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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 39 - Postal Service |
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Chapter I - United States Postal Service |
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SubChapter J - Postal Service Debt Obligations; Disbursement Postal Money Orders |
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Part 761 - Book-Entry Procedures |
§ 761.2 - Authority of Reserve Banks.
Latest version.
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§ 761.2 Authority of Reserve Banks.
Each Reserve Bank is hereby authorized, in accordance with the provisions of this part, to (a) issue book-entry Postal Service securities by means of entries on its records which shall include the name of the depositor, the amount, the loan title (or series) and maturity date; (b) effect conversions between book-entry Postal Service securities and definitive Postal Service securities; (c) otherwise service and maintain book-entry Postal Service securities; and (d) issue a confirmation of transaction in the form of a written advice (serially numbered or otherwise) which specifies the amount and description of any securities; that is, loan title (or series) and maturity date, sold or transferred, and the date of the transaction.