[Federal Register Volume 71, Number 138 (Wednesday, July 19, 2006)]
[Notices]
[Page 41038]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-6356]


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DEPARTMENT OF HOMELAND SECURITY

Transportation Security Administration


Notification of Conversion of Checks Payable to TSA to Electronic 
Funds Transfers (EFTs)

AGENCY: Transportation Security Administration, DHS.

ACTION: Notice.

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SUMMARY: This Notice informs the public that checks submitted to the 
Transportation Security Administration (TSA) will be converted by the 
Federal Reserve Banking system into electronic funds transfers (EFTs). 
Paper checks will no longer be returned to the payer. This procedure 
will be implemented on or about August 17, 2006.

FOR FURTHER INFORMATION CONTACT: Kurt Snyder, Office of Financial 
Management, TSA-14, Transportation Security Administration, 601 South 
12th Street, Arlington, VA 22202-4220; telephone (571) 227-1437; 
facsimile (571) 227-2599; e-mail [email protected].

SUPPLEMENTARY INFORMATION: 

Availability of Document

    You can get an electronic copy using the Internet by accessing the 
Government Printing Office's Web page at http://www.gpoaccess.gov/fr/index.html.
    In addition, copies are available by writing or calling the 
individual in the FOR FURTHER INFORMATION CONTACT section.

Background

    The Federal Reserve Bank, United States Department of the Treasury, 
has mandated that checks received by Federal Government agencies be 
converted into electronic funds transfers (EFTs). This procedure will 
be implemented by the Federal Reserve Bank on or about August 17, 2006.

How will your check be processed by the Federal Reserve Banking system 
after it is deposited by TSA?

    Upon receipt of a paper check for a payment, the Federal Reserve 
Banking system will convert your check into an electronic funds 
transfer (EFT). The Federal Reserve Bank will make a copy of your check 
and use the account information on it to debit your account 
electronically for the amount of the check. The debit from your account 
will usually occur within 24 hours, and will be shown on your regular 
account statement. You will not receive the original check back. The 
Federal Reserve Bank will destroy the original paper check, but will 
maintain an electronic copy of it. If the EFT cannot be processed for 
technical reasons, the copy will be processed in place of the original 
check. If the Federal Reserve Bank cannot complete the EFT because of 
insufficient funds, it may attempt the transfer up to two times.

    Issued in Arlington, Virginia, on July 14, 2006.
David R. Nicholson,
Assistant Administrator for Finance & Administration/Chief Financial 
Officer.
[FR Doc. 06-6356 Filed 7-14-06; 4:02 pm]
BILLING CODE 9110-05-P