Code of Federal Regulations · Section

§ 321.14 — Transmittal To And Settlement With A Federal Reserve Processing Site

31 C.F.R. § 321.14

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Except for eligible securities redeemed on exchange pursuant to § 321.8, a paying agent shall transmit for payment all redeemed securities to a Federal Reserve Processing Site in accordance with the Federal Reserve Operating Circular.

31 C.F.R. § 321.13

Authorizing Statute

Savings bonds and savings certificates
31 U.S.C. § 3105
Departmental regulations
5 U.S.C. § 301
General authority of the Secretary
31 U.S.C. § 321
Federal reserve banks as Government depositaries and fiscal agents
12 U.S.C. § 391