Transfer of Travelers Checks to New Agent.

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relief audit has been completed. Both the departing and incoming travelers check

agents must have a copy of the designation and revocation correspondence prior to

the transfer of checks and records. Travelers check agents are also classified as

Citibank Organization Program Coordinators (OPC) and therefore the appropriate

GTCC bank's coordinator designation form must also be completed for both the

departing and incoming travelers check agent. This applies for both primary and

alternate travelers check agents. Instructions for completing the Citibank's

coordinator designation form can be found on the Personnel Service Center (PSC)

website, http://www.uscg.mil/hq/psc/.

b. A memorandum from the departing agent to the new agent will be used to affect the

actual transfer of travelers check assets. The memorandum must include the

following, but not limited to:

(1) Accountability of the travelers check account of $X.XX is transferred to (name of

incoming agent) on (date of transfer) by (name of agent being relieved). This

must be signed by the outgoing agent. The amount of the account represents the

overall authorized ceiling amount. In most cases this amount is supported by the

actual amount of travelers checks on hand; however, in cases where

replenishment is pending the amount will be supported by travelers checks on

hand and documentation supporting the disbursement of travelers checks. On

hand inventory plus disbursement documentation must always equal authorized

ceiling amount.

(2) The transfer of travelers checks as stated above have been received by (incoming

agent). This must be signed by the incoming agent.