OTCnet News and Updates
Upcoming OTCnet Release 4.13
On Saturday, June 14, 2025, OTCnet will be updated to Release 4.13. This release includes updates to the Deposit Processing module such as the deposit date assignment and notifications of a Financial Institution’s actions on a deposit. Users will be able to filter the Collections Information Repository (CIR) File Status Report by date and track report requests in the audit log. Stay tuned for further details in the Release Notes.
Treasury General Account (TGA) Voucher Submission Reminders: The More Details the Better!
There are several steps to be taken when submitting a voucher. All steps, if completed properly, help to ensure a deposit is accepted and processed correctly and without delay. Deposit Preparers (DP) and Deposit Approvers (DA) should complete the following when preparing TGA deposits and submitting vouchers in OTCnet:
Don’t forget to provide contact details: A contact name and phone number are essential for Financial Institutions (FI) to be able to reference a point of contact (POC) if there are any discrepancies with a deposit. Failure to provide POC info on a submitted voucher could result in a delay in funds being made available or even a rejected deposit, if a discrepancy is found. Remember to provide as much information as possible when completing a voucher before submission.
Follow your Financial Institution’s deposit requirements: Some FIs require deposit slips to be fully completed and submitted along with the copy of a voucher and the funds to be deposited. Be sure to input a corresponding ALC Number, Voucher Number, and the Originating Deposit Location (city, state) detail on the deposit slip, where applicable. If deposit slip inventories are low, contact the FI for a replenishment order.
Help ensure deposits are processed timely and remember to provide as much information as possible!
Get Started with OTCnet Check Capture
Interested in modernizing your agency’s collections options? Consider onboarding to Check Capture with OTCnet! OTCnet Check Processing allows agencies to electronically convert domestic paper checks to digital images for presentment in an online or off-line mode. Check Capture eliminates the need to travel to a bank for check deposit and streamlines deposit reporting on one platform integrated with Treasury reporting requirements. Visit the OTCnet Check Processing webpage for more information and refer to the Onboarding Guide to learn how to get started.
OTCnet Training
OTCnet’s Training Site offers User Guides, step-by-step Printable Job Aids, and training tutorials for key OTCnet user roles to help Agencies, Financial Institutions (FIs), and the Federal Reserve Bank (FRB) with a wide range of topics and user tasks. The Training Resources website offers user-friendly guidance for onboarding, updates, and current training offerings.