[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: 31CFR358.10]

[Page 430]
 
                  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. 358.10  How are amounts of less than one dollar credited?

    Only full dollar amounts can be held in CUBES; principal amounts 
that include cents cannot be held in CUBES. Upon the conversion of 
coupons to CUBES, amounts of less than one dollar in aggregate per CUBES 
CUSIP will not be credited to the account of the depository institution.

    Example: A depository institution submits five coupons with face 
amount of $346.88 each, and a total dollar amount of $1,734.40. Upon 
conversion of these coupons to CUBES, only $1,734.00 will be credited to 
the depository institution's account.