The Executive Departments of the United States At Washington Electronic Resourc
The Executive Departments of the United States At Washington Electronic Resourc
Webster Elmes
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Besides the numerous accounts with individual depositaries, this division keeps an account showing all moneys deposited which have not passed into the Treasury by covering-in warrants. 3. 78. This division is also charged with the business pertaining to the designation of depositaries, and the ac- ceptance of proper security from such designated banks or depositaries for the public moneys authorized to be depos- ited with them. It also prepares for issue by the Secretary the necessary rules and... regulations governing these depos- itaries in their receipt, safe-keeping, and prompt payment of the public moneys, and in their other business transac- tions with the Treasury ; and it gives direction to the offi- cers of Government, excepting postmasters, as to the time and manner of making their deposits with such deposita- ries, as well as all necessary instructions for enforcing DIVISION OF PUBLIC MONEYS. 131 speedy presentation of all Government drafts for payment at the place where they are payable.
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