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Pricing Error Adjustment (PEA)

ITYP Description | Proper Usage

A Pricing Error Adjustment (PEA) will be initiated by the Federal Reserve at the behest of the Bureau of the Fiscal Service (Fiscal Service) (formerly the Bureau of the Public Debt (BPD)) when Fiscal Service determines that a bond was redeemed for the incorrect amount or that the bond was processed for the incorrect amount, subject to standard adjustment minimum amount requirements. This investigation type is reserved for Federal Reserve Bank use only.

Disputes Regarding Adjustments

If you dispute the Fiscal Service’s determination of errors, you may submit an Entry in Error (ERR) adjustment request to the Federal Reserve. The Federal Reserve will contact Fiscal Service on your behalf, and will either respond with a correcting adjustment entry or with additional information upon completion of research by Fiscal Service staff. Any further disputes after the completion of the ERR process will require direct communication with Fiscal Service.

Pricing or Amount Errors Identified by Your Institution – Your Action

If you identify pricing errors or errors in the amounts submitted for processing, you should not submit adjustment requests to the Federal Reserve within the first two weeks after deposit to avoid crossing adjustments with those that will be initiated by Fiscal Service. If, after two weeks, a correcting PEA is not received, you may submit requests for adjustments using the ERR investigation type with a product class of Savings Bond (SBD) and Entry Type (ETYP) of Request for Information (RFI). Write PEA in the Receiver’s Reference (RREF) field (required field for ERR).  Standard adjustment minimum amount requirements apply.

Small Dollar Pricing or Amount Errors

Submit inquiries concerning small differences (under $25.01) to SavBond.Resolutions@fiscal.treasury.gov.

Include your institution’s name, address, and contact information along with the bond serial number(s) including Series and Denomination; for example, C-123,456,789-EE, and the transaction date.

Note: In order to confirm the correct redemption value, provide the actual date payment was made by your institution, as well as the date the bond was deposited with the Federal Reserve, if those dates are not the same.

For more information about check adjustment services, visit the Check Adjustments Services page.

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