Sunday, June 6, 2004 Card Policy Council Mutuality Advisory Council Securities Association: ABASA Insurance Association: ABIA ... Issues Index Easy Ways to Order Secure Form 1120 Connecticut Ave NW Washington, DC 20036 Contact ABA ABA-Member Relations 1120 Connecticut Ave, NW Washington, DC 20036 1-800-BANKERS Questions? E-mail: Member Services ABA Routing Numbers Background and Development of the Numbering System The basic routing number, devised by the American Bankers Association (ABA) in 1910, has served to identify the specific financial institution responsible for the payment of a negotiable instrument. Originally designed to identify only check processing endpoints, the routing number system has evolved to designate participants in automated clearinghouses, electronic funds transfer, and on-line banking. The ABA Routing Number (a.k.a. ABA number; Routing Transit number) has changed over the years to accommodate such things as the Federal Reserve System, the advent of MICR, and the implementation of the Expedited Funds Availability Act (EFAA). Obtaining a Routing Number A routing number will only be issued to a Federal or State chartered financial institution which is eligible to maintain an account at a Federal Reserve Bank. TFP serves as the ABA's official Registrar in the assigning and administering of routing numbers. Newly organized financial institutions must apply to TFP in writing for their routing numbers. For details regarding the application process, contact: | |
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