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 2005_register executive 2014-05-29 article Part IV Rules and Regulations D09002ee1c810bad1 D09002ee1c810bc07 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 New Treasury Direct is an account-based, book-entry, online system for purchasing, holding, and conducting transactions in Treasury securities. The system has been referred to as New Treasury Direct because there is an older system concurrently operating that is also named Treasury Direct, for marketable securities only, with different governing regulations. This rule renames the older version of Treasury Direct as Legacy Treasury Direct, and renames New Treasury Direct as, simply, TreasuryDirect (one word). In addition, this rule simplifies the regulatory structure for TreasuryDirect. Initially, we began the system with only one security. Since that time, we have added several securities to the system, each with its own governing subpart. Many of the rules in the subparts governing individual securities are repetitive. For instance, the provisions for decedents' estates differ only slightly in subpart C (savings bonds) from provisions in subpart D (certificates of indebtedness), and subpart E (converted savings bonds). Rather than repeat similar provisions for each security, this rule will integrate the similar provisions into one provision that will apply to all securities in the system. The integrated provisions will be contained in subpart B, which applies to all securities held within the system. Provisions that affect only one security will be contained within the subpart governing that security. In condensing and moving provisions, we are not making substantive changes. We are also amending provisions relating to Internal Revenue Service levies to provide that we will honor levies against the secondary owner of securities owned in the primary/secondary form of ownership if the levy is received at a date when the secondary owner has a right to redeem the security. 70 FR 57428 https://www.govinfo.gov/app/details/FR-2005-09-30/05-19551 05-19551 fr30se05-35 4810-39-P Docket No. BPD-33-05-01 https://www.govinfo.gov/app/details/FR-2005-09-30/05-19551 https://www.govinfo.gov/content/pkg/FR-2005-09-30/html/05-19551.htm https://www.govinfo.gov/content/pkg/FR-2005-09-30/pdf/05-19551.pdf Government Securities Bonds Banks Banking Electronic Funds Transfers Reporting and Recordkeeping Requirements Electronic Funds Transfer Federal Reserve System Securities 10 p. 57428 57437 70 FR 57428 Title 31 Part 306 31 CFR Part 306 Title 31 Part 315 31 CFR Part 315 Title 31 Part 353 31 CFR Part 353 Title 31 Part 357 31 CFR Part 357 Title 31 Part 360 31 CFR Part 360 Title 31 Part 363 31 CFR Part 363 General Regulations Governing U.S. Securities; Regulations Governing U.S. Savings Bonds, Series A, B, C, D, E, F, G, H, J, and K, and U.S. Savings Notes; Regulations Governing United States Savings Bonds, Series EE and HH; Regulations Governing Book-Entry Treasury Bonds, Notes and Bills (Department of the Treasury Circular, Public Debt Series No. 2-86); Regulations Governing Definitive United States Savings Bonds, Series I; Regulations Governing Securities Held in the New Treasury Direct System; Federal Register Vol. 70, Issue RULE 05-19551 IV DEPARTMENT OF THE TREASURY Fiscal Service 2005-09-30 Docket No. BPD-33-05-01 4810-39-P 05-19551 Final rule.

New Treasury Direct is an account-based, book-entry, online system for purchasing, holding, and conducting transactions in Treasury securities. The system has been referred to as New Treasury Direct because there is an older system concurrently operating that is also named Treasury Direct, for marketable securities only, with different governing regulations. This rule renames the older version of Treasury Direct as Legacy Treasury Direct, and renames New Treasury Direct as, simply, TreasuryDirect (one word). In addition, this rule simplifies the regulatory structure for TreasuryDirect. Initially, we began the system with only one security. Since that time, we have added several securities to the system, each with its own governing subpart. Many of the rules in the subparts governing individual securities are repetitive. For instance, the provisions for decedents' estates differ only slightly in subpart C (savings bonds) from provisions in subpart D (certificates of indebtedness), and subpart E (converted savings bonds). Rather than repeat similar provisions for each security, this rule will integrate the similar provisions into one provision that will apply to all securities in the system. The integrated provisions will be contained in subpart B, which applies to all securities held within the system. Provisions that affect only one security will be contained within the subpart governing that security. In condensing and moving provisions, we are not making substantive changes. We are also amending provisions relating to Internal Revenue Service levies to provide that we will honor levies against the secondary owner of securities owned in the primary/secondary form of ownership if the levy is received at a date when the secondary owner has a right to redeem the security.

Effective: September 30, 2005. 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. Government Securities Bonds Banks Banking Electronic Funds Transfers Reporting and Recordkeeping Requirements Electronic Funds Transfer Federal Reserve System Securities Bonds and notes and securities, U.S. Treasury: Legacy Treasury Direct and TreasuryDirect; systems update and regulations simplification, elisha.whipkey@bpd.treas.gov susan.klimas@bpd.treas.gov http://www.gpoaccess.gov/ecfr http://www.publicdebt.treas.gov Vol. 70, no. 189 Office of the Federal Register, National Archives and Records Administration 2005-09-30 continuing daily deposited born digital 375 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2005-09-30 P0b002ee1892c59a1 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr30se05 https://www.govinfo.gov/app/details/FR-2005-09-30 https://www.govinfo.gov/content/pkg/FR-2005-09-30/pdf/FR-2005-09-30.pdf https://www.govinfo.gov/content/pkg/FR-2005-09-30/xml/FR-2005-09-30.xml fdlp 57121 57482 DGPO 2014-05-29 2024-06-06 FR-2005-09-30 machine generated eng FR FR-2005-09-30 70 189