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CFR · 2024-01-01 · US · Title 12

(a) (2) A bank shall make funds deposited in an account by cash available for withdrawal not later than the second business day after the banking day on which the cash is deposited, if the deposit is not made in person to an employee of the depositary bank. (b) (2) (i) Payment in actually and finally collected funds; and (ii) Information on the account and amount to be credited. A bank receives an electronic payment only to the extent that the bank has received payment in actually and finally collected funds. (c) (i) A check drawn on the Treasury of the United States and deposited in an account held by a payee of the check; (ii) A U.S. Postal Service money order deposited— (A) In an account held by a payee of the money order; and (B) In person to an employee of the depositary bank. (iii) A check drawn on a Federal Reserve Bank or Federal Home Loan Bank and deposited— (A) In an account held by a payee of the check; and (B) In person to an employee of the depositary bank; (iv) A check drawn by a state or a unit of general local government and deposited— (A) In an account held by a payee of the check; (B) In a depositary bank located in the state that issued the check, or the same state as the unit of general local government that issued the check; (C) In person to an employee of the depositary bank; and (D) With a special deposit slip or deposit envelope, if such slip or envelope is required by the depositary bank under paragraph (c)(3) of this section. (v) A cashier's, certifi

official document · source cfr-2024 · id 12:§ 229.10