31 C.F.R. § 317.9   Role of Federal Reserve Banks.


Title 31 - Money and Finance: Treasury


Title 31: Money and Finance: Treasury
PART 317—REGULATIONS GOVERNING AGENCIES FOR ISSUE OF UNITED STATES SAVINGS BONDS

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§ 317.9   Role of Federal Reserve Banks.

(a) Role as fiscal agents. In their capacity as fiscal agents of the United States, the Federal Reserve Banks referred to below are authorized to perform such duties, including the issuance of instructions and forms, as may be necessary to fulfill the purposes and requirements of these regulations.

(b) The following Federal Reserve Offices have been designated to provide savings bond services:

 ------------------------------------------------------------------------                                     Reserve districts   Geographic area          Servicing office                 served            served------------------------------------------------------------------------Federal Reserve Bank, Buffalo        New York, Boston.  CT, MA, ME, NH, Branch, P.O. Box 961, Buffalo, NY                       NJ (northern 14240.                                                  half), NY (City                                                         & State),                                                         RI, VT, Puerto                                                         Rico and Virgin                                                         Islands.Federal Reserve Bank, Pittsburgh     Cleveland,         DE, KY (eastern Branch, P.O. Box 867, Pittsburgh,    Philadelphia.      half), NJ PA 15230.                                               (southern                                                         half), OH, PA,                                                         WV (northern                                                         panhandle).Federal Reserve Bank of Richmond,    Richmond, Atlanta  AL, DC, FL, LA P.O. Box 27622, Richmond, VA 23261.                     (southern                                                         half), MD, MS                                                         (southern                                                         half), NC, SC,                                                         TN (eastern                                                         half), VA, WV,                                                         (except                                                         northern                                                         panhandle).Federal Reserve Bank of              Minneapolis,       IA, IL (northern Minneapolis, 90 Hennepin Avenue,     Chicago.           half), IN Minneapolis MN 55401.                                   (northern                                                         half), MI, MN,                                                         MT, ND, SD, WI.Federal Reserve Bank of Kansas       Dallas, San        AK, AR, AZ, CA, City, 925 Grand Avenue, Kansas       Francisco,         CO, HI, ID, IL City, MO 64198.                      Kansas City, St.   (southern                                      Louis.             half), IN                                                         (southern                                                         half), KS, KY                                                         (western half),                                                         LA (northern                                                         half), MO, MS                                                         (northern                                                         half), NE, NM,                                                         NV, OK, OR, TN                                                         (western half),                                                         TX, WA, WY, UT                                                         and GU.------------------------------------------------------------------------

(c) Specific activities of designated Federal Reserve Banks. The specific activities of designated Federal Reserve Banks include:

(1) Qualifying issuing agents;

(2) Supplying agents with bond stock, maintaining records of agent accountability, and monitoring compliance with stock consignment rules;

(3) Instructing agents regarding the sale and issue of bonds, the custody and control of bond stock, and the accounting for and remittance of sales proceeds; and

(4) Providing guidelines covering the amount of bond stock agents may ordinarily requisition and maintain.

[54 FR 40830, Oct. 3, 1989, as amended at 59 FR 10536, Mar. 4, 1994; 63 FR 38041, July 14, 1998]

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