[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: 31CFR357.30]

[Page 410]
 
                  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 C--Treasury Direct Book-Entry Securities System (TREASURY 
                                 DIRECT)
 
Sec. 357.30  Cases of delay or suspension of payment.

    If evidence required by the Department in support of a transaction 
request is not received by the Department at least ten (10) business 
days before the maturity date of the security, or if payment at maturity 
has been suspended pursuant to 31 CFR 370.10, in cases of reinvestment, 
the Department will redeem the security and hold the redemption proceeds 
in the same form of registration as the security redeemed, pending 
further disposition. No other interest shall accrue or be paid on such 
proceeds after the security is redeemed.

[64 FR 40487, July 26, 1999]