PYFG - PY523C

Payroll Savings Bonds Electronic Submission
The common code PYFG PY523C controls the magnetic tape and diskette file requirements that will be used to create a payroll bond report file suitable for electronic submission. Set description 1 to "TAPE MODE" to create the tape style file, otherwise the diskette style file will be built by default. If using diskette, The Federal Reserve requires that this file be named "PAYROLL.DK" on the disk.
Code Category: PYFG
Code Value: PY523C
Short Description: Used to describe the common code.
Medium Description: Used to describe the common code.
Long Description: Used to describe the common code.
Associated Numeric Values
1-5: Enter the maximum taxable wage amount.
Associated Codes
1: Should contain the company ID as assigned by the Federal Reserve.
2: Should contain the location ID, 0000 or " " indicates main office.
3: Should contain the Federal Reserve District designator.
4: Should contain the optional Federal Reserve account number.
5: Should contain the optional Federal Reserve branch number.
Associated Descriptions
1: Valid entries are TAPE MODE, DISKETTE MODE, DIRECTLY TO TAPE; DEV=. If left blank the default will be disk mode. It is possible on MPE machines to write directly to a tape device. The device number should follow the equal sign. If there is to be no electronic submission set to NO ELECTRONIC SUBMISSION.
2: This field controls the use of a line feed to terminate records. The default is to use a line feed. Normally this will not have to be over Set to DON'T USE LINE FEED if there should be no record terminator.
3: This field controls the character set used to create the file. The choice of modes will normally control which set and there is no need for an entry here. Set to ASCII or EBCDIC.
4: This field allows you to explicitly name the file created. Normally this is not used and a file is created named BNDxxxxx where the x's represent the last 5 digits of the period number.
Enter "NO WARNS WHEN NO HISTORY" to direct the system to eliminate warnings that typically appear when the employee has EFT set up by has no history.
5: The Fed can send the bonds to the company rather than the individual bond holders. If you have made arrangements for this then set this field to DON'T REQUIRE MAIL TO ADDRESS.