31 CFR 355.0
§ 355.0 What does this part cover?
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 355.0, § 355.0 What does this part cover?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140268
- Permanent ID
ys:prov:140268@1- SHA-256
962133e5a20508c16c4a61cf5ced9defa6386ad9d3572fb42a078cfb3b4bed0e
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
This part governs checks issued for payments in connection with United States securities. These checks, referred to as “fiscal agency checks,” are issued by a designated Federal Reserve Bank in its capacity as fiscal agent of the United States. The checks are drawn on the payor Federal Reserve Bank in its banking capacity. The drawer of a fiscal agency check is the United States, and the drawee is a Federal Reserve Bank. The rights and liabilities of the United States, the Federal Reserve Banks, and others are set out in this part.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.