Fed Adjustment Processing

Workflow for researching and processing Federal Reserve adjustment entries. Covers debit/credit research, entry correction, and documentation. Takes 15-30 minutes per item. Best for: Operations staff, accounting.

3 steps

Banking

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Process steps

Research original transaction

2 days from previous step

task

Using the Fed reference number, locate the original transaction. Pull supporting documentation: deposit tickets, wire confirmations, or check images. Determine what the adjustment is correcting - encoding error, late return, duplicate posting, or other issue.

Form fields in this step

Original Transaction Found *

Adjustment Reason *

Research Notes *

Determine proper accounting treatment

3 days from previous step

task

Based on your research, determine how to account for the adjustment. If it's a bank error, absorb the loss or gain. If it affects a customer account, determine whether to pass through or absorb. Document your decision rationale.

Form fields in this step

Accounting Treatment *

Amount to Post *

Approval Required *

Post entries and document

5 days from previous step

task

Post the correcting entries to the appropriate accounts. If charging or crediting a customer, send proper notification. Document the complete resolution with all supporting materials. File for future reference or examination review.

Form fields in this step

Entries Posted *

Customer Notified (if applicable)

Documentation Filed *