Fiscal Service September 19, 2011 – Federal Register Recent Federal Regulation Documents

Indorsement and Payment of Checks Drawn on the United States Treasury
Document Number: 2011-23896
Type: Rule
Date: 2011-09-19
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
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.