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Reg CC New Account Exception Hold

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Question: 
Under the exception hold portion of Reg CC for New Account holds, what is the availability for cashier's checks, certified checks, teller checks, U.S. Treasury, state/local government, Federal Reserve and Federal Home Loan banks?
Answer: 

This is covered in 229.13(a)(1)(ii). The first $5,000 of such items deposited on any one banking day must receive next-day availability (unless another exception hold reason also applies). The amount over $5,000 must be made available no later than the ninth business day following deposit.

First published on BankersOnline.com 3/22/10

First published on 03/22/2010

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