Federal Government Participation in the Automated Clearing House
other · Fiscal Service · Rule · Published 1999-04-09 · Effective 1999-05-10 · 64 FR 17472
Document
Document number
99-8873
Federal Register citation
64 FR 17472
CFR reference
31 CFR 210
Type
Rule
Action
Final Rule.
Category
other
Sub-agency
Fiscal Service
Publication date
1999-04-09
Effective date
1999-05-10
Abstract
The Department of the Treasury, Financial Management Service (Service), is revising its regulation, 31 CFR Part 210 (Part 210), governing the use of the Automated Clearing House (ACH) system by Federal agencies (agencies). The ACH system is the primary electronic funds transfer (EFT) system used by agencies to make payments, and the Service anticipates that agencies increasingly will use the ACH system to collect funds. Part 210 provides the regulatory foundation for use of the ACH system by agencies. It defines the rights and liabilities of agencies, Federal Reserve Banks, financial institutions, and the public, in connection with ACH credit entries, debit entries, and entry data originated or received by an agency through the ACH system.