Page images
PDF
EPUB
[blocks in formation]

AUTHORITY: The provisions of this Part 290 issued under sec. 16, 67 Stat. 406; 50 U.S.C. App. 1971-1971q note. E.O. 10487, 18 F.R. 5635, 3 CFR 1949-1953 Comp.

SOURCE: The provisions of this Part 290 contained in Department Circular 932, 18 F.R. 7793, Dec. 3, 1953, unless otherwise noted.

§ 290.1 Scope of part.

This part applies to the making of loans by the Secretary of the Treasury under section 16 of the Refugee Relief Act of 1953, Pub. Law 203, 83d Cong., to public or private agencies of the United States for the purpose of financing the transportation from ports of entry within the United States, to the places of their resettlement, of persons receiving immigrant visas under the said act and who lack the resources to finance the expenses involved.

[blocks in formation]
[blocks in formation]

In order for an application to be given favorable consideration, the applying agency shall not be in default in the payment of any loan made to it pursuant to the provisions of the Displaced Persons Act of 1948, as amended, and shall:

(a) Establish to the satisfaction of the Secretary that it has authority to borrow money under its charter, articles of incorporation, or other enabling document for the purpose described in section 16 of the Refugee Relief Act of 1953 and that the person acting for it in this regard has the authority so to act;

(b) Set forth the manner and terms in which it proposes to repay the loan requested, if granted;

(c) Establish to the satisfaction of the Secretary that there is reasonable assurance the amount of the loan requested will be repaid.

§ 290.5 Terms and conditions of loans.

In cases where applications for loans are approved, the applying agency shall:

(a) Execute a promissory note in such form and with such terms and conditions as the Secretary may deem appropriate; and

(b) Execute an agreement containing the following and such other provisions as the Secretary may require:

(1) All funds loaned to it will be used exclusively for the purpose of financing the transportation from ports of entry within the United States, to the places of their resettlement, of persons receiving immigrant visas under the act, and who lack resources to finance the expenses involved.

(2) A bank account or bank accounts for the borrowed funds will be established and maintained by the agency separately from other funds of the agency.

(3) Promissory notes will be obtained from the sponsor or the immigrant and held in trust for the Secretary as security for loans made to the agency.

(4) No interest, service or other charges will be made upon the sponsor or immigrant for the use of any funds made available under the act.

(5) Adequate books and records relating to the funds borrowed from the Secretary and loans made therefrom shall be maintained and shall be available for inspection during the life of the loan obtained from the Secretary.

(6) Reports will be made to the Secretary for such periods and in such form as he may prescribe of the balances available in and the sums disbursed from the accounts referred to in subparagraph (2) of this paragraph, the number of immigrants served by the borrowed funds, the recoveries on loans made, and such other information as the Secretary may require.

(7) All recoveries by the agency of advances to sponsors or immigrants out of funds borrowed from the Secretary shall be deposited in the special accounts referred to in subparagraph (2) of this paragraph, and shall be used only for the repayment of any unpaid balance of such loan or interest thereon so long as any such balance remains outstanding.

(8) If, in the judgment of the Secretary, there has been an improper use or other misapplication of the borrowed funds, or the agency has failed to meet

[blocks in formation]

Repayments shall be made by check, draft or money order drawn in favor of the Treasurer of the United States and forwarded to the Fiscal Service, Bureau of Accounts, Treasury Department, Washington, D.C. 20226, with an appropriate letter of transmittal identifying the loan to which such repayment applies.

§ 290.7 Reservations.

(a) The Secretary may, in his discretion, reject in whole or in part any application of a public or private agency for a loan under the provisions of this part.

(b) Any determination by the Secretary that a corporation or association is a private agency for the purposes of this part shall not be construed in any manner as determining the status of such corporation or association under the provisions of the Internal Revenue Code.

(c) The Secretary may waive, withdraw or amend at any time or from time to time any or all of the provisions of the regulations in this part.

SUBCHAPTER B-BUREAU OF THE PUBLIC DEBT

PART 300-DISTINCTIVE PAPER FOR UNITED STATES CURRENCY AND OTHER SECURITIES

Sec. 300.1

300.2

300.3 300.4

Notice to the public.

Description of paper.

Use of paper.

Use of papers; interest-bearing securites of the United States.

300.5 Penalty for unauthorized control or possession.

300.6 Modification of Department Circular No. 121.

AUTHORITY: The provisions of this Part 300 issued under 80 Stat. 379, 39 Stat. 277, as amended; 5 U.S.C. 301, 31 U.S.C. 418.

SOURCE: The provisions of this Part 300 contained in Department Circular 394, Feb. 1, 1928, unless otherwise noted.

§ 300.1 Notice to the public.

Notice is hereby given that the Secretary of the Treasury, by authority of law,

has adopted a new distinctive paper for use in printing United States currency and other securities.

§ 300.2 Description of paper.

The paper is cream-white bank-note paper which closely resembles in general appearance the paper now in use, and which must conform to specifications prescribed by the Secretary of the Treasury, in which currency paper and bond paper may be differentiated. The distinctive feature, identical for all paper used for the production of paper currency and public debt issues of the United States, shall consist of small segments of fiber, either natural or synthetic, colored red and blue, incorporated in the body of the paper while in process of manufacture and evenly distributed throughout.

