NACHA's 2001 ACH Rules Available
Does your financial institution have the latest version of the ACH rules book? NACHA's blue 2001 ACH Rules is available, replacing last year's bright yellow book. All ACH participants are strongly encouraged to obtain the most recent copy so they have information on 2001 rule changes and their operational impact, as well as any required software modifications. Two of the three 2001 amendments went into effect March 16. The Internet-Initiated Entries amendment created the new WEB Standard Entry Class code to identify consumer ACH debit transactions initiated over the Internet. In addition, NACHA shortened the time frame for corrected returns. To order a book and read more about these changes, contact your regional payments association or visit NACHA's web site at www.nacha.org and click on "Publications."
Memphis Group Sort Deadline Changes
The Memphis office has extended the RCPC Group Sorts A, B and C deadlines from 3 a.m. to 3:15 a.m., and the RCPC Premium Group Sorts A, B and C deadlines from 3:30 a.m. to 3:45 a.m. For more information, contact Susan Bivens at (901) 579-2405.
Are Your Documents Mailed to Proper Destinations?
This is a reminder that U.S. Treasury Coupons, U.S. Treasury Bearer and Registered Securities, Municipal Bonds and Municipal Coupons should not be mailed to the Federal Reserve Bank of St. Louis or its offices. Instead, these items should be mailed to the designated institutions listed below. U.S. Treasury Coupons: Federal Reserve Bank of Dallas Coupons Processing P. O. Box 660656 Dallas, TX 75266-0656 (214) 922-6593 U.S. Treasury Bearer and Registered Securities: Bureau of the Public Debt Definitive Processing Group P. O. Box 426 Parkersburg, WV 26106-0426 (304) 480-7936 Municipal Bonds: Federal Reserve Bank of Jacksonville Non-Cash Collection P. O. Box 44003 Jacksonville, FL 32231 (904) 632-1170 Municipal Coupons: Federal Reserve Bank of Jacksonville Non-Cash Collection P. O. Box 2419 Jacksonville, FL 32232-2419 (904) 632-1170
Adjustments Tip
To help ensure the smooth processing of your check adjustments, please be sure to include the correct case type as you complete the Fed's adjustment form. The four case types are: PMO (Postal Money Orders), FWD (Forward item), RTN (Return item) and GOV (Government item).
PATAX Voice Response System
FedLine users--If your system is down, do you have a backup method to transact TT&L business? Consider the Fed's National PATAX Voice Response System (VRS), an interactive system that enables your financial institution to submit TT&L Advices of Credit (AOC) to the Fed using a Touch-Tone™ phone. TT&L Retainers and/or Investors can also use the PATAX VRS to get information about future Treasury "A" and "B" calls not yet generated. There is no monthly access fee for using the PATAX VRS, nor any transaction fee associated with sending an AOC. What's more, there's no equipment to buy. Don't delay! Call a PATAX VRS customer support representative at 1-800-333-0871 to order your sign-up kit today.
Treasury's Check Reclamation Program
Just a reminder that payments for Treasury Reclamations must now be directed to the Federal Reserve Bank of Richmond. Online institutions can authorize payment via FedLine® using the Check Adjustment application. Submit authorization for payment to 0510-5051-7 "Treas Ck Recon Div"--it's at the bottom of the drop-down list. Payment can still be made by cashier's check to: FRB Richmond Check Services Department Treasury CORE Operations B-level P.O. Box 85111 Richmond, VA 23285 For questions about the Reclamation program, call the Treasury's Check Operations Help Desk at (804) 697-2605. For general FedLine questions, call the FedLine Help Desk at 1-800-333-0861.
MBA Conference
Our account executives will be exhibiting at the Missouri Bankers Association's Annual Conference on June 6-7 at Tan-Tar-A Resort in Osage Beach, Mo. Stop by our booth to learn more about the many benefits of using the Fed's products and services.