[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: 31CFR355.0]

[Page 349]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 355--REGULATIONS GOVERNING FISCAL AGENCY CHECKS--Table of Contents
 
Sec. 355.0  What does this part cover?

    This part governs checks issued for payments in connection with 
United States securities. These checks, referred to as ``fiscal agency 
checks,'' are issued by a designated Federal Reserve Bank in its 
capacity as fiscal agent of the United States. The checks are drawn on 
the payor Federal Reserve Bank in its banking capacity. The drawer of a 
fiscal agency check is the United States, and the drawee is a Federal 
Reserve Bank. The rights and liabilities of the United States, the 
Federal Reserve Banks, and others are set out in this part.