Answer:
For determination of next day availability requirements for State government checks, Reg CC is very specific. In 229.10(c)(1)(iv)(B) it says one of the requirements for next day availability is that the check is deposited in a bank located in the same state as the state issuing the check. In your example, since the State of Maryland issued the check and the check is deposited in a bank located in Virginia, next day availability would not be required. For determination of local vs. non-local, you would use the check processing region, not the Fed district. You'd need to look at the transit routing number of the check and see whether it is included in the transit routing numbers located in your check processing region. These are identified in Appendix A.
First published on BankersOnline.com 8/13/07
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