Indorsement and Payment of Checks Drawn on the United States Treasury
other · Fiscal Service · Rule · Published 2011-09-19 · Effective 2011-10-19 · 76 FR 57907
Document
Document number
2011-23896
Federal Register citation
76 FR 57907
CFR reference
31 CFR 240
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
2011-09-19
Effective date
2011-10-19
Abstract
This final rule authorizes the Department of the Treasury (Treasury), Financial Management Service (FMS), to direct Federal Reserve Banks to debit a financial institution's Master Account for all check reclamations against the financial institution 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.