[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: 31CFR363.0] [Page 475-477] TITLE 31--MONEY AND FINANCE: TREASURY CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY PART 363_REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT--Table of Contents Subpart A_General Sec. 363.0 What is the TreasuryDirect[supreg] system? Subpart A_General Sec. 363.0 What is the TreasuryDirect[supreg] system? 363.1 What Treasury securities are covered by these regulations? 363.2 What agency administers TreasuryDirect[supreg]? 363.3 [Reserved] 363.4 How is TreasuryDirect[supreg] different from the Legacy Treasury Direct system and the commercial book-entry system? 363.5 How do I contact Public Debt? 363.6 What special terms do I need to know to understand this part? 363.7-363.8 [Reserved] Subpart B_General Provisions Governing Securities Held in TreasuryDirect 363.9 What does this subpart cover? 363.10 What is a TreasuryDirect[supreg] account? 363.11 Who is eligible to open a TreasuryDirect[supreg] account? 363.12 Who may purchase and hold book-entry securities in TreasuryDirect[supreg]? 363.13 How can I open a TreasuryDirect[supreg] account? 363.14 How will you authenticate my identity? 363.15 What is the procedure for offline authentication? 363.16 How do I access my account? 363.17 Who is liable if someone else accesses my TreasuryDirect[supreg] account using my password? 363.18 Is Public Debt liable if the electronic transmission of my data is intercepted? 363.19 What should I do if I become aware that my password has become compromised? 363.20 What do I need to know about the forms of registration that are available for purchases of securities through my TreasuryDirect[supreg] account? 363.21 What transactions can I perform online through my TreasuryDirect[supreg] account? 363.22 Who has the right to conduct online transactions in book-entry securities? 363.23-363.24 [Reserved] 363.25 How do I conduct transactions in my account or in Treasury securities held in my account? 363.26 What is a transfer? 363.27 What do I need to know about accounts for minors who have not had a legal guardian appointed by a court? 363.28 Does Public Debt reserve the right to require that any TreasuryDirect[supreg] transaction be conducted in paper form? 363.29 May Treasury close an account, suspend transactions in an account, or refuse to open an account? 363.30-363.32 [Reserved] 363.33 Can an attorney-in-fact conduct transactions in my TreasuryDirect[supreg] account? 363.34 What happens if an owner becomes incompetent after opening a TreasuryDirect[supreg] account? 363.35 When is a transaction effective? 363.36 What securities can I purchase and hold in my TreasuryDirect[supreg] account? 363.37 How do I purchase and make payment for eligible Treasury securities through my TreasuryDirect[supreg] account? 363.38 What happens if my financial institution returns an ACH debit? 363.39 Will I receive a confirmation of my request to purchase a Treasury security? 363.40 How are payments of principal and interest made? 363.41 What happens if an ACH payment is returned to Public Debt? 363.42 How will my interest income be reported for tax purposes? 363.43 What are the procedures for certifying my signature on an offline application for a TreasuryDirect[supreg] account, or on an offline transaction form? 363.44 What happens when a TreasuryDirect[supreg] account owner dies and the estate is entitled to securities held in the account? 363.45 What are the rules for judicial and administrative actions involving securities held in TreasuryDirect[supreg]? 363.46 What evidence is required to establish the validity of judicial proceedings? 363.47 Will Public Debt pay Treasury securities pursuant to a forfeiture proceeding? 363.48-363.49 [Reserved] [[Page 476]] Subpart C_Book-Entry Savings Bonds Purchased Through TreasuryDirect General 363.50 What Treasury securities does this subpart cover? 363.51 [Reserved] 363.52 What amount of book-entry Series EE and I savings bonds may I purchase in one year? 363.53 What is the minimum amount of book-entry savings bonds that I may purchase in any transaction? 363.54 What is the minimum amount of a book-entry savings bond that I must hold in my account? 363.55 May I transfer my book-entry savings bonds to another person? 363.56 What is the minimum amount of book-entry savings bonds that I may transfer in any one transaction? 363.57 What is the minimum amount of book-entry savings bonds that I may redeem in any one transaction? 363.58 May book-entry savings bonds be pledged or used as collateral? 363.59-363.82 [Reserved] Minors 363.83 May an account owner transfer a book-entry savings bond to a minor? 363.84-363.94 [Reserved] Gifts 363.95 How may I give a book-entry savings bond as a gift? 363.96 What do I need to know if I initially purchase a bonds as a gift? 363.97 What do I need to know if I transfer a book-entry savings bond to another person as a gift? 363.98 [Reserved] 363.99 What is the minimum amount of a bond that I may transfer or deliver as a gift in any one transaction? 363.100 What are the rules for purchasing and delivering gift savings bonds to minors? 