![]() ![]() USPS will report all money order transactions on the Statement of. Upon receipt of the money order documents from the FRBS, USPS will reconcile and audit the documents. The FRBs then will send the money order documents to USPS. ![]() The FRBs will charge the account of USPS for the amount of the paid money orders and report these charges on the daily transcript of the U.S. ![]() These money orders are paid at commercial banks and other depositaries of the Federal Reserve System and sent to FRBS. Section 7020 -General Information And FormatĪll post offices sell paper money orders to the public. These instructions are issued according to authority of the Secretary of the Treasury to prescribe regulations to FRBs in connection with their fiscal agency responsibilities under 12 U.S.C. Treasury prescribes the method of processing the charges through Treasury's General Account. These procedures cover the responsibility of the United States Postal Service (USPS) to pay, reconcile and audit postal money orders. This chapter prescribes the procedures to be followed by Federal Reserve banks and branches (FRBS) in handling paid U.S. ![]()
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