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31 CFR 358.14 - What happens when securities are accepted for conversion?

§ 358.14
What happens when securities are accepted for conversion?
(a) After processing and initial verification, we will transfer the securities accepted to the depository institution's book-entry account, establishing a securities entitlement in TRADES according to 31 CFR part 357 subpart B.
(b) We will do the final verification within twenty (20) business days of initial receipt of the bearer corpora and detached bearer coupons.
(c) If at any time after this twenty (20) day period we determine that the security was improperly credited to the BECCS or CUBES account of the depository institution, such as in the case of a previously undetected, counterfeit security, we reserve the right to adjust the BECCS or CUBES account.

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 21 - FOOD AND DRUGS

§ 351 - Adulterated drugs and devices

§ 353 - Exemptions and consideration for certain drugs, devices, and biological products

USC : Title 31 - MONEY AND FINANCE

§ 3101 - Public debt limit

§ 3101A - Presidential modification of the debt ceiling

§ 3102 - Bonds

§ 3103 - Notes

§ 3104 - Certificates of indebtedness and Treasury bills

§ 3105 - Savings bonds and savings certificates

§ 3106 - Retirement and savings bonds

§ 3107 - Increasing interest rates and investment yields on retirement bonds

§ 3108 - Prohibition against circulation privilege

§ 3109 - Tax and loss bonds

§ 3110 - Sale of obligations of governments of foreign countries

§ 3111 - New issue used to buy, redeem, or refund outstanding obligations

§ 3112 - Sinking fund for retiring and cancelling bonds and notes

§ 3113 - Accepting gifts