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TREAS/FMS RIN: 1510-AA45 Publication ID: Spring 1996 
Title: Indorsement and Payment of Checks Drawn on the United States Treasury 
Abstract: This rule amends existing regulations governing the indorsement and payment of checks drawn on the United States Treasury. The changes are intended both to fix the time by which the Department of the Treasury can decline payment on Treasury checks and to provide financial institutions with a date certain for final payments. The revisions will also provide greater clarity by defining previously undefined terms and by ensuring symmetry with current Treasury regulations governing Federal payments utilizing the Automated Clearing House method. The revisions provide that the Department of the Treasury may instruct Federal Reserve Banks to intercept benefit payment checks to deceased payees and to return, unpaid, those checks. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
CFR Citation: 31 CFR 240   
Legal Authority: 5 USC 301    12 USC 391    31 USC 321    31 USC 3328    31 USC 3331    31 USC 3343    31 USC 3711    31 USC 3716    31 USC 3717    31 USC 3334    31 USC 3712    31 USC 3328 note    31 USC 3702 note    318 US 363 (1943)   
Timetable:
Action Date FR Cite
NPRM  09/21/1995  60 FR 48940   
NPRM Comment Period End  11/06/1995    
NPRM  04/00/1996    
Final Action  08/00/1996    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal 
Included in the Regulatory Plan: No 
Agency Contact:
Ronald E. Brooks
Senior Program and Policy Analyst, Financial Operations
Department of the Treasury
Financial Management Service
Room 725-D, 3700 East-West Highway,
Hyattsville, MD 20782
Phone:202 874-7573
Email: ronald.brooks@fms.treas.gov