{"data":{"id":"us/31-cfr-203.5","jurisdiction":"us","citation":"31 CFR 203.5","heading":"Designation of financial institutions as TT\u0026L depositaries.","body":"(a) Parties to the agreement. To be designated as a TT\u0026L depositary, a financial institution must enter into a depositary agreement with Treasury or Treasury's Fiscal agent. By entering into this agreement, the financial institution agrees to be bound by this part, and procedural instructions issued pursuant to this part. Treasury will not compensate depositaries for servicing and maintaining a TT\u0026L account, or for processing tax payments through EFTPS or PATAX, unless otherwise provided for in procedural instructions.\n(b) Application procedures. (1) An eligible financial institution seeking designation as a TT\u0026L depositary must file the forms specified in the procedural instructions with the TSC. A TT\u0026L depositary must elect to be one or more of the following:\n(i) A collector depositary;\n(ii) A retainer depositary;\n(iii) An investor depositary.\n(2) A financial institution is not authorized to maintain a TT\u0026L account, TIP main account balance, SDI account balance, or TIO account balance until the TSC designates it as a TT\u0026L depository.","path":["Title 31—Money and Finance: Treasury","Subtitle B—Regulations Relating to Money and Finance","CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE","PART 203—PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM","Subpart A—General Information"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"34e2db111d238ce20b4cb6fd7f8e360d629f6e6dc442b0251aa7f2e46378672f","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-203.4","next":"us/31-cfr-203.6"},"notice":"GroundRules: Original legal text. Not legal advice."}