TREASURY DIRECTIVE 13-01

Date: May 20, 1999

Sunset Review: May 20, 2003

SUBJECT: Delegation of Authority to the Assistant Secretary (Financial Markets) for the Government Securities Act of 1986 and the Government Securities Act Amendments of 1993 ("GSAA of 1993")

1. PURPOSE. This Directive delegates to the Assistant Secretary (Financial Markets) the authority under the Government Securities Act of 1986 and the GSAA of 1993 ("Acts").

2. BACKGROUND. These Acts require the Secretary of the Treasury to promulgate certain regulations concerning government securities brokers and dealers. The Secretary's authority has been delegated to the Under Secretary (Domestic Finance) by Treasury Order (TO) 100-06, "Delegation of Authority to the Under Secretary (Domestic Finance) for the Government Securities Act of 1986 and Government Securities Act Amendments of 1993."

3. DELEGATION. The authority of the Secretary of the Treasury under the Government Securities Act of 1986, and the GSAA of 1993, to exercise and to perform all duties, powers, rights, and obligations under those Acts, which authority is vested in the Under Secretary (Domestic Finance) pursuant to 100-06, is hereby redelegated to the Assistant Secretary (Financial Markets).

4. REDELEGATION.

a. The Assistant Secretary (Financial Markets) may redelegate the authority delegated herein to any official under the supervision of the Assistant Secretary or to the Fiscal Assistant Secretary.

b. Matters delegated to the Fiscal Assistant Secretary may, with the consent of the Assistant Secretary (Financial Markets), be redelegated by the Fiscal Assistant Secretary to any official under the supervision of the Fiscal Assistant Secretary.

5. AUTHORITIES.

a. The Government Securities Act of 1986 (Pub. L. 99-571).

b. The GSAA of 1993 (Pub. L. 103-202).

c. TO 100-06, "Delegation of Authority to the Under Secretary (Domestic Finance) for the Government Securities Act of 1986 and Government Securities Act Amendments of 1993."

6. CANCELLATION. Treasury Directive 13-01, "Delegation of Authority to the Assistant Secretary (Financial Markets) for the Government Securities Act of 1986 and the Government Securities Act Amendments of 1993 ("GSAA of 1993"), dated March 8, 1996, is superseded.

7. OFFICE OF PRIMARY INTEREST. Office of the Under Secretary (Domestic Finance).