Bank One Chicago, N. A. v. Midwest Bank & Trust Co.

This case concerns the Expedited Funds Availability Act, 12 U. S. C. §§4001-4010, a 1987 law designed to accelerate the availability of funds to bank depositors and to improve the Nation’s check payment system. We confront a jurisdictional question regarding the Act’s civil liability provisions, in particular §§ 4010(a), (d), and (f): Is federal-court subject-matter jurisdiction under those provisions confined to suits initiated by bank customers against banks, as the Court of Appeals held, or do federal courts have jurisdiction, as well, over suits brought by one bank against another…