[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: 31CFR208.8] [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. 208.8 Recipient responsibilities. Each recipient who is required to receive payment by electronic funds transfer and who has an account with a financial institution must, within the time frame specified by the agency making the payment, designate a financial institution through which the payment may be made and provide the agency with the information requested by the agency in order to effect payment by electronic funds transfer. [[Page 49]]