Regulations Governing Treasury Securities, New Treasury Direct System
other · Fiscal Service · Rule · Published 2004-08-16 · Effective 2004-08-16 · 69 FR 50307
Document
Document number
04-18763
Federal Register citation
69 FR 50307
CFR reference
31 CFR 351
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
2004-08-16
Effective date
2004-08-16
Abstract
New Treasury Direct (also referred to as TreasuryDirect) is a book-entry, online system for purchasing, holding and conducting transactions in Treasury securities. This rule describes a new security, the non-interest-bearing New Treasury Direct certificate of indebtedness (C of I), whose sole purpose is to permit investors to accumulate the purchase price of other eligible securities, currently Series I and Series EE U.S. Savings Bonds in New Treasury Direct. In addition, when the regulations for New Treasury Direct were first published, we delayed the effective date for certain provisions in the rule. The remaining provisions with delayed effective dates are hereby made effective upon publication of this rule.