31 CFR 330.4 - Guaranty given to the United States.

§ 330.4 Guaranty given to the United States.

By the act of paying or submitting to any Federal Reserve Processing Site, any TRS Site, or any Treasury office authorized to redeem securities, a security on which it has affixed the special endorsement, a paying agent shall be deemed to have:

(a) Unconditionally guaranteed to the United States the validity of the transaction, including the identification of the owner and the disposition of the proceeds or the new bonds, as the case may be, in accordance with the presenter's instruction;

(b) Assumed complete and unconditional liability to the United States for any loss which may be incurred by the United States as a result of the transaction; and

(c) Unconditionally agreed to make prompt reimbursement for the amount of any loss, upon request of the Department of the Treasury.

[ 77 FR 16169, Mar. 20, 2012]

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.

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United States Code
U.S. Code: Title 31 - MONEY AND FINANCE

Title 31 published on 18-Mar-2017 03:27

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR Part 330 after this date.

  • 2012-03-20; vol. 77 # 54 - Tuesday, March 20, 2012
    1. 77 FR 16165 - United States Savings Bonds and Notes; Payments
      GPO FDSys XML | Text
      DEPARTMENT OF THE TREASURY, Fiscal Service
      Final rule.
      Effective date: April 11, 2012.
      31 CFR Parts 321 and 330