Treasury Marketable Securities Regulations

This page focuses on the laws and regulations for bills, notes, bonds, TIPS, and FRNs. It links to rules about the different systems in which you can hold your Treasury securities, along with rules about buybacks and collateral programs.

The UOC (31 CFR 356) sets out the terms and conditions for selling and issuing Treasury marketable securities.

When you buy, hold, or sell securities with a bank, broker, or dealer outside of Treasury, your securities are in the commercial book-entry system (CBES). TRADES (31 CFR 357) governs Treasury securities in the CBES.

Final buyback rules issued January 19, 2000 set out the terms and conditions by which Treasury may redeem (buy back) outstanding, unmatured marketable Treasury securities.

You can buy and manage Treasury electronic securities in TreasuryDirect (rules in 31 CFR 363). Legacy Treasury Direct is being phased out, but existing holders can continue managing securities there (rules in 31 CFR 357 Subpart C).