1. Can my financial institution continue to enter deposit information into the CA$HLINK II system?
No. Effective Monday, December 31, 2012 at 9:00 p.m. ET, the capability to enter deposit information into the CA$HLINK II system was removed. Financial institutions must now use OTCnet to enter over-the-counter deposit reports.
2. Can federal agency Fedwire and ACH credit transactions settle through a commercial bank?
Agency Fedwire and ACH credit transactions previously entered in CA$HLINK II as TGA deposits must settle directly in Treasury through the Credit Gateway and not through a commercial bank. Please contact the FMS Credit Gateway Program Manager, Randolph Maxwell, at (202) 874-3720 or email email@example.com to transition these to Credit Gateway.
3. How will my agency be able to view its historical collections data?
By January 14, 2013, CA$HLINK II historical data as of October 1, 2004 will be available in the Collections Information Repository (CIR, formerly TRS). At any given time, CIR will store historical data for seven complete fiscal years, with litigation-related data being stored indefinitely. The historical data includes Fedwire and REX/ACH details that were in CA$HLINK II prior to the Credit Gateway implementation on September 13, 2010.
4. How will cash concentration take place after CA$HLINK II is shut down?
Treasury Cash Management System (TCMS) has assumed cash concentration functionality for all deposits reported/processed through Treasury after Friday, January 4, 2013 at 9:15PM ET. Financial institutions must now use the Federal Reserve Bank’s National Settlement Service (NSS) for all transfers in place of CA$HLINK II’s ACH and Fedwires. For more information on TCMS, please contact:
TCMS Customer Service
(855) 677-TCMS (8267)
5. How will my financial institution report monthly expenses incurred while providing depositary services to support the Treasury's General Account (TGA) program?
Customer Accounts Receivable System/Bank Management Service (CARS/BMS) will be used by financial institutions to report monthly expenses incurred while providing depositary services to support the Treasury's General Account (TGA) program. Effective Friday, February 1, with the reporting of January 2013 expenses, financial institutions must use CARS/BMS to report expenses.
January 25, 2013