Treasury Review

Question 1

Part ___________ of Title 31 of the Code of Federal Regulations provides the basis for most of the information contained in the Green Book

Answer 1

210

Question 2

Form numbers _______________ may be used to enroll a consumer in Direct Deposit of Social Security benefits?

Answer 2

SF 1199A and SF 1200

Question 3

What Form can the Federal Government use to enroll vendors in the FEDI program?

Answer 3

SF 3881

Question 4

Form _____________ is used for reclamations

Answer 4

SF 133

Question 5

Form ______________ is used for reclamation follow-ups

Answer 5

Fiscal Service 2942

Question 6

The Federal Government uses _____________ when tracing a lost Federal Government Payment

Answer 6

Trace-Pay

Question 7

The Federal Government uses FORM _____________ when tracing a lost Federal Government Payment

Answer 7

Fiscal Service 150.1

Question 8

________ is the master list of financial institutions that receive Federal Government ACH payments

Answer 8

FOMF - Financial Organization Master File

Question 9

Which of the following is not included in the addenda record of a Death Notification Entry (DNE)?

a. Date of Death
b. Social Security Number
c. Date of Enrollment
d. Amount of Payment

Answer 9

C - Date of Enrollment

Question 10

Which of the following Federal Government payments is not subject to Reclamation?

a. Social Security Benefit
b. Veterans Benefit
c. Supplemental Security Income
d. IRS Tax Refund

Answer 10

D - IRS Tax Refund

Question 11

How long does a Federal Government agency have to initiate a Notice of Reclamation?

Answer 11

120 days after receiving notification of death

Question 12

What is the timeframe for response to a Notice of Reclamation?

Answer 12

60 days

Question 13

For which of the following reasons can a Notification of Change not be done for a Federal Government benefit payment?

a. Change a Transaction Code
b. Change an account number
c. Correct an account number
d. Change name of beneficiary

Answer 13

D - Change name of beneficiary

Question 14

A government agency benefit payments that is exempt from the Garnishment Rules will have ________ encoded in Positions 54 and 55 of the “Company Entry Description” Field of the Batch Header Record.

Answer 14

“XXX”

Question 15

A Federal Tax Refund comes into your FI and shows up on your exception list because the savings account number is 232425 and there is no such savings account number. You should

a. Research and manually post the Entry
b. Research, manually post the Entry and send a NOC
c. Return the Entry R04
d. Look at the name on the Entry and cut them a check

Answer 15

C - Return the entry R04