Medicare Financial Management Manual (Pub. 100-06), Ch. 5 § 50
Withdrawal of Federal Funds - (Rev. 5, 08-30-02)
50 - Withdrawal of Federal Funds - (Rev. 5, 08-30-02)
A1-1406, B1-4406
The Federal Government assures that funds are always in the Federal Reserve Bank to
honor properly drawn payment vouchers within the limits of the letter-of-credit. This
arrangement is consistent with State banking laws since it eliminates any possibility of
intent to defraud.