1. LawStack
  2. Title 31 - Money and Finance: Treasury
  3. Subtitle B - Regulations Relating to Money and Finance
  4. Chapter II - Fiscal Service, Department of the Treasury
  5. Subchapter A - Bureau of the Fiscal Service
  6. Part 340 - Regulations Governing the Sale of Treasury Bonds Through Competitive Bidding
  7. 31 CFR § 340.7
31 CFR § 340.7
Deposits—retention—return
July 31, 2023
CFR
Editorial Note on Subchapter A of Chapter II

Editorial Note:

Nomenclature changes to subchapter A appear at 78 FR 60697, Oct. 2, 2013.

§ 340.7 Deposits—retention—return.

Each bid must be accompanied by a deposit in the amount specified in the public notice. The deposit of any successful bidder will be retained as security for the performance of his obligation and will be applied toward payment of the bonds. All other deposits will be returned immediately. No interest will be allowed on account of any deposits.

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§ 340.6 Submission of bids
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§ 340.8 Acceptance of bids

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