Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds; Regulations Governing Payments by the Automated Clearing House Method on Account of United States Securities

Résumé

The Department of the Treasury (``Department'' or ``Treasury'') is issuing in final form an amendment to 31 CFR Part 370 (Regulations Governing Payments by the Automated Clearing House Method on Account of United States Securities) to permit purchasers of United States securities, where authorized by the appropriate offering circular, to pay for their securities by means of a debit entry to their deposit account by the Automated Clearing House (ACH) method. The amendment will offer investors an additional means of payment for the purchase of their securities. Also, this final rule amends 31 CFR Part 356 (Uniform Offering Circular for the Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds). The amendment will authorize bidders in Treasury security auctions to make payment for awarded Treasury securities by approved electronic means.