363.101 Can an account owner transfer a book-entry savings bond to a minor? 363.102-363.124 [Reserved] Payment 363.125 How is payment made on a book-entry savings bond? 363.126 Under what circumstances will payment be made? 363.127-363.129 [Reserved] Subpart D_Certificate of Indebtedness 363.130 What does this subpart cover? 363.131 What is a TreasuryDirect[supreg] certificate of indebtedness? 363.132 Can the sale of the certificate of indebtedness be suspended? 363.133 What happens to my certificate of indebtedness if the offering is terminated by the Secretary? 363.134 What regulations cover a certificate of indebtedness? 363.135 In what form is a certificate of indebtedness issued? 363.136 Do certificates of indebtedness pay interest? 363.137 What do I need to know about the registration of a certificate of indebtedness? 363.138 How do I purchase a certificate of indebtedness? 363.139 Is Treasury liable for the purchase of a certificate of indebtedness that is made in error? 363.140 When is a certificate of indebtedness issued? 363.141 How do I purchase a security using the redemption proceeds of my certificate of indebtedness? 363.142 May I redeem my certificate of indebtedness for cash? 363.143 What happens if an ACH payment used to purchase a certificate of indebtedness is later reversed? 363.144 May I delete a pending transaction involving a certificate of indebtedness? 363.145 May I transfer or deliver my certificate of indebtedness? 363.146 May a certificate of indebtedness be pledged or used as collateral? 363.147-363.152 [Reserved] Subpart E_Conversion of a Definitive Savings Bond 363.160 What subparts govern the conversion of definitive savings bonds? 363.161 What definitive savings bonds are eligible to be converted to book-entry bonds? 363.162 Who may convert a definitive savings bond? 363.163 How do I convert an eligible definitive savings bond? 363.164 Is a converted savings bond eligible to be converted back into a definitive bond? 363.165 What happens when I convert a savings bond that is registered in my name as the owner, either coowner, or the owner with a beneficiary? 363.166 What happens when I convert a savings bond that is not registered in my name as owner, either coowner, or owner with beneficiary (including a bond registered in the name of a minor)? 363.167 How will a converted savings bond be registered? 363.168 What rules regarding registration apply to a converted savings bond? 363.169 What transactions can I conduct in a converted savings bond on which I am registered as the single owner, either coowner, or the owner with a beneficiary? [[Page 477]] 363.170 What transactions can I conduct in a savings bond that I converted on which I am not registered as the owner, either coowner, or owner with beneficiary? 363.171 How do I redeem a converted savings bond? 363.172-363.175 [Reserved] 363.176 May a converted savings bond be pledged or used as collateral? 363.177-363.178 [Reserved] 363.179 Does Public Debt make any reservations as to the conversion of an eligible savings bond? 363.180-363.199 [Reserved] Subpart F_Marketable Treasury Securities 363.200 What Treasury securities does this subpart govern? 363.201 What other regulations govern book-entry marketable book-entry Treasury bills, notes, and bonds? 363.202 What marketable Treasury securities may I purchase and hold through my TreasuryDirect[supreg] account? 363.203 After I purchase my marketable Treasury security in TreasuryDirect[supreg], is there a period of time during which I may not transfer the security? 363.204 What registrations are available for my marketable Treasury securities held in TreasuryDirect[supreg]? 363.205 How do I reinvest the proceeds of a maturing security held in TreasuryDirect[supreg]? 363.206 How can I transfer my marketable Treasury security into my TreasuryDirect[supreg] account from another book-entry system? 363.207 Can I transfer my marketable Treasury security from my TreasuryDirect[supreg] account to another TreasuryDirect[supreg] account? 363.208 Can I transfer my marketable Treasury security from my TreasuryDirect[supreg] account to an account in another book- entry system? 363.209 How can I direct that my marketable Treasury security be sold on the open market (Sell Direct[supreg])? 363.210 Is there any period of time during which I will be unable to process certain transactions regarding my security? 363.211-363.249 [Reserved] Subpart G [Reserved] Subpart H_Miscellaneous 363.250 May Public Debt waive these regulations? 363.251 Can I be required to provide additional evidence to support a transaction? 363.252 May Public Debt amend or supplement these regulations? Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3102, et seq.; 31 U.S.C. 3121, et seq. Source: 67 FR 64286, Oct. 17, 2002, unless otherwise noted. Editorial Note: Nomenclature changes to part 363 appear at 70 FR 57433, Sept. 30, 2005 and 70 FR 57442, Sept. 30, 2005. The TreasuryDirect system (TreasuryDirect) is an online account system in which you may hold and conduct transactions in eligible book- entry Treasury securities.