A check drawn on a bank's reserve account at the Federal Reserve Bank in its district is payable immediately.

Name: A check drawn on a bank's reserve account at the Federal Reserve Bank in its district is payable immediately.
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Checks drawn on a bank's reserve account at the Federal Reserve Bank are considered to be payable immediately because they are drawn against funds that the bank has on deposit with the Federal Reserve, ensuring immediate availability of funds.

A Check Drawn on a Bank's Reserve Account at the Federal