Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds (Department of the Treasury Circular, Public Debt Series No. 1-93)
debt-mgmt · Fiscal Service · Rule · Published 1997-05-08 · Effective 1997-05-08 · 62 FR 25113
Document
Document number
97-12017
Federal Register citation
62 FR 25113
CFR reference
31 CFR 356
Type
Rule
Action
Final rule.
Category
debt-mgmt
Sub-agency
Fiscal Service
Publication date
1997-05-08
Effective date
1997-05-08
Abstract
The Department of the Treasury (``Treasury'' or ``Department'') is issuing in final form an amendment to 31 CFR Part 356 (Uniform Offering Circular for the Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds). This final rule codifies in the Code of Federal Regulations a change in the way the offering amounts for Treasury bill auctions are announced and auction amounts are awarded to the Federal Reserve Banks for their own account, also referred to as the System Open Market Account. The change involves treating such auction awards as additions to the announced offering amount rather than making such awards within this amount.