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the debit and credit balances in their accounts carried by or for “foreigners". (33 F.R. 4576, Mar. 16, 1968) & 128.21 Use of prescribed report forms

for portions of data required to be

reported thereon. The report forms prescribed in Sections 128.11-128.20 are also prescribed for use, as needed, for the collection at intervals other than the ones stated of a portion of the data required on each form in the same or greater detail, & 128.22 Special survey report forms.

On report forms other than those de scribed in $$ 128.11 to 128.20 reports are required from time to time to provide detailed information on the content of aggregate data reported on these forms and also to provide qualitative information necessary for adequate analysis of the data reported. & 128.23 Alternative methods of report

ing. In lieu of reports on the forms described in this subpart, the required data may be reported on punch cards, magnetic tape, or other media that can be processed by data processing equipment, accompanied by a printed copy of the data reported which must be signed by a responsible officer of the reporting institution. The proposed method and format of reporting must be acceptable to the Federal Reserve Bank of the district in which the report is filed, and must be approved in writing by that Bank. (32 F.R. 14055, Oct. 10, 1967) APPENDIX-DETERMINATIONS MADE BY NA

TIONAL ADVISORY COUNCIL PURSUANT TO
SECTION 2(a) AND (b) OF E.O. 10033.

I. Determination of the National Advisory Council pursuant to E.O. 10033.

In an action dated September 7, 1965, the National Advisory Council on International Monetary and Financial Problems made the following determination pursuant to section 2(a) of E.O. 10033 of February 8, 1949.

Action 65 (E.0.)-49. The National Advisory Council, having consulted with the Director of the Bureau of the Budget, determines that current information with respect to international capital movements, de

from data on U.S. liabilities to and claims on foreigners and transactions in securities with foreigners, and current information with respect to U.S. gold holdings, foreign-currency holdings, and dollar llabillties to foreigners, are essential in order that

the United States may comply with official requests of the International Monetary Fund for information with respect to the U.S. balance of payments and monetary reserves.

Action No. 320, March 17, 1949, is superseded by this determination and is hereby revoked.

II. Designation of the Treasury Department by the Director of the Bureau of the Budget pursuant to section 2(b) of E.O. 10033.

On December 1, 1965, the Treasury Department was designated, pursuant to section 2(b) of E.O. 10033 of February 8, 1949, to collect information for the International Monetary Fund under the National Advisory Council determination of September 7, 1965. The letter containing the designation reads as follows:

DECEMBER 1, 1965. Hon. HENRY H. FOWLER, Secretary of the Treasury, Washington, D.C. 20220.

DEAR MR. SECRETARY: On September 7, 1965, the National Advisory Council, after consultation with this Bureau in accordance with section 2(a) of Executive Order 10033, made the following determination (Action 65 (E.0.)-49):

"The National Advisory Council, having consulted with the Director of the Bureau of the Budget, determines that current information with respect to international capital movements, derived from data on U.S. liabilities to and claims on foreigners and transactions in securities with foreigners, and current information with respect to U.S. gold holdings, foreign-currency holdings, and dollar liabilities to foreigners, are essential in order that the United States may comply with official requests of the International Monetary Fund for information with respect to the U.S. balance of payments and monetary reserves." It is hereby determined, pursuant to section 2(b) of Executive Order 10033, that the Treasury Department shall collect information pertaining to capital movements between the United States and foreign countries and pertaining to the monetary reserves of the United States, except information pertaining to direct-investment transactions, U.S. Government foreign lending operations, and claims and liabilities of U.S. Govern. ment agencies (other than public debt obligations), which is collected by the Department of Commerce.

This letter supersedes the earlier determination as to the responsibilities of the Treasury Department in this area, dated April 21, 1949, as amended May 4, 1950. Sincerely yours,

RAYMOND T. BOWMAN,
Assistant Director for

Statistical Standards. (31 F.R. 8179, July 10, 1966)

CHAPTER IPFISCAL SERVICE,
DEPARTMENT OF THE TREASURY

SUBCHAPTER A-BUREAU OF ACCOUNTS

Part 202 203 205

208 209 210

211

214 223

225

Depositaries and financial agents of the Government.
Special depositaries of public money.
Withdrawal of cash from the Treasury for advances under Federal grant

and other programs.
Public moneys and official checks of United States disbursing officers.
Payments to financial organizations for credit to accounts of employees.
Payment of disbursing officers' checks drawn on the Treasurer of the United

States and signed in the names of disbursing officers by designated

employees.
Delivery of checks and warrants to addresses outside the United States, its

territories and possessions.
Depositaries for Federal Taxes.
Surety companies doing business with the United States.
Federal process agents of surety companies.
Acceptance of bonds, notes, or other obligations issued or guaranteed by

the United States as security in lieu of surety or sureties on penal bonds. Purchase of surety bonds to cover civilian officers and employees and mili

tary personnel in Executive Branch of the Federal Government. Payment on account of awards of the Foreign Claims Settlement Commission

of the United States.
Payment of the unclaimed interest on certain awards of the Mixed Claims

Commission, United States and Germany.
Payments under the Act of Congress approved August 30, 1962, on unpaid

balances of awards of Philippine War Damage Commission.
Payments on account of awards and appraisals in favor of nationals of the

United States on claims against the Government of Mexico.
Payments under judgments and private relief acts.
Payment on account of deposits in the Postal Savings System.
Shipment of valuables pursuant to the Government Losses in Shipment Act.
Claims for replacement of valuables, or the value thereof, shipped pursuant

to the Government Losses in Shipment Act.
Declaration of valuables under the Government Losses in Shipment Act.

