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F ederal Reserve Ba n k o f D allas

DALLAS, TEXAS

75222

Circular No. 67-232
N ovem ber 27, 1967

REVISED TREASURY DEPARTMENT CIRCULAR NO. 21

To All Banks and Others Concerned
in the Eleventh Federal Reserve District:
Enclosed is a revised copy o f U nited S tates T reasury Departm ent
Circular No. 21, governing th e indorsem ent and paym ent of checks drawn
on th e Treasurer of th e U nited S tates. The circular will becom e effective
Decem ber 1, 1967.
A dditional copies will be furnished upon request.
Yours very truly,
W atrous H. Irons
President

Enclosure

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

UNITED STATES TREASURY DEPARTMENT

REGULATIONS
GOVERNING THE

Indorsement and Payment of Checks
Drawn on the Treasurer of the
United States

Department Circular No. 21
Revised October 9, 1967

TITLE 31—MONEY AND FINANCE: TREASURY
CHAPTER II-n S C A L

SERVICE, DEPARTMENT OF THE TREASURY

SUBCHAPTER C—OFFICE OF THE TREASURER OF THE UNITED STATES

Part 360—Indorsement and Payment of Checks Drawn
on the Treasurer of the United States
[Department Circular No. 21 (Second Revision)]

Part 3601, Subchapter C, Chapter II of Title 31 of the Code of Federal Regulations [also
appearing as Treasury Department Circular N o. 21 (Revised), dated September 5, 1946, as
amended] is hereby revised effective December 1, 1967, to read as follows:

GENERAL PROVISIONS
Sec.

360.1
360.2

Scope of regulations.
D efinitions.

PAYMENTS OF CHECKS
360.3
360.4
360.5
360.6
360.7

G enerally.
G uaranty of indorsem ents.
R eclam a tion of am oun ts of paid checks.
Processing of checks.
R elease of original checks.

INDORSEMENT OF CHECKS
360.8
360.9
3 60.10
360.11
360.12

In dorsem en t b y payees.
C h ecks issued to in co m p eten t payees.
C hecks issued to deceased payees.
C hecks issued to m inor p ayees in certain cases.
P ow ers of attorney.

Appendix
A u th o rity : T h e provisions of th is P art 360 issued under 5 U .S .C . 301, unless otherw ise
noted.
Source: T he provisions of th is P art 360 appear a t 32 F .R . 14,217, O ctober 13, 1967.

1 T he regu lations w hich previou sly appeared in P art 202 of th is chapter (D e p a r tm en t Circular 176
(R e v ise d )) govern in g p a y m e n t of check s draw n on th e T reasurer of th e U n ite d S ta te s now appear in revised
form in th is part.

1

GENERAL PROVISIONS
§ 360.1

Scope of Regulations.

The regulations in this part prescribe the requirements for indorsement, and the conditions
for payment, of checks drawn on the Treasurer of the United States.

§ 360.2

Definitions.

As used in this part, the term :
“Check" or “checks" mean a check or checks drawn on the Treasurer of the United
States.
“Federal Reserve Bank" means a Federal Reserve Bank or branch thereof.
“Person" or “persons" mean an individual or individuals, or an organization or
organizations whether incorporated or not, including all forms of banking institutions.
“Presenting bank” means (i) a bank or depositor which presents checks to, and
receives credit therefor from, a Federal Reserve Bank, or (ii) a depositary which is au­
thorized to charge checks to the Treasurer’s General Account and present them directly
to the Treasurer for payment, or (iii) a bank which, under special arrangements with the
Treasurer, presents checks directly to the Treasurer for payment.
“Reclamation" means the action taken by the Treasurer to obtain refund of the
amounts of paid checks.
“Treasurer" means the Treasurer of the United States.
“United States securities" mean securities of the United States and securities of
Federal agencies and wholly or partially Government-owned corporations for which the
Treasury acts as transfer agent.

PAYMENT OF CHECKS
§ 360.3

Generally.

All checks heretofore or hereafter drawn on the Treasurer are payable without limitation
of time. The Treasurer shall have the usual right of a drawee to examine checks presented for
payment and refuse payment of any checks, and shall have a reasonable time to make such
examination. Checks shall be deemed to be paid by the Treasurer only after first examination
has been fully completed. If the Treasurer is on notice of a doubtful question of law or fact
when a check is presented for payment, payment will be deferred pending settlement by the
General Accounting Office.
(Sec. 1, 71 S ta t, 464; 31 U .S .C . 132)

§ 360.4

Guaranty of Indorsements.

The presenting bank and the indorsers of a check presented to the Treasurer for payment
are deemed to guarantee to the Treasurer that all prior indorsements are genuine, whether or
not an express guaranty is placed on the check. When the first indorsement has been made by
one other than the payee personally, the presenting bank and the indorsers are deemed to
guarantee to the Treasurer, in addition to other warranties, that the person who so indorsed
had unqualified capacity and authority to indorse the check in behalf of the payee.

§ 360.5

Reclamation of Amounts of Paid Checks.

The Treasurer shall have the right to demand refund from the presenting bank of the
amount of a paid check if after payment the check is found to bear a forged or unauthorized
indorsement or an indorsement by another for a deceased payee where the right to the proceeds
of such check terminated upon the death of the payee, or to contain any other material defect or
alteration which was not discovered upon first examination. If refund is not made, the Treasurer

shall take such action against the proper parties as may be necessary to protect the interests of
the United States.

§ 360:6

Processing of Checks.

