[Code of Federal Regulations]

[Title 31, Volume 2]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR208.5]



[Page 48]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY

 

PART 208_MANAGEMENT OF FEDERAL AGENCY DISBURSEMENTS--Table of Contents

 

Sec.  208.5  Availability of the ETA \SM\.



    An individual who receives a Federal benefit, wage, salary, or 

retirement payment shall be eligible to open an ETA \SM\ at any 

Federally-insured financial institution that offers ETAs \SM\. Any 

Federally-insured financial institution shall be eligible, but not 

required, to offer ETAs \SM\ as Treasury's Financial Agent. A Federally-

insured financial institution that elects to offer ETAs \SM\ shall, upon 

entering into an ETA \SM\ Financial Agency Agreement with the Treasury, 

be designated as Treasury's Financial Agent for the offering of the 

account pursuant to Public Law 104-208. Treasury shall make publicly 

available required attributes for ETAs \SM\ and any ETA \SM\ offered by 

a Federally-insured financial institution shall comply with such 

requirements. The offering of an ETA \SM\ shall constitute the provision 

of EBT services within the meaning of Public Law 104-208.