31 CFR 357.43

§ 357.43 Liability for transfers to and from Legacy Treasury Direct ®.

United States · 31 CFR — Money and Finance: Treasury · Status: effective

Cite this

Citation: 31 CFR 357.43, § 357.43 Liability for transfers to and from Legacy Treasury Direct ®, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140349
Permanent ID: ys:prov:140349@1
SHA-256: 9ce398d943936e063dbd42716cc7b12d125a1b114bed368340665f28c8159eaf

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Full text

A depository institution or other entity that transfers to, or receives, a security from Legacy Treasury Direct is deemed to be acting as agent for its customer and agrees thereby to indemnify the United States and the Federal Reserve Banks for any claim, liability, or loss resulting from the transaction.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.