{"data":{"id":"us/31-cfr-375.3","jurisdiction":"us","citation":"31 CFR 375.3","heading":"What is the role of the Federal Reserve Bank of New York in this process?","body":"As fiscal agent of the United States, the Federal Reserve Bank of New York performs various activities necessary to conduct a redemption operation under this part. These activities may include but are not limited to:\n(a) Accepting and reviewing tenders;\n(b) Calculating redemption operation results;\n(c) Issuing notices of redemptions;\n(d) Accepting deliveries of Treasury securities at settlement; and\n(e) Processing the Treasury payment for securities delivered at settlement.","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 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":"be3986060e5bac5562020e0494500e6f8e8165750c7fe9330034b7737130c2a8","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-375.2","next":"us/31-cfr-375.10"},"notice":"GroundRules: Original legal text. Not legal advice."}