270
Opinion of the Court
Examining the civil liability provisions of 12 U. S. C. § 4010, the Court of Appeals concluded that the EFA Act provides for federal-court jurisdiction only when a "person other than [a] depository institution" sues a "depository institution," see 12 U. S. C. § 4010(a), i. e., principally, when a depositor sues a bank. 30 F. 3d, at 65. "Disputes such as [Bank One's complaint against Midwest], between members of the Federal Reserve System," the Seventh Circuit stated, "are to be handled administratively before the Board of Governors of the Federal Reserve System . . . (or perhaps in state court)." Ibid. The court added, in response to a submission by the Federal Reserve Board: "Although the Board of Governors has informed us that no mechanism is currently available for administrative resolution of such [interbank] disputes, the Board's differing interpretation of this statute cannot confer jurisdiction upon the Court." Ibid.
We granted certiorari. 515 U. S. 1157 (1995). Satisfied that the District Court had adjudicatory authority in this case, we now reverse the judgment of the Court of Appeals.
III
The Court of Appeals and the parties advance diverse readings of 12 U. S. C. § 4010. According to the Seventh Circuit, § 4010 authorizes original federal-court jurisdiction only in actions between a bank and a person other than a bank. Subsection 4010(a) alone, in the Court of Appeals' view, provides for rights immediately enforceable in federal court, and that subsection excludes interbank suits, for it applies only to "disputes between 'any depository institution' and 'any person other than another depository institution.' " 30 F. 3d, at 65 (quoting § 4010(a)). Although § 4010(f) provides for interbank liability, the Court of Appeals read that subsection to authorize only administrative adjudication. In the Seventh Circuit's words:
"The purpose of the [EFA] Act is to require banks to make funds available to depositors quickly. Thus the
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