(a) Federal Reserve B a nks.— (1) Federal Reserve Banks shall make arrangements to cash
checks for Government disbursing officers when such checks are drawn by the disbursing officers
to their own order. Federal Reserve Banks m ay ascertain from the Treasurer that the balances
to the credit of the disbursing officers are sufficient and thereafter payment of such checks shall
not be refused except for alteration or forged signature of the drawer.
(2) Federal Reserve Banks shall not be expected to cash Government checks presented
direct to them by the general public.
(3) As a depositary of public funds each Federal Reserve Bank shall (i) receive checks
from its member banks, nonmember clearing banks, or other depositors, when indorsed by
such banks or depositors who guarantee all prior indorsements thfereon, (ii) give immediate
credit therefor in accordance with their current Time Schedules and charge the amount of the
checks cashed or otherwise received to the account of the Treasurer, subject to examination
and payment by the Treasurer, and (iii) forward the checks to the Treasurer. The Treasurer
shall return to the forwarding Federal Reserve Bank a photocopy of any check the paym ent
of which is refused upon first examination. Federal Reserve Banks shall give immediate credit
therefor in the Treasurer’s account, thereby reversing the previous charge to the account for
such check.
(b) Depositaries outside of the m ainland of the United States.— Banks outside of the main­
land of the United States designated as depositaries of public money and permitted to charge
checks to the Treasurer’s General Account shall be governed by the operating instructions
contained in the letter of authorization to them from the Fiscal Assistant Secretary and shall
assume the obligations of presenting banks set forth in sections 360.4 and 360.5. Checks charged
to the Treasurer’s General Account shall be shipped to the Treasurer with the daily transcript
of account in which they are charged. The Treasurer shall return to the presenting depositary
bank a photocopy of any check the paym ent of which is refused. The depositary bank shall
give immediate credit therefor in the Treasurer’s General Account, thereby reversing the
previous charge to the Account for such check.
(c) B an ks processing checks under special arrangements.— Certain banks in the Washing­
ton, D.C., area are authorized under special arrangements to present checks directly to the
Treasurer for payment. The terms of such arrangements shall apply to such checks so presented.
As to m atters not specifically covered by such arrangements, the provisions of this part shall
apply. The Treasurer shall return to the presenting bank a photocopy of any check the pay­
ment of which is refused. That bank shall refund the amount of each such check to the Treasurer
before the close of the next business day. If refund is not made, the Treasurer shall deduct the
amount from any amount that is due or m ay become due to the presenting bank.

§ 360.7

Release of Original Checks.

An original check may be released to a responsible indorser only upon receipt of a properly
authorized request showing the reason it is required.

INDORSEMENT OF CHECKS
§ 360.8

Indorsement by Payees.

(a)
General requirements.— Checks shall be indorsed by the payee or payees named, or by
another on behalf of such payee or payees as set forth in this part. The forms of indorsement
3

shall conform to those recognized by general principles of law and commercial usage for the
negotiation, transfer, or collection of negotiable instruments.
(b) Indorsem ent oj checks by a bank under the payee's authorization.— When a check is
credited by a bank to the payee’s account under his authorization, the bank may use an indorse­
ment substantially as follows:
“Credit to the account of the within-named payee in accordance with payee’s
or payees’ instructions. Absence of indorsement guaranteed.
X Y Z Bank.’’
A bank using this form of indorsement shall be deemed to guarantee to all subsequent indorsers
and to the Treasurer that it is acting as an attorney in fact for the payee or payees, under his
or their, authorization. This form of indorsement m ay also be used by trust companies, savings
and loan associations, and credit unions.
(c) Indorsem ent o j cKecks drawn in favor oj fina n cial organizations.— All checks drawn in
favor of financial organizations as defined in Part 209 of this chapter (Treasury Department
Circular No. 1076), for credit to the accounts of persons designating payment so to be made,
shall be indorsed in the name of the financial organization as payee in the usual manner. Finan­
cial organizations receiving and indorsing such checks shall comply fully with Part 209 of this
chapter (Treasury Department Circular No. 1076).
(R .S. 3G20, as am ended, 79 Stat. 582; 31 U .S.C . 492)

(d) Social Security benefit checks issued jo in tly to individuals oj the same ja m ily .— A Social
Security benefit check issued jointly to two or more individuals of the same family shall, upon
the death of one of the joint payees prior to the negotiation of such check, be returned to the
Social Security District Office or to the Treasury Disbursing Office. Paym ent of the check to the
surviving payee or payees m ay be authorized by placing on the face of the check a stamped
legend signed by an official of the Social Security Administration or the Treasury Disbursing
Office, redesignating such survivor or survivors as the payee or payees of the check. A check
bearing such stamped legend, signed as herein prescribed, may be indorsed and negotiated b y
the person or persons named as if such check originally had been drawn payable to such person
or persons.
(Sec. 330, 79 S ta t. 401; 42 U .S .C . 4 05 (n ))

§ 360.9

Checks Issued to Incompetent Payees.

(a) Classes oj checks which m ay be indorsed by guardian or fiduciary.— Where the payee of a
check of any class listed in section 360.10(a) has been declared incompetent:
(1) If the check is indorsed by a legal guardian or other fiduciary and presented for pay­
ment by a bank, it will be paid by the Treasurer without submission to the Treasurer
of documentary proof of the authority of the guardian or other fiduciary.
(2) If a guardian has not been or will not be appointed, and if the check (i) was issued in
payment of goods and services, tax refunds or redemption of currency, it shall be
forwarded for advice to the Treasurer of the United States, Check Claims Division,
Washington, D.C. 20226, or (ii) was issued in payment of principal or interest on
United States securities, it shall be forwarded to the Bureau of the Public Debt,
Division of Loans and Currency, Washington, D.C. 20226, with a full explanation of
the circumstances.
(b) Classes o j checks which m ay not be indorsed by guardian or fidu ciary.— Where the payee
of a check of any other class has been declared incompetent, the check shall not be indorsed
by a guardian of other fiduciary. The check shall be returned to the Government agency for
4

which issued with information as to the incompetency of the payee and submission of docu­
mentary evidence showing the appointment of the guardian or other explanation in order that a
replacement check, and others to be issued subsequently, may be drawn in favor of the guardian.

§ 360.10

Checks Issued to Deceased Payees.

(a) Classes o f checks which m ay be indorsed by an executor or administrator.— Checks issued
for the following classes of payments, the right to which under law does not terminate with the
death of the payee, will, when indorsed by an executor or administrator and presented for
payment by a bank, be paid by the Treasurer without the submission of documentary proof
of the authority of the executor or administrator:
(1) Payments for the redemption of currencies or for principal or interest on United States
securities.
(2) Payments for tax refunds.
(3) Payments for goods and services.
If an executor or administrator has not been appointed, persons claiming as owners shall
return the checks for appropriate handling to the Government agency for which issued. If
there is doubt as to whether the proceeds of the check or checks pass to the estate of the de­
ceased payee, the checks shall be handled in accordance with paragraph (b) of this section.
(b) Classes oj checks which m ay not be indorsed by an executor or adm inistrator.— Checks
issued for classes of payment other than those specified in paragraph (a) of this section may
not be negotiated after the death of the payee but must be returned to the Government agency
for which issued for determination whether, under applicable laws, payment is due and to
whom it m ay be made.

