[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR363.10]

[Page 481]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 363_REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT--Table 
of Contents
 
Subpart B_General Provisions Governing Securities Held in TreasuryDirect
 
Sec.  363.10  What is a TreasuryDirect[supreg] account?

    A TreasuryDirect account is an online account maintained by us 
solely in your name in which you may hold and conduct transactions in 
eligible book-entry Treasury securities.
    (a) Primary Account. Your primary account that you establish when 
initially opening your TreasuryDirect account may contain the following 
Treasury securities:
    (1) Treasury securities purchased initially as book-entry securities 
that are your personal holdings, in sole owner, owner with beneficiary, 
and primary owner with secondary owner forms of registration;
    (2) Gifts of savings bonds that have not yet been delivered;
    (3) Converted savings bonds that you have transferred from your 
conversion linked account.
    (b) Linked account. A linked account is an account that is a 
separate account from your primary account, but that is connected to 
your primary account. You use your primary account as a portal to open 
and access the linked account. Linked accounts include the following:
    (1) Custom account. A custom account is an account that is linked to 
your primary account. You use your primary account as the portal to open 
and access your custom account. You may informally designate a purpose 
for the custom account, for example, ``vacation fund'', or ``Johnny's 
college fund''. However, the designation as to purpose has no legal 
effect; the registration of the securities held in the custom account 
determines ownership (Annual purchase limitations include securities 
held in custom accounts). You may use your custom account to buy, redeem 
and transfer securities that you own in sole owner, owner with 
beneficiary, and primary owner with secondary owner forms of 
registration. You may also buy and deliver gift savings bonds from your 
custom account.
    (2) Minor account. A minor account is an account established by a 
custodian for a person who has not yet reached the age of 18 years. A 
minor account is linked to the custodian's primary account. The minor is 
the owner of the securities, but the custodian controls the account on 
behalf of the minor. (See Sec.  363.27 for more information about minor 
accounts.)
    (3) Conversion account means a linked account in TreasuryDirect that 
contains only savings bonds that have been converted from definitive 
bonds to book-entry bonds.

[69 FR 2507, Jan. 16, 2004, as amended at 70 FR 14943, Mar. 23, 2005. 
Redesignated at 70 FR 57433, Sept. 30, 2005, as amended at 70 FR 57442, 
Sept. 30, 2005]