# Regulations Governing Book-Entry Treasury Bonds, Notes and Bills
> **Fiscal Service** · Final rule. · Published 1997-09-04 · Effective 1997-09-04 · 62 FR 46860
## Document
- **Document number:** 97-23351
- **Category:** other
- **Sub-agency:** Fiscal Service
- **Federal Register citation:** 62 FR 46860
- **CFR reference:** 31 CFR 357
- **Publication date:** 1997-09-04
- **Effective date:** 1997-09-04
## Abstract

The Department of the Treasury (Department or Treasury) is issuing in final form an amendment to its regulations governing book- entry Treasury Bonds, Notes and Bills which will offer investors holding marketable securities within the TREASURY DIRECT system the option of having Treasury, through a designated Federal Reserve Bank, acting as fiscal agent of the United States, sell such securities in the secondary market. Previously, if investors needed or wanted to sell their Treasury securities, they were required to first transfer their securities from their TREASURY DIRECT accounts to accounts with financial institutions or broker-dealers within TRADES, the commercial book-entry system. Investors who did not already have broker-dealer accounts established were required to first establish such accounts for the transaction. The new service will benefit such investors by providing them with the option of having the designated Federal Reserve Bank sell the securities and transmit the settlement amounts to the investors.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1997/09/04/97-23351/regulations-governing-book-entry-treasury-bonds-notes-and-bills)
---
*AI Analytics · CC0 1.0*