{"data":{"id":"us/31-cfr-375.11","jurisdiction":"us","citation":"31 CFR 375.11","heading":"Who may participate in a redemption operation?","body":"(a) Submitters. To be a submitter, you must be:\n(1) An institution that the Federal Reserve Bank of New York has designated as a primary dealer; or\n(2) An entity approved by the Treasury Department to participate directly in redemption operations.\n(b) Others. A person or entity other than a submitter may participate only if it arranges to have an offer or offers submitted on its behalf by a submitter.","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 375—MARKETABLE TREASURY SECURITIES REDEMPTION OPERATIONS","Subpart B—Offering, Certifications, and Delivery"],"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":"a62b112878fe4d66202fd07163bd853e92b6a603ec47171bc3782112dc634966","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-375.10","next":"us/31-cfr-375.12"},"notice":"GroundRules: Original legal text. Not legal advice."}