[Federal Register Volume 65, Number 129 (Wednesday, July 5, 2000)]
[Notices]
[Pages 41522-41523]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-16831]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Fiscal Service


Treasury Tax and Loan Program Enhancements

AGENCY: Financial Management Service, Fiscal Service, Department of the 
Treasury.

ACTION: Notice: announcement of delay.

-----------------------------------------------------------------------

SUMMARY: This announces a delay in the availability of new applications 
in the Treasury Tax and Loan Program.

DATES: We will announce the new implementation date once established.

FOR FURTHER INFORMATION CONTACT: Walt Henderson, Senior Financial 
Program Specialist on (202) 874-6705 or [email protected]; 
Mary Bailey, Financial Program Specialist, at (202) 874-6749 or 
[email protected]; Adam Martin, Financial Program Specialist, 
at (202) 874-6881 or [email protected]; Cynthia L. Johnson, 
Director, Cash Management Policy and Planning Division, at (202) 874-
6590 or [email protected]; or Ellen

[[Page 41523]]

Neubauer, Senior Attorney, (202) 874-6680 or 
[email protected].

SUPPLEMENTARY INFORMATION:

A. Background

    On May 24, 2000, the Department of the Treasury (Treasury) 
announced two new applications in the Treasury Tax and Loan (TT&L) 
program. These applications--the Treasury Investment Program (TIP) and 
the Paper Tax System (PATAX)--were scheduled to be available on July 
10, 2000. This announcement was published to coincide with the 
publication of new regulations pertaining to daylight overdrafts by the 
Board of Governors of the Federal Reserve (Federal Reserve).

B. Reasons for Delaying the Implementation of the New TT&L 
Applications

    Since the publication date of the notice of the new TT&L 
applications, the Treasury and the Federal Reserve determined the 
availability date for these applications, July 10, 2000, must be 
revised. The Treasury and the Federal Reserve made a joint decision to 
delay implementation of the TIP and PATAX applications to allow for 
further testing of an internal cash forecasting application that 
interfaces with TIP. We will announce the new implementation date once 
established. Until the new implementation date, all TT&L processes will 
operate as they currently do. While TIP and PATAX have been thoroughly 
tested and stand ready for implementation, the extra time will allow 
the Treasury and the Federal Reserve to ensure that interfaces between 
these systems and other systems are functioning properly.

Additional Information

    For more information on the new TT&L applications and the revised 
implementation date, please visit www.frbservices.org. Financial 
institutions may also visit www.fm.treas.gov/regs.html for regulations 
and guidance pertaining to TT&L, EFTPS, and collateral. Financial 
institutions with questions on the new TT&L applications should contact 
the TT&L National Customer Service Area on 1-888-568-7343.

    Dated: June 28, 2000.
Bettsy H. Lane,
Assistant Commission, Federal Finance, Financial Management Service.
[FR Doc. 00-16831 Filed 7-3-00; 8:45 am]
BILLING CODE 4810-35-M