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federal R e se r v e Ba n k DALLAS, TEXA S of Dallas 75222 C irc u la r No. 79-55 March 22, 1979 VETERANS A D M IN ISTR A TIO N EFT SALARY PAYMENTS Procedural Update TO TH E FIN A N C IA L ORGANIZATION ADDRESSED IN THE ELEVENTH FEDERAL RESERVE D IS T R IC T: For yo u r inform ation, th e re is p rin te d on the re v e rs e the Veterans A d m inistration ( V . A . ) Salaries d ire c t deposit program update. T h e fir s t V . A . sa la ry payments w ill be received b y yo u r financial organization on A p ril 4, 1979, w ith a settlem ent date o f A p ril 5. These fir s t entries w ill be prenotes o n ly . V . A . sa la ry payments w ill be paid b iw e ekly on T u esd ays. However if the scheduled payday is a h o lid a y , the paym ent w ill be dated the previous M onday. Payments w ill be d e liv e re d to y o u r financial organization o r p ro cessing center by the business day p r io r to the payment date. Funds w ill be cre d ited on the paym ent date. If you have any questions, please contact Don Jackson a t this B ank, E x t. 6123; H en ry Juenke at the San Antonio B ran ch , (512) 224-2141; John Bullock a t the Houston B ran ch , (713) 659-4433; o r L a rry Wilson at the El Paso B ra n c h , (915) 544-4730. S in ce re ly y o u rs , Robert H . Boykin F irs t V ice President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Banks and others are encouraged to use the follow ing incoming W A T S numbers in contacting this Bank: 1-8 0 0 -4 9 2 -4 4 0 3 (intrastate) and 1 -8 00 -527 -49 70 (interstate). For calls placed locally, please use 651 plus the extension referred to above. Veterans Administration EFT Salary Payments Procedural Update Sheet Payment Cycle VA payments are paid bi-weekly on Tuesdays. However, if the scheduled payday is a holiday, the payment will be dated the previous Monday. Payments will generally be on a separate file in accordance with local policy, and will be delivered to your financial organization or processing center by the business day prior to the payment date. Funds will be credited on the payment date. Identification of VA Payments VA payments are one of the many Federal Salaries programs and therefore will contain "FED SALARY" in the company entry description in the batch header record (for magnetic tape recipients) or on the paper entry register. The company identification field in the batch header will contain a "3111036014." This number will also appear on the paper entry register. The first eight digits of the trace number for VA payments will be "11103601 The individual identification in the entry detail record for VA payments is the individual's social security number or employee ID. This number will be left-justified, blank-filled. Non-Receipt of Payments Recipients claiming non-receipt should contact their payroll office. Return Item Procedures Return items should be completed using the procedures in place for other government EFT programs. Returns may be combined with Social Security and other government returns. Instructions for returning EFT payments are in Section 4 of the Green Book. It is critical that the discretionary data field be completed on the preauthorized return item credit form. This information is used by the Treasury disbursing centers to identify the program agency to which the payment is to be returned. Additional information on this program is available in the "Financial Organization Procedures for Federal Salary Payments" sent to you by the Treasury on March 14, 1979. Return item procedures for the April prenotes were included in the pro cedures that were sent to you by the Treasury on March 14, 1979. Additional instructions on the prenote procedures were sent to you by the Veterans Administration on March 20,1979.