---
kind: "section"
citation: "31 C.F.R. § 359.71"
title: "31"
number: "359.71"
heading: "What is the role of Federal Reserve Banks and Branches?"
url: "https://uscodex.org/cfr/31/359.71"
---

# §359.71. What is the role of Federal Reserve Banks and Branches?

- (a) **Federal Reserve Banks and Branches are fiscal agents of the United States.** They are authorized to perform such services as we may request of them, in connection with the issue, servicing and redemption of Series I bonds.
- (b) **We have currently designated the following Federal Reserve Offices to provide savings bonds services—**

## Notes

### Authority

Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.

### Source

Source: 67 FR 64278, Oct. 17, 2002, unless otherwise noted.