Answer:
Yes if you use the Special Rules for New Accounts, you can hold anything over $5000 in a checking account for 9 days that is a next day item and treasury checks are next day items. You are still at risk for the first $5000 which is available the next day. If it is not a checking account then Regulaton CC rules do not apply and you can hold it for a reasonable time period.
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New Accounts: 30 Steps to Compliance