Brad, my understanding is you use the Fed Reserve as Surety. The utility company can deposit it in their bank as all banks in the US use the Fed Reserve System. Once deposited at "any" bank, it clears through one of the 12 Fed Reserve districts banks. Anyone jump in here and correct if my understanding is wrong.
Printed copy · Anthology Volume 8, page 50Printed copy from The Tender For Law Anthology, Volume 8, page 50 (printed 13 June 2014). Added by this site; not part of the Facebook export.