[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: 31CFR357.0]

[Page 392]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 357--REGULATIONS GOVERNING BOOK-ENTRY TREASURY BONDS, NOTES AND BILLS (DEPARTMENT OF THE TREASURY CIRCULAR, PUBLIC DEBT SERIES NO. 2-86)--Table of Contents
 
                     Subpart A--General Information
 
Sec. 357.0  Dual book-entry systems.


    (a) Treasury securities shall be maintained in either of the 
following two book-entry systems:
    (1) Treasury/Reserve Automated Debt Entry System (TRADES). A 
Treasury security is maintained in TRADES if it is credited by a Federal 
Reserve Bank to a Participant's Securities Account. See subpart B of 
this part for rules pertaining to TRADES.
    (2) TREASURY DIRECT Book-entry Securities System (TREASURY DIRECT). 
A Treasury security is maintained in TREASURY DIRECT if it is credited 
to a TREASURY DIRECT account as described in Sec. 357.20. Such accounts 
may be accessed by investors in accordance with subpart C of this part 
through any Federal Reserve Bank or the Bureau of the Public Debt. See 
subpart C of this part for rules pertaining to TREASURY DIRECT.
    (b) A Treasury security eligible to be maintained in TREASURY DIRECT 
under the terms of its offering circular or pursuant to notice published 
by the Secretary may be transferred to or from an account in TRADES from 
or to an account in TREASURY DIRECT in accordance with Sec. 357.22(a).

[61 FR 43628, Aug. 23, 1996]