The denominator is also part of the routing number; by adding leading zeroes to make up four digits where necessary (e.g. 102 is written as 0102, 57 is written as 0057, etc.), it forms the first four digits of the routing number (9998 in our example).The Routing Number is also called an ABA number or routing transit number.
Convert To Fractional Routing Number
A fractional routing number is a number that you can use to determine where the check payment you are receiving is coming from. It appears like a complex fraction of sorts and is usually presented in a XX-YYYY/ZZZZ or YYYY/ZZZZ format.
However, if you do not have access to a bank fractional number calculator or generator, you can find out the information manually. Below are the tips you can implement to find the bank associated with the fractional number on checks.
In 1910 the American Bankers Association set up the routing number system. It now handles not only every one of the approximately 28,000 financial institutions that are eligible to maintain an account at a Federal Reserve Bank, but also designates automated clearinghouses, electronic funds transfer and on-line banking. The ABA Routing number (Routing Transit number) has changed over the years to accommodate such things as the Federal Reserve System, MICR encoding (Magnetic Ink Character Recognition), and the implementation of the Expedited Funds Availability Act (you might know that as Regulation CC). To determine what the numbers mean on the checks you handle, look first at the fraction. Almost all checks have a fraction at the top, right side of the check. (Some very few do not-the validity of the number then can be determined from the MICR line at the bottom of the check.) The fraction form of the routing number is shown as a multi-digit fraction with a hyphenated numerator (on the top) and a three or four digit denominator (on the bottom). We've illustrated: For example: 60-117/310 60 - City/State Prefix 117 - ABA Institution Identifier 310 - Federal Reserve Routing Symbol The City/State Prefix on the top tells you the geographical location of the bank This chart explains those City/State numbers. ABA City and State Prefix Numbers Number Location 1-49 Assigned to Federal Reserve cities and major banking centers 50-58 New York (50) & surrounding states (51-58) 59 Hawaii 60-69 Pennsylvania (60) & surrounding states (61-69) 70-79 Illinois (70) & surrounding states (71-79) 80-88 Missouri (80) & surrounding states (81-88) 89 Alaska 90-99 California (90) & surrounding states (91-99) 101 Various territories - e.g. Guam, Puerto Rico, etc. Looking at the chart, we can see that the 60 in the fraction above indicates this bank is in Pennsylvania. The number on the right at the top of the fraction informs us exactly which financial institution in Pennsylvania. When the numbers of individual banks were first issued, they were assigned in the relative order of the population of the home town of the bank. Number 117 indicates a fair size town in Pennsylvania in 1910. On the bottom of the fraction is the Federal Reserve district. There are twelve of them. 01-Boston 02-New York 03-Philadelphia 04-Cleveland 05-Richmond 06-Atlanta 07-Chicago 08-St. Louis 09-Minneapolis 10-Kansas City 11-Dallas 12-San Francisco Most of the time the zero does not appear in the fractional form of the number. But it must appear in the MICR number at the bottom of the check. The number 310 in the fraction above, then, indicates this bank is served by the Philadelphia Federal Reserve District. MICR: 9 numbers long 031001175 This then takes us to the MICR number on the bottom of the check. The fraction gives us almost all we need for that nine digit number. The first and second digit designate the Fed district (03); the third digit represents the particular Reserve bank or branch office serving the drawee institution. (031); the fourth digit was originally an indicator of credit availability according to a coding system. It has fallen into disuse, but the number is still required and assigned by ABA to make up the total of nine in the routing transit number.(0310) The next four numbers are the numbers of the actual financial institution. That would be the 117 from the top of the fraction. In order to meet the 9 digit format, it has to be four numbers long - so a zero is added in front of the 117. (03100117) Note: Enough zeros must be added so that the total number of digits is four - if the number on the top of the fraction had been 60 - 5, the second four numbers in the MICR line would have been 0005 - (03100005). Which leaves us with the ninth number. This check digit is a mathematical calculation that is used to verify the accuracy of the routing number that has been determined thus far. The formula is fairly simple. You would multiply the existing eight numbers (03100117) as follows: Federal Reserve ABA Institution Routing Symbol Identifier Multiply 0 3 1 0 0 1 1 7 by x 3 7 1 3 7 1 3 7 0 21 1 0 0 1 3 49 (add) = 75 Subtract your result from the next highest number ending in zero - in this case 80. 