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What is the latest the payor bank can return a check before expiration of its midnight deadline, assuming: the bank has established a cut-off hour31
What is the latest the payor bank can return a check before expiration of its midnight deadline, assuming: the bank has established a cut-off hour31 of 2:00 p.m., it is not open on Saturdays (nor, of course, on Sundays), Monday is a holiday, and the Federal Reserve Bank presents a check for $1 million on Friday at 4:00 p.m
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