As of Adjustment Law and Legal Definition
According to 12 CFR 210.26 [Title 12 -- Banks and Banking; 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 Fedwire (Regulation J); Subpart B -- Funds Transfers Through Fedwire], as of adjustment means “a debit or credit, for reserve or clearing balance maintenance purposes only, applied to the reserve or clearing balance of a bank that either sends a payment order to a Federal Reserve Bank, or that receives a payment order from a Federal Reserve Bank, in lieu of an interest charge or payment.”
