[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: 31CFR356.0] [Page 365-366] TITLE 31--MONEY AND FINANCE: TREASURY CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY PART 356_SALE AND ISSUE OF MARKETABLE BOOK-ENTRY TREASURY BILLS, NOTES, AND BONDS (DEPARTMENT OF THE TREASURY CIRCULAR, PUBLIC DEBT SERIES NO. 1-93)--Table of Contents Subpart A_General Information Sec. 356.0 What authority does the Treasury have to sell and issue securities? Subpart A_General Information Sec. 356.0 What authority does the Treasury have to sell and issue securities? 356.1 To which securities does this circular apply? 356.2 What definitions do I need to know to understand this part? 356.3 What is the role of the Federal Reserve Banks in this process? 356.4 What are the book-entry systems in which auctioned Treasury securities may be issued? 356.5 What types of securities does the Treasury auction? Subpart B_Bidding, Certifications, and Payment 356.10 What is the purpose of an auction announcement? 356.11 How are bids submitted in an auction? 356.12 What are the different types of bids and do they have specific requirements or restrictions? 356.13 When must I report my net long position and how do I calculate it? 356.14 What are the requirements for submitting bids for customers? 356.15 What rules apply to bids submitted by investment advisers? 356.16 Do I have to make any certifications? 356.17 How and when do I pay for securities awarded in an auction? Subpart C_Determination of Auction Awards; Settlement 356.20 How does the Treasury determine auction awards? 356.21 How are awards at the high yield or discount rate calculated? 356.22 Does the Treasury have any limitations on auction awards? 356.23 How are the auction results announced? 356.24 Will I be notified directly of my awards and, if I am submitting bids for others, do I have to provide confirmations? 356.25 How does the settlement process work? Subpart D_Miscellaneous Provisions 356.30 When does the Treasury pay principal and interest on securities? [[Page 366]] 356.31 How does the STRIPS program work? 356.32 What tax rules apply? 356.33 Does the Treasury have any discretion in the auction process? 356.34 What could happen if someone does not fully comply with the auction rules or fails to pay for securities? 356.35 Who approved the information collections? Appendix A to Part 356--Bidder Categories Appendix B to Part 356--Formulas and Tables Appendix C to Part 356--Investment Considerations Appendix D to Part 356--Description of the Consumer Price Index Authority: 5 U.S.C. 301; 31 U.S.C. 3102, et seq.; 12 U.S.C. 391. Source: 69 FR 45202, July 28, 2004, unless otherwise noted. Editorial Note: Nomenclature changes to part 356 appear at 70 FR 57439, Sept. 30, 2005. Chapter 31 of Title 31 of the United States Code authorizes the Secretary of the Treasury to issue United States obligations, and to offer them for sale with the terms and conditions that the Secretary prescribes.