Procedures for Stamp Distribution Offices, Stamp Services Centers, and Users of the Stamp Services System for Revaluating Breast Cancer Research Semipostal Stamps

Breast Cancer Research Semipostal Stamp Items Affected (Increase)

The value of the Breast Cancer Research semipostal stamp will increase from 45 cents to 55 cents, effective May 14, 2007. The master inventories of stamp services system (SSS) will be updated automatically by Stamp Distribution Headquarters to reflect the new selling price starting at 9:00 a.m. Eastern Time (ET) on May 14, 2007.

• To facilitate this update and to eliminate in-transit shipments, stamp distribution offices (SDOs) and stamp services centers (SSCs) must not process PS Form 17, Stamp Requisition/Stamp Return, for the Breast Cancer Research semi­postal stamp before 9:00 a.m. ET, from May 5 through May 14, 2007.

Additionally, SDOs and SSCs must not logon to the SSS program before 9:00 a.m. ET or after close of business, from May 12 through May 14, 2007.

When the inventory system is updated, the closing balance on PS Form 3958, Unit Reserve Stamp Stock Transaction Record, for the date of May 12 will not match the opening balance on May 14, 2007. The difference should equal the total revaluation amount.

Stamp distribution supervisors at all facilities processing the Breast Cancer Research semipostal stamp should perform the following on May 12 or on their last day of business prior to May 14, 2007.

• Total the quantities of Breast Cancer Research semipostal stamps in inventory.
• Multiply by the increase amount (see chart above).
• Enter the results on PS Form 17.
• Write the difference on the overage line of PS Form 3958 (outside the postage line) as stock revaluation/increase.
• Maintain PS Form 3958 and PS Form 17 at the SDO or SSC.

Procedures for SSS System Analyst Programmer, Eagan MN

• The SSS system analyst programmer will provide a file of the net differences by line and by warehouse to St. Louis Accounting after the system is updated.
• St. Louis will use the file to update the stock ledger entries.

— Stamp Services, Government Relations, 4-12-07