[Local-Gov-News] Local Government Pool ACH Transaction Delay 8/4/10

[Brady Coy]

Due to a power failure at our ACH originating financial institution earlier this week, local government pool transactions called into Treasury on Tuesday, August 3rd prior to 1:00 PM may not have settled into your bank account at your financial institution until Thursday, August 5th.  Receiving local government bank accounts at US Bank were not impacted by this delay.

Treasury will be posting a credit adjustment to all local government pool accounts impacted by the delay on August 9th.  The credit adjustment will be equal to one day of interest at the current OSTF rate (.55%) on the withdrawal amount that was delayed in arriving at your bank.

If your local government suffered additional financial loss as a result of this delay, please contact Local Government Customer Service at 1-800-452-0345.




-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://omls.oregon.gov/pipermail/local-gov-news/attachments/20100809/50ab7aa2/attachment.html>