Page:United States Statutes at Large Volume 101 Part 1.djvu/667

 PUBLIC LAW 100-86—AUG. 10, 1987
 * tr.

101 STAT. 637

(B) a check or other demand item which is accompanied by special instructions, such as a request for special advise of payment or dishonor; or (C) any similar item which is otherwise classified as a noncash item in regulations of the Board. (15)

NONLOCAL ORIGINATING DEPOSITORY INSTITUTION.—The

A.

term "nonlocal originating depository institution" means any originating depository institution which is not a local depository institution. (16) PROPRIETARY ATM.—The term "proprietary ATM" means an automated teller machine which is— (A) located— (i) at or adjacent to a branch of the receiving depository institution; or (ii) in close proximity, as defined by the Board, to a branch of the receiving depository institution; or (B) owned by, operated exclusively for, or operated by the receiving depository institution. (17) ORIGINATING DEPOSITORY INSTITUTION.—The term "originating depository institution" means the branch of a depository institution on which a check is drawn. (18) NONPROPRIETARY ATM,—The term "nonproprietary ATM" means an automated teller machine which is not a proprietary ATM. (19) PARTICIPANT.—The term "participant" means a depository institution which— (A) is located in the same geographic area as that served by a check clearinghouse association; and ,,, (B) exchanges checks through the check clearinghouse association, either directly or through an intermediary. (20) RECEIVING DEPOSITORY INSTITUTION.—The term "receiving depository institution" means the branch of a depository institution or the proprietary ATM in which a check is first deposited. (21) STATE.—The term "State" means any State, the District of Columbia, the Commonwealth of Puerto Rico, or the Virgin Islands. (22) TELLER'S CHECK.—The term "teller's check" means any check issued by a depository institution and drawn on another depository institution. (23) UNITED STATES.—The term "United States" means the several States, the District of Columbia, the Commonwealth of Puerto Rico, and the Virgin Islands. (24) U N I T OF GENERAL LOCAL GOVERNMENT.—The term "unit of general local government" means any city, county, town, township, parish, village, or other general purpose political subdivision of a State. (25) WIRE TRANSFER.—The term "wire transfer" has such meaning as the Board shall prescribe by regulations. SEC. 603. EXPEDITED FUNDS AVAILABILITY SCHEDULES. (a) NEXT BUSINESS DAY AVAILABILITY FOR CERTAIN DEPOSITS.— (1) CASH DEPOSITS; WIRE TRANSFERS.—Except as provided in

subsection (e) and in section 604, in any case in which— (A) any cash is deposited in an account at a receiving depository institution staffed by individuals employed by such institution, or

12 USC 4002.

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