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TT&L |
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In addition to assisting with the collection of taxes, the Banks, through the Treasury Tax and Loan (TT&L) program, have been instrumental in helping the Treasury earn interest on tax proceeds (and other funds) that are not immediately needed. Under its Treasury Tax and Loan Deposit Administrative Program, TIAA/CREF deposits approximately $125 million in federal tax withholdings from its employees' payroll and its retirement system annuities into an account at Drexel National Bank. recently selected The Bankers Bank in Atlanta, Georgia to serve as the preferred provider for correspondent services, including cash letter clearing, international wire services, cash orders and shipments, treasury tax and loan payment processing, bankcard services, investment bond accounting and |
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