### Question
How is the "receiving depository institution" defined?


### Answer
The term **receiving depository institution** is defined in *12 U.S.C. § 4001* as follows -

> the branch of a depository institution or the proprietary ATM, located in the United States, in which a check is first deposited

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