226

250

251

253

254

256 257 260 261

262

Part 270 281 290

Availability of records.
Foreign exchange operations.
Loans to public or private agencies under Refugee Relief Act of 1953.

300 306 308 309 312

315 316 317

321

322

SUBCHAPTER B-BUREAU OF THE PUBLIC DEBT
Distinctive paper for United States currency and other securities.
General regulations with respect to United States securities.
General regulations governing full-paid interim certificates.
Issue and sale of Treasury bills.
Federal savings and loan associations and Federal credit unions as fiscal

agents of the United States.
Regulations governing United States Savings Bonds.
Offering of United States Savings Bonds, Series E.
Regulations governing agencies for issue of U.S. Savings Bonds of Series E

and U.S. Savings Notes.
Payments by banks and other financial institutions of United States Savings

Bonds and United States Savings Notes (Freedom Shares).
Manner of accounting for losses resulting from the redemption of United

States Savings Bonds and United States Savings Notes (Freedom Shares).
Disclosure of records.
Restrictive endorsements of bearer securities.
Regulations governing payment under special endorsement of U.S. Savings

Bonds and U.S. Savings Notes (Freedom Shares).
Offering of United States Savings Bonds, Series H.
Supplemental regulations governing Federal Housing Administration

debentures.
Exchange offering of United States Savings Bonds, Series H.
Regulations governing the sale of Treasury bonds through competitive

bidding.
Regulations governing United States Retirement Plan Bonds.
Offering of United States Savings Notes.
Offering of United States Mortgage Guaranty Insurance Company Tax and

Loss Bonds.

328 330

332 337

339 340

341 342 343

SUBCHAPTER C-OFFICE OF THE TREASURER OF THE UNITED STATES 351 Availability of records. 359 Settlements by the Treasurer of the United States, in advance of reclamation,

with payees or special endorsees of lost or stolen checks, which have been

paid on forged indorsements. 360 Indorsement and payment of checks drawn on the Treasurer of the United

States. 365 Issue of substitutes of lost, destroyed, mutilated and defaced checks drawn

on the Treasurer of the United States. 368 Issue of substitutes of lost, stolen, destroyed, mutilated and defaced checks

of the United States drawn on accounts maintained in depositary banks in foreign countries or United States territories or possessions.

SUBCHAPTER A-BUREAU OF ACCOUNTS

PART 202-DEPOSITARIES AND FI thorized, without further action, to ac

NANCIAL AGENTS OF THE GOV. cept a deposit of public money in an ofERNMENT 1

ficial account, other than an account in

the name of the Treasurer of the United Sec.

States, in which the maximum balance 202.1 Scope of regulations.

does not exceed the insurance coverage 202.2 Designation.

provided by the Federal Deposit Insur202.3 Authorization. 202.4 Contract of deposit.

ance Corporation. 202.5 Previously designated depositaries.

(b) To perform other services. (1) 202.6 Collateral security

Upon the request of a Government agen202.7 Maintenance of balances within au cy, the Secretary of the Treasury may thorizations.

authorize a depositary to perform other AUTHORITY: The provisions of this part 202

services specifically requested by the issued under sec. 10, 56 Stat. 356, as amended; agency, including: 12 U.S.C. 265.

(1) The maintenance of official acSOURCE: The provisions of this Part 202

counts in which balances will be in excontained in Department Circular 176, Sec

cess of the insurance coverage provided ond Revision, 32 F.R. 14215, Oct. 13, 1967,

by the Federal Deposit Insurance Corunless otherwise noted.

poration;

(ii) The maintenance of accounts in & 202.1 Scope of regulations.

the name of the Treasurer of the United The regulations in this part govern

States; the designation of Depositaries and Fi (iii) The acceptance of deposits for nancial Agents of the Government (here- credit of the Treasurer of the United inafter referred to as depositaries), and States; their authorization to accept deposits of (iv) The furnishing of bank drafts in public money and to perform other sery exchange for collections. ices as provided for in section 10 of the

(2) To obtain authorization to perAct of June 11, 1942, as amended (12 form services specifically requested by a U.S.C. 265). Public Money includes, Government agency, a depositary must: without being limited to, revenue and (i) File with the Secretary of the funds of the United States, and any Treasury an appropriate agreement and funds the deposit of which is subject resolution of its board of directors auto the control or regulation of the United thorizing the agreement (both on forms States or any of its officers, agents, or prescribed by and available from the employees. The designation and author Bureau of Accounts), and ization of Special Depositaries of Public (11) Pledge collateral security as proMoney for the receipt of deposits rep vided for in § 202.6. resenting payments for certain U.S. § 202.4 Contract of deposit. obligations and of internal revenue taxes

A depositary which accepts a deposit are governed by the regulations in Part

under this part enters into a contract of 203 of this chapter.

deposit with the Treausry Department. § 202.2 Designation.

