Code of Federal Regulations · Section

§ 363.147 — How Do I Purchase A Payroll Zero-percent Certificate Of Indebtedness?

31 C.F.R. § 363.147

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You may purchase a payroll zero-percent certificate of indebtedness through your TreasuryDirect® account using your payroll savings plan. (See §§ 363.59 and 363.60 for more information on opening a payroll savings plan.) The only method of purchase for a payroll zero-percent certificate of indebtedness is a credit of funds from your employer or financial institution using the ACH method. You cannot purchase a payroll zero-percent certificate of indebtedness by using a debit from your financial institution.

31 C.F.R. § 363.146 31 C.F.R. § 363.148

Authorizing Statute

Federal reserve banks as Government depositaries and fiscal agents
12 U.S.C. § 391
Bonds
31 U.S.C. § 3102
Departmental regulations
5 U.S.C. § 301
Procedure
31 U.S.C. § 3121