§ 360.11

Checks Issued to Minor Payees in Certain Cases.

Checks issued to minors in payment of principal or interest on United States securities
may be indorsed by either parent with whom the minor resides, or, if the minor does not re­
side with either parent, by the person who furnishes his chief support. The parent or other
person indorsing in behalf of the minor shall present with the check his signed statement giving
the minor’s age, stating that the payee either resides with the parent or receives his chief
support from the person indorsing in his behalf, and that the proceeds of the checks will be
used for the minor’s benefit.

§ 360.12

Powers of Attorney.

(a) Specific powers oj attorney.— Any check m ay be negotiated under a specific power of
attorney executed after the issuance of the check and describing it in full.
(b) General powers o j attorney.— Checks issued for the following classes of payments may
be negotiated under a general power of attorney in favor of an individual, bank or other entity:
(1) Paym ents for the redemption of currencies or for principal or interest on United
States securities.
(2) Payments for tax refunds.
(3) Payments for goods and services.
(c) Special powers o j attorney.— Under rules established by the Comptroller General
of the United States, classes of checks other than those specified in paragraph (b) of this section
may be negotiated under a special power of attorney (i) naming a banking institution or trust
company as attorney in fact, (ii) limited to a period not exceeding twelve months, and (iii)
reciting that it is not giving to carry into effect an assignment of the right to receive payment,
either to the attorney in fact or to any other person.

(d) Proof of authority.— Checks indorsed by an attorney in fact and presented for pay­
ment by a bank, will be paid by the Treasurer without the submission to him of documentary
proof of the authority of the attorney in fact.
(e) Revocation of powers of attorney.— Powers of attorney are revoked by the death of the
grantor and may also be revoked by notice from the grantor to the parties known, or reasonably
expected, to be acting on the power of attorney. Notice of revocation to the Treasurer will not
ordinarily serve to revoke the power.
(f) Acknowledgment o f powers o f attorney.— Powers of attorney shall be acknowledged before
a notary public or other officer authorized by law to administer oaths generally. In foreign
countries, the acknowledgment shall be made before a United States diplomatic or consular
representative. If such a representative is not available, the acknowledgment shall be made
before a notary or other officer authorized to administer oaths, but his official character and
jurisdiction must be certified by a United States diplomatic or consular officer, under the seal
of his office. Persons subject to military jurisdiction may acknowledge powers of attorney before
officers specially designated for that purpose pursuant to law or regulations. See 10 U.S.C. 936.
(g) Seal or certificate o f attesting officer.— Seals of attesting officers shall be impressed upon
the power of attorney form, or the power of attorney shall be accompanied by a certificate from
an appropriate official showing that the officer was in commission on the date of acknowledg­
ment. In either case, the date of expiration of the attesting officer’s commission shall be indicated.
(h) Forms.— Power of attorney forms issued under this part are listed in the attached
Appendix. They may be obtained from the Superintendent of Documents, Government
Printing Office, Washington, D.C. 20401.
J o h n K. C a r l o c k ,
Fiscal A ssista n t Secretary.
D a t e d : O c t o b e r 9, 1967.

Appendix

STANDARD FORMS FOR POWER OF ATTORNEY AND THEIR
APPLICATION
Standard Form 231.— A general power of attorney on this form m ay be executed by an
individual, firm, or sole owner, for checks drawn on the Treasurer of the United States, in
payment (1) for redemption of currencies or for principal or interest on United States securities,
(2) for tax refunds, and (3) for goods and services.
Standard Form 232.— A. specific power of attorney on this form, which must be executed
after the issuance of the check, describing the check in full, m ay be used to authorize the
indorsement of any class of check drawn on the Treasurer.
Standard Form 233.— A special power of attorney on this form naming a responsible banking
institution or trust company as attorney in fact, limited to a period not to exceed 12 months
and reciting that it is not given to carry into effect an assignment of the right to receive the
payment, either to the attorney in fact or to any other person, may be used for classes of
payments other than those shown under Standard Form 231.
Standard Form 234-5.— A general power of attorney m ay be executed by a corporation for
the classes of payment listed under Standard Form 231.
Standard Form 2 3 6 -7 .— A specific power of attorney may be executed on this form by a
corporation to cover a specific check for any class of payment.

7

ST AND AR D FORM 231
A p ril 1963
S upersedes F o rm T U S 6569
T r e a su r y D ept. Circ. No. 21
231-101

(N ote.— The grantor’s given nam e, additional initials,
if any, and surname should be used in the execution of the
po w er o f attorney.)

POWER OF ATTORNEY BY INDIVIDUAL FOR THE COLLECTION OF CHECKS DRAWN ON
THE TREASURER OF THE UNITED STATES

K n o iu a ll HBtrt by

JJrvstfrtts:

T h a t the u n d e rsig n e d,

________

of

--------------------------------------------------------------------------------------------------- does hereby a p p o in t------------------------------(Post-office ad d ress)

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

, o f -------------------------------------------------------------------------------(Post-office ad d ress)

as his a tto rn e y to receive, endorse, and collect checks payable to the o rde r o f the undersigned, d ra w n on
the T re a su re r o f the U n ite d States, and to execute in the name and on b e h a lf o f the undersigned, a ll
bonds, indem nities, applications, o r o the r documents, w hich m ay be re qu ired b y law o r re g u la tio n to
secure the issuance o f substitutes fo r such checks, and to give fu ll discharge fo r same, g ra n tin g to said
a tto rn e y fu ll pow er o f su b s titu tio n and revocation, hereby r a tify in g and co n firm in g a ll th a t said a tto rn e y,
o r his substitute , shall la w fu lly do o r cause to be done by v irtu e hereof.
W it n e s s th e sign a tu re and seal o f the undersigned, t h is
o f

___

day

, 19____
[ seal ]
( S ig n a tu re o f g r a n t o r )

P ersonally appeared before me the above-nam ed_______________ ___ ____ _________________ _____
know n o r proved to me to be the same person who executed the fo re g o in g in stru m e n t, and acknowledged
to me th a t he executed the same as his fre e act and deed.
W i t n e s s m y signature, official designation, and seal.

