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General Lockbox Network (GLN)


Agency Frequently Asked Questions: Financial Agent Selection Process (FASP)

What is a FASP?

F-A-S-P is the acronym for Financial Agent Selection Process. Fiscal Service uses a set of procedures and guidelines in selecting Financial Agents (FA).

What is a Financial Agent?

Treasury has the authority to designate financial institutions(s) as financial agents of the government to provide services on its behalf. Financial agents act on behalf of the government in performing their duties under a relationship with the Treasury (Fiscal Service).

Will agencies keep the same Financial Agents (FA)?

Fiscal Service cannot guarantee an agency will keep the current FA since the GLN FASP will be an open competition. This means an agency potentially may or may not have a new FA.

Can an agency request additional services or change services at this time?

No, this is not the appropriate time to request additional services or to change services. There will be an opportunity to amend services once a new financial agent is named. Fiscal Service is requesting agencies to review Statement of Required Services (SRS) documents and confirm the stipulated requirements outlined reflect what an agency is receiving at this time for lockbox services.

Do all agency lockboxes have to be part of FASP?

Yes, all lockboxes associated with the GLN are part of the FASP.

Can an agency request not to participate in the FASP?

No, as long as the agency is under the GLN, agencies have to follow GLN guidelines.

Who can an agency contact with questions about the FASP?

Fiscal Service (GLN) can be contacted via e-mail at Agency.Lockboxes@fiscal.treasury.gov. Please give Fiscal Service at least 24 - 48 hours to respond to your questions.

What if an agency would like to withdraw from GLN Services and close a lockbox?

If an agency is interested in withdrawing from GLN services and closes a lockbox, the agency needs to contact the GLN via e-mail at Agency.Lockboxes@fiscal.treasury.gov.

Please notify us and indicate:

  • which lockbox the agency would like to close,
  • effective date of closure,
  • any forwarding instructions and duration of forwarding (if applicable).

What is a Statement of Required Services (SRS)?

A Statement of Required Services (SRS) is a replacement for the Statement of Work (SOW). Fiscal Service is requesting agencies to review SRS documents and confirm the stipulated requirements outlined reflect what an agency is receiving at this time for lockbox services.

Can an agency request an extension to complete the verification of the SRS?

Fiscal Service will not be providing extensions. Please remit the verified SRS document by the specified deadline.

Can I remove services from the SRS document since our Agency does not need them any longer?

Yes, services that are no longer required by the agency may be removed.

Please e-mail Fiscal Service at Agency.Lockboxes@fiscal.treasury.gov and indicate which specific services are no longer needed.

What specifically are you asking agencies to do at this time?

We are asking agencies to participate in the following ways:

  • Fiscal Service is requesting agencies to review SRS documents and confirm the stipulated requirements outlined reflect what an agency is receiving at this time for lockbox services.

  • As the FASP moves forward we may contact you and ask you to clarify some of your current lockbox processing requirements.

  • Ask questions by submitting e-mails to Agency.Lockboxes@fiscal.treasury.gov

  • Stay informed by reading e-mail communication and by visiting this website.



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