31 CFR 375.3
§ 375.3 What is the role of the Federal Reserve Bank of New York in this process?
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 375.3, § 375.3 What is the role of the Federal Reserve Bank of New York in this process?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140679
- Permanent ID
ys:prov:140679@1- SHA-256
cf156344ffd2676ec2488659d664e95bcb93ba6672b039a351851b05dee84a14
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
As fiscal agent of the United States, the Federal Reserve Bank of New York performs various activities necessary to conduct a redemption operation under this part. These activities may include but are not limited to:
(a) Accepting and reviewing tenders;
(b) Calculating redemption operation results;
(c) Issuing notices of redemptions;
(d) Accepting deliveries of Treasury securities at settlement; and
(e) Processing the Treasury payment for securities delivered at settlement.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.