A self-insurer or a self-insurer applicant electing to deposit
negotiable securities to secure its obligations under the Act in the
amount fixed by the Office under the regulations in this part shall
deposit any negotiable securities acceptable as security for the deposit
of public monies of the United States under regulations issued by the
Secretary of the Treasury. (See 31 CFR part 225.) The approval,
valuation, acceptance, and custody of such securities is hereby
committed to the several Federal Reserve Banks and the Treasurer of the
United States.