[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: 31CFR363.22]

[Page 484-485]
 
                  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 B_General Provisions Governing Securities Held in TreasuryDirect
 
Sec.  363.22  Who has the right to conduct online transactions in 
book-entry securities?

    (a) Single owner form of registration. A single owner can conduct 
transactions in securities held in his or her TreasuryDirect account.
    (b) Owner with beneficiary form of registration. The owner can 
conduct transactions in securities held in his or her TreasuryDirect 
account. The beneficiary has no rights during the lifetime of the owner 
and therefore cannot conduct transactions in the securities.
    (c) Primary owner with secondary owner form of registration. (1) The 
primary owner can conduct any permitted transaction in a security held 
in the primary owner's TreasuryDirect account. (See Sec.  363.20(e)).
    (2) If the primary owner has given the secondary owner the right to 
conduct transactions in a security, and has not revoked that right, then 
the secondary owner can conduct transactions in the security. 
Transactions that may be conducted by the secondary owner include 
transferring a marketable security, including a transfer for a Sell 
Direct transaction, redeeming a savings bond, and changing

[[Page 485]]

the destination of interest and redemption payments for marketable 
securities.
    (d) Converted savings bonds. The rules for transactions governing 
converted savings bonds are contained in subpart E of this part.

[70 FR 57434, Sept. 30, 2005 as amended at 70 FR 57443, Sept. 30, 2005]