United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2002_register executive 2010-09-23 article Part V Rules and Regulations D09002ee1c818c937 D09002ee1c818ca1f United States Department of the Treasury originator org United States Government Agency or Subagency United States Fiscal Service originator org United States Government Agency or Subagency We are implementing a new book-entry, online system for purchasing, holding and conducting transactions in Treasury securities. The system is known as New Treasury Direct. The only Treasury security that may be held in New Treasury Direct at its initial implementation is the book-entry Series I savings bond. We plan to make the system available for other Treasury securities in the future as we expand the system. We are adding a new part to provide the governing regulations specific to the New Treasury Direct system, and the governing regulations for the book-entry Series I savings bond. The new part will, in the future, provide governing regulations for other eligible Treasury securities as we expand the system. Although most of the functionalities for the New Treasury Direct system will be available at the initial public implementation, a few functionalities will be delayed for a period of time. The delayed functionalities are those affecting the accounts of minors, the granting of viewing and transaction rights for secondary owners, and the granting of viewing rights for beneficiaries and others. Therefore, the regulations will have dual effective dates. The sections of part 363 that will be available at initial implementation will be effective upon publication in the Federal Register. The sections, or parts of sections, of part 363 that will not be implemented initially will have a delayed effective date. We will announce the effective date of the affected sections by a Final Rule in the Federal Register. We revised the offering of United States savings bond of Series I to provide for the book-entry Series I savings bonds. We also rewrote the regulations in plain language. We revised the regulations governing United States savings bonds of Series I to make it clear that the regulations only refer to definitive Series I savings bonds. We revised the regulations governing book-entry Treasury bonds, notes and bills, to make clear the differences between TreasuryDirect, an existing book-entry system for purchasing and holding marketable Treasury securities, and the New Treasury Direct. We revised the offering of United States savings bonds of Series I, and the offering of United States savings bonds of Series EE, to permit the mailing of savings bonds to foreign addresses under certain circumstances. 67 FR 64276 https://www.govinfo.gov/app/details/FR-2002-10-17/02-26406 02-26406 fr17oc02-12 4810-39-P https://www.govinfo.gov/app/details/FR-2002-10-17/02-26406 https://www.govinfo.gov/content/pkg/FR-2002-10-17/html/02-26406.htm https://www.govinfo.gov/content/pkg/FR-2002-10-17/pdf/02-26406.pdf Bonds Federal Reserve System Government Securities Electronic Funds Transfer Securities 20 p. 64276 64295 67 FR 64276 Title 31 Part 351 31 CFR Part 351 Title 31 Part 357 31 CFR Part 357 Title 31 Part 359 31 CFR Part 359 Title 31 Part 360 31 CFR Part 360 Title 31 Part 363 31 CFR Part 363 Regulations Governing Treasury Securities; New Treasury Direct System; Federal Register Vol. 67, Issue RULE 02-26406 V DEPARTMENT OF THE TREASURY Fiscal Service 2002-10-17 4810-39-P 02-26406 Final rule.

We are implementing a new book-entry, online system for purchasing, holding and conducting transactions in Treasury securities. The system is known as New Treasury Direct. The only Treasury security that may be held in New Treasury Direct at its initial implementation is the book-entry Series I savings bond. We plan to make the system available for other Treasury securities in the future as we expand the system. We are adding a new part to provide the governing regulations specific to the New Treasury Direct system, and the governing regulations for the book-entry Series I savings bond. The new part will, in the future, provide governing regulations for other eligible Treasury securities as we expand the system. Although most of the functionalities for the New Treasury Direct system will be available at the initial public implementation, a few functionalities will be delayed for a period of time. The delayed functionalities are those affecting the accounts of minors, the granting of viewing and transaction rights for secondary owners, and the granting of viewing rights for beneficiaries and others. Therefore, the regulations will have dual effective dates. The sections of part 363 that will be available at initial implementation will be effective upon publication in the Federal Register. The sections, or parts of sections, of part 363 that will not be implemented initially will have a delayed effective date. We will announce the effective date of the affected sections by a Final Rule in the Federal Register. We revised the offering of United States savings bond of Series I to provide for the book-entry Series I savings bonds. We also rewrote the regulations in plain language. We revised the regulations governing United States savings bonds of Series I to make it clear that the regulations only refer to definitive Series I savings bonds. We revised the regulations governing book-entry Treasury bonds, notes and bills, to make clear the differences between TreasuryDirect, an existing book-entry system for purchasing and holding marketable Treasury securities, and the New Treasury Direct. We revised the offering of United States savings bonds of Series I, and the offering of United States savings bonds of Series EE, to permit the mailing of savings bonds to foreign addresses under certain circumstances.

Effective October 17, 2002. However, sections 363.24(e), (f), (g), (h), (m), 363.27, 363.28, 363.29, 363.30, 363.31, 363.32, and 363.69(d), (e), (f), (g), are stayed indefinitely; the Fiscal Service will announce the effective date(s) when they will take effect. Elisha Whipkey, Director, Division of Program Administration, Office of Securities Operations, Bureau of the Public Debt, at (304) 480-6319 or elisha.whipkey@bpd.treas.gov. Susan Klimas, Attorney-Adviser, Office of the Chief Counsel, Bureau of the Public Debt, at (304) 480-8692 or susan.klimas@bpd.treas.gov. Dean Adams, Assistant Chief Counsel, Office of the Chief Counsel, Bureau of the Public Debt, at (304) 480-8692 or dean.adams@bpd.treas.gov. Edward Gronseth, Deputy Chief Counsel, Bureau of the Public Debt, at (304) 480-8692 or edward.gronseth@bpd.treas.gov. Bonds Federal Reserve System Government Securities Electronic Funds Transfer Securities Book-entry Treasury bonds, notes, and bills: New Treasury Direct system, dean.adams@bpd.treas.gov edward.gronseth@bpd.treas.gov elisha.whipkey@bpd.treas.gov savbonds@bpd.treas.gov susan.klimas@bpd.treas.gov treasury.direct@bpd.treas.gov http://www.publicdebt.treas.gov www.savingsbonds.gov Vol. 67, no. 201 Office of the Federal Register, National Archives and Records Administration 2002-10-17 continuing daily deposited born digital 287 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2002-10-17 P0b002ee1809d0127 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr17oc02 https://www.govinfo.gov/app/details/FR-2002-10-17 https://www.govinfo.gov/content/pkg/FR-2002-10-17/pdf/FR-2002-10-17.pdf https://www.govinfo.gov/content/pkg/FR-2002-10-17/xml/FR-2002-10-17.xml fdlp 64027 64306 DGPO 2010-09-23 2024-06-07 FR-2002-10-17 machine generated eng FR FR-2002-10-17 67 201