January 29, 2014
David Drake, acting state executive director for Ohio's Farm Service Agency, has announced that starting Aug. 3, 2009, FSA and the Commodity Credit Corporation payments made by direct deposit will be transmitted by Kansas City to the Treasury Department.
This allows FSA to be compliant with the Debt Collection Improvement Act of 1996, which requires that Federal payments be processed through the Treasury Offset Program, so that any delinquent federal debt can be offset. As a result of this processing change, direct deposit payments will be credited to the recipient's account 1 day later.
Also, the description on the bank statement of Direct Deposit Payees will change and the bank statement will read, "FSA TREAS 310" for all payments that are disbursed by the Treasury Department. For more information or questions about the change in direct deposit payments, please visit your local FSA office.
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