Course Outline

Regulation J: Check Collection by FRBs and Funds Transfers

Seat Time: 0.25hrs 

This course will introduce the learner to Regulation J, which establishes responsibilities of the Federal Reserve System and the rules for the collection of checks and other items. The course will discuss for the learner the relationship of the Regulation to the Federal Reserve System. After completing this program, the learner will understand:

• Purpose of Regulation J.
• Sending and returning items to a reserve bank.
• Role of Fedwire in debiting and crediting accounts. 

Course Topics

T1. Regulation J: This topic will introduce the learner to Regulation J, which established the responsibilities of the Federal Reserve System and the rules for the collection of checks and other items, and will discuss sending and returning items to Reserve banks, and more.