Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds (Department of the Treasury Circular, Public Debt Series No. 1-93)

Résumé

The Department of the Treasury (``Treasury'' or ``Department'') is issuing in final form an amendment to 31 CFR Part 356 (Uniform Offering Circular for the Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds). This final rule codifies in the Code of Federal Regulations a change in the way the offering amounts for Treasury bill auctions are announced and auction amounts are awarded to the Federal Reserve Banks for their own account, also referred to as the System Open Market Account. The change involves treating such auction awards as additions to the announced offering amount rather than making such awards within this amount.