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Summary and Items of Current Interest
Federal Regulations and Guidance
SEC_CODE_REF_0090001192884
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 The
law of bank deposits and collections is divided into two distinct areas
- Federal
regulation of the deposit products that a financial institution may offer to its
customers
- State
legislation governing the relationships among a financial institution, its
customers and other financial institutions
- Except for a few
specific instances, this area is covered by the Uniform Commercial Code, as
enacted in the various states
 FRB
- 12 CFR Part 205
Reg E -
Electronic Funds Transfers
- 12
CFR Part 210
Reg J
- Collection of Checks and Other Items by Federal
Reserve Banks And Funds Transfers Through Fedwire
- 12 CFR Part 229
Reg CC -
Availability of Funds and Collection of Checks
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