[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: 31CFR358.0]

[Page 428]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 358--REGULATIONS GOVERNING BOOK-ENTRY CONVERSION OF BEARER CORPORA AND DETACHED BEARER COUPONS--Table of Contents
 
Sec. 358.0  What does this part cover?

    (a) This part applies to the conversion to book-entry of United 
States Treasury bearer corpora and detached bearer coupons.
    (b) These instruments are accepted from depository institutions for 
conversion under the Bearer Corpora Conversion System (BECCS) and 
Coupons Under Book Entry Safekeeping (CUBES) programs.
    (1) For coupons converted after November 1, 2000, these regulations 
supersede the terms and conditions governing CUBES set forth in the 
written ``Agreements to the Terms and Conditions Governing CUBES'' 
signed by depository institutions that previously participated in the 
CUBES program.
    (2) Depository institutions that submit bearer corpora and detached 
bearer coupons are deemed to agree to the terms and conditions in this 
part and any other requirements we may prescribe.