[IMPRESS SEAL HERE]

( S ig n a tu re

of

a tte s tin g officer)

(Official d e s ig n a tio n )

Dated a t ------------------

___
__------ , t h i s ________________ day o f _____ _______________________, 19.
M y com m ission expires

, 19_

IMPORTANT.—Do not execute this instrument without first reading the instructions on the reverse side hereof.
compliance with these instructions will avoid complications.

9

Exact

INSTRUCTIONS— READ CAREFULLY
1 (a ). T his general pow er o f a tto rn e y m ay be used fo r the collection o f checks d ra w n on the Treas­
u re r o f the U n ite d States in paym ent o f p rin c ip a l o r in te re s t on p u b lic debt o bligations o r obligations
guaranteed b y the U n ite d States, ta x re fu nd s and paym ents fo r goods and services.
1 (6 ). F o r a ll o th er classes o f paym ents a specific pow er o f a tto rn e y (S F 232) is re q u ire d ; however,
a special pow er o f a tto rn e y (S F 233) nam ing a bank as a tto rn e y in fa c t, lim ite d to a period n ot to exceed
12 m onths and re c itin g th a t i t is not given to c a rry in to effect an assignm ent o f the rig h t to receive the
paym ent, e ith e r to the a tto rn e y in fa c t o r to any o th e r person, m ay also be used.
2.
I f the signa ture o f the g ra n to r is made by m a rk, i t should be w itnessed by a t least one person
w ho can w rite besides the acknow ledging officer, g iv in g his place o f residence in fu ll.
3 ( a ) . T his power o f a tto rn e y should be acknowledged before a n o ta ry pu blic o r o the r officer a u th o r­
ized b y law to a d m in iste r oaths generally. I f in a fo re ig n co un try, the acknowledgm ent should be made
before a U nite d States d ip lo m a tic o r consular representative. I f such an officer is no t available, i t m ay
be acknowledged before a n o ta ry o r o the r officer authorized to a d m in iste r oaths, b u t his official character
and ju ris d ic tio n m ust be ce rtifie d by a U nited States d ip lo m a tic o r consular officer, under the seal o f his
office.
3 ( 6 ) . Seals o f a tte s tin g officers m ust alw ays be im pressed; provided, however, th a t w here acknow l­
edgments before a n o ta ry public, o r o th er officer authorized by law to a d m in is te r oaths, are n ot thus
authenticated by the official im pression seal o f such officer, the pow er should be accompanied by a
ce rtifica te fro m the proper officia l show ing th a t the officer was in com m ission on the date o f the acknow l­
edgment. The date when the officer's com m ission expires should appear in any event. I f a ce rtifica te
is fu rn ish e d , such ce rtifica te should show the dates o f the b e ginn ing and e x p ira tio n o f the officer’s com­
m ission, and such period o f com m ission should include the date o f acknow ledgm ent o f the power.
3 ( c ) . N o tw ith s ta n d in g the fo regoing, persons subject to m ilita r y ju ris d ic tio n m ay acknowledge
powers o f a tto rn e y before officers specially designated fo r th a t purpose p u rsu a n t to law .
4. T h is pow er o f a tto rn e y is revoked by the death o f the g ra n to r and m ay also be revoked by notice
fro m the g ra n to r to the p arties concerned. N otice o f revocation to the T rea su ry w ill n o t o rd in a rily
serve to revoke the power.
5. I f i t is desired th a t checks be m ailed to the a tto rn e y instead o f to the payee, fo rm a l notice o f
change in the post-office address, id e n tify in g the checks affected, should be fo rw a rd e d to the adm inis­
tra tiv e office w hich authorized issuance o f the checks.
6.
POW ERS O F A T T O R N E Y N E E D N O T B E F IL E D W IT H T H E T R E A S U R E R O F T H E
U N IT E D S TA T E S .

Standard Form 232
April 1963
Supersedes Form T U S 6S70
T reasu ry D ept. Circ. No. 21
232-101

(N ote.— T h e gran tor’s given nam e, additional initials, if any.
a n d surnam e s hould be used in th e execution o f th e power o f
attorney .)

POWER OF ATTORNEYBYINDIVIDUAL FORTHE COLLECTION OF A SPECIFIED
CHECK DRAWN ON THETREASURER OF THE UNITED STATES
2Cttmu a l f l t by ttfeae presents:
l frt
, of

T h a t the u n d e rs ig n e d ,
.................................

does hereby appoint..........................................................
(Post-office address)

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

,.o f ....................

as attorn ey to receive, endorse, and collect check N o

(Post-office address)

.............. ,d a te d _____ _________________, 19.

f o r ________

dollars

drawn on the Treasurer of the United States, by

................................................ ............... .............................. ...........

Symbol N o ..................
, in favor o f ...............................
. ............
, and to
give full discharge for same; hereby ratifying and confirming all that said attorney shall lawfully do or cause
to be done by virtue hereof.
W it n e s s the signature and seal of the undersigned, t h i s ____________________________ _________day of
.....................

, 1 9 ......
____________________________________________________________ [s e a l ]
(Signature)

(Address)

Two witnesses.
(Signature)

(Address)

Personally appeared before me the above-named
.......... ................................................................................
known o r proved to me to be the same person who executed the foregoing instrum ent, and acknowledged to
me th a t he executed the same as his free act and deed; and I hereby c e rtify th a t the said power o f attorney
was read and fu lly explained to the said grantor a t the tim e o f acknowledgment.
W it n e s s m y signature, official designation, and seal.

(Signature of attesting officer)
[i m p r e s s

se a l

h e r e

]

(Official designation)

D ated a t__________________________ ,th is _______

day o f ____________________________ , 19.

M y commission expires

f

IM PORTANT.— Do not execute this instrument without first reading the instrnctions on the reverse side hereof.
compliance with th ese instructions will avoid complications.

