31 CFR 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
(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.