I see several threads on this subject but I am still confused. Here is my question: Customer deposits a $1,000 check and a $50.00 check. We give customer $50.00 cash back and place a 5 day hold on $900.00. After reading 229.11 (d)commentary, I am thinking we could have placed the hold for $950.00, because we gave the customer $50.00 cash back at the time of deposit, which could be part of the $100 that needs to be made available be the next day. Am I right?

From my understanding you are correct.

Yes, assuming neither item is a next day item.

Thanks.