11

19 .
Exact

INSTRUCTIONS— READ CAREFULLY

1 ( a ) . A specific power o f attorney, w h ich m ust be executed a fter the issuance o f the
check, describing the check in full, as prescribed in Section 3477 o f th e R evised S tatutes,
as amended (31 U. S. C. 2 0 3 ), is required fo r endorsem ent o f all checks drawn on the
T reasurer o f the U nited States, w ith the exception o f checks fo r the follow in g classes o f
p a y m en ts:
(1) P rincipal or interest on public debt obligations or obligations guaranteed
by th e U nited S tates.
(2 ) Tax refunds.
(3 ) P aym ents for goods or services.
1 ( b ) . In any case requiring a specific power o f attorney, a special power o f attorney
(S F 233) nam ing a bank as attorney in fact, lim ited to a period not to exceed 12 m onths
and reciting th at it is not given to carry into effect an assignm en t o f the right to receive
the payment, either to the attorney in fa c t or to any other person, m ay also be used.
2 (a ) . T his power should be executed by the grantor in the presence o f two attestin g
w itnesses, and should be acknowledged before a notary public or other officer authorized
by law to take acknowledgm ents o f deeds. I f in a foreign country, the acknowledgm ent
should be made before a U nited S tates diplom atic or consular representative. I f such an
officer is not available, it m ay be acknowledged before a notary or other officer authorized
to adm inister oaths, but his official character and jurisdiction m ust be certified by a U nited
States diplom atic or consular officer, under the seal o f his office.
2 ( b ). Seals of a ttestin g officers m ust alw ays be im pressed; provided, however, th at
w here acknow ledgm ents before a notary public, or other officer authorized by law to take
acknowledgm ents o f deeds, are not thus authenticated by the official im pression seal o f such
officer, the power should be accompanied by a certificate from the proper official show ing
th a t the officer w as in com m ission on the date of the acknowledgm ent. The date w hen the
officer’s com m ission expires should appear in an y event. I f a certificate is furnished, such
certificate should show the dates o f the beginn in g and expiration o f the officer’s com m is­
sion, and such period o f com m ission should include the date of acknow ledgm ent o f the
power.
2 (c ). N o tw ith sta n d in g the foregoing, persons subject to m ilitary jurisdiction m ay
acknowledge powers o f attorney before officers specially designated for th at purpose pur­
suant to law.
3.
T his power o f attorney m ay be revoked by notice from the grantor to the parties
concerned. N otice o f revocation to the T reasury w ill not ordinarily serve to revoke the
power.
4.
PO W E R S OF A T T O R N E Y N E E D NOT B E F IL E D W ITH T H E T R E A S U R E R
O F T H E U N IT E D ST A T E S.

Standard Form 233

(N o te.— The g r a n t o r ’s given n am e, ad d itio nal
in itia ls, if a ny , and s u rn a m e should he used in
th e execution of th e pow er of a tto rn e y .)

A pril 1963
Supersedes Form T U S 6711
T reasury D ept. Circ. No. 21
233-101

POWER OF ATTORNEY BY INDIVIDUAL TO A BANK FOR THE COLLECTION OF CHECKS DRAWN ON THE
TREASURER OF THE UNITED STATES

K n o w A l l M en by T h e s e P r e s e n t s :
T h a t the u n d e rsig ne d,___________

_________________ , o f
., does hereby appoint

(Post-office address)

(A responsible b a n k in g in stitu tio n o r t r u s t com pany m u s t b e nam ed)

o f --------------------------------------------------------

t

as hie a tto rn e y to receive, endorse,

(Post-office address)

and collect checks payable to the ord e r o f the undersigned, d raw n on the T re asu rer o f the U nite d States
and issued f o r ________________________________ ___ ______________________________________________
( S ta te p u rp o se fo r w hich checks a re issued)

dated f r o m _____________________

, 19

,to

, 19____ , and to give fu ll

(Tim e n o t to exceed 12 m o nths)

discharge fo r same, hereby ra tify in g and co n firm in g a ll th a t said a tto rn e y shall la w fu lly do by v irtu e
hereof. T h is pow er o f a tto rn e y is n ot given to c a rry in to effect an assignm ent to the attorney, o r to any
o th er person, o f the rig h t o f the undersigned to receive the above-described payments.
W it n e s s the signature and seal o f the undersigned, t h is ______ ... day o f

19.-----....[SEAL]

( S ig n a tu re o f g r a n to r )

P ersonally appeared before me the above-named________________________________________________
know n o r proved to me to be the same person who executed the fo re go ing instru m e n t, and acknowledged
to me th a t he executed the same as his fre e act and deed.
W it n e s s m y signature, official designation, and seal.

( S ig n a tu re of a tte s tin g officer)

[ im press seal h ere ]
(Official d esig natio n)

D ated a t ------------

, th is

day o f __________

M y com m ission expires ........

, 19.

, 19........

I m p o r t a n t . — Do n te e u e t i i s r m n w t o t frtre d n t e i s r c i n on t e r v r e s d h r o . Exact
o x c t h s n t u e t i h u is a i g h n t u t o s
h e e s ie e e f
c m l a c with t e e i s r c i n w l a o d c m l c t o s
opine
h s n t u t o s il v i o p i a i n .

13

INSTRUCTIONS— READ CAREFULLY
1. A pow er o f a tto rn e y on th is fo rm m ay be executed as a u th o rity fo r the endorsement and collec­
tio n o f checks draw n on the T re a su re r o f the U n ite d States. T h is power o f attorn ey m ust name a
responsible ban king in s titu tio n o r tru s t company as a tto rne y, m ust be lim ite d in d u ra tio n to a specified
12 -m onth period, and m ust recite th a t i t is not given to c a rry in to effect an assignm ent to the attorn ey,
o r to any o ther person, o f the rig h t to receive the paym ents th e re in described.
2. I f the sign a tu re o f the g ra n to r is made by m ark, i t should be witnessed by a t least one person
w ho can 'w rite , o ther th an the acknow ledging officer, g iv in g his place o f residence in fu ll.
3 ( a ) . T h is pow er o f a tto rn e y should be acknowledged before a n o ta ry pu blic o r other officer a u th o r­
ized b y law to a d m in iste r oaths generally. I f in a fo re ig n co u ntry, the acknowledgm ent should be made
before a U n ite d States diplo m a tic o r consular representative. I f such an officer is not available, i t m ay be
acknowledged before a n o ta ry o r o th er officer authorized to a d m in ister oaths, b u t his official character and
ju ris d ic tio n m ust be ce rtifie d by a U n ite d States d ip lo m a tic o r consular officer, under the seal o f his office.
3 ( 6 ) . Seals o f a tte s tin g officers m ust alw ays be im pressed; provided, however, th a t w here acknow l­
edgments before a n o ta ry public, o r o ther officer authorized by law to a d m in iste r oaths, are not thus
authenticated by the official im pression seal o f such officer, the pow er should be accompanied by a c e rtifi­
cate fro m the proper officia l show ing th a t the officer was in comm ission on the date o f the acknowledg­
m ent. The date when the officer’s comm ission expires should appear in any event. I f a ce rtifica te is
fu rn ish e d , such ce rtifica te should show the dates o f the beginning and e xp ira tio n o f the officer’s com­
m ission, and such period o f comm ission should include the date o f acknowledgm ent o f the power.
3 ( c) . N o tw ith s ta n d in g the foregoing, persons subject to m ilita ry ju ris d ic tio n m ay acknowledge
powers o f a tto rn e y before officers specially designated fo r th a t purpose p ursu an t to law .
4. T h is pow er o f a tto rn e y is revoked by the death o f the g ra n to r and m ay also be revoked by notice
fro m the g ra n to r to the p a rtie s concerned. N otice o f revocation to the T re asu ry w ill not o rd in a rily serve
to revoke the power.
5. I f i t is desired th a t checks be m ailed to the a tto rn e y instead o f to the payee, fo rm a l notice o f change
in the post-office address, id e n tify in g the checks affected, should be fo rw ard ed to the a d m in is tra tiv e office
w hich authorized issuance o f the checks.
6. P owers of A ttorney N eed N ot B e F iled W ith th e T reasurer of t h e U nited S tates .

