rule. local check than by a nonlocal check. A
Section 301.75–15 issued under Sec. 204, check drawn on a bank is considered
We expect that any small entities Title II, Public Law 106–113, 113 Stat. local if it is payable by or at a bank
located within the area that sell 1501A–293; sections 301.75–15 and 301.75–
16 issued under Sec. 203, Title II, Public Law
located in the same Federal Reserve
regulated articles do so primarily for
106–224, 114 Stat. 400 (7 U.S.C. 1421 note). check processing region as the
local intrastate, not interstate,
depositary bank. A check drawn on a
movement, so the effect, if any, of this § 301.64–3 [Amended] nonbank is considered local if it is
rule on these entities appears to be
■ 2. In § 301.64–3, paragraph (c) is payable through a bank located in the
minimal. The effect on any small
amended by removing, under the same Federal Reserve check processing
entities that may move regulated articles
heading ‘‘TEXAS’’, the entry for Webb region as the depositary bank. Checks
interstate has been minimized by the
County. that do not meet the requirements for
availability of various treatments that, in
Done in Washington, DC, this 18th day of
local checks are considered nonlocal.
most cases, allow these small entities to
June 2007. Appendix A to Regulation CC
move regulated articles interstate with
Kevin Shea,
contains a routing number guide that
very little additional cost. Thus, just as
assists banks in identifying local and
the previous interim rule establishing Acting Administrator, Animal and Plant
Health Inspection Service.
nonlocal banks and thereby determining
the quarantined area in Webb County,
the maximum permissible hold periods
TX, had little effect on the small entities [FR Doc. E7–12231 Filed 6–22–07; 8:45 am]
for most deposited checks. The
in the area, the lifting of the quarantine BILLING CODE 3410–34–P
appendix includes a list of each Federal
in the current interim rule will also
Reserve check processing office and the
have little effect.
first four digits of the routing number,
Under these circumstances, the FEDERAL RESERVE SYSTEM known as the Federal Reserve routing
Administrator of the Animal and Plant
symbol, of each bank that is served by
Health Inspection Service has 12 CFR Part 229 that office for check processing
determined that this action will not
[Regulation CC; Docket No. R–1289] purposes. Banks whose Federal Reserve
have a significant economic impact on
routing symbols are grouped under the
a substantial number of small entities.
Availability of Funds and Collection of same office are in the same check
Executive Order 12372 Checks processing region and thus are local to
one another.
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This program/activity is listed in the AGENCY: Board of Governors of the

Catalog of Federal Domestic Assistance Federal Reserve System. 1 For purposes of Regulation CC, the term ‘‘bank’’
under No. 10.025 and is subject to
ACTION: Final rule; technical refers to any depository institution, including
Executive Order 12372, which requires commercial banks, savings institutions, and credit
intergovernmental consultation with unions.

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Federal Register / Vol. 72, No. 121 / Monday, June 25, 2007 / Rules and Regulations 34597

