12 CFR 210.1 : Banks And Banking (§ 1.1 To Parts 1816-1899) — (Part 200 To § 219.24) — Federal Reserve System (Part 200 To § 219.24) — Board Of Governors Of The Federal Reserve System (Part 200 To § 219.24) — Collection Of Checks And Other Items By Federal Reserve Banks And Funds Transfers Through Fedwire (Regulation J) (§ 210.1 To Appendix B To Subpart B Of Part 210) — Collection Of Checks And Other Items By Federal Reserve Banks (§ 210.1 To § 210.15) — Authority, purpose, and scope.

The Board of Governors of the Federal Reserve System (Board) has issued this subpart pursuant to the Federal Reserve Act, sections 11 (i) and (j) (12 U.S.C. 248 (i) and (j)), section 13 (12 U.S.C. 342), section 16 (12 U.S.C. 248(o) and 360), and section 19(f) (12 U.S.C. 464); the Expedited Funds Availability Act (12 U.S.C. 4001 et seq.); the Check Clearing for the 21st Century Act (12 U.S.C. 5001-5018) and other laws. This subpart governs the collection of checks and other cash and noncash items and the handling of returned checks by Federal Reserve Banks. Its purpose is to provide rules for collecting and returning items and settling balances.