The terms of the contract include all the Every bank insured by the Federal De provisions of this part and the provisions posit Insurance Corporation is designated prescribed in section 202 of Executive as a Depositary and Financial Agent. Order 11246, entitled "Equal Employ§ 202.3 Authorization.

ment Opportunity”.

$ 202.5 Previously designated deposiFDIC insurance. Every depositary is au

taries.

A depositary previously designated 1 The regulations, which previously ap will, by the acceptance or retention of depeared in this part, governing payment of

posits, be presumed to have assented to checks drawn on the Treasurer of the United States now appear in revised form in Part

all the terms and provisions of this part 360 of this chapter (Department Circular

and to the retention of collateral secu21 (Second Revision)).

rity theretofore pledged.

over

$ 202.7 Maintenance of balances within

authorizations. Government agencies having control or jurisdiction over public money on deposit in accounts with depositaries are responsible for the maintenance of balances in such accounts within the limits of the authorizations specified by the Secretary of the Treasury.

$ 202.6 Collateral security.

(a) Requirement. Prior to receiving deposits of public money, a depositary authorized to perform services under $ 202.3(b) must pledge collateral security in the amount required by the Secretary of the Treasury.

(b) Acceptable security. Unless otherwise specified by the Secretary of the Treasury, collateral security pledged under this section may be transferable securities of any of the following classes:

(1) Obligations issued or fully insured or guaranteed by the United States or any U.S. Government agency, and obligations of Government-sponsored corporations which under specific statute may be accepted as security for public funds: At face value.

(2) Obligations issued or fully guaranteed by the International Bank for Reconstruction and Development, the InterAmerican Development Bank or the Asian Development Bank: At face value.

(c) Deposits of securities. Collateral security under this part must be deposited with (1) the Federal Reserve Bank or Branch of the district in which the depositary is located (depositaries located in Puerto Rico, the Virgin Islands, and the Panama Canal Zone will be considered as being located in the New York Federal Reserve district), or with a custodian or custodians within the United States designated by the Federal Reserve Bank, under terms and conditions prescribed by the Federal Reserve Bank, or (2) the Treasurer of the United States, Securities Division, Washington, D.C. 20220. Securities deposited with a Federal Reserve Bank or the Treasurer of the United States must be accompanied by a letter stating specifically the purpose for which the securities are being deposited.

(d) Assignment. A depositary that pledges securities which are not negotiable without its endorsement or assignment may, in lieu of placing its unqualified endorsement on each security, furnish an appropriate resolution and irrevocable power of attorney authorizing the Federal Reserve Bank or the Treasurer of the United States, as the case may be, to assign the securities. The resolution and power of attorney shall conform to such terms and conditions as the Fed. eral Reserve Banks or the Treasurer of the United States, as the case may be, shall prescribe. [Dept. Circ. 176, 2d Rev., 32 F.R. 14216, Oct. 13, 1967, as amended at 36 F.R. 6748, Apr. 8, 1971; 36 F.R. 17995, Sept. 8, 1971)

PART 203-SPECIAL DEPOSITARIES

OF PUBLIC MONEY Sec. 203.1 Scope of regulations. 203.2 Designation. 203.3 Treasury Tax and Loan Accounts. 203.4 Contract of deposit. 203.5 Previously qualified special deposi

taries. 203.6 Discontinuance of special depositarles. 203.7 Deposits. 203.8 Collateral security. 203.9 Withdrawal of deposits.

AUTHORITY: The provisions of this part 203 issued under sec. 8, 40 Stat. 291, &s amended; 31 U.S.C. 771; and sec. 6302(c), 26 U.S.C. 6302(c) unless otherwise noted.

SOURCE: The provisions of this part 203 contained in Department Circular 92, Second Revision, 32 F.R. 14216, Oct. 13, 1967, unless otherwise noted.

203.1 Scope of regulations.

The regulations in this part govern the designation of Special Depositaries of Public Money (hereinafter referred to as special depositaries), and their authorization to maintain Treasury Tax and Loan Accounts in which they may credit funds representing payments for certain U.S. obligations and of internal revenue taxes. The designation of Depositaries and Financial Agents of the Government and their authorization to accept deposits of public money and to perform other services are governed by the regulations in Part 202 of this chapter. & 203.2 Designation.

Every incorporated bank and trust company in the United States, Puerto Rico, the Virgin Islands, and the Panama Canal Zone, and every U.S. branch of a foreign banking corporation authorized by the State in which it is located to transact commercial banking business, is hereby designated as a special deposi

tary.

§ 203.3 Treasury Tax and Loan Ac

counts. (a) Authorization. Every special depositary is authorized, upon approval by

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