§321.14. Transmittal to and settlement with a Federal Reserve Processing Site.
31 C.F.R. § 321.14
Except for eligible securities redeemed on exchange pursuant to § 321.8, a paying agent shall transmit for payment all redeemed securities to a Federal Reserve Processing Site in accordance with the Federal Reserve Operating Circular.
Notes, amendments, and revision history
Amendments
[77 FR 16167, Mar. 20, 2012]
Authority
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 321; 31 U.S.C. 3105, 3126.
Source
Source: 53 FR 37511, Sept. 26, 1988, unless otherwise noted.
Amendments
[77 FR 16167, Mar. 20, 2012]