When you consider that the ONLY change to Regulation CC is that all of the bank routing numbers have been relocated under the Cleveland Federal Reserve Bank, and that change effectively eliminates nonlocal check references throughout the regulation, there is nothing at all that affects the wording in 229.10(c)(1)(iv).
For example (and this is strictly a hypothetical situation), if your bank branch in Kentucky accepts a check issued by the city of Louisville, KY, that's a local government check, even if the check is drawn on a bank in New York, NY. It gets next-day treatment if deposited with a special deposit ticket by a payee of the check, with an employee of the bank.
But if the same check is deposited in your Ohio branch office, it's not a local government check, and you could give it second business day availability.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8