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This part prescribes procedures to Federal Reserve Banks (FRBs) for fiscal agency matters requiring special instructions that are not covered in other parts of Treasury Financial Manual, Volume II.

Section 1010—Authority

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—Background and Concepts

The Secretary of the Treasury is responsible for prescribing guidance to FRBs in their role as depositaries and fiscal agents of the U.S. Government.

Contacts

Direct inquiries concerning this chapter to:

Department of the Treasury
Bureau of the Fiscal Service
Federal Reserve Liaison
Attn: Donna Felmlee
3201 Pennsy Drive, Building E
Landover, MD 20785
Telephone: 202-874-7006

Transmittal Letter No. 403

Volume II

To: Federal Reserve Banks and Branches

1. Purpose

This transmittal letter (T/L) releases revised Treasury Financial Manual (TFM) Volume II, Part 8, Chapter 1000: Introduction. This part prescribes procedures to Federal Reserve Banks (FRBs) for fiscal agency matters requiring special instructions that are not covered in other parts of TFM, Volume II.

2. Page Changes

3. Effective Date

This transmittal letter is effective immediately.

4. Inquiries

Direct questions concerning this transmittal letter to:

Bureau of the Fiscal Service
3201 Pennsy Drive, Building E
Landover, MD 20785
Telephone: 202-874-9592

David A. Lebryk
Commissioner
Date: January 12, 2012