[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR309.8]

[Page 161-162]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 309--ISSUE AND SALE OF TREASURY BILLS--Table of Contents
 
Sec. 309.8  Tenders; when cash deposit is required.

    Tenders should be submitted on the printed forms and forwarded in 
the special envelopes which will be supplied on application to any 
Federal Reserve Bank, or Branch or to the Bureau of the Public Debt, 
Washington, DC 20226. If a special envelope is not available, the 
inscription ``Tender for Treasury

[[Page 162]]

Bills'' should be placed on the envelope used. The instructions set 
forth in the public notice announcing the offering should be observed 
with respect to the submission of tenders. Banking institutions 
generally may submit tenders for account of customers provided the names 
of the customers are set forth in such tenders. Others than banking 
institutions, will not be permitted to submit tenders except for their 
own account. Tenders from incorporated banks and trust companies, and 
from responsible and recognized dealers in investment securities will be 
received without deposit. Tenders from all others must be accompanied by 
a payment of such percent of the face amount of the Treasury bills 
applied for as the Secretary of the Treasury may from time to time 
prescribe: Provided, however, That such deposit will not be required if 
the tender is accompanied by an express guaranty of payment in full by 
an incorporated bank or trust company. Forfeiture of the prescribed 
payment may be declared by the Secretary of the Treasury, if payment is 
not completed, in the case of accepted tenders, on the prescribed date.