Form to b e used Sample Clauses

Form to b e used. [Sec. 321.14] The presenting institution shall transmit all redeemed securities to the Check Department of a Federal Reserve Bank or Branch or Regional Check Processing Center in accordance with the Bank’s instructions. Except as otherwise provided in the Bank’s instructions and operating circulars, cash letters may be comprised of one or more bundles of separately sorted redeemed securities [separately sorted cash letter) or one or more bundles of mixed items (mixed cash letter). The cash letter shall show the name, address, and ABA number of the presenting institution, the date of presentation, the total number of pieces transmitted, the value of each of the bundles in the cash letter, and the total value of the cash letter.
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