31 CFR § 363.26 - What is a transfer?
§ 363.26 What is a transfer?
(a) A transfer is a transaction to:
(1) Move a Treasury security, or a portion of a Treasury security, from one account to another within TreasuryDirect ®;
(2) Move a marketable Treasury security to or from a TreasuryDirect account and an account in the commercial book-entry system;
(3) Move a marketable Treasury security to a TreasuryDirect account from a Legacy Treasury Direct® account.
(b) Transfers of a specific type of security may be limited by the subparts that refer to that security.
(c) Gift delivery is not a transfer. A transfer does not include delivery of a gift savings bond from the donor to the recipient. This is referred to as a delivery.