31 CFR 375.0: What authority does the Treasury Department have to redeem its securities?

Section 3111 of title 31 of the United States Code authorizes the Secretary of the Treasury to issue obligations under 31 U.S.C. chapter 31 to buy, redeem, or refund, at or before maturity, outstanding bonds, notes, certificates of indebtedness, Treasury bills, or savings certificates of the U.S. Government and, under regulations of the Secretary of the Treasury in this chapter, to use money received from the sale of an obligation and other money in the general fund of the Treasury Department in making such purchases, redemptions, or refunds.