80 - 75 is 5, so 5 is the 9th digit of the MICR number - 031001175 If you are determining the number of a savings and loan or a credit union, a factor of 2 is added to the first position in front of the Federal Reserve District number. Instead of 0310 for the Fed Routing Symbol, the number would be 2310. The number of a S & L could be 60-8630/2313. If in Fed districts 10, 11 or 12 - the 2 is added again to the first number. For instance if the number was a credit union in California, the fraction would be 90-7692/3211, while a bank there might be 90-3229/1211. The check digit formula will still work. This all sounds complicated - but take your own checkbook out and try it. It's easier than it sounds! [BOL Editor's Note: The rule assigning a special group of numbers to thrifts and credit unions has now been dropped. New numbers are assigned from the same series to banks, thrifts and credit unions. Numbers formerly assigned to thrifts that have been bought by banks are routinely maintained, if needed, by the bank. Therefore it's no longer possible to say for certain that a number beginning with a 2 or a 3 belongs to a thrift or credit union.] Copyright 2004 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 14, No. 1, 3/04
Multiply your current fractions by the whole number shares of the stock split to see what your future whole or fractional share holdings will be, upon completion of the stock split. For example, if you owned .15 of a share and the company announced a split of three additional shares, you could anticipate holding .45 (0.15 x 3) of a share when the stock split is complete. If you held .43 shares of the same company, at the completion of the stock split you'd have 1.72 shares. This equates to a whole share and a fractional share because the split would award you an additional 1.29 shares (.43 x 3) shares.
There are several reasons why you might need to know your fractional routing number (or bank fractional number). There are several factors that are used to generate this fractional number. It's only eight or nine digits long and is used to manually process checks and is a critical tool in fraud prevention and detection. It's important to be able to identify where on the check is located and what it means.
Banking institutions don't just have their own routing numbers; each region where that bank does business also has its own unique fractional routing number. Because the American Bankers Association issues them, it can be confusing to figure out which one is yours. You might be able to piece together check information if you know your bank's routing number and where your account is located.
To locate your fractional routing number, first, you'll need a check. From there, you'll need to look at the two places where it is located. The first place is the magnetic ink character recognition strip on the very bottom of the check.
The next is at the top of the check; this is the fractional eight- or nine-digit number. Automatic check readers use the long number at the bottom of the check, while the humans manually reading the checks use the fractional routing number.
Your fractional routing number isn't just a random sequence of numbers; each of the numbers is explicitly placed for a purpose. The first two or three digits of a fractional number on checks tell where the banking institution is located. Numbers 01 to 49 designate major banking centers and metropolitan areas. Numbers 50 to 99 are states arranged regionally. Some of them translate as follows: 01: New York, NY; 15: Washington, D.C.; 23: Denver, CO; 44: Topeka, KS; 50: New York state; 59: Hawaii; 68: Virginia; 88: Texas; 90: California; and 101: Guam, Puerto Rico, American Samoa and the Virgin Islands.
The payer's or account holder's name, address and contact information are in the top left corner. If this is your check, your name and information should be there. In the top right, you should find the check's number, as well as your fractional routing number beneath.
In the middle, there are lines for you to fill out the names of the person or organization to which you want to pay the designated amount. Underneath that is the bank's contact information, space for your memo and a signature line for you to sign. On the very bottom, you'll find the complete routing number, then the account number and then the check number (which is also in the top right).
The examples in this section use the ROUND, ROUNDUP, and ROUNDDOWN functions. They cover rounding methods for positive, negative, whole, and fractional numbers, but the examples shown represent only a very small list of possible scenarios. 2ff7e9595c
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