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Treasury Implements New TT&L Investment Option

Monday, October 1, 2001

On July 2, the U.S. Treasury implemented an investment option for Treasury Tax and Loan (TT&L) participants called Dynamic Investing, which is a new component of the Treasury Investment Program (TIP).

Dynamic Investing provides an opportunity for participants to receive additional Treasury investments, which are not available through the direct investment option. The new program also provides the Treasury with enhanced cash-management capabilities by reinvesting unanticipated receipts on a same-day basis.

Dynamic Investments may be processed for the Treasury by TIP participants each business day from noon until 5 p.m. Eastern time; however, each enrolled financial institution has the option to designate an earlier cutoff time to accommodate its funds-management needs.

To qualify for Dynamic Investing, a financial institution must be a same-day direct investment TT&L participant. Questions about Dynamic Investments should be directed to the TT&L National Customer Service Area at 1-888-568-7343.

The Treasury also is evaluating another TT&L investment option, which would invest funds for a fixed term (usually one week to one month) at a guaranteed rate of interest with participating financial institutions. This option, currently referred to as the Term Investment Option, is in the early stages of development. A pilot program may be implemented as early as December. Updates on term investments will be provided as more information becomes available.