As explained in the Board’s final rule Minneapolis, as described in the May Appendix A to PART 229—Routing
published in the Federal Register on 2007 Federal Register document. Number Guide to Next-Day Availability
May 18, 2007, the Federal Reserve Checks and Local Checks
Banks have decided to restructure their Administrative Procedure Act
* * * * *
check processing services by reducing The Board has not followed the
further the number of locations at which Twelfth Federal Reserve District
provisions of 5 U.S.C. 553(b) relating to
they process checks.2 The Board issues notice and public participation in [Federal Reserve Bank of San Francisco]
separate final rules amending appendix connection with the adoption of this Los Angeles Branch
A for each phase of the restructuring, final rule. The revisions to the appendix 1210 3210
and the amendments set forth in this are technical in nature, and the routing 1211 3211
notice are such final rules.3 symbol revisions are required by the 1212 3212
As part of the restructuring process, statutory and regulatory definitions of 1213 3213
the head office of the Federal Reserve ‘‘check-processing region.’’ Because 1220 3220
Bank of San Francisco will cease 1221 3221
there is no substantive change on which 1222 3222
processing checks on August 18, 2007.
to seek public input, the Board has 1223 3223
As of that date, banks with routing
determined that the section 553(b) 1224 3224
symbols currently assigned to the San
notice and comment procedures are Seattle Branch
Francisco head office for check
processing purposes will be reassigned 1230 3230
to the San Francisco Reserve Bank’s Los Paperwork Reduction Act 1231 3231
Angeles branch office. As a result of this 1232 3232
change, some checks that are drawn on In accordance with the Paperwork 1233 3233
and deposited at banks located in the Reduction Act of 1995 (44 U.S.C. 3506; 1250 3250
5 CFR part 1320 Appendix A.1), the 1251 3251
affected check processing regions and
Board has reviewed the final rule under 1252 3252
that currently are nonlocal checks will
become local checks subject to faster authority delegated to the Board by the * * * * *
availability schedules. Office of Management and Budget. This By order of the Board of Governors of the
To assist banks in identifying local technical amendment to appendix A of Federal Reserve System, acting through the
and nonlocal banks, the Board Regulation CC will delete the reference Secretary of the Board under delegated
accordingly is amending the lists of to the head office of the Federal Reserve authority, June 20, 2007.
routing symbols assigned to Twelfth Bank of San Francisco and reassign the Jennifer J. Johnson,
District check processing offices to routing symbols listed under that office Secretary of the Board.
conform to the transfer of operations to the Los Angeles branch office of the [FR Doc. E7–12194 Filed 6–22–07; 8:45 am]
from the San Francisco head office to Federal Reserve Bank of San Francisco. BILLING CODE 6210–01–P
the Los Angeles branch office. To The depository institutions that are
coincide with the effective date of the located in the affected check processing
underlying check processing changes, regions and that include the routing SMALL BUSINESS ADMINISTRATION
the amendments are effective August 18, numbers in their disclosure statements
2007. The Board is providing advance would be required to notify customers 13 CFR Part 115
notice of these amendments to give of the resulting change in availability
RIN 3245–AF39
affected banks ample time to make any under § 229.18(e). However, because all
needed processing changes. The paperwork collection procedures Surety Bond Guarantee Program-
advance notice also will enable affected associated with Regulation CC already Preferred Surety Qualification,
banks to amend their availability are in place, the Board anticipates that Increased Guarantee for Veteran and
schedules and related disclosures, if no additional burden will be imposed as Service-Disabled Veteran-Owned
necessary, and provide their customers a result of this rulemaking. Business, Deadline for Payment of
with notice of these changes.4 The List of Subjects in 12 CFR Part 229 Guarantee Fees, Denial of Liability, and
Federal Reserve routing symbols Technical Amendments
assigned to all other Federal Reserve Banks, Banking, Reporting and
branches and offices will remain the recordkeeping requirements. AGENCY: U.S. Small Business
same at this time. The Board of Administration (SBA).
Governors, however, intends to issue a Authority and Issuance ACTION: Final rule.
similar notice at least sixty days prior to
■ For the reasons set forth in the SUMMARY: On September 26, 2006, SBA
the elimination of check processing
operations at the Helena branch office of preamble, the Board is amending 12 published a proposed rule in the
the Federal Reserve Bank of CFR part 229 to read as follows: Federal Register addressing six changes
to the SBA Surety Bond Guarantee
2 See
PART 229—AVAILABILITY OF FUNDS (SBG) Program in order to improve
72 FR 27951, May 18, 2007.
3 In addition to the general advance notice of
AND COLLECTION OF CHECKS operation of the SBG program and make
future amendments provided by the Board, and the (REGULATION CC) it easier for sureties and small business
Board’s notices of final amendments, the Reserve concerns to participate in the program.
Banks strive to inform affected depository ■ 1. The authority citation for part 229 Specifically, this rules makes the
institutions of the exact date of each office continues to read as follows:
transition at least 120 days in advance. The Reserve following amendments to the program:
Banks’ communications to affected depository Authority: 12 U.S.C. 4001–4010, 12 U.S.C. (1) Gives effect to the statutory
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institutions are available at http:// 5001–5018. reduction in the frequency of audits required of Preferred Surety Bond (PSB)
4 Section 229.18(e) of Regulation CC requires that

banks notify account holders who are consumers

■ 2. The Twelfth District routing symbol Sureties; (2) obligates SBA to guarantee
within 30 days after implementing a change that list in appendix A is revised to read as 90 percent of the loss incurred by a
improves the availability of funds. follows: Prior Approval Surety on bonds issued

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