Finance

Deposit Ticket and Bank Account Changes

In compliance with financial and accounting disclosure requirements, the Postal Service’s existing bank deposit ticket has been redesigned. Effective immediately, only the new deposit tickets will be shipped for deposit ticket reorders. Each Post Office™ should begin using the new deposit tickets upon receipt following its next deposit ticket reorder.

Changes to the new slips include:

The following graphics illustrate the old and the new deposit tickets.

Old Deposit Ticket

Old Deposit Ticket

New Deposit Ticket

New Deposit Ticket

Effective immediately, the maximum deposit ticket order will be reduced from 400 to 200. This change has already been implemented in eBuy. Beginning January 30, 2009, the maximum order quantity will be increased once again, and offices may choose quantities of either 200 or 400.

To further support financial reporting requirements, only two-part deposit tickets will be used effective January 30, 2009. The two-part deposit tickets will be shipped in bound books with 50 tickets per book.

Bank Account Changes

The Postal Service™ has completed a nationwide solicitation for field banking services that is designed to increase the quality and reduce the cost of banking and armored courier services.

A total of 45 districts will transition to new financial institutions and three (3) additional districts will transition to new accounts at their existing institutions. The target date for this transition is February 1, 2009. Detailed information on the tran­sition timeline will be provided to the affected districts in the near future.

These 48 districts must begin using deposit tickets, endorsement stamps, and address stamps with their new account information on the transition date. Banking supplies for the new accounts will be shipped to the applicable Post Offices by their district finance office in January.

Following are the districts affected by this change:

 

District

New Account

Area

Arizona

Wells Fargo Bank

Western Area

Atlanta

JP Morgan Chase Bank

Southeast Area

Baltimore

Branch Bank & Trust Company

Capital Metro Area

Bay-Valley

Wells Fargo Bank

Pacific Area

Big Sky (Montana) District

US Bank

Western Area

Boston

JP Morgan Chase Bank

Northeast Area

Capital

JP Morgan Chase Bank

Capital Metro Area

Central Florida

JP Morgan Chase Bank

Southeast Area

Central Illinois

Associated Bank

Great Lakes Area

Central Plains (Nebraska)

US Bank

Western Area

Chicago

Associated Bank

Great Lakes Area

Cincinnati

US Bank

Eastern Area

Columbus

US Bank

Eastern Area

Connecticut

JP Morgan Chase Bank

Northeast Area

Dakotas

US Bank

Western Area

Dallas

BOK Financial Corp Bank Group

Southwest Area

Detroit

JP Morgan Chase Bank

Great Lakes Area

Ft. Worth

JP Morgan Chase Bank

Southwest Area

Gateway

US Bank

Great Lakes Area

Greater Indiana

JP Morgan Chase Bank

Great Lakes Area

Greater Michigan

JP Morgan Chase Bank

Great Lakes Area

Hawkeye (Iowa) District

US Bank

Western Area

Houston

BOK Financial Corp Bank Group

Southwest Area

Lakeland

US Bank

Great Lakes Area

Los Angeles

Wells Fargo Bank

Pacific Area

Massachusetts

JP Morgan Chase Bank

Northeast Area

Mid-America

US Bank

Western Area

Nevada-Sierra

Wells Fargo Bank

Western Area

North Florida

JP Morgan Chase Bank

Southeast Area

Northern Illinois

Associated Bank

Great Lakes Area

Northern Virginia

JP Morgan Chase Bank

Capital Metro Area

Northland

US Bank

Western Area

Pittsburgh

Bank of America

Eastern Area

Portland (Oregon) District

US Bank

Western Area

Richmond

Branch Bank & Trust Company

Capital Metro Area

Sacramento

Wells Fargo Bank

Pacific Area

Salt Lake City

Wells Fargo Bank

Western Area

San Diego

Wells Fargo Bank

Pacific Area

San Francisco

Wells Fargo Bank

Pacific Area

Santa Ana

Wells Fargo Bank

Pacific Area

SE New England

JP Morgan Chase Bank

Northeast Area

Seattle

Wells Fargo Bank

Western Area

Sierra Coastal

Wells Fargo Bank

Pacific Area

South Florida

JP Morgan Chase Bank

Southeast Area

South Georgia1

Bank of America

Southeast Area

South Jersey

JP Morgan Chase Bank

Eastern Area

Southeast Michigan

JP Morgan Chase Bank

Great Lakes Area

Suncoast

JP Morgan Chase Bank

Southeast Area


Destruction of Banking Supplies

The district Finance office will establish procedures for destruction of obsolete bank supplies. The Finance offices will disseminate these procedures in the near future.