Regulation J Policy
This Regulation J Policy addresses how a bank, credit union, or other type of financial institution adheres to Regulation J – “Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfer through Fedwire.”
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Audit Policy – Topic 4
- Staff Training – Topic 5
- Retention of Documentation – Topic 6
Subpart A – Collection of Checks and Other Items by Federal Reserve Banks
- General Provisions – Topic 1
- Sending Items to Reserve Banks – Topic 2
- Sender’s Agreement – Recovery by Reserve Bank – Topic 3
- Status, Warranties, and Liability of Reserve Bank – Topic 4
- Presenting Items for Payment – Topic 5
- Presenting Noncash Items for Acceptance – Topic 6
- Settlement and Payment – Topic 7
- Time Schedule and Availability of Credits – Topic 8
- Availability of Proceeds of Noncash Items – Time Schedule – Topic 9
- Return of Cash Items and Handling of Returned Checks – Topic 10
- Unpaid Items – Topic 11
- Extension of Time Limits – Topic 12
- Direct Presentment of Certain Warrants – Topic 13
Subpart B – Funds Transfers Through Fedwire Funds Service
- General Provisions – Topic 1
- Reliance on Identifying Number – Topic 2
- Agreement of Sender – Topic 3
- Agreement of Receiving Bank – Topic 4
- Payment Orders – Topic 5
- Payment by a Federal Reserve Bank – Topic 6
- Federal Reserve Bank Liability and Payment of Compensation – Topic 7
Subpart C – Funds Transfers Through the FedNow Service
- General Provisions – Topic 1
- Reliance on Identifying Number – Topic 2
- Agreement of Sender – Topic 3
- Agreement of Receiving Bank – Topic 4
- Payment Orders – Topic 5
- Payment by a Federal Reserve Bank – Topic 6
- Federal Reserve Bank Liability and Payment of Compensation – Topic 7
Appendix A Reference – Article 4A, Funds Transfers
- General – Topic 1
- Issue and Acceptance of Payment Order – Topic 2
- Execution of Sender’s Payment Order by Receiving Bank – Topic 3
- Payment – Topic 4
- Miscellaneous Provisions – Topic 5
This Regulation J Policy (approximately 42 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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