Cash items' payment proceeds must be available to the Reserve Bank by the latest of:
Posted: Thu Jul 21, 2022 8:51 pm
Cash items' payment proceeds must be available to the Reserve Bank by the latest of:
A. The next clock hour that is after the hour the paying bank receives the item
B. 9:30 A.M. Eastern time
C. Such other time as provided in the Reserve Bank's operating circulars
D. Both A and B
A. The next clock hour that is after the hour the paying bank receives the item
B. 9:30 A.M. Eastern time
C. Such other time as provided in the Reserve Bank's operating circulars
D. Both A and B