[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR357.43]

[Page 429]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 357_REGULATIONS GOVERNING BOOK-ENTRY TREASURY BONDS, NOTES AND BILLS HELD 
 
                     Subpart D_Additional Provisions
 
Sec.  357.43  Liability for transfers to and from Legacy Treasury Direct 

[reg].

    A depository institution or other entity that transfers to, or 
receives, a security from Legacy Treasury Direct is deemed to be acting 
as agent for its customer and agrees thereby to indemnify the United 
States and the Federal Reserve Banks for any claim, liability, or loss 
resulting from the transaction.