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 357 - Regulations Governing Book-Entry Treasury Bonds, Notes and Bills Held in Treasury/Reserve Automated Debt Entry System (TRADES) and Legacy Treasury Direct
  7. Subpart D - Additional Provisions
  8. 31 CFR § 357.43
31 CFR § 357.43
Liability for transfers to and from Legacy Treasury Direct ®
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.

Editorial Note on Part 357

Editorial Note:

Nomenclature changes to part 357 appear at 70 FR 57431, Sept. 30, 2005.

§ 357.43 Liability for transfers to and from Legacy Treasury Direct ®.

A depository institution or other entity that transfers to, or receives, a security from Legacy Treasury Direct is deemed to be acting as agent for its customer and agrees thereby to indemnify the United States and the Federal Reserve Banks for any claim, liability, or loss resulting from the transaction.

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§ 357.42 Liability of Department and Federal Reserve Banks
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§ 357.44 § 357.44 [Reserved]

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