ETA 8401: Monthly Analysis of Benefits Payment Account

State Workforce Agencies (SWAs) should withdraw from the Unemployment Trust Fund only amounts sufficient to pay benefit checks or warrants actually issued in accordance with the Treasury-State Agreement executed under the Cash Management Improvement Act of 1990. The electronic funds transfer system used by the Trust Funds Branch in the U.S. Treasury permits fund requests received by noon eastern time to be deposited and available in the State's benefit payment account usually by the following day. The ETA 8401 is a record of benefit payment account transactions recorded in the books of each State. The ETA 8401 allows the National Office and the SWAs to monitor the amount of monies kept in the benefit payment account.