The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
federal reserve Bank o f Dallas DALLAS. TEX AS 75222 Circular No. 77-104 September 12, 1977 V E T E R A N S A D M IN IS T R A T IO N BE NE FITS D IR E C T D EPO SIT PROGRAM U P D A TE SHEET T O A L L F IN A N C IA L O R G A N IZA TIO N S IN THE E LE VE N TH FE D E R A L RESERVE D IS T R IC T : P rin te d on the fo llo w in g pages is a copy of the V e te r a n s A d m in is tra tio n Benefits D ir e c t Deposit P ro g ram Update Sheet. V e te r a n s A d m in is tra tio n paym ents a r e paid m onthly on the f i r s t d a y of the month. H o w e v e r , if the f i r s t of the month is on a S u n d a y o r h o lid a y , the p a y ment w i ll be dated on the fo llo w in g business d ay w h ic h may in c lu d e S a tu r d a y . Payments w i ll be consolidated in the same output file w ith S S I, C iv il S e r v ic e , and R a ilro a d R e tire m e n t paym ents and w i ll be d e liv e r e d to y o u r fina n c ia l o r g a n iz a tion or proc es s in g c e n te r by the business d a y p r i o r to the pa ym e n t date. Funds w i ll be c re d ite d on the p aym ent d a te . If the paym ent date is a S a t u r d a y , fund s w i ll be c r e d ite d on the n e x t business d a y . T h e f i r s t liv e paym e n t w ill be fo r w a r d e d to y o u r office p r i o r to the O ctober 1 pa ym e n t date. If you have a n y questions c o n c e rn in g this m a tte r, please feel fre e to call B . B . Sessions at this B a n k , E x t. 61 84, o r the ACH re p r e s e n ta tiv e at o u r El Paso, Houston, or San A ntonio B r a n c h . S in c e r e ly y o u r s , R obert H . B o y k in F i r s t V ic e P re s id e n t Banks and others are encouraged to use the following incoming W A T S numbers in contacting this Bank: 1-8 00 -492 -440 3 (intrastate) and 1-8 00 -5 2 7 -4 9 7 0 (interstate). For calls placed locally, please use 651 plus the extention referred to above. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) V E T E R A N S A D M IN IS T R A T IO N B E N E FITS EFT PAYMENTS PRO CEDURAL UPDATE SHEET P aym ent C y cle V e te ra n s A d m in is tr a tio n Payments a r e paid m onthly on the f i r s t d a y of the month. H o w e v e r , if the f i r s t of the month is a S unda y or h o lid a y , the paym ent w i l l be dated the fo llo w in g business d a y w h ic h may includ e S a tu r d a y . Payments w i ll be consolidated in the same output file w ith S S I, C i v il S e r v ic e , and R a ilroa d R e tire m e n t payments and be d e liv e r e d to y o u r fina n c ia l o rg a n iz a tio n or processing c e n te r by the business d ay p r i o r to the p aym ent date. Funds w ill be c r e d ite d on the paym ent date. If the paym ent date is a S a t u r d a y , funds w ill be c r e d ite d on the n e x t business d a y . Id e n tifica tio n of V e te ra n s A d m in is tra tio n Payments V e te r a n s A d m in is tr a tio n Payments w i ll contain "V A B E N E FIT" in the company e n tr y d e s c rip tio n in the batch h e a d e r re cord or on the p a p e r e n tr y r e g is t e r . T y p e s of payments e lig ib le in this c a te g o ry a r e V A pensio n , V A com pensation, o r V A e m e rg e n c y o ffic e r re tir e m e n t paym e n t. No oth e r types of V A pay w i ll be in cluded in the d ir e c t deposit system at this tim e. T h e Com pany Ide ntifica tion fie ld in the batch h e ad e r w ill contain a "3114936002" w h ic h is a u n iq u e n u m b e r fo r V e te ra n s A d m in is tra tio n Paym ents. T h is n u m b e r w i ll also a p p e a r on the e n t r y r e g is t e r . T h e f i r s t e ig h t d ig its of the tra c e n u m b e r for all V e te r a n s paym ents w ill be "11493600." T h e In d iv id u a l Id e n tifica tio n in the e n tr y d e ta il record fo r V e te ra n s A d m in is tra tio n Payments is the claim n u m b e r w h ic h is form atted as follows: V A F ile (C la im ) Number 8 o r 9 d ig its - hy phe nated x x - x x x - x x x or x x x - x x - x x x Payee N um ber 2 d ig its (n u m e ric ) N o n -R e c e ip t Claims Recipients cla im in g n o n - r e c e ip t of payments a re to a ddres s a claim let te r to the V e te r a n s A d m in is tr a tio n Regional Office h a v in g ju r is d ic tio n o v e r the cu stom er's r e c o r d s . - 2 - A suggested form at is contained in the T r e a s u r y 's T ra n s m itta l Letter No. 4, dated J u ly 14, 1977, w h ic h com prises Section V II of the G ree n Book. Claim letters must be cosigned b y the person c la im in g n o n - r e c e ip t and the fin a n c ia l o r g a n iz a tio n . T h e le tte r must contain: a. b. c. d. e. f. g. Name of r e c ip ie n t. Claim n u m b e r , in c lu d in g the payee n u m b e r . Date of p aym ent. Name and a ddres s of fin a n c ia l o rg a n iza tio n . Routing n u m b e r of fin a n c ia l o rg a n iz a tio n . Depositor account n u m b e r , in c lu d in g ty p e of account. M a ilin g a d d res s of r e c ip ie n t. DO N O T USE th e S S A -7 35 form used fo r the Social S e c u r ity p r o g r a m . R e tu r n Item P rocedures R e tu rn items should be com pleted, using the pro c e d u re 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 com bined w ith Social S e c u r ity and o th e r g o v e rn m e n t pa ym e n t r e tu r n s .