### Question
How does EXPEDITED FUNDS AVAILABILITY define receiving depository institution?


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

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

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

