Fiscal Service Seeks Financial Institution Proposals for Lockbox Network
October 21, 2016
WASHINGTON, D.C. — The U.S. Department of the Treasury (Treasury), Bureau of the Fiscal Service (Fiscal Service), seeks proposals from depository financial institutions interested in competing to become a financial agent of the United States for the purposes of operating, maintaining, and improving the federal government general (non-tax) lockbox network. This competition is being conducted to advance the Fiscal Service’s mission to streamline and modernize the Treasury’s revenue collections.
The successful financial institution will become a financial agent of the United States, and will have a principal-agent relationship with the Fiscal Service to provide lockbox and remittance services to the Treasury on behalf of federal agencies.
Interested and eligible financial institutions are invited to go to https://www.fiscal.treasury.gov/gln for further information on filing proposals.