[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR344.0]

[Page 272-273]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 344_U.S. TREASURY SECURITIES_STATE AND LOCAL GOVERNMENT SERIES
--Table of Contents
 
                      Subpart A_General Information
 
Sec.  344.0  What does this part cover?




                      Subpart A_General Information

Sec.
344.0 What does this part cover?

[[Page 273]]

344.1 What special terms do I need to know to understand this part?
344.2 What general provisions apply to SLGS securities?

                     LGSafe[reg] Service

344.3 What provisions apply to the SLGSafe Service?

                    Subpart B_Time Deposit Securities

344.4 What are Time Deposit securities?
344.5 What other provisions apply to subscriptions for Time Deposit 
          securities?
344.6 How do I redeem a Time Deposit security before maturity?

                   Subpart C_Demand Deposit Securities

344.7 What are Demand Deposit securities?
344.8 What other provisions apply to subscriptions for Demand Deposit 
          securities?
344.9 How do I redeem a Demand Deposit security?

               Subpart D_Special Zero Interest Securities

344.10 What are Special Zero Interest securities?
344.11 How do I redeem a Special Zero Interest security before maturity?

Appendix A to Part 344--Early Redemption Market Charge Formulas and 
          Examples for Subscriptions From December 28, 1976, Through 
          October 27, 1996
Appendix B to Part 344--Formula for Determining Redemption Value for 
          Securities Subscribed for and Early-Redeemed On or After 
          October 28, 1996

    Authority: 26 U.S.C. 141 note; 31 U.S.C. 3102, 3103, 3104, and 3121.

    Source: 65 FR 55405, Sept. 13, 2000, unless otherwise noted.


    Source: 70 FR 37911, June 30, 2005, unless otherwise noted.


    (a) What is the purpose of the SLGS securities offering? The 
Secretary of the Treasury (the Secretary) offers for sale non-marketable 
State and Local Government Series (SLGS) securities to provide issuers 
of tax-exempt securities with investments from any eligible source of 
funds (as defined in Sec.  344.1).
    (b) What types of SLGS securities are governed by this part? This 
part governs the following SLGS securities:
    (1) Time Deposit securities--may be issued as:
    (i) Certificates of indebtedness;
    (ii) Notes; or
    (iii) Bonds.
    (2) Demand Deposit securities--may be issued as certificates of 
indebtedness.
    (3) Special Zero Interest securities. Special Zero Interest 
securities, which were discontinued on October 28, 1996, were issued as:
    (i) Certificates of indebtedness; or
    (ii) Notes.
    (c) In what denominations are SLGS securities issued? SLGS 
securities are issued in the following denominations:
    (1) Time Deposit securities--a minimum amount of $1,000, or in any 
larger whole dollar amount; and
    (2) Demand Deposit securities--a minimum amount of $1,000, or in any 
larger amount, in any increment.
    (d) How long is the offering in effect? The offering continues until 
terminated by the Secretary.