Depositaries and Financial Agents of the Federal Government
other · Fiscal Service · Rule · Published 1997-08-27 · Effective 1997-09-26 · 62 FR 45520
Document
Document number
97-22698
Federal Register citation
62 FR 45520
CFR reference
31 CFR 202
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
1997-08-27
Effective date
1997-09-26
Abstract
This final rule revises regulations which govern the designation of Depositaries and Financial Agents of the Federal Government (depositaries); their authorization to accept deposits of public money and to perform other specific services; and the securing of public money. The revisions update, clarify, and simplify current requirements, but do not change them. Outdated references to specific acceptable insurers are deleted. Existing language concerning the types and valuation of acceptable collateral securities is clarified. In addition, various references are updated.