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Collection of Checks
Summary
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 Establishes procedures, duties, and responsibilities among
- Federal Reserve Banks
- Senders and payors of checks and other items, and
- Senders and recipients of Fedwire funds transfers
Reg
J Small Entity Compliance Guide
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Recent
Amendments
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Amendments governing remotely created checks
7.01.06
Amendments covering the entire range of check-processing services that Reserve
Banks will offer after the Check Clearing for the 21st Century Act takes effect eff 10.28.04
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Rules
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Collection of checks and other items by Federal
Reserve banks and funds transfers through Fedwire
 Subpart
A - General
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210.1 Authority, purpose, and scope
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210.2 Definitions
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210.3 General provisions
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210.4 Sending items to Reserve Banks
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210.5 Sender's agreement; recovery by Reserve
Bank
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210.6 Status, warranties, and liability of Reserve
Bank
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210.7 Presenting items for payment
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210.8 Presenting noncash items for acceptance
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210.9 Settlement and payment
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210.10 Time schedule and
availability of credits for
cash
items and returned checks
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210.11 Availability of proceeds of noncash
items; time
schedule
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210.12 Return of cash items and handling of
returned
checks
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210.13 Unpaid items
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210.14 Extension of time limits
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210.15 Direct presentment of certain warrants
Subpart B - Funds
transfers through Fedwire
SEC_CODE_REF_0090001192884
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210.25 Authority, purpose, and scope
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210.26 Definitions
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210.27 Reliance on identifying number
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210.28 Agreement of sender
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210.29 Agreement of receiving bank
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210.30 Payment orders
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210.31 Payment by a Federal Reserve Bank to a
receiving
bank or beneficiary
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210.32 Federal Reserve Bank liability; payment of
interest
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