Endorsement and Payment of Checks Drawn on the United States Treasury

Document ID: FISCAL-FMS-2009-0002-0001
Document Type: Proposed Rule
Agency: Fiscal Service
Topics: Banks and Banking, Federal Reserve System, Fraud, Guarantees
Federal Register Number: E9-31166
CFR Citation: 31 CFR 240
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Details Information

Abstract:	The Department of the Treasury, Financial Management Service (FMS), is proposing to amend its regulation governing the endorsement and payment of checks drawn on the United States Treasury, to provide that Treasury may direct Federal Reserve Banks to debit a financial institution’s account at the financial institution’s servicing Federal Reserve Bank for all check reclamations that the financial institution has not protested. Financial institutions will continue to have the right to file a protest with FMS if they believe a proposed reclamation is in error.
Document Subtype:	NPRM
Received Date:	January 04 2010, at 10:22 AM Eastern Standard Time
Start-End Page:	95 - 97
Comment Start Date:	January 4 2010, at 12:00 AM Eastern Standard Time
Comment Due Date:	March 5 2010, at 11:59 PM Eastern Standard Time

Total: 2

Comment letter on proposed rule for 31 CFR 240
Posted: 03/08/2010 ID: FISCAL-FMS-2009-0002-0002

Comment Period Closed
Mar 05,2010 11:59 PM ET

Comment letter on proposed rule for 31 CFR 240
Posted: 03/10/2010 ID: FISCAL-FMS-2009-0002-0003

Comment Period Closed
Mar 05,2010 11:59 PM ET