14

STANDARD FORM 234
A p r il 1963
S u p e rse d e s F o r m T U S 6571
T r e a s u r y D e p t. C irc. N o. 21
234-101

P O W E R O F A T T O R N E Y B Y A C O R P O R A T IO N F O R T H E C O L L E C T IO N O F C H E C K S
D R A W N O N T H E T R E A S U R E R O F T H E U N IT E D S T A T E S

itnoto all jftflett bp tbetfe $regente:
T h a t ............... ...... ............ ............ ............. —............. -.................... -_______

, a c o rp o ra tio n

( E x a c t n a m e o f c o rp o r a tio n )

d u ly o rg an ized and e x is tin g u n d e r and b y v irtu e o f th e law s o f

does he re by a p p o in t

.......................................

— ...........—

>

-

w ith its p rin c ip a l office a t

.............. —...... - .............. -...........

............... ........ ....................... .... ..................................... -— , whose post-office address

is ________
, as a tto rn e y to receive, endorse, and
co lle ct checks in its nam e, d ra w n on th e T re a s u re r o f th e U n ite d S tates, and to g iv e f u ll discharge
fo r same.
T he said c o rp o ra tio n he re by ra tifie s and co n firm s a ll th a t m ay la w fu lly be done b y v irtu e h e re o f.
I n W it n e s s W h e r e o f said c o rp o ra tio n has caused th is in s tru m e n t to be executed in its b e h a lf,
p u rs u a n t to a u th o rity o f its B o ard o f D ire c to rs , b y its .......

,
(Official t it le o f officer)

and its co rp o ra te seal to be he re u n to a ttached, a tte ste d b y its se c re ta ry o r a ss is ta n t se cre ta ry, th is
day o f ................................... .................., 19.........

[IMPRESS SEAL HERE]..................................................................
(N a m e o f c o rp o r a tio n )

A tte s t:

B y ....................
(O fficial s i g n a t u r e o f officer)

Secretary.

(O fficial t it le o f officer)

........................
—
................—.-..........
Personally appeared before me the above-named
known or proved to me to be the same person who executed the foregoing instrument and to be the
( T it l e o f officer)

—

»

-

--------------- ------- of-----------

(N a m e o f c o rp o r a tio n )

and acknowledged to me that he executed the same as his free act and deed and the free act and deed
of said corporation.
W itn e ss

my signature, official designation, and seal.

[IM PRESS SEAL HERE]

( S ig n a t u r e o f a t t e s t i n g officer)

(Official d e s ig n a tio n )

Dated a t .................................................

,t h i s ____ ____day o f ---- -------------My commission expires

, 19.
, 19.

IMPORTANT.—Do not execute this instrument without first reading the instructions on the reverse side hereof.
Exact compliance with these instructions will avoid complications.

15

I N S T R U C T I O N S R E G A R D I N G SF 234— R E A D C A R E F U L L Y

1. A gen era l p o w e r o f a tto rn e y on th is fo rm m a y be executed b y a c o rp o ra tio n to c o n fe r a u th o rity
to endorse and co lle ct checks d ra w n on th e T re a s u re r o f th e U n ite d S tates, in p a ym e n t o f p rin c ip a l
o r in te re s t on p u b lic debt o b lig a tio n s o r o b lig a tio n s guara nte ed b y th e U n ite d S tates, ta x re fu n d s , and
paym ents fo r goods and services.
2. I f i t is desired th a t checks be m a ile d to th e a tto rn e y instea d o f to th e payee, fo rm a l n otice
o f change in post-office address, id e n tify in g th e checks affected, should be fo rw a rd e d to th e d ra w e r.
3. T h is po w e r m u s t be acknow ledged b y th e g ra n to r b e fo re a n o ta ry p u b lic o r o th e r officer
a u th o rize d b y la w to a d m in is te r oaths g e n e ra lly.
4. I f in a fo re ig n c o u n try , th e a ckn ow le dg m e nt should be made b e fo re a U n ite d S tates d ip lo ­
m a tic o r co n su la r re p re se n ta tive . I f such an o ffice r is n o t a va ila b le , i t m ay be acknow ledged be fo re
a n o ta ry p u b lic o r o th e r o ffice r a u th o rize d to a d m in is te r oaths, b u t h is o ffic ia l c h a ra c te r and ju r is d ic ­
tio n m u s t be c e rtifie d b y a U n ite d S tates d ip lo m a tic o r co n su la r office r, u n d e r th e seal o f h is office.
5. Seals o f a tte s tin g officers m u s t a lw a ys be im p re s s e d ; p ro v id e d , h ow ever, th a t w he re a ckn o w l­
edgm ents b e fo re a n o ta ry p u b lic , o r o th e r o ffice r a u th o rize d b y la w to a d m in is te r oaths, are n o t th u s
a u th e n tic a te d b y th e o ffic ia l im p re ssio n seal o f such officer, th e p o w e r should be accom panied b y a
c e rtific a te fro m th e p ro p e r o ffic ia l sh o w in g th a t th e o ffice r w as in com m ission on th e date o f the
ackno w le d gm e nt. T he date w hen th e o ffic e r’s com m ission e xp ire s should app ea r in a n y event. I f
a c e rtific a te is fu rn is h e d , such c e rtific a te should show th e dates o f th e b e g in n in g and e x p ira tio n o f
th e o ffic e r’s com m ission, and such p e rio d o f com m ission should inclu d e th e date o f ackn ow led gm e nt
o f th e p ow er.
6 . T h is p o w e r o f a tto rn e y m ay be revoked b y no tice fro m th e g ra n to r to th e p a rtie s concerned.
N o tic e o f re vo c a tio n to th e T re a s u ry w ill n o t o rd in a rily serve to revoke th e pow er.

