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In late August and early September, the U.S. Department of the Treasury took unusual efforts to ensure that individuals in areas affected by hurricanes Gustav and Ike were able to receive their federal benefit payments early.
The postal service delivered checks early in areas affected by evacuation orders, and ACH files were delivered early to financial institutions in those areas. In addition, financial institutions in affected areas also were authorized to redeem EE and I savings bonds less than one year old presented from September 2008 through November 2008.
Treasury hoped to ensure that those facing hardships from the hurricanes did not face the additional hardship of being unable to access their funds when they were needed.
Announcements of this nature can be found at www.frbservices.org under the Treasury Services heading.
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Fed in Print: An index of the economic research conducted by the Fed.