Skip to content
BOL Conferences
Thread Options
#2196208 - 10/23/18 04:13 PM Federal Checks that are not US Treasury
Compliance NABW Offline
Diamond Poster
Joined: Oct 2015
Posts: 1,669
I've heard that checks can be (or are) issued from various Departments of the Federal Government, but do not seem to be drawn on the US Treasury. So, the Dept. of Labor or something cuts a check where they would be the payer, but it is drawn on an account they have on deposit at a commercial bank. It would not seem to meet the definition of a "check drawn on the Treasury of the United States," nor does it seem to be "a check drawn by a state or a unit of general local government." As far as funds availability under Reg. CC, would these not be "Next-Day Availability" checks? They get treated like a "local" check?

Return to Top
Deposits and Payments
#2196244 - 10/23/18 07:49 PM Re: Federal Checks that are not US Treasury Compliance NABW
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,858
Pulling people out of the ditc...
if it is drawn on a commercial bank then it clearly isn't drawn on the treasury
_________________________
Providing alternative truths since the invention of time

Return to Top
#2196288 - 10/24/18 01:42 PM Re: Federal Checks that are not US Treasury Compliance NABW
Compliance NABW Offline
Diamond Poster
Joined: Oct 2015
Posts: 1,669
Yeah, it just doesn't "feel" right, lol.

Return to Top
#2196613 - 10/26/18 07:05 PM Re: Federal Checks that are not US Treasury Compliance NABW
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
They fall into the cracks and aren't in any category of checks that gets preferential treatment.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top
#2196969 - 10/31/18 07:28 PM Re: Federal Checks that are not US Treasury John Burnett
Compliance NABW Offline
Diamond Poster
Joined: Oct 2015
Posts: 1,669
Thank you, John.

Return to Top

Moderator:  John Burnett