7. T he a u th o rity o f th e o ffice r o f th e c o rp o ra tio n to a ct in its b e h a lf should be show n b y a p p ro ­
p ria te re s o lu tio n o f th e g o v e rn in g body o f th e c o rp o ra tio n , p re fe ra b ly u s in g th e fo rm atta che d hereto.
8 . P O W E R S O F A T T O R N E Y N E E D N O T B E F IL E D W IT H T H E T R E A S U R E R O F T H E
U N IT E D S T A T E S .

16

STANDARD FORM 235
April 1963
Supersede* Form TUS 6572
Treasury Dept. Cire. No. 21
235-101

RESOLUTION BY CORPORATION CONFERRING AUTHORITY UPON AN OFFICER TO
EXECUTE A POWER OF ATTORNEY FOR THE COLLECTION OF CHECKS
DRAWN ON THE TREASURER OF THE UNITED STATES

R esolved , T h a t ................................ ............................................................ ........... ............................, does hereby
( E x a c t c o r p o r a te n a m e )

nam e __ ____ _________ ____ __ _______________, as attorney, w ith power o f substitution, to receive,
_
( N a m e o f a tt o r n e y )

endorse, and collect fo r and in behalf o f the corporation any check draw n on the T reasurer of
the U nited States and to give full discharge th erefor; and further, t h a t

____ ___________________
( N a m e a n d t i t l e o f officer)

be, and is hereby authorized and em powered to execute, in behalf o f said corporation, a power o f a t­
torney appointing the s a i d

_______________

as such

attorney for the purpose above

(N a m e of a tt o r n e y )

expressed.
The said corporation hereby ratifies and confirms all that m ay law fully be done by virtue hereof.
1

hereby certify

—-------

that the foregoing is a true and correct copy of a resolution passed at a
m eeting o f the Board o f

, the governing body

( R e g u la r o r s p e cia l)

of -

a corporation duly organized and
(E x a c t co rp o ra te nam e)

ex istin g under and by virtue o f the law s o f
o f -— ..............

..,_19____ , a t

..............................

, held on t h e .............................. day

____________________________________

A n d I f u r t h e r c e r t i f y th a t due n o tice o f said m e e tin g w as g ive n to each m em ber o f said
B o a rd ; th a t a q u o ru m was p re s e n t; and th a t said re s o lu tio n has n o t been amended o r repealed.

W it n e ss m y sign ature and the seal o f said corporation, t h i s
o f __________

[ im press

_______

day

,_19____

corporate seal here ]

........... ............. ......................................................... ..........
(Official s ig n a t u r e o f officer)

(O fficial t i t l e of officer)

IMPORTANT.—Do not execute this instrument without first reading the instructions on the reverse side hereof.
Exact compliance with these instructions will avoid complications.

17

IN S T R U C T I O N S R E G A R D I N G SF 235— R E A D C A R E F U L L Y

1. This form should be used only when authority is given to an officer of the corporation to
execute a power of attorney authorizing a third person to endorse and collect checks drawn on the
Treasurer of the United States in the name of the corporation.
2. This resolution should accompany a power of attorney on SF 234, executed by the officer
authorized herein to execute such a power.
3. Certification should be made by the secretary or assistant secretary, or such other officer as
may be custodian of the corporate seal and records. If the resolution confers power upon the same
officer who certifies thereto, another officer not therein authorized should join in the certification.
4. The corporate seal should always be impressed. If the corporation has no seal, a statement to
that effect should be inserted in the certificate, and the certificate should be sworn to before a notary
public or other officer authorized by law to administer oaths generally, and unless authenticated by
the official impression seal of such officer should be accompanied by a certificate from the proper
official showing that the officer was in commission on the date of the acknowledgment. The date
when the officer’s commission expires should appear in any event. If a certificate is furnished, such
certificate should show the dates of the beginning and expiration of the officer’s commission, and
such period of commission should include the date of acknowledgment of the affidavit. Affidavits
sworn to before a judge or clerk of court and bearing the seal of the court need not be accompanied
by any further certification.

18

S ta n d a r d F o rm 236
( A p r il 1963)
S u p e rse d e s F o r m 6573
T r e a s u r y D e p t. C irc . N o . 21
236-101

P O W E R O F A T T O R N E Y B Y A C O R P O R A T IO N F O R T H E C O L L E C T IO N O F A S P E C IF IE D
C H E C K D R A W N O N T H E T R E A S U R E R OF T H E U N IT E D S T A T E S

SCnoui a ll fflsn by ttjeae P resen ts:
That______________

- ____

a corporation

( E x a c t n a m e o f c o rp o r a tio n )

duly organized and existing under and by virtue of the laws o f
with its principal office a t

,

____________________

does hereby appoint
is _____________

,

-...................................

_______

-----

.______
___ ___ __ .., whose post-office address

.____

, as attorney to receive, endorse, and collect

check N o ._______________

dated .....

., 19.....

for ..........

dollars

drawn on the Treasurer of the United States, b y ---------- -------- ---- ---------------- --------------------------symbol N o .______________
., in favor o f
______ ___ __________ ___________________ __
and to give full discharge for same.
The said corporation hereby ratifies and confirms all that may lawfully be done by virtue hereof
In W it n e s s W h e r e o f said corporation has caused this instrument to be executed in its behalf
pursuant to authority of its Board of Directors, by its . ----- ------ ------------ --------------------------------(Official t itle o f officer)

and its corporate seal to be hereunto attached, attested by its secretary or assistant secretary
this .........................dayo f ____________________________ , 19
[IMPRESS SEAL HERE]

________________
(N a m e o f c o r p o r a t io n )

A ttest:

B y ___________
(Official s ig n a t u r e o f officer)

Secretary.

