§375.3. What is the role of the Federal Reserve Bank of New York in this process?
31 C.F.R. § 375.3
As fiscal agent of the United States, the Federal Reserve Bank of New York performs various activities necessary to conduct a redemption operation under this part. These activities may include but are not limited to:
Accepting and reviewing tenders;
Calculating redemption operation results;
Issuing notices of redemptions;
Accepting deliveries of Treasury securities at settlement; and
Processing the Treasury payment for securities delivered at settlement.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 31 U.S.C. 321; 31 U.S.C. 3111; 12 U.S.C. 391.
Source
Source: 65 FR 3116, Jan. 19, 2000, as amended at 91 FR 15541, Mar. 30, 2026, unless otherwise noted.