# Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire: Elimination of “As-of Adjustments” and Other Clarifications
> **US Federal Reserve System** · Final rule. · Published 2012-04-12 · Effective 2012-07-12 · 77 FR 21854
## Document
- **Document number:** 2012-8563
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 77 FR 21854
- **CFR reference:** 12 CFR 210
- **Publication date:** 2012-04-12
- **Effective date:** 2012-07-12
- **Docket:** Regulation J
## Abstract

The Board is amending Regulation J (Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers through Fedwire). The final rule eliminates references to "as-of adjustments" consistent with the Board's final amendments to Regulation D to simplify reserves administration; clarifies that an institution's Administrative Reserve Bank is deemed to have accepted deposit of a check or other item even if the institution sends the item directly to another Federal Reserve Bank; further clarifies that Regulation J continues to apply to a Fedwire funds transfer even if the funds transfer also meets the definition of "remittance transfer" under the Electronic Fund Transfer Act; and makes other conforming revisions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2012/04/12/2012-8563/collection-of-checks-and-other-items-by-federal-reserve-banks-and-funds-transfers-through-fedwire)
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