31 C.F.R. § 375.11 Who may participate in a redemption operation?
Title 31 - Money and Finance: Treasury
(a) Submitters. To be a submitter, you must be an institution that the Federal Reserve Bank of New York has approved to conduct open market transactions with the Bank. (b) Others. A person or entity other than a submitter may participate only if it arranges to have an offer or offers submitted on its behalf by a submitter.
Title 31: Money and Finance: Treasury
PART 375—MARKETABLE TREASURY SECURITIES REDEMPTION OPERATIONS
Subpart B—Offering, Certifications, and Delivery
§ 375.11 Who may participate in a redemption operation?