State means a state, the District of Columbia, Puerto Rico, or the U.S. Virgin Islands. Teller's check means a check provided to a customer of a bank or acquired from a bank for remittance purposes, that is drawn by the bank, and drawn on another bank or payable through or at a bank. Uniform Commercial Code, Code, or U.C.C. means the Uniform Commercial Code as adopted in a state. The term does not include special purpose units of government, such as school districts or water districts. Fedwire has the same meaning as that set forth in Sec.
Good faith means honesty in fact and observance of reasonable commercial standards of fair dealing.
The Federal Funds rate for any day on which a published rate is not available is the same as the published rate for the last preceding day for which there is a published rate. Contractual branch, with respect to a bank, means a branch of another bank that accepts a deposit on behalf of the first bank. 229.3 Administrative enforcement. Except to the extent that enforcement of the requirements imposed under this part is specifically committed to some other government agency, the Board shall enforce such requirements.