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CFR › Title 31 › Subtitle B › Chapter II › Subchapter B › Part 344 › Subpart A › Section 344.0

31 CFR 344.0 - What does this part cover?

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§ 344.0
What does this part cover?
(a) What is the purpose of the SLGS securities offering? The Secretary of the Treasury (the Secretary) offers for sale non-marketable State and Local Government Series (SLGS) securities to provide issuers of tax-exempt securities with investments from any eligible source of funds (as defined in § 344.1 ).
(b) What types of SLGS securities are governed by this part? This part governs the following SLGS securities:
(1) Time Deposit securities— may be issued as:
(i) Certificates of indebtedness;
(ii) Notes; or
(iii) Bonds.
(2) Demand Deposit securities— may be issued as certificates of indebtedness.
(3) Special Zero Interest securities. Special Zero Interest securities, which were discontinued on October 28, 1996, were issued as:
(i) Certificates of indebtedness; or
(ii) Notes.
(c) In what denominations are SLGS securities issued? SLGS securities are issued in the following denominations:
(1) Time Deposit securities— a minimum amount of $1,000, or in any larger whole dollar amount; and
(2) Demand Deposit securities— a minimum amount of $1,000, or in any larger amount, in any increment.
(d) How long is the offering in effect? The offering continues until terminated by the Secretary.

Title 31 published on 2012-07-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC: Title 26a

§ 141 note

USC : Title 31 - MONEY AND FINANCE

§ 3102 - Bonds

§ 3103 - Notes

§ 3104 - Certificates of indebtedness and Treasury bills

§ 3121 - Procedure