Question:
How is a bank's fractional routing number calculated?
aujenmom
2008-04-15 20:54:51 UTC
I'm asking specifically about an abbreviated or fractional form of the routing number. It appears in the top right corner of your check in either one line or two
Three answers:
BankerManUSA
2008-04-15 21:11:06 UTC
Fractional Form



The fractional form of the routing number is shown most commonly as a multi-digit fraction with a hyphenated numerator and a three or four-digit denominator. Each part is labeled in the number below.



City Prefix 1 2 - 3 4 5 ABA Institution Identifier





6 7 8

Federal Reserve routing Symbol



The geographical base for the ABA's original numbering system was the network of reserve cities in existence at that time. The city prefix served to identify the source of the document by city (or by state). numbers 1 through 49 belonged to reserve cities and major banking centers, who were assigned the numbers in order of their populations.



numbers 50 through 99 designated the states and were assigned in east-to-west order. The numbers 50, 60, 70, 80 and 90 were given to states containing the principal collecting centers - New York, Pennsylvania, Illinois, Missouri and California, respectively. Succeeding numbers in each group were assigned to the states surrounding these collecting centers; exceptions were Hawaii and Alaska, whose prefixes were assigned long after those of the older states. Prefix number 101 was designated for use by territories and dependencies. The complete list of city and state prefix numbers appears following this explanatory section.



The fractional form of the routing number, like the MICR, also includes the Federal Reserve routing symbol and the institution identifier but with these differences:



1. The institution identifier appears as part of the hyphenated numerator and significant zeroes are dropped (a one digit institution identifier would be printed without three zeroes preceding it).



2. The Federal Reserve routing symbol appears as the three or four digit denominator and in districts 1 through 9, the zero is dropped from the first position of the symbol.



Hope that helped!
fleurimon
2016-10-28 13:02:07 UTC
Fractional Routing Number
anonymous
2015-08-13 05:37:44 UTC
This Site Might Help You.



RE:

How is a bank's fractional routing number calculated?

I'm asking specifically about an abbreviated or fractional form of the routing number. It appears in the top right corner of your check in either one line or two


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