Code of Federal Regulations · Section

§ 375.23 — How Does The Securities Delivery Process Work?

31 C.F.R. § 375.23

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If any of the offers you submitted are accepted, you must transfer the correct book-entry Treasury securities in the correct par amount against the correct settlement amount on the settlement date. You must deliver the securities to the account specified in the redemption operation announcement.

31 C.F.R. § 375.22 31 C.F.R. § 375.24

Authorizing Statute

Departmental regulations
5 U.S.C. § 301
New issue used to buy, redeem, or refund outstanding obligations
31 U.S.C. § 3111
Federal reserve banks as Government depositaries and fiscal agents
12 U.S.C. § 391
General authority of the Secretary
31 U.S.C. § 321