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Rule

Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds

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Start Preamble

AGENCY:

Fiscal Service, Treasury.

ACTION:

Final rule.

SUMMARY:

The Department of the Treasury is making non-substantive technical corrections to its marketable securities auction rules.

DATES:

Effective July 1, 2016.

Start Further Info

FOR FURTHER INFORMATION CONTACT:

Lori Santamorena, Kurt Eidemiller, or Kevin Start Printed Page 43070Hawkins, Government Securities Regulations Staff, Bureau of the Fiscal Service, Department of the Treasury, (202) 504-3632 or email us at govsecreg@fiscal.treasury.gov.

End Further Info End Preamble Start Supplemental Information

SUPPLEMENTARY INFORMATION:

We are making non-substantive technical corrections to §§ 356.2, 356.31, and appendix B to part 356. The amendments re-designate cross references to other parts of the rules, revise the introductory text of a paragraph, and restate a variable.

Procedural Requirements

Administrative Procedure Act. Because this final rule relates to public contracts and procedures for United States securities, the notice, public comment, and delayed effective date provisions of the Administrative Procedure Act are inapplicable, pursuant to 5 U.S.C. 553(a)(2).

Start List of Subjects

List of Subjects in 31 CFR Part 356

  • Banks, banking
  • Bonds
  • Federal Reserve System
  • Government securities
  • Reporting and recordkeeping requirements
  • Securities
End List of Subjects

Text of Amendments

Accordingly, 31 CFR part 356 is amended by making the following technical amendments:

Start Part

PART 356—SALE AND ISSUE OF MARKETABLE BOOK-ENTRY TREASURY BILLS, NOTES, AND BONDS (DEPARTMENT OF THE TREASURY CIRCULAR, FISCAL SERVICE SERIES NO. 1-93)

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1. The authority citation for part 356 continues to read as follows:

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Authority: 5 U.S.C. 301; 31 U.S.C. 3102, et seq.; 12 U.S.C. 391.

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[Amended]
Start Amendment Part

2. Section 356.2 is amended in the last sentence of the definition of “accrued interest” by removing the reference to “paragraph C” and adding in its place “paragraph D” and in the last sentence of paragraph (2) in the definition of “adjusted value” by removing the reference to “section IV” and adding in its place “section V.”

End Amendment Part
[Amended]
Start Amendment Part

3. Section 356.31 is amended in the last sentences of paragraphs (c)(3)(i) and (iii) by removing the reference to “section IV” and adding in its place “section V.”

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4. Appendix B to part 356 is amended by removing two paragraphs of introductory text following the table of contents and adding one paragraph in its place, and revising Section IV, subsection D, paragraphs (a), (b), and (c) to read as follows:

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Appendix B to Part 356—Formulas and Tables

* * * * *

The examples in this appendix are given for illustrative purposes only and are in no way a prediction of interest rates on any bills, notes, or bonds issued under this part. In some of the following examples, we use intermediate rounding for ease in following the calculations.

* * * * *

IV. * * *

D. * * *

* * * * *
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David A. Lebryk,

Fiscal Assistant Secretary.

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[FR Doc. 2016-15248 Filed 6-30-16; 8:45 am]

BILLING CODE 4810-AS-P