---
kind: "section"
citation: "12 C.F.R. § 210.15"
title: "12"
number: "210.15"
heading: "Direct presentment of certain warrants."
url: "https://uscodex.org/cfr/12/210.15"
---

# §210.15. Direct presentment of certain warrants.


If a Reserve Bank elects to present direct to the payor a bill, note, or warrant that is issued and payable by a State or a political subdivision and that is a cash item not payable or collectible through a bank: (a) Sections [210.9](/cfr/12/210.9.md), [210.12](/cfr/12/210.12.md), and [210.13](/cfr/12/210.13.md) and the operating circulars of the Reserve Banks apply to the payor as if it were a paying bank; (b) [§ 210.14](/cfr/12/210.14.md) applies to the payor as if it were a bank; and (c) under [§ 210.9](/cfr/12/210.9.md) each day on which the payor is open for the regular conduct of its affairs or the accommodation of the public is considered a banking day.


## Notes

### Authority

Authority: 12 U.S.C. 248(i), (j), and 248-1, 342, 360, 464, 4001-4010, and 5001-5018.

### Source

Source: 45 FR 68634, Oct. 16, 1980, unless otherwise noted.