Posted By: OnTheEdge
Local Checks-8th Fed Res. District - 08/17/05 07:50 PM
As long as I've been doing this,I'm really embarrassed to ask this question, but I've gotten myself confused. We clear thru the Memphis Branch of the Federal Reserve Bank of St. Louis. Routing numbers are divided into two sections(1) Home Office - St. Louis and (2) Memphis Branch. Do we have to consider both sections as "local" checks for Reg CC purposes?