Legacy Treasury Direct Phaseout
Treasury is phasing out Legacy Treasury Direct. This is intended to reduce costs associated with Treasury's Retail Securities program and support Treasury's goal to increase paperless transactions.
Changes coming in October 2012:
- No purchases will be permitted after the auctions on October 22.
- No reinvestments will be permitted after the auctions on October 22.
- Reinvestments scheduled for auction dates beyond October 22 will be canceled
Changes made in May 2011:
- No new accounts are permitted in Legacy Treasury Direct.
- No transfers into Legacy Treasury Direct are permitted. We permit internal transfers between Legacy accounts and outbound transfers to TreasuryDirect or to broker/dealer accounts.
In May 2011 we also restricted the securities available for purchase and reinvestment. (Again, all purchases and reinvestments will end as of October 2012.)
Beyond October 2012
We'll maintain securities you hold in Legacy Treasury Direct until they mature. Once the securities mature, we'll deliver payments according to the instructions in your account.
Treasury Direct
As an alternative to Legacy Treasury Direct, consider using our convenient web-based account system, TreasuryDirect.
More Information
Questions and Answers about the Legacy Treasury Direct Phaseout
