[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR810.1]



[Page 733]

 

                       TITLE 12--BANKS AND BANKING

 

                  CHAPTER VIII--FEDERAL FINANCING BANK

 

PART 810_FEDERAL FINANCING BANK BILLS--Table of Contents

 

Sec. 810.1  Description of Federal Financing Bank bills.



    (a) General. Federal Financing Bank bills are bearer obligations of 

the Federal Financing Bank, the terms of which provide for payment of a 

specified amount on a specified date. They are issued only by Federal 

Reserve Banks and Branches, pursuant to tenders accepted by the Federal 

Financing Bank, and are available in both definitive and book-entry 

form. Where issued as a definitive security, it shall not be valid 

unless the issue date, the maturity date and the CUSIP number are 

imprinted thereon.

    (b) Denominations. Federal Financing Bank bills will be issued in 

denominations of $10,000, $15,000, $50,000, $100,000, $500,000 and 

$1,000,000 (maturity value).