Check Adjustments Automated Status Report
The Check Adjustments Automated Status Report is available to FedLine Web® and FedLine Advantage® Solutions customers with access to the Check Adjustments application; located under the Reports tab. The report is generated at the end of each processing day and provides information on the status of adjustment requests submitted to the Federal Reserve Banks that are pending a response from another institution; or for which a provisional entry or requested information was not provided and the request is pending research. These types of cases include:
- Cases that have been received beyond the reporting time frame for same day provisional entry, as published in the Check Adjustments Quick Reference Guide located on FRBservices.orgSM.
- Cases submitted with an Entry Type (ETYP) of Request for Information (RFI) where the Requester is seeking information or another For example, obtaining information or a photocopy.
The report only includes adjustment request(s) submitted with a Product Type (PROD) of Forward (FWD) or Return (RTN). Please note that each report is only available for viewing and downloading for three business days, after which time it is discarded. Customers may select from a list of reports for that three day period.
If there are no cases pending with the Federal Reserve Banks, a report will not be generated and the following message will be received when a date is selected to retrieve the report: No report(s) were found using the search criteria entered. Please refine the criteria if results were expected.
Please note that the report does not reflect cases for which a same day provisional entry was passed to the Requester (Resolution With Entry Message (CA5100)) and the case is deemed to have been resolved from the Requester’s perspective. It should also be noted, if the case cannot be researched based on the information provided in the request, the provisional entry will be reversed.
Cases reflected on the report will show one of three statuses:
- In Process - Includes cases for which a same day provisional entry or the requested information has not been provided and is awaiting research. For example, an Entry in Error (ERR) request received beyond the reporting time frame for a same day provisional entry, or a service or information
- Pending - Includes cases that have entered the Federal Reserve Bank’s automated check adjustments system but require manual reviewing and/or repairing by the Federal Reserve Bank before they can be completely accepted by the adjustments system. For example, if the automated adjustments system detects a case that is a potential duplicate of a previous adjustment case, the case will be “Pended” until it is determined whether it is or is not a duplicate case. Please note that a case can have a “Pending” status even if the case was submitted within the allotted time frame for a same day provisional Cases appearing on the report with this status should be rare.
- Pending Response - Includes cases that have been researched and are awaiting a response from another Party (institution). For example, a Duplicate Entry (DUP) request received beyond the reporting time frame for same day provisional entry as published in the Check Adjustments Quick Reference Guide located on FRBservices.org, will require notification to the offsetting institution before an accounting entry can be passed.
Expected Next Action Date
The date shown in the Expected Next Action Date column represents the date the case should be reviewed by the Federal Reserve Bank for next action and is based on the investigation type (ITYP) and reporting time frame published in the Check Adjustments Quick Reference Guide located on FRBservices.org. For example, if an Information Request (INFO) shows a status of “In Process” and it was received within 20 business days of the cash letter or entry date (CLED), the report would reflect the Expected Next Action Date to be three business days from the date the case was received by the Federal Reserve Bank.
