The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Overview The New York Fed is hosting a series of half-day informational seminars at three locations in upstate New York to discuss our upcoming check processing move from the Utica office to the Federal Reserve Bank of Cleveland and the Federal Reserve Bank of Philadelphia in the first quarter of 2008.
Customers in the Buffalo zone will be serviced by the Federal Reserve Bank of Cleveland and customers in the Utica zone will be serviced by the Federal Reserve Bank of Philadelphia. Buffalo zone customers have routing transit numbers (RTNs)beginning with 0220, 0223, 2220 and 2223 and Utica zone customers have RTNs beginning with 0213 and 2213.
Topics to be discussed are: why we are restructuring, the possible impact of restructuring on your check operations (for example, packaging, credit availability, and accounting/reconcilement implications), general procedures at the transit point, the need for testing if you use Payor Bank Services, how image presentments and Check 21products might mitigate the possible impact of restructuring and what your institution can start doing now to prepare for the move to Cleveland or Philadelphia.
Audience Chief operations officers, senior project managers, as well as item processing and transit managers from institutions and processors that deposit or receive presentments from the Utica office should register.
Deadline Friday, November 2
Fax back form
We encourage you to attend a session in your routing transit number (RTN)zone, but the concepts will be the same at all sessions. Some institutions will be serviced by both offices–for these, select the most convenient session.
If your RTN begins:
Date and Time
0220, 0223, 2220, 2223
Holiday Inn Airport 4600 Genesee Street Cheektowaga, New York 14225 Tel: (716) 634-6969
Wed, Nov 14 9:30 a.m. - 12:30 p.m.
Embassy Suites 6646 Old Collamer Road East Syracuse, New York 13057 Tel: (315) 446-3200
Thu, Nov 15 9:30 a.m. -12:30 p.m. or 1:30 p.m. - 4:30 p.m.
Hilton Garden Inn Albany Airport 800 Albany Shaker Road Albany, New York 12211 Tel: (518) 464-6666
Fri, Nov 16 9:30 a.m. - 12:30 p.m.
Registration andrefreshments will begin a half hour before the start of the seminars. Representatives from Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Cleveland will be attending.