StacksVerified U.S. regulatory reference

31 CFR §375.3

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
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:
  1. (a)Accepting and reviewing tenders;
  2. (b)Calculating redemption operation results;
  3. (c)Issuing notices of redemptions;
  4. (d)Accepting deliveries of Treasury securities at settlement; and
  5. (e)Processing the Treasury payment for securities delivered at settlement.