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Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire

Fed · final-rule · Published 2022-06-06 · Effective 2022-10-01 · 87 FR 34350

Document

Document number
2022-11090
Federal Register citation
87 FR 34350
CFR reference
12 CFR 210
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2022-06-06
Effective date
2022-10-01

Abstract

The Board is publishing final amendments to Regulation J to govern funds transfers through the Federal Reserve Banks' (Reserve Banks) new FedNow\SM\ Service. The final rule also includes changes and clarifications to regulations governing the Fedwire Funds Service, to reflect the fact that the Reserve Banks will be operating a second funds transfer service in addition to the Fedwire Funds Service, as well as technical corrections to regulations governing the check service.

Source

Authoritative
Federal Register document
Machine
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