Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part II - Bureau of Banks
Chapter 21 - GENERAL PROVISIONS FOR ALL STATE-CHARTERED BANKING INSTITUTIONS
PRELIMINARY PROVISIONS
Section 21.3 - Saturday banking hours
Current through Register Vol. 54, No. 12, March 23, 2024
(a) The term "banking day" when used in this section means that part of any day on which a bank is open to the public for carrying on substantially all of its banking functions.
(b) All banks engaged in or contemplating Saturday banking hours must determine that accounting procedures are performed in accordance with the provisions of the Uniform Commercial Code (12A P. S. §§ 1-101-10-104).
(c) For purposes of deferred posting and return of items, a bank must perform its accounting procedures prior to midnight of its next banking day for the day on which items are received.
(d) In the instance of banks who no longer perform their own bookkeeping and who have adopted Saturday banking hours, the following rules apply: