[Code of Federal Regulations] [Title 12, Volume 2] [Revised as of January 1, 2006] From the U.S. Government Printing Office via GPO Access [CITE: 12CFR210.1] [Page 282-283] TITLE 12--BANKS AND BANKING CHAPTER II--FEDERAL RESERVE SYSTEM PART 210_COLLECTION OF CHECKS AND OTHER ITEMS BY FEDERAL RESERVE BANKS AND FUNDS TRANSFERS THROUGH FEDWIRE (REGULATION J)--Table of Contents Subpart A_Collection of Checks and Other Items By Federal Reserve Banks Sec. 210.1 Authority, purpose, and scope. Subpart A_Collection of Checks and Other Items By Federal Reserve Banks Sec. 210.1 Authority, purpose, and scope. 210.2 Definitions. 210.3 General provisions. 210.4 Sending items to Reserve Banks. [[Page 283]] 210.5 Sender's agreement; recovery by Reserve Bank. 210.6 Status, warranties, and liability of Reserve Bank. 210.7 Presenting items for payment. 210.8 Presenting noncash items for acceptance. 210.9 Settlement and payment. 210.10 Time schedule and availability of credits for cash items and returned checks. 210.11 Availability of proceeds of noncash items; time schedule 210.12 Return of cash items and handling of returned checks. 210.13 Unpaid items. 210.14 Extension of time limits. 210.15 Direct presentment of certain warrants. Subpart B_Funds Transfers Through Fedwire 210.25 Authority, purpose, and scope. 210.26 Definitions. 210.27 Reliance on identifying number. 210.28 Agreement of sender. 210.29 Agreement of receiving bank. 210.30 Payment orders. 210.31 Payment by a Federal Reserve Bank to a receiving bank or beneficiary. 210.32 Federal Reserve Bank liability; payment of interest. Appendix A to Subpart B--Commentary Appendix B to Subpart B--Article 4A, Funds Transfers Authority: 12 U.S.C. 248(i), (j), and (o), 342, 360, 464, 4001-4010, and 5001-5018. Source: 45 FR 68634, Oct. 16, 1980, unless otherwise noted. The Board of Governors of the Federal Reserve System (Board) has issued this subpart pursuant to the Federal Reserve Act, sections 11 (i) and (j) (12 U.S.C. 248 (i) and (j)), section 13 (12 U.S.C. 342), section 16 (12 U.S.C. 248(o) and 360), and section 19(f) (12 U.S.C. 464); the Expedited Funds Availability Act (12 U.S.C. 4001 et seq.); the Check Clearing for the 21st Century Act (12 U.S.C. 5001-5018) and other laws. This subpart governs the collection of checks and other cash and noncash items and the handling of returned checks by Federal Reserve Banks. Its purpose is to provide rules for collecting and returning items and settling balances. [53 FR 21984, June 13, 1988, as amended at Reg. J, 59 FR 22965, May 4, 1994; Reg. J, 69 FR 62557, Oct. 27, 2004]