Background

• Common Questions and Answers

The CA$HLINK II System (operational in 2003) is an electronic cash concentration and information system used to manage the collection of U.S. government funds throughout the world and to provide deposit information to federal agencies. This network links federal agencies, commercial banks, the Federal Reserve Banks, and the Treasury Department fund managers together through an electronic network. CA$HLINK II receives deposit information, initiates fund transfers, and concentrates daily deposits made through multiple collection mechanisms into the Treasury's account at the Federal Reserve Bank.

CA$HLINK II provides federal agencies with real-time information (via the Internet) to verify deposits, ACH and Fedwire transfers, and voucher adjustments to reconcile their accounts. This collections data is available online for up to seven years, allowing users to access the system to research and analyze detail deposits and summary-level cash flows. In addition, CA$HLINK II assists the Treasury in managing depositary services provided by financial institutions and monitoring the cash position of the U.S. government.

CA$HLINK II was designed with the following business goals in mind:

• Improvement of the government's ability to know the government's cash position at the beginning of each day,
• Improvement of bank management tools used to monitor the services and costs reported by financial institutions, and
• Facilitation of agency reconciliation, and verification of adequate collateral.

CA$HLINK II meets the federal government's changing business needs and take full advantage of innovative technologies by…

• Utilizing Internet-based technologies
• Providing for the exchange of electronic information through a web browser interface,
• Implementing multiple functional enhancements, and
• Maintaining a flexible infrastructure that allows secure, simplified access to financial information.

If you have any questions, please e-mail cashlink2@pnc.com. Thank you!