Volume II issues instructions and guidance to Federal Reserve Banks (FRBs) and their branches. It sets forth policies and procedures to follow in the areas of deposits and charges to Treasury’s General Account, reporting requirements for Treasury’s General Account, Treasury checks, FedLine®, and other fiscal agency matters.
The TFM is the Department of the Treasury’s (Treasury’s) official publication of policies, procedures, and instructions concerning financial management in the federal government. It is intended to promote the government’s financial integrity and operational efficiency.
See the About TFM section on our website for more information.
The Secretary of the Treasury under Section 15 of the Federal Reserve Act, as amended (12 U.S.C. 391), is authorized to require the FRBs to act as depositaries and fiscal agents of the United States and may prescribe regulations in connection with these responsibilities.
Section 1020—Composition of Volume II
Volume II is divided into eight parts as follows:
Section 1025—Types of TFM Releases
As of the release of the new automated TFM system on August 13, 2013, transmittal letters are no longer being used. In addition, the Fiscal Service Commissioner's signature is no longer being affixed to new and updated releases within the automated system. New release information can be found in the "What's New" section and its archive on our website. For releases prior to August 13, 2013, transmittal letters may still appear for that particular release until it is updated.
The TFM is comprised of the following types of releases:
The first chapter of each volume describes the makeup of that volume, the procedures covered, and other included material.
Users may access TFM chapters at the following locations on our website:
See the paragraph above in Section 1025 concerning transmittal letters.
You can check the Transmittal Letters page to see which ones have been rescinded.
The Contacts page of each chapter directs users to the organization(s) responsible for the technical content of the chapter. The first contact is the area with ownership responsibility for the chapter. If the chapter contains specific or technical material relating to other areas, the Contacts page also includes the contact information for those areas.
For questions regarding a TFM chapter, users should contact the responsible area listed on the Contacts page.
TFM chapters can include appendices. These appendices generally contain forms, charts, instructions, or additional information helpful in implementing chapter procedures. A chapter with more than one appendix has an “Appendices Listing” page that lists the appendices in numerical order.
Bulletin releases after August 13, 2013, will no longer be affixed with the Fiscal Service Commissioner's signature.
Users may access TFM bulletins on the Bulletins page.
Each bulletin includes an Inquiries paragraph that lists the area with ownership responsibility for the bulletin. For questions regarding a TFM bulletin, users should contact the responsible area listed in the Inquiries paragraph.
Bulletins can include attachments. These attachments generally contain forms, charts, or additional instructions.
Users may access TFM announcements on the Announcements page.
For questions regarding a TFM announcement, users should contact the responsible area listed in the Inquiries paragraph.
TFM supplements include detailed instructions, worksheets, and guidelines for financial reporting and accounting procedures. They are extensions of the TFM. Supplements cover such areas as cash management, credit administration, and the U.S. Government Standard General Ledger.
For a listing of the TFM supplements, see Appendix 1 to TFM Volume I, Part 1, Chapter 1000, or visit our Supplements page.
Section 1030—Electronic Forms
In compliance with the Government Paperwork Elimination Act requirement that federal agencies provide electronic options for transactions with the government, Fiscal Service has done the following:
Fiscal Service has developed a website for commonly requested forms that includes some Fiscal Service produced forms to support products and services. Unless exempted by law or Fiscal Service, all departments and agencies use standard accounting and reporting forms and related procedures, including those the Government Accountability Office has prescribed.
Section 1035—Subject Matter Expert Contact Information
TFM releases include subject matter expert contact information on the “Contacts” page for chapters, or in the “Inquiries” paragraph for bulletins and announcements. TFM users should contact the subject matter expert, per the point of contact information, for questions concerning the TFM release content or for further assistance.
Section 1040—Assistant Commissioner Area TFM Coordinators
Assistant Commissioner (AC) Area TFM Coordinators are the primary points of contact within each Fiscal Service AC area for TFM releases. They coordinate TFM release updates, certifications, and rescissions; as well as the publication of new TFM releases.
Section 1045—TFM Staff Members
The TFM staff members edit, rewrite, and format TFM releases. In addition, they maintain the TFM website. They are not subject matter experts on the information or guidance presented in TFM releases.
Section 1050—Subscribing to the Automatic Email Notification for TFM Updates
Users may subscribe to the automatic email notification service for TFM updates. The automatic email notifies users of a TFM update and also provides a link to the updated TFM release.
Direct inquiries concerning this chapter to: