### Question
How does the law define local originating depository institution?


### Answer
Under *12 U.S.C. § 4001*, **local originating depository institution** is defined as:

> 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**

