Finanse publiczne · 28/11/1994

Regulations Governing FedSelect Checks

On October 21, 1994, the Financial Management Service issued a notice of proposed rulemaking proposing new regulatory text for 31 CFR Part 247 to govern the use of FedSelect checks, a new payment instrument for use by Federal agencies in paying Federal obligations. 59 FR 53125. This rulemaking sets forth procedural instructions for using FedSelect checks, and defines the rights and liabilities of the Federal Government, Federal Reserve Banks, and depositary institutions in connection with FedSelect checks. The date for filing comments is being extended at the request of various interested commenters.