Fedwire Detail

All Fedwire transactions must adhere to Federal Reserve rules and format specifications to insure timely and accurate delivery of payments. The Department has outlined the PrompTax Withholding Tax Fedwire payment specifications for taxpayers and has included descriptions of all requirements for easy reference.

FIELD DESCRIPTION	LINE	FIELD	FIELD INPUT	FOOTNOTE
Priority Code	1	(1)	02	1
Receiving Bank Identifier	2	(2)	021000021	2
Fedwire Type/Subtype	2	(3)	1000	3
Sending Bank Identifier	3	(4)	Numeric	4
Fedwire Class Code	3	(5)	Numeric	5
Sending Bank Reference	3	(6)	Numeric	6
Fedwire Dollar Amount	3	(7)	Numeric	7
Sending Bank Name	4	(8)	Alpha-Numeric	8
Receiving Bank	5	(10)	Chase NYC	9

FIELD DESCRIPTION	LINE	FIELD	FIELD INPUT	FOOTNOTE
Order Party	4	(9)	Alpha-Numeric	10
Product Code	5	(11)	CTR	11
Third Party/Beneficiary	5	(12)	BNF=NYS DTF	12
Beneficiary Account Number	5	(13)	AC-573803455	13
Originator to Beneficiary Information	6 & 7	(14)	Numeric	14

1. Priority Code	Use by the Federal Reserve. Input is mandatory and is always �02�
2. Receiving Bank Identifier	Specifies the RDFI or Receiving Bank�s Transit Routing Number. Input is mandatory and is always �021000021�.
3. Fedwire Type/Subtype	Used by the Federal Reserve System to describe certain characteristics of the transaction. Input is mandatory and is always �1000�.
4. Sending Bank Identifier	Specifies sending bank�s transit routing number. Input is mandatory.
5. Fedwire Class Code	For optional use by sending bank
6. Sending Bank Reference	A reference number assigned by the sending bank.
7. Fedwire Dollar Amount	Specifies the dollar amount of the Fedwire. This is the payment that will be remitted to the State of New York.
8. Sending Bank Name	Abbreviation of the sending bank�s name
9. Receiving Bank	Abbreviation of receiving bank. Input is mandatory and is always �Chase NYC�.
10. Order Party	Specifies the legal name of the company remitting payment. This field is mandatory and should be structured as follows: �PRG = your company legal name� i.e., ORG = ABC Corporation.
11. Product Code	Describes transaction type. Input is mandatory and is always �CTR� (customer transfer).
12. Third Party/Beneficiary	Specifies the receiving party. Input is mandatory and is always �BNF=NYS DTF� (New York State Department of Taxation and Finance).
13. Beneficiary Account Number	Specifies account number of the Department of Taxation and Finance. Input is mandatory and is always �AC-573803455�.
14. Originator to Beneficiary Information	This field contains the company�s tax filing information. Input is mandatory and must follow the format on the next page.

The table below shows the format for the Originator to Beneficiary Field (Field 14). This field is made up of several sub-fields and is where specific tax return information is reported.

SUB POSITION DESCRIPTION	ELEMENT	POSITION	FIELD SIZE	FIELD INPUT	FOOTNOTE
SEGMENT IDENTIFIER	(A)	1-4	4	OBI=	1
TAX TYPE CODE	(B)	5-6	2	WT	2
SEPARATOR	(C)	7	1	!	-
ACCESS CODE	(D)	8-13	6	NUMERIC	3
SEPARATOR	(E)	14	1	!	-
TAX ID NUMBER	(F)	15-25	11	NUMERIC	4
SEPARATOR	(G)	26	1	!	-
PAYROLL DATE	(H)	27-32	6	NUMERIC (MMDDYY)	5
SEPARATOR	(I)	33	1	!	-
NYS TAX WITHHELD	(J)	34-43	10	NUMERIC	6
SEPARATOR	(K)	44	1	!	-
NY CITY TAX WITHHELD	(L)	45-54	10	NUMERIC	7
SEPARATOR	(M)	55	1	!	-
YONKERS TAX WITHHELD	(N)	56-65	10	NUMERIC	8
SEPARATOR	(O)	66	1	!	-
TOTAL TAX WITHHELD	(P)	67-76	10	NUMERIC	9
SEPARATOR	(Q)	77	1	!	-
FINAL RETURN INDICATOR	(R)	78	1	Y or N	10
SEPARATOR	(S)	79	1	!	-

1. ORIGINATOR TO BENEFICIARY INFORMATION	Indicates the beginning of your company's tax filing information. Input is mandatory and is always 'OBI='.
2. TAX TYPE CODE	Identifies the tax payment type. Input is always 'WT'.
3. ACCESS CODE	Confidential number mailed to you under separate cover by the New York State Department of Taxation and Finance. Input is always your 6 digit number.
4. TAX ID NUMBER	Specifies your Company Tax Identification Number. Input is left-justified and alpha-numeric. Any unused positions should remain blank.
5. PAYROLL DATE	Specifies the date of the payroll which you are reporting. Input is always numeric and MMDDYY format.
6. NEW YORK STATE TAX WITHHELD	Specifies your New York State tax withheld. Input is right-justified, numeric and without a decimal between dollars and cents; any unused spaces should be zero-filled. If your liability is zero, fill the entire field with zeros.
7. NEW YORK CITY TAX WITHHELD	Specifies your New York City tax withheld. Input is right-justified, numeric and without a decimal between dollars and cents; any unused spaces should be zero-filled. If your liability is zero, fill the entire field with zeros.
8. YONKERS TAX WITHHELD	Specifies your Yonkers City tax withheld. Input is right-justified, numeric and without a decimal between dollars and cents; any unused spaces should be zero-filled. If your liability is zero, fill the entire field with zeros.
9. TOTAL TAX WITHHELD	Specifies the total amount of New York State, New York City and Yonkers tax withheld. Input is right-justified, numeric and without a decimal between dollars and cents; any unused spaces should be zero-filled.
10. FINAL RETURN INDICATOR	Specifies whether or not this is a Company's final Withholding Tax filing. Input is either 'Y' or 'N'.

		(1)*
	LINE 1	02
		(2)	(3)
	LINE 2	021000021	1000
		(4)	(5)	(6)	(7)
	LINE 3				$ 1,342.75
		(8)	(9)
	LINE 4		/ORG=ABC CORPORATION
		(10) (11) (12) (13)
	LINE 5	CHASE NYC/CTR/BNF=NYS DTF/AC-573803455
		(A) (B)(C) (D) (E) (F) (G) (H) (I) (J) (K)
	LINE 6	OBI=WT!123456!12345678901!092004!0000097550!
(14){		(L) (M) (N) (O) (P) (Q)(R)(S)
	LINE 7	0000036725!0000000000!0000134275!N!

	LINE 8

The ABC Corporation (Tax Identification Number 12-345678901) is filing for the payroll of September 20, 2004 by Fedwire. ABC Corporation's Access Code is 123456. ABC's New York State tax withheld is $975.50 and New York City tax withheld is $367.25; ABC did not have any Yonkers tax withheld. ABC is remitting full payment of the total tax withheld of $1342.75 and indicating that this is not a final return.