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e-CFR data is current as of January 19, 2021

Title 31Subtitle BChapter IISubchapter APart 309 → §309.2


Title 31: Money and Finance: Treasury
PART 309—ISSUE AND SALE OF TREASURY BILLS


§309.2   Description of Treasury bills (General).

Treasury bills are bearer obligations of the United States promising to pay a specified amount on a specified date. They will be payable at maturity upon presentation to the Bureau of the Fiscal Service, Washington, DC 20226, or to any Federal Reserve Bank or branch. Treasury bills are issued only by Federal Reserve Banks and branches and the Bureau of the Fiscal Service pursuant to tenders accepted by the Secretary of the Treasury, and shall not be valid unless the issue date and the maturity date are entered thereon. Treasury bills bearing the same issue date and the same maturity date shall constitute a series.

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