C.F.R. » Title 12 » CHAPTER II—FEDERAL RESERVE SYSTEM › SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM › PART 210—COLLECTION OF CHECKS AND OTHER ITEMS BY FEDERAL RESERVE BANKS AND FUNDS TRANSFERS THROUGH THE FEDWIRE FUNDS SERVICE AND THE FEDNOW SERVICE (REGULATION J) › Subpart B—Funds Transfers Through the Fedwire Funds Service

12 C.F.R. § 210.25

Authority, purpose, and scope

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(a) Authority and purpose. This subpart provides rules to govern funds transfers through the Fedwire Funds Service, and has been issued pursuant to the Federal Reserve Act—section 13 (12 U.S.C. 342), paragraph (f) of section 19 (12 U.S.C. 464), paragraph 14 of section 16 (12 U.S.C. 248(o)), and paragraphs (i) and (j) of section 11 (12 U.S.C. 248(i) and (j))—and other laws and has the force and effect of federal law. This subpart is not a funds-transfer system rule as defined in Section 4A-501(b) of Article 4A.

(b) Scope. (1) This subpart incorporates the provisions of Article 4A set forth in appendix A of this part. In the event of an inconsistency between the provisions of the sections of this subpart and appendix A of this part, the provisions of the sections of this subpart shall prevail. In the event of an inconsistency between the provisions this subpart and section 919 of the Electronic Fund Transfer Act, section 919 of the Electronic Fund Transfer Act shall prevail.

(2) Except as otherwise provided in paragraphs (b)(3) and (4) of this section, this subpart, including Article 4A as set forth in appendix A of this part and operating circulars of the Federal Reserve Banks issued in accordance with paragraph (c) of this section, governs the rights and obligations of the following parties with respect to the Fedwire Funds Service:

(i) Federal Reserve Banks that send or receive payment orders;

(ii) Senders that send payment orders directly to a Federal Reserve Bank;

(iii) Receiving banks that receive payment orders directly from a Federal Reserve Bank;

(iv) Beneficiaries that receive payment for payment orders by means of credit to an account maintained or used at a Federal Reserve Bank; and

(v) Other parties to a funds transfer any part of which is carried out through the Fedwire Funds Service to the same extent as if this subpart were considered a funds-transfer system rule under Article 4A.

(3) This subpart governs a funds transfer that is sent through the Fedwire Funds Service, as provided in paragraph (b)(2) of this section, even though a portion of the funds transfer is governed by the Electronic Fund Transfer Act, but the portion of such funds transfer that is governed by the Electronic Fund Transfer Act (other than section 919 governing remittance transfers) is not governed by this subpart.

(4) In the event that any portion of this Subpart establishes rights or obligations with respect to the availability of funds that are also governed by the Expedited Funds Availability Act or the Board's Regulation CC, Availability of Funds and Collection of Checks, those provisions of the Expedited Funds Availability Act or Regulation CC shall apply and the portion of this Subpart, including Article 4A as incorporated herein, shall not apply.

(c) Operating Circulars. Each Federal Reserve Bank shall issue an Operating Circular consistent with this subpart that governs the details of its funds-transfer operations in connection with the Fedwire Funds Service and other matters it deems appropriate. Among other things, the Operating Circular may set cut-off times and funds-transfer business days; address security procedures offered by the Federal Reserve Banks to verify the authenticity of a payment order; specify format and media requirements for payment orders; specify the time and method of receipt, execution, and acceptance of a payment order and settlement of a Federal Reserve Bank's payment obligation for purposes of Article 4A; specify service terms governing ancillary features of the Fedwire Funds Service; provide for the acceptance of documents in electronic form to the extent any provision in Article 4A requires an agreement or other document to be in writing; identify messages that are not payment orders; and impose charges for funds-transfer services.

(d) Government senders, receiving banks, and beneficiaries. Except as otherwise expressly provided by the statutes of the United States, the parties specified in paragraphs (b)(2)(ii) through (v) of this section include:

(1) A department, agency, instrumentality, independent establishment, or office of the United States, or a wholly-owned or controlled Government corporation;

(2) An international organization;

(3) A foreign central bank; and

(4) A department, agency, instrumentality, independent establishment, or office of a foreign government, or a wholly-owned or controlled corporation of a foreign government.

(e) Financial messaging standards. Financial messaging standards (e.g., ISO 20022), including the financial messaging components, elements, technical documentation, tags, and terminology used to implement those standards, do not confer or connote legal status or responsibilities. This subpart, including Article 4A as set forth in appendix A of this part, and the operating circulars of the Reserve Banks issued in accordance with paragraph (c) of this section govern the rights and obligations of parties to funds transfers sent through the Fedwire Funds Service as provided in paragraph (b) of this section. To the extent there is any inconsistency between a financial messaging standard adopted by the Fedwire Funds Service and this subpart, this subpart shall prevail.

[55 FR 40801, Oct. 5, 1990; 55 FR 47428, Nov. 13, 1990, as amended by Reg. J, 77 FR 21859, Apr. 12, 2012; 83 FR 61517, 61522, Nov. 30, 2018; 87 FR 34358, June 6, 2022]
Notes of Decisions
Cited in 24 cases (5 in the last 5 years), 1991–2026 · leading case: Stephen Grossman v. Nationsbank, N.A., 225 F.3d 1228 (11th Cir. 2000).
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Stephen Grossman v. Nationsbank, N.A., 225 F.3d 1228 (11th Cir. 2000). · cites it 2× “See 12 C.F.R. § 210.25 (b)(1) (providing also that Regulation J controls in the event of inconsistencies with U.”
Amsouth Bank (03-5517) First Tennessee Bank (03-5521) v. George Dale, 386 F.3d 763 (1st Cir. 2004). “District Court for the Southern District of Mississippi with FTB’s consent on September 5, 2002, based on alleged improper joinder of FTB, and asserted complete preemption of the Receivers’ claims under Federal Reserve Board Regulation J, 12 C.F.R. § 210.25 et seq. (“Regulation…”
Eric Eisenberg v. Wachovia Bank, N.A., 301 F.3d 220 (4th Cir. 2002). “” 12 C.F.R. § 210.25 (a) (2002); see id. at § 210.”
Donmar Enter., Inc. v. S. Nat'l Bank, 828 F. Supp. 1230 (W.D.N.C. 1993). · cites it 4× “§ 248 (o); 12 C.F.R. § 210.25 (a). According to § 210.”
TME Enter., Inc. v. Norwest Corp., 2004 Cal. Daily Op. Serv. 10834 (Cal. Ct. App. 2004). · cites it 3× “32 (2004) 2 (Regulation J), which incorporates Uniform Commercial Code (UCC) article 4A ( 12 C.F.R. § 210.25 (b)) 3 and which governs wire transfers through the Fedwire system; 4 fraud; negligence; civil conspiracy; civil RICO 5 violations; unfair business practices and other…”
Qatar Nat'l Bank v. Winmar, Inc., 650 F. Supp. 2d 1 (D.D.C. 2009). · cites it 3× “See 12 C.F.R. § 210.25 (2009). According to these Regulations, also known as “Regulation J,” a bank that mistakenly issues a duplicate order is “entitled to recover from the beneficiary of the erroneous order the excess payment received to the extent allowed by the law governing…”
Pioneer Com. Funding Corp. v. Am. Fin. Mortg. Corp., 855 A.2d 818 (Pa. 2004). “Most significantly, the framing of the case in terms of Article 4A of the Uniform Commercial Code and the incorporating provisions of Federal Reserve Board Regulation J, 12 C.F.R. 210.25(a), (b), governing fund transfers, has attracted the attention of multiple amici, including…”
United States v. Susan Carol Briggs, 939 F.2d 222 (5th Cir. 1991). “, Subpart B of Regulation J of the Federal Reserve System, 12 C.F.R. § 210.25 -.38 (1990) (defining and governing wire transfers); Walker v.”
Valley Bank v. Hughes, 2006 MT 285 (Mont. 2006). “12 C.F.R. § 210.25 et seq. Further, the *347 District Court rightly held: There is no requirement or duty under Regulation J or UCC Article 4A that a bank agree to cancellation under any circumstances.”
Donmar Enter., Inc. v. S. Nat'l Bank of North Carolina, & S. Int'l Corp., 64 F.3d 944 (4th Cir. 1995). “Appendix A to Subpart B to Part 210, 12 C.F.R. § 210.25 (1995). This regulation specifies that inconsistent provisions of state law are pre-empted, while state law that does not conflict is not pre-empted, and lists as an example of a non-conflicting state law, a state law…”
Pereira v. United Jersey Bank, N.A., 201 B.R. 644 (S.D.N.Y. 1996). “B (“Regulation J”), which “provides rules to govern funds transfers through Fedwire,” 12 C.F.R. § 210.25 (a); and it has a right to use check deposits for the purpose of setoff under New Jersey common law and statutory law.”
United States v. Susan Carol Briggs, 920 F.2d 287 (5th Cir. 1991). “, Subpart B of Regulation J of the Federal Reserve System, 12 C.F.R. § 210.25 -.38 (1990) (defining and governing wire transfers); Walker v.”
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— 12 C.F.R. § 210.25(a) — 1 case
Pioneer Com. Funding Corp. v. Am. Fin. Mortg. Corp., 855 A.2d 818 (Pa. 2004). “Most significantly, the framing of the case in terms of Article 4A of the Uniform Commercial Code and the incorporating provisions of Federal Reserve Board Regulation J, 12 C.F.R. 210.25(a), (b), governing fund transfers, has attracted the attention of multiple amici, including…”
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