{"abstract":"Effective January 2, 1998, the Reserve Banks will begin to implement a policy under which each depository institution may maintain only a single funds account with the Federal Reserve. A single account will establish a single debtor-creditor relationship between each institution and a Federal Reserve Bank and will make account management more efficient for banks with interstate branches. The Board is adopting amendments to subpart A of Regulation J to conform the Federal Reserve check collection rules to the single account structure.","action":"Final rule.","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/1997/09/15/97-24405.html","cfr_references":[{"chapter":null,"citation_url":null,"part":210,"title":12}],"citation":"62 FR 48166","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"January 2, 1998.","disposition_notes":null,"docket_ids":["Regulation J","Docket No. R-0972"],"dockets":[],"document_number":"97-24405","effective_on":null,"end_page":48174,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":null,"html_url":"https://www.federalregister.gov/documents/1997/09/15/97-24405/collection-of-checks-and-other-items-by-federal-reserve-banks-and-funds-transfers-through-fedwire","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/97-24405?publication_date=1997-09-15","mods_url":"https://www.govinfo.gov/metadata/granule/FR-1997-09-15/97-24405/mods.xml","not_received_for_publication":null,"page_length":9,"page_views":{"count":133,"last_updated":"2026-09-22 06:15:08 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-1997-09-15/pdf/97-24405.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"1997-09-15","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/1997/09/15/97-24405.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":48166,"subtype":null,"title":"Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire","toc_doc":null,"toc_subject":null,"topics":[],"type":"Rule","volume":62}