[Federal Register Volume 60, Number 48 (Monday, March 13, 1995)]
[Notices]
[Page 13548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-6137]




[[Page 13547]]

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Part IV





Department of the Interior





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Bureau of Indian Affairs



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Preliminary Adjustments to Specific Tribal Trust Fund Balances; Notice

Federal Register / Vol. 60, No. 48 / Monday, March 13, 1995 / 
Notices 
[[Page 13548]] 

DEPARTMENT OF THE INTERIOR

Bureau of Indian Affairs


Preliminary Adjustments to Specific Tribal Trust Fund Balances

AGENCY: Bureau of Indian Affairs, Interior.

ACTION: Notice.

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SUMMARY: The Bureau of Indian Affairs (BIA) through reconciliation and 
certification of investment trust fund systems, (MoneyMax system to the 
Finance system), must post preliminary adjustments to certain tribal 
accounts. The Office of Trust Funds Management (OTFM) will convert the 
MoneyMax and Finance systems to a new computer system on April 1, 1995. 
Currently tribes obtain their statements from Finance and MoneyMax 
systems which are not in a balance. The conversion will use MoneyMax 
balances, since reconciliation and certification have confirmed that 
these balances are correct. The problem is, that the daily figure OTFM 
provides Treasury for investment in an overnight security is taken from 
the Finance system. This means that the figure provided to Treasury to 
invest is incorrect and therefore the interest earnings are also 
incorrect. This occurs each day the preliminary adjustments are not 
posted. These preliminary adjustments will either increase or decrease 
the following tribal fund balances: Sioux Nation, Blackfeet Tribe, Crow 
Tribe, Seneca-Cayuga Tribe of Oklahoma, Hoopa Yurok Settlement, Pueblo 
of Laguna, Southern Ute Tribe, San Luis Rey Tribe, Creek Nation of 
Oklahoma, Pueblo of Zuni, Choctaw Nation of Oklahoma, Three Affiliated 
Tribes, and the Alaskan Native Escrow Fund.

DATES: Posting to occur no later than March 31, 1995.

FOR FURTHER INFORMATION CONTACT:
Joe Christie, Special Assistant to the Deputy Commissioner of Indian 
Affairs, Office of Trust Funds Management (OTFM), BIA, 505 Marquette 
NW., Suite 1000, Albuquerque, NM 87102-4804, phone number (505) 766-
3703, facsimile number (505) 766-3774.

SUPPLEMENTARY INFORMATION: Under the Trust Fund Management Reform Act 
of 1994 (Pub. L. 103-412), notice is given that the Director, Office of 
Trust Funds Management (OTFM) must reconcile and certify tribal trust 
fund balances as of September 30, 1995.
    The proposed preliminary adjustments are those from the MoneyMax to 
Finance backward reconciliation (they correct variances between the two 
systems as of September 30, 1992). Current reconciliation has been 
ongoing from October 1, 1992 to present, and adjustments are posted 
concurrently. It was agreed within this backward reconciliation and 
certification that the OTFM would not adjust balances until the 
affected tribes and Congress had a chance to review. Although these 
preliminary adjustments are a product of the backward reconciliation 
and have been certified, they are still pending tribal and 
Congressional review. The dollar affect to each tribe can be obtained 
by contacting Mr. Christie.
Ada E. Deer,
Assistant Secretary--Indian Affairs.
[FR Doc. 95-6137 Filed 3-10-95; 8:45 am]
BILLING CODE 4310-02-M