[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: 31CFR355.2]

[Page 349-350]
 
                  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. 355.2  What special terms do I need to know to understand this part?

    Depository institution means:
    (1) Any insured bank, mutual savings bank or savings bank as defined 
in 12 U.S.C. 1813, or any institution eligible to become an insured bank 
under 12 U.S.C. 1815;
    (2) Any insured credit union as defined in 12 U.S.C. 1752, or any 
credit union eligible to become an insured credit union under 12 U.S.C. 
1781;
    (3) Any member as defined in 12 U.S.C. 1422; and
    (4) Any savings association as defined in 12 U.S.C. that is an 
insured depository institution as defined in the Federal Deposit 
Insurance Act, 12 U.S.C. 1811 et seq., or is eligible to become an 
insured depository institution under that Act.
    Fiscal agency check means a check for a payment in connection with a 
United States security drawn upon a Reserve Bank and issued on our 
behalf by the Reserve Bank in its capacity as fiscal agent of the United 
States.
    Payee (or ``you'') means the person or persons to whom a fiscal 
agency check is made payable.
    Payor Reserve Bank means the Reserve Bank on which a fiscal agency 
check is drawn.
    Presenting bank means a depository institution that sends a fiscal 
agency check directly to a Reserve Bank for payment or collection.
    Reserve Bank or Federal Reserve Bank means any Federal Reserve Bank 
or any branch of a Federal Reserve Bank.
    Security, for the purpose of this part, means a direct obligation of 
the United

[[Page 350]]

States, including a Treasury bill, note, bond or savings bond/note.
    We (or ``us'') refers to the Secretary of the Treasury and the 
Secretary's delegates at the Treasury Department and the Bureau of the 
Public Debt. The term also extends to any fiscal or financial agency 
acting on behalf of the United States when designated to act by the 
Secretary or the Secretary's delegates. The term does not refer to a 
United States Savings Bond issuing or paying agent.