CLOSING AN ACCOUNT IN THE CENTRALIZED STATE TREASURY SYSTEM - 8001.2

(Renumbered from 8001.5)

Agencies/departments will periodically review their need for maintaining a Centralized State Treasury System (CTS) bank account. When more than one CTS bank account exists, agencies/departments will combine these into one CTS bank account, where feasible.

Agencies/departments will send requests to close inactive or unnecessary CTS bank accounts to the State Treasurer's Office, Centralized Treasury and Securities Management Division, Bank Reconciliation Section, with a copy of the current CTS statement showing a zero balance.