Electronic Treasury Payment Processing: Green Book Update

Recorded: March 14, 2023
Presented by: Mark Dever, AAP, CAMS, Director, Forvis Mazars, LLP

A two-hour webinar to update members of the operations, retail, and internal audit staffs on Treasury’s ACH processing guide – Green Book. With the rewrite to 31 CFR 210 in April 1999, Treasury adopted, with exclusions, the NACHA Rules as the basis for most federal ACH processing. Periodically, the Financial Management Service within the Bureau of Fiscal Service at Treasury updates the Green Book. This webinar will discuss the late 2021/early 2022 updates to the Green Book along with the current structure of the guide.

Here’s What You Will Learn:
• Discuss the “inclusions” in the Green Book
• Discuss the 2022 changes to 31 CFR 210
• Understand the reclamation process for federal benefit payments
• Highlight “how” to enroll a client to convert from paper-check to electronic disbursement of their federal benefit payments
• Allow questions from participants

In 2021, Treasury originated 1.972 billion ACH Entries, with a dollar value of over $8.115 trillion (+ $1.9 trillion increase over total 2020 disbursements – 2022 volumes have not been published yet). This two-hour webinar will provide the operations and retail staffs with the latest guidance on the proper processing and handling of the federal Entries.