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 26 - INTERNAL REVENUE CODE U.S. Code: Title 31 - MONEY AND FINANCE
Title 31 published on 08-Apr-2017 03:32
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR Part 344 after this date.
2012-06-07; vol. 77 # 110 - Thursday, June 7, 2012 77 FR 33634 - U.S. Treasury Securities—State and Local Government Series
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FR Doc. 2012-13779 RIN Department of the Treasury Circular, Public Debt Series No. 3-72
DEPARTMENT OF THE TREASURY, Fiscal Service Final rule. This final rule is effective June 7, 2012. 31 CFR Part 344 Summary The Department of the Treasury (Treasury) is issuing this final rule to revise the regulations governing State and Local Government Series (SLGS) securities. SLGS securities are non-marketable Treasury securities that are only available for purchase by issuers of tax-exempt securities. Current financial market conditions have resulted in extraordinarily low yields in the secondary market for some marketable Treasury securities. As a result, rates applicable to non-marketable State and Local Government Series (SLGS) securities sold to issuers of tax-exempt securities could be negative. To prevent this, Treasury is instituting a floor on the daily SLGS rate, by amending the definition of “SLGS rate” and the definition of the “annualized effective Demand Deposit rate” for Demand Deposit SLGS securities. Additionally, Treasury is revising the definition of “Y” in the annualized effective Demand Deposit rate calculation formula to clarify the calculation method to be used during a year that contains a leap day.
