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Federal reserve Bank of Dallas
DALLAS, TEXAS

75222

C i r c u l a r No. 78-36
A pril 3, 1978

NAVY RETIREMENT BENEFITS EFT PAYMENTS
PROCEDURAL UPDATE SHEET

TO ALL FINANCIAL ORGANIZATIONS IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
P r in te d on the following p a g e s is a copy of the Navy R etirem ent Benefits
EFT Payment P r o c e d u ra l Update She e t.
Navy R etire m e n t Paym ents a r e paid monthly on th e th ir tie th (30) of each
month. H o w ev e r, if the th ir tie th is a S a t u r d a y , S u n d a y , o r h o lid a y , the paym ent
will be d a te d the following b u s i n e s s d a y . Paym ents will g e n e r a l l y be on a s e p a r a t e
file, a nd will b e d e l i v e r e d to y o u r financial o rg a n iz a tio n o r p r o c e s s i n g c e n t e r by
th e b u s i n e s s da y p r i o r to th e p a y m e n t d a te .
T h e f i r s t pa ym e nt d a te will b e May 1, 1978, a n d will b e p re n o te s o n l y .
If you h a v e a n y q u e s ti o n s c o n c e r n i n g th is m a tte r, p le a s e feel fr e e to call
Don J a c k s o n a t th is Bank (Ext. 6342); Carol C a r s t e n s e n a t the El Paso B ra nch (915­
544-4730); Jo h n Bullock a t the Houston B ra n ch (713-659-4433); a n d H enry J u e n k e
a t th e San Antonio B ra n ch (512-224-2141) .
S in c e re ly y o u r s ,
R obert H . Boykin
F i r s t Vice P r e s id e n t

Banks and others are encouraged to use the following incoming W A T S numbers in contacting this Bank:
1-800 -492 -440 3 (intrastate) and 1-8 00 -527 -497 0 (interstate). For calls placed locally, please use 651 plus
the extension referred to above.

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

NAVY RETIREMENT BENEFITS EFT PAYMENTS
PROCEDURAL UPDATE SHEET

P aym ent Cycle
Navy R etirem ent Paym ents a r e p a id monthly on th e th ir t i e t h (30) of each
month. H o w ev e r, If th e th ir tie th of the month is a S a t u r d a y , S u n d a y , o r h o lid a y , the
paym ent will be d a te d the following b u s i n e s s d a y . Paym ents will g e n e r a l l y b e on a
s e p a r a t e file in a c c o r d a n c e w ith local p o lic y , a n d will b e d e liv e r e d to y o u r financial
o rg a n iz a tio n o r p r o c e s s i n g c e n t e r b y th e b u s i n e s s d a y p r i o r to the paym ent d a te .
F u n d s will b e c r e d i t e d on the pa ym e nt d a te .
Identification of Navy Paym ents
Navy p a y m e n ts will contain "NAVY RET" in th e company e n t r y d e s c rip t io n
in th e ba tc h h e a d e r r e c o r d (for magnetic ta p e r e c ip ie n ts ) o r on the p a p e r e n t r y r e g i s -

T h e company identification field in th e b atch h e a d e r will contain a
"3041036004" w hich is a u n i q u e n u m b e r for Navy p a y m e n ts. T h i s n u m b e r will also
a p p e a r on the e n t r y r e g i s t e r .
T h e f i r s t e ig h t d ig its of th e t r a c e n u m b e r of Navy p a y m e n ts will be
"04103600."
T h e individual identification in the e n t r y detail r e c o r d for Navy pa y m e n ts
is th e social s e c u r i t y n u m b e r , w hic h is formatted with the n u m b e r s b e in g left justifie d
as follows:
123456789
N on -R e ce ip t of Paym ents
R ec ip ie n ts cla im ing n o n - r e c e i p t sh o u ld a d d r e s s th e i r claims to:
Navy Finance C e n te r
Attn: ABA
1240 East Ninth S tr e e t
C le v e la n d , Ohio 44119
A s u g g e s t e d format for th e claim le tte r is contain ed in the T r e a s u r y ' s latest
r e l e a s e of the r e v i s e d G reen Book, da te d November 1977.

- 2 Return Item Procedures
R etu rn Items should be completed u s in g the p r o c e d u r e s in place for the
Social S e c u r ity p r o g r a m s . R e tu rn s may be combined with Social S e c u r ity a n d o th e r
paym ent r e t u r n s .
It is im portant th a t the f i r s t e n t r i e s , w hic h will b e p r e n o t e s , a r e c a r e f u lly
c h e c k e d to i n s u r e th a t the e n t r y information is c o r r e c t a n d th a t f u tu r e d o lla r e n trie s
will be a b le to b e p o s te d . In the e v e n t th at a n y information is in c o r r e c t , a n d the o r i g ­
inal SF 1199A w as c o r r e c t , r e t u r n a photocopy of the o rig in a l SF 1199A to the p ro g r a m
a g e n c y . In the e v e n t th a t the SF 1199A is in c o r r e c t , e x e c u te a r e v i s e d SF 1199A a nd
r e t u r n it to the p r o g r a m a g e n c y . T h e s e a ctions will w o rk to i n s u r e th a t t h e r e is no
d i s r u p t i o n of p a y m e n ts to y o u r c u s to m e r s .

NAVY DISTRIBUTION DEADLINES
Month
A pril
May
June
July
August
Se p te m b e r
O ctober
November
December

Payday
May 1 (Monday)
May 30 (T uesday)
J u n e 30 (F riday)
J u l y 31 (Monday)
A u g u s t 30 (Wednesday)
O ctober 2 (Monday)
O ctober 30 (Monday)
November 30 ( T h u rs d a y )
J a n u a r y 2 (T uesday)

O rig in a tin g Fed
April 24 (Monday)
May 22 (Monday)
J u n e 23 (Friday)
J u l y 24 (Monday)
A u g u s t 23 (Wednesday)
S e p te m b e r 25 (Monday)
O ctober 23 (Monday)
November 22 (Wednesday)
D ecember 22 (Friday)

RFI
April 28 (Friday)
May 26 (F riday )
J u n e 29 (T h u r s d a y )
J u l y 28 (F riday)
A ug ust 29 (T uesday)
S e p te m b e r 29 (Friday)
O ctober 27 (Friday)
November 29 (Wednesday)
December 29 (Friday)

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