[Amdt. 2, 8 F.R. 2232, Feb. 20, 1943]

[blocks in formation]

The new distinctive paper shall be used for printing currency of the reduced size, including United States notes, gold certificates, silver certificates, Federal reserve notes, and national bank notes. The use of the present distinctive paper adopted on July 30, 1891, the distinctive feature of which consists of localized red and blue silk fiber incorporated in the body of the paper while in the process of manufacture so placed as to form perpendicular stripes, will be continued for any printing of currency of the present size hereafter required.

[blocks in formation]

§ 300.5

Penalty for unauthorized control or possession.

The Secretary of the Treasury hereby gives notice that the new distinctive paper, together with any other distinctive paper, heretofore adopted for the printing of paper currency or other obligations or securities of the United States is and will be subject to the provisions of section 474 of Public Law 772, 80th Congress, which provides, in part, as follows:

Whoever has or retains in his control or possession, after a distinctive paper has been adopted by the Secretary of the Treasury for the obligations and other securities of the United States, any similar paper adapted to the making of any such obligation or other security, except under the authority of the Secretary of the Treasury or some other proper officer of the United States, shall be fined not more than five thousand dollars, or imprisoned not more than fifteen years, or both.

§ 300.6 Modification of Department Circular No. 121.

The provisions of Department Circular

[blocks in formation]

Transfers and exchanges of securities-closed periods.

306.16 Denominational exchanges of registered securties.

306.17 Exchanges of registered securities for coupon securities.

306.18 306.19

Exchanges of coupon securities for

registered securities.

Denominational exchanges of coupon securities.

306.20 Reissue of registered transferable securities.

306.21 306.22

306.25 306.26

Ressue of nontransferable securities.
Exchange of Treasury Bonds, Invest-
ment Series B-1975-80.

Subpart D-Redemption or Payment
Presentation and surrender.

Redemption of registered securities
at maturity, upon prior call, or for
advance refunding.

306.27 Redemption of bearer securities at maturity, upon prior call, or for advance refunding.

306.28 Optional redemption of Treasury bonds at par (before maturity or call redempton date) and application of the proceeds in payment of Federal estate taxes.

1 Department Circular No. 121, July 30, 1891, provided for a new distinctive paper for all obligations except checks and drafts, the distinctive feature of which consisted of localized red and blue silk fiber incorporated in the body of the paper while in the process of manufacture so placed as to form perpendicular stripes on either side of the center portrait or vignette.

[blocks in formation]
[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small]

Servicing book-entry Treasury securities; payment of interest, payment at maturity or upon call.

Subpart P-Miscellaneous Provisions

306.125

Additional requirements.

306.126 Waiver of regulations.

306.127 306.128

Preservation of existing rights. Supplements, amendments or revisions.

Appendix-Computation of Interest on Treasury Bonds, Treasury Notes, and Treasury Certificates of Indebtedness, and Computation of Discount on Treasury Bills.

AUTHORITY: The provisions of this Part 306 issued under sec. 8, 50 Stat. 481, as amended; R.S. 3706; secs. 1, 4, 18, 5, 40 Stat. 288, as amended, 290, as amended, 1309, as amended, 290, as amended; secs. 19, 20, 48 Stat. 343, as amended; 31 U.S.C. 738a, 739, 752, 752a, 753, 754, 754a, 754b.

SOURCE: The provisions of this Part 306 contained in Department Circular 300, Third Revision, 29 F.R. 19020, Dec. 30, 1964; 30 F.R. 4716, Apr. 13, 1965, unless otherwise noted.

[blocks in formation]

(a) Subscriptions—tenders-bids. Securities subject to these regulations are issued from time to time pursuant to public offerings by the Secretary of the Treasury, through the Federal Reserve Banks, fiscal agents of the United States, and the Treasurer of the United States. Only the Federal Reserve Banks and Branches and the Treasury Department are authorized to act as official agencies, and subscriptions for securities, tenders for Treasury bills, and bids, to the extent provided in the regulations governing the sale of Treasury bonds through competitive bidding, may be made direct to them; however, banking institutions may assist customers with their subscriptions, tenders or bids.

(b) Transactions after issue. The Bureau of the Public Debt, Treasury Department, is charged with matters relating to transactions in securities after original issue. Correspondence concerning such transactions and requests for appropriate forms may be addressed to (1) the Federal Reserve Bank or Branch of the District in which the correspondent is located, or (2) the Bureau of the Public Debt, Division of Loans and Currency, Washington, D.C. 20226, or (3) the Office of the Treasurer of the United States, Securities Division, Washington, D.C. 20220, except where specific instructions are otherwise given in these regulations. The addresses of the Federal Reserve Banks and Branches are: Federal Reserve Bank of Boston, Boston, Mass., 02106.

1 Bonds and other securities issued by certain agencies of the United States and the former government of Puerto Rico are subject to these regulations, so far as applicable, under special arrangements with the issuing authorities. Information as to their application to any particular transaction in any designated security will be furnished by the Bureau of the Public Debt, Division of Loans and Currency, Washington, D.C. 20226, upon request.

[blocks in formation]

Pittsburgh Branch, Pittsburgh, Pa., 15230. Federal Reserve Bank of Richