From: firstname.lastname@example.org [mailto:email@example.com] On Behalf Of Etheridge, Richard
Sent: Tuesday, February 15, 2011 7:49 AM
Subject: [PPC-News] Direct Deposit payments are not posted prior to thescheduled pay date
Modernization of Treasury Department payment systems ensures “on time, every time” payment delivery.
The Department of Treasury's Financial Management Service (FMS) Kansas City <
> Provides Payment, Collections and Financial Reporting services to the U. S. Coast Guard. FMS has recently undertaken a number of modernization efforts. One of these efforts is called Payment Application Modernization <
> (PAM) which will help FMS process agency payment requests in a more efficient and cost effective manner.
What does this mean for Coast Guard members? Effective with 15 February pay day, FMS Kansas City will not release payments to the Federal Reserve Bank until the evening prior to pay day. This means that most banks will not have your payment posted until the morning of the actual pay day and some of the smaller banks and credit unions may not have monies posted until later in the day.
Posted By U.S. Coast Guard PPC, Topeka to U.S. Coast Guard Pay and Personnel Center <
> at 2/14/2011 03:37:00 PM