(Official t itle o f officer)

(N am e)

( A d d re ss)

(N am e)

Two
witnesses

(A d d re ss )

Personally appeared before me the above-named ----------- ----- ------ -------- ---------------------- --- known or proved to me tobe the same person whoexecutedthe foregoing instrument
and tobe the
------------------------------------------------ of ----------

,

( T itle o f officer)

(N a m e o f c o rp o r a tio n )

and acknowledged to me that he executed the sameashis free act and deed and
of said corporation.
W it n e s s m y signature, official designation, and seal.
[IMPRESS SEAL HERE]

thefree act anddeed

( S ig n a t u r e o f a t t e s t i n g officer)

(O fficial d e s ig n a tio n )

Dated a t ______________________________, th is ___ _____day o f .................
My commission expires____________________

...., 19.
.., 19.

IMPORTANT.—Do not execute this instrument without first reading the instructions on the reverse side hereof.
Exact compliance with these instructions will avoid complications.
19

IN ST R U C T IO N S R E G A R D IN G SF 236—R E A D C A R EFU LLY

1. This form may be used by a corporation to execute a power of attorney to cover a specific
check, after such check is issued,, for any class of payment.
2. This power should be executed by the grantor in the presence of two attesting witnesses,
and should be acknowledged before a notary public or other officer authorized by law to take
acknowledgments of deeds. If in a foreign country, the acknowledgment should be made before a
United States diplomatic or consular representative. If such an officer is not available, it may be
acknowledged before a notary or other officer authorized to administer oaths, but his official charac­
ter and jurisdiction must be certified by a United States diplomatic or consular officer, under the
seal of his office.
3. Seals of attesting officers must always be impressed; provided, however, that where acknowl­
edgments before a notary public, or other officer authorized by law to take acknowledgments of
deeds, are not thus authenticated by the official impression seal of such officer, the power should be
accompanied by a certificate from the proper official showing that the officer was in commission on
the date of the acknowledgment. The date when the officer’s commission expires should appear in
any event. If a certificate is furnished, such certificate should show the dates of the beginning and
expiration of the officer’s commission, and such period of commission should include the date of
acknowledgment of the power.
4. This power of attorney may be revoked by notice from the grantor to the parties concerned.
Notice of revocation to the Treasury will not ordinarily serve to revoke the power.
5. The authority of the officer of the corporation to act in its behalf should be shown by appro­
priate resolution of the governing body of the corporation, preferably using the form attached hereto.
6. POWERS OF ATTORNEY NEED NOT BE FILED WITH THE TREASURER OF THE
UNITED STATES.

20

J

Standard Form 237
(A p ril 1963)
S u p erse d e s F o rm 6574
T r e a s u r y D ep t. C irc. N o. 21
237-101

R E S O L U T IO N B Y C O R P O R A T IO N C O N F E R R IN G A U T H O R IT Y U PO N A N O F F IC E R TO
E X E C U T E A P O W E R OF A T T O R N E Y FO R T H E C O L L E C T IO N OF C H E C K S
D R A W N O N T H E T R E A S U R E R OF T H E U N IT E D S TA T E S

Resolved, T hat

____

, does hereby
( E x a c t c o rp o r a te n a m e )

name______ _______ ___________ ________ , as attorney, to receive, endorse, and collect for and in
(N a m e o f a tto r n e y )

behalf of the corporation any check drawn on the Treasurer of the United States and to give full dis­
charge therefor; and further, th a t_______________ _________ _________ __________________ ___
(N a m e a n d t itle o f officer)

be, and is hereby authorized and empowered to execute, in behalf of said corporation, a power of
attorney appointing the sa id

,assuch

attorney for the purpose

(N a m e o f a tto r n e y )

above expressed.

The said corporation hereby ratifies and confirms all that may lawfully be done by virtue hereof.
I h ere b y c e r t i f y that the foregoing is a true and correct copy of a resolution passed at a

-------------------------------- meeting of the Board of

__ ______________________, the governing body

( R e g u la r o r special)

o f ------------------------------------------------------ , a corporation duly organized and existing under and by
( E x a c t c o rp o ra te n a m e )

held on t h e .......... d ay of
.

virtue of the laws o f ___________________________________

A nd I further

certify

-—

.

----------------------------- --------— , 19___ , a t ......... ...................................................

that due notice of said m eeting was given to each member of said B oard;

that a quorum was p resen t; and that said resolution has not been amended or repealed.
W itn ess m y signature and the seal of said corporation, t h i s _______
of

day

, 19____

(Official s ig n a tu re o f officer)

[IMPRESS CORPORATE SEAL HERE]

(Official t itle o f officer)

IMPORTANT.— Do not execute this instrument without first reading the instructions on the reverse side hereof.
Exact compliance with these instructions will avoid complications.

21

IN ST R U C T IO N S R E G A R D IN G SF 237—R E A D C AR EFU LLY

1. This form should be used only when authority is given to an officer of the corporation to
execute a power of attorney authorizing a third person to endorse and collect checks drawn on the
Treasurer of the United States in the name of the corporation.
2. This resolution should accompany a power of attorney on SF 236, executed by the officer
authorized herein to execute such power.
3. Certification should be made by the secretary or assistant secretary, or such other officer as
may be custodian of the corporate seal and records. If the resolution confers power upon the same
officer who certifies thereto, another officer not therein authorized should join in the certification.
4. The corporate seal should always be impressed. If the corporation has no seal, a statement
to that effect should be inserted in the certificate, and the certificate should be sworn to before a
notary public or other officer authorized by law to administer oaths generally, and unless authenti­
cated by the official impression seal of such officer should be accompanied by a certificate from the
proper official showing that the officer was in commission on the date of acknowledgment. The
date when the officer’s commission expires should appear in any event. If a certificate is furnished,
such certificate should show the dates of the beginning and expiration of the officer’s commission,
and such period of commission should include the date of acknowledgment of the affidavit. Affidavits
sworn to before a j udge or clerk of court and bearing the seal of the court need not be accompanied
by any further certification.

22
U.S. GOVERNMENT PRINTING OFFICE ; 1967— 0 - 2 7 9 - 2 5 4


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102