Working on some training aids for the upcoming July 1 Reg CC changes. I think I have this right, but my brain is a little fried, so I am hoping someone will run the scenario and see if they agree (we are a next day availability bank):
$15,000 check deposited on Monday, July 6th (not a next day item)
$225 is available next day
$5,300 case-by-case hold placed (two days, available Wednesday, July 8th )
$9,475 large item exception hold placed (7 days, available Wednesday, July 15th)
I use to think I was a smart cookie before I started working in Compliance. Now, I have mastered the art of the blank stare!