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Code of Federal Regulations Title 31. Money and Finance–Treasury § 31.375.3 What is the role of the Federal Reserve Bank of New York in this process?

Current as of January 02, 2025 | Updated by Findlaw Staff

As fiscal agent of the United States, the Federal Reserve Bank of New York performs various activities necessary to conduct a redemption operation under this part. These activities may include but are not limited to:

(a) Accepting and reviewing tenders;

(b) Calculating redemption operation results;

(c) Issuing notices of redemptions;

(d) Accepting deliveries of Treasury securities at settlement;  and

(e) Processing the Treasury payment for securities delivered at settlement.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 31. Money and Finance–Treasury § 31.375.3 What is the role of the Federal Reserve Bank of New York in this process? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-31-money-and-finance-treasury/cfr-sect-31-375-3/

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