---
kind: "section"
citation: "31 C.F.R. § 536.503"
title: "31"
number: "536.503"
heading: "Payments and transfers to blocked accounts in U.S. financial institutions."
url: "https://uscodex.org/cfr/31/536.503"
---

# §536.503. Payments and transfers to blocked accounts in U.S. financial institutions.

- (a) Any payment of funds or transfer of credit or other financial or economic resources or assets into a blocked account in a U.S. financial institution is authorized, provided that a transfer from a blocked account pursuant to this authorization may only be made to another blocked account held in the same name on the books of the same U.S. financial institution.
- (b) This section does not authorize any transfer from a blocked account within the United States to an account held outside the United States.

## Notes

### Amendments

[62 FR 9960, Mar. 5, 1997, as amended at 62 FR 45107, Aug. 25, 1997]

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 12978, 60 FR 54579, 3 CFR, 1995 Comp., p. 415; E.O. 13286, 68 FR 10619, 3 CFR, 2003 Comp., p. 166.

### Source

Source: 62 FR 9960, Mar. 5, 1997, unless otherwise noted.

### Amendments

[62 FR 9960, Mar. 5, 1997, as amended at 62 FR 45107, Aug. 25, 1997]