(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
(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
(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.