[Federal Register Volume 61, Number 53 (Monday, March 18, 1996)]
[Rules and Regulations]
[Pages 10895-10896]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-6446]
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DEPARTMENT OF THE TREASURY
Bureau of Engraving and Printing
31 CFR Part 601
[T.D. BEP-41]
Distinctive Paper for United States Currency and Other Securities
AGENCY: Bureau of Engraving and Printing (BEP), Treasury.
ACTION: Treasury decision, final rule.
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SUMMARY: The Bureau of Engraving and Printing is amending the
provisions of Distinctive Paper for United States Currency and Other
Securities regulations, to reflect the adoption of a new distinctive
paper adopted for use by the Secretary of the Treasury to deter
counterfeiting.
EFFECTIVE DATE: March 18, 1996.
FOR FURTHER INFORMATION CONTACT:
Rodolfo Roberts, Office of Management Services, Bureau of Engraving and
Printing, Room 321-9A, 14th and C Streets, SW., Washington, DC 20228,
(202) 874-3551.
SUPPLEMENTARY INFORMATION: 80 Stat. 379, 106 Stat. 4070, 96 Stat. 880;
(5 U.S.C. 301, 18 U.S.C. 474A and 31 U.S.C. 321, respectively); give
the Secretary of the Treasury the authority of law to adopt a new
distinctive paper for use in printing United States currency and other
interest-bearing securities of the United States.
The changes:
(1) Amend section 601.1 to reflect the existence of three kinds
(threaded, non-threaded and threaded/watermark-bearing) of distinctive
papers for printing United States currency and interest-bearing
securities of the United States.
(2) Amend section 601.2 to reflect a description of the new
watermark-bearing distinctive paper.
(3) Amend section 601.3 to indicate that the distinctive paper
currently in use will continue to be used.
(4) Amend section 601.4 to provide that any of the three
distinctive papers may be used for printing interest-bearing securities
of the United States.
(5) Section 601.5 remains the same.
Executive Order 12866
Because this rule relates to agency organization and management, it
is not subject to E.O. 12866 pursuant to section 3(d)(3) thereof.
Administrative Procedures Act
Because this Treasury decision relates to agency management and is
procedural in nature, notice and public procedure and a delayed
effective date are inapplicable pursuant to 5 U.S.C. 553(a)(2).
Regulatory Flexibility Act
Because no notice of proposed rulemaking is required for this final
rule, the provisions of the Regulatory Flexibility Act do not apply.
Paperwork Reduction Act
The provisions of the Paperwork Reduction Act of 1980, Pub. L. 96-
511, 44 U.S.C. chapter 35, and its implementing regulations, 5 CFR part
1320, do not apply to this rule because no requirement to collect
information is contemplated.
Drafting Information: The principal author of this document is
Rodolfo Roberts, Office of Management Services, Bureau of Engraving
and Printing.
List of Subjects in 31 CFR Part 601
Currency, Securities, Printing.
Authority and Issuance
31 CFR part 601 is revised to read as follows:
PART 601--DISTINCTIVE PAPER FOR UNITED STATES CURRENCY AND OTHER
SECURITIES
Sec.
601.1 Notice to the public.
601.2 Description of paper.
601.3 Use of paper.
601.4 Use of paper; interest-bearing securities of the United
States.
601.5 Penalty for unauthorized control or possession.
Authority: 5 U.S.C. 301; 12 U.S.C. 418; 18 U.S.C. 474A.
Sec. 601.1 Notice to the Public.
The Secretary of the Treasury, by authority of law, has adopted a
new distinctive paper for use in printing United States currency in
addition to the existing distinctive papers for use in printing United
States currency and other securities.
Sec. 601.2 Description of paper.
The paper utilized in the printing of United States currency and
public debt issues is cream-white bank note paper which must contain
security features prescribed by the Secretary of the Treasury. All
currency paper shall contain distinctive fibers, colored red and blue,
incorporated in the body of the paper while in the process of
manufacture and evenly distributed throughout. In addition to
distinctive red and blue fibers, currency paper shall contain, for
denominations prescribed by the Secretary of the Treasury, security
threads embedded beneath the surface of the paper during the
manufacturing process. Security threads shall contain graphics
consisting of the designation ``USA'' and the denomination of the
currency, expressed in alphabetic or numeric characters. In addition to
the security thread, for the denominations prescribed by the Secretary
of the Treasury, the paper will bear a watermark identical to the
portrait to be printed on the paper.
Sec. 601.3 Use of paper.
The new distinctive paper shall be used for printing Federal
Reserve Notes of the denominations prescribed by the
[[Page 10896]]
Secretary of the Treasury. The use of the existing distinctive papers,
the distinctive features of which consist of distinctive fibers,
colored red and blue, incorporated in the body of the paper while in
the process of manufacture and evenly distributed throughout, and the
security thread containing graphics consisting of the designation
``USA'' and the denomination of the currency, will be continued for
printing of any currency denomination prescribed by the Secretary of
the Treasury.
Sec. 601.4 Use of paper; interest-bearing securities of the United
States.
The existing distinctive papers shall be used for the printing of
interest-bearing securities of the United States, and for any other
printing where the use of distinctive paper is indicated.
Sec. 601.5 Penalty for unauthorized control or possession.
The Secretary of the Treasury hereby gives notice that the new
distinctive paper, together with any other distinctive papers
heretofore adopted for the printing of paper currency or other
obligations or securities of the United States, is and will be subject
to the provisions of 18 U.S.C. 474A which provides, in part, that it is
against the law to possess any paper, or facsimile thereof, designated
by the Secretary of the Treasury for the printing of U.S. currency or
any other security of the United States, except with the permission of
the Secretary or the authorized official. This crime is punishable by a
fine not to exceed five thousand dollars or imprisonment for not more
than fifteen years, or both.
Larry E. Rolufs,
Director.
Approved:
George Munoz,
Assistant Secretary for Management & CFO.
[FR Doc. 96-6446 Filed 3-15-96; 8:45 am]
BILLING CODE 4840-01-M
