[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: 31CFR363.4]

[Page 477-478]
 
                  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 A_General
 
Sec.  363.4  How is TreasuryDirect[supreg] different from the Legacy 
Treasury Direct system and the commercial book-entry system?

    (a) TreasuryDirect. TreasuryDirect is a book-entry, online system 
maintained by Treasury for purchasing, holding and conducting permitted 
transactions in eligible Treasury securities in electronic form as a 
computer record on the books of Treasury. TreasuryDirect currently 
provides for the purchase and holding of eligible book-entry savings 
bonds, certificates of indebtedness, and eligible marketable Treasury 
securities.
    (b) Legacy Treasury Direct. The Legacy Treasury Direct system is a 
non-Internet-based book-entry system maintained by Treasury for 
purchasing, holding, and conducting permitted transactions in eligible 
marketable Treasury securities as book-entry products. The terms and 
conditions for

[[Page 478]]

the Legacy Treasury Direct system are found at 31 CFR part 357, subpart 
C.
    (c) Commercial book-entry system. The commercial book-entry system 
is the book-entry system in which Treasury securities are held in a 
tiered system through securities intermediaries such as financial 
institutions or brokerage firms. The regulations governing the 
commercial book-entry system are found at 31 CFR part 357, subpart B, 
and may be referred to in that part as Treasury/Reserve Automated Debt 
Entry System (TRADES).

[70 FR 57442, Sept. 30, 2005]