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Map of the 12 Federal Reserve banks and
the regions they serve
By Bankrate.com
How fast will your check clear?
The answer depends in part on whether its drawn on a bank within
the same check-processing region -- generally, the geographical
area served by the same Federal Reserve bank (see
map below).
A check is considered "local"
if your institution is located in the same check-processing region
as the paying institution. Funds from local checks must be made
available by the second business day following the day of deposit.
A check is considered "nonlocal"
if your institution is not located in the same check-processing
region as the paying institution. Funds from nonlocal checks must
be made available by the fifth business day following the deposit.
Here are the areas covered by each
of the 12 Federal Reserve banks. Click
here for more information on how long banks can hold your checks.
Federal
Reserve Bank Districts
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-- Posted: Aug. 2, 2002
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