[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: 31CFR339.8]

[Page 236]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 339--EXCHANGE OFFERING OF UNITED STATES SAVINGS BONDS, SERIES H--Table of Contents
 
Sec. 339.8  Reservation as to terms of offer.

    The Secretary of the Treasury reserves the right to reject any 
exchange subscription for Series H bonds, in whole or in part, and to 
refuse to issue or permit to be issued hereunder any such bonds in any 
case or any class or classes of cases if he deems such action to be in 
the public interest, and his action in any such respect shall be final.
    The foregoing revision and amendment is made for the purpose of 
granting to owners of savings notes the same privilege afforded owners 
of Series E savings bonds for exchanging their securities for Series H 
bonds with or without tax deferral. As good cause exists for making this 
change, which involves public property and contracts relating to the 
fiscal and monetary affairs of the United States, I find that notice and 
public procedures are unnecessary. This action is effected under the 
provisions of sections 18, 20, and 22 of the Second Liberty Bond Act, as 
amended (40 Stat. 1309, 48 Stat. 343, 49 Stat. 21, 73 Stat. 621, all as 
amended; 31 U.S.C. 753, 754b, 757c), and 5 U.S.C. 301.