Payment to Financial Institutions for Credit to Accounts of Employees and Beneficiaries

Resumen

The Financial Management Service is removing this Part from Title 31 of the Code of Federal Regulations. This Part governs the remittance to financial institutions of checks representing wage, salary, annuity and allotment payments to be credited to the accounts of Federal employees and beneficiaries. Such disbursements are no longer made by check. These payments now are made by electronic funds transfer through the Automated Clearing House and, are governed by 31 CFR Part 210. Therefore, Part 209 is no longer necessary.