Handbook F-101 Revision: Reporting Bank Charges

Effective immediately, the Handbook F-101 is revised to reflect the change in how we report banking charges. This revision is made based on cost savings and should allow the Postal Service™ to lower expenses.

Handbook F-101, Field Accounting Procedures

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9 Cash Management

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9-1 Banking

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9–1.4 Reporting Bank Charges

[Revise text to read as follows:]

Bank Charges are reported as follows:

a. The Postal Service uses an account analysis state­ment analyzer tool to automatically review the monthly account analysis statements for field depos­its to ensure charges are correct. Bank Relations re­views the analysis from the tool and determines the amount to pay.

b. Payment is made via check or electronic funds trans­fer (EFT) through Accounts Payable at the San Mateo Accounting Service Center. The charges are ex­pensed to the National Banking Program finance number at Corporate Treasury–Headquarters.

A hard copy invoice is sent monthly to the Bank Relations group within Corporate Treasury.

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We will incorporate these revisions into the next updated version of Handbook F-101, available on the Postal Service™ PolicyNet website:

n Go to http://blue.usps.gov.

n In the left-hand column, under “Essential Links”, click PolicyNet.

n Click HBKs.

(The direct URL for the Postal Service PolicyNet website is http://blue.usps.gov/cpim.)

— Field and International Accounting,
Controller, 11-18-10