31 C.F.R. § 585.504 Investment and reinvestment of certain funds.
Title 31 - Money and Finance: Treasury
U.S. financial institutions are hereby authorized to invest and reinvest assets blocked pursuant to §585.201, subject to the following conditions: (a) The assets representing such investments and reinvestments are credited to a blocked account or subaccount which is held in the same name at the same U.S. financial institution, or within the possession or control of a U.S. person, but in no case may funds be transferred outside the United States for this purpose; and (b) The proceeds of such investments and reinvestments are not credited to a blocked account or subaccount under any name or designation which differs from the name or designation of the specific blocked account or subaccount in which such funds or securities were held; and (c) No immediate financial or economic benefit accrues (e.g., through pladging or other use) to any person whose property or interests in property are blocked pursuant to §585.201. [58 FR 13201, Mar. 10, 1993, as amended at 60 FR 34146, June 30, 1995]
Title 31: Money and Finance: Treasury
PART 585—FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) AND BOSNIAN SERB-CONTROLLED AREAS OF THE REPUBLIC OF BOSNIA AND HERZEGOVINA SANCTIONS REGULATIONS
Subpart E—Licenses, Authorizations, and Statements of Licensing Policy
§ 585.504 Investment and reinvestment of certain funds.
