[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: 31CFR357.43]

[Page 412]
 
                  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 D--Additional Provisions
 
Sec. 357.43  Liability for transfers to and from TREASURY DIRECT.

    A depository institution or other entity that transfers to, or 
receives, a security from TREASURY DIRECT is deemed to be acting as 
agent for its customer and agrees thereby to indemnify the United States 
and the Federal Reserve Banks for any claim, liability, or loss 
resulting from the transaction.