### Question
What does local originating depository institution mean?


### Answer
**Local originating depository institution** has the following meaning in *12 U.S.C. § 4001*:

> any originating depository institution which is located in the same check processing region as the receiving depository institution

#### Citation:
  - *12 U.S.C. § 4001*
  - Heading: **CHAPTER 41-EXPEDITED FUNDS AVAILABILITY**

