12 CFR 210.26 - Definitions.

§ 210.26 Definitions.

As used in this subpart, the following definitions apply:

(a)Article 4A means article 4A of the Uniform Commercial Code as set forth in appendix B of this subpart.

(b) [Reserved]

(c)Automated clearing house transfer means any transfer designated as an automated clearing house transfer in a Federal Reserve Bank Operating Circular.

(d)Beneficiary's bank has the same meaning as in Article 4A, except that:

(1) A Federal Reserve Bank need not be identified in the payment order in order to be the beneficiary's bank; and

(2) The term includes a Federal Reserve Bank when that Federal Reserve Bank is the beneficiary of a payment order.

(e)Fedwire is the funds-transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by this subpart. Fedwire does not include the system for making automated clearing house transfers.

(f)Interdistrict transfer means a funds transfer involving entries to accounts maintained at two Federal Reserve Banks.

(g)Intradistrict transfer means a funds transfer involving entries to accounts maintained at one Federal Reserve Bank.

(h)Off-line bank means a bank that transmits payment orders to and receives payment orders from a Federal Reserve Bank by telephone orally or by other means other than electronic data transmission.

(i)Payment order has the same meaning as in Article 4A, except that the term does not include automated clearing house transfers or any communication designated in a Federal Reserve Bank Operating Circular issued under this Subpart as not being a payment order.

(j)Sender's account, receiving bank's account, and beneficiary's account mean the reserve, clearing, or other funds deposit account at a Federal Reserve Bank maintained or used by the sender, receiving bank, or beneficiary, respectively.

(k)Sender's Federal Reserve Bank and receiving bank's Federal Reserve Bank mean the Federal Reserve Bank at which the sender or receiving bank, respectively, maintains or uses an account.

[ 55 FR 40801, Oct. 5, 1990; 55 FR 47428, Nov. 13, 1990, as amended by Reg. J, 77 FR 21859, Apr. 12, 2012]

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

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United States Code

Title 12 published on 04-May-2018 03:46

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 210 after this date.

  • 2018-03-15; vol. 83 # 51 - Thursday, March 15, 2018
    1. 83 FR 11431 - Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire
      GPO FDSys XML | Text
      Proposed rule and comment request.
      Comments must be submitted by May 14, 2018.
      12 CFR Part 210
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