--- kind: "section" citation: "12 C.F.R. § 229.12" title: "12" number: "229.12" heading: "Availability schedule." url: "https://uscodex.org/cfr/12/229.12" --- # §229.12. Availability schedule. - (a) **Effective date.** The availability schedule contained in this section is effective September 1, 1990. - (b) **Local checks and certain other checks.** Except as provided in paragraphs [(d)](#d), [(e)](#e), and [(f)](#f) of this section, a depository bank shall make funds deposited in an account by a check available for withdrawal not later than the second business day following the banking day on which funds are deposited, in the case of— - (1) A local check; - (2) A check drawn on the Treasury of the United States that is not governed by the availability requirements of [§ 229.10(c)](/cfr/12/229.10.md?p=c); - (3) A U.S. Postal Service money order that is not governed by the availability requirements of [§ 229.10(c)](/cfr/12/229.10.md?p=c); and - (4) A check drawn on a Federal Reserve Bank or Federal Home Loan Bank; a check drawn by a state or unit of general local government; or a cashier's, certified, or teller's check; if any check referred to in this [paragraph (b)(4)](#b-4) is a local check that is not governed by the availability requirements of [§ 229.10(c)](/cfr/12/229.10.md?p=c). - (c) **Nonlocal checks—** - (1) **In general.** Except as provided in paragraphs [(d)](#d), [(e)](#e), and [(f)](#f) of this section, a depositary bank shall make funds deposited in an account by a check available for withdrawal not later than the fifth business day following the banking day on which funds are deposited, in the case of— - (i) A nonlocal check; and - (ii) A check drawn on a Federal Reserve Bank or Federal Home Loan Bank; a check drawn by a state or unit of general local government; a cashier's, certified, or teller's check; or a check deposited in a branch of the depositary bank and drawn on the same or another branch of the same bank, if any check referred to in this [paragraph (c)(1)(ii)](#c-1-ii) is a nonlocal check that is not governed by the availability requirements of [§ 229.10(c)](/cfr/12/229.10.md?p=c). - (2) Nonlocal checks specified in appendix B-2 to this part must be made available for withdrawal not later than the times prescribed in that appendix. - (d) **Time period adjustment for withdrawal by cash or similar means.** A depositary bank may extend by one business day the time that funds deposited in an account by one or more checks subject to paragraphs [(b)](#b), [(c)](#c), or [(f)](#f) of this section are available for withdrawal by cash or similar means. Similar means include electronic payment, issuance of a cashier's or teller's check, or certification of a check, or other irrevocable commitment to pay, but do not include the granting of credit to a bank, a Federal Reserve Bank, or a Federal Home Loan Bank that presents a check to the depositary bank for payment. A depositary bank shall, however, make $550 of these funds available for withdrawal by cash or similar means not later than 5:00 p.m. on the business day on which the funds are available under paragraphs [(b)](#b), [(c)](#c), or [(f)](#f) of this section. This $550 is in addition to the $275 available under [§ 229.10(c)(1)(vii)](/cfr/12/229.10.md?p=c-1-vii). - (e) **Extension of schedule for certain deposits in Alaska, Hawaii, Puerto Rico, American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands.** The depositary bank may extend the time periods set forth in this section by one business day in the case of any deposit, other than a deposit described in [§ 229.10](/cfr/12/229.10.md), that is— - (1) Deposited in an account at a branch of a depositary bank if the branch is located in Alaska, Hawaii, Puerto Rico, American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, or the U.S. Virgin Islands; and - (2) Deposited by a check drawn on or payable at or through a paying bank not located in the same state as the depositary bank. - (f) **Deposits at nonproprietary ATMs.** A depositary bank shall make funds deposited in an account at a nonproprietary ATM by cash or check available for withdrawal not later than the fifth business day following the banking day on which the funds are deposited. ## Notes ### Amendments [53 FR 19433, May 27, 1988, as amended by Reg. CC, 55 FR 50818, Dec. 11, 1990; 56 FR 7801, Feb. 26, 1991; 56 FR 66343, Dec. 23, 1991; 57 FR 36601, Aug. 14, 1992; 60 FR 51670, Oct. 3, 1995; 84 FR 31696, July 3, 2019; 84 FR 45403, Aug. 29, 2019; 89 FR 43739, May 20, 2024] ### Authority Authority: 12 U.S.C. 4001-4010, 12 U.S.C. 5001-5018. ### Source Source: 53 FR 19433, May 27, 1988, unless otherwise noted. ### Amendments [53 FR 19433, May 27, 1988, as amended by Reg. CC, 55 FR 50818, Dec. 11, 1990; 56 FR 7801, Feb. 26, 1991; 56 FR 66343, Dec. 23, 1991; 57 FR 36601, Aug. 14, 1992; 60 FR 51670, Oct. 3, 1995; 84 FR 31696, July 3, 2019; 84 FR 45403, Aug. 29, 2019; 89 FR 43739, May 20, 2024]