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FEDERAL · 31 CFR

Part 356 — Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds (Department of the Treasury Circular, Fiscal Service Series No. 1-93)

26 sections · Title 31: Money and Finance: Treasury

§ 356.0What authority does the Treasury have to sell and issue securities?
§ 356.1To which securities does this circular apply?
§ 356.2What definitions do I need to know to understand this part?
§ 356.3What is the role of the Federal Reserve Banks in this process?
§ 356.4What are the book-entry systems in which auctioned Treasury securities may be issued or maintained?
§ 356.5What types of securities does the Treasury auction?
§ 356.10What is the purpose of an auction announcement?
§ 356.11How are bids submitted in an auction?
§ 356.12What are the different types of bids and do they have specific requirements or restrictions?
§ 356.13When must I report my net long position and how do I calculate it?
§ 356.14What are the requirements for submitting bids for customers?
§ 356.15What rules apply to bids submitted by investment advisers?
§ 356.16Do I have to make any certifications?
§ 356.17How and when do I pay for securities awarded in an auction?
§ 356.20How does the Treasury determine auction awards?
§ 356.21How are awards at the high yield, discount rate, or discount margin calculated?
§ 356.22Does the Treasury have any limitations on auction awards?
§ 356.23How are the auction results announced?
§ 356.24Will I be notified directly of my awards and, if I am submitting bids for others, do I have to provide confirmations?
§ 356.25How does the settlement process work?
§ 356.30When does the Treasury pay principal and interest on securities?
§ 356.31How does the STRIPS program work?
§ 356.32What tax rules apply?
§ 356.33Does the Treasury have any discretion in the auction process?
§ 356.34What could happen if someone does not fully comply with the auction rules or fails to pay for securities?
§ 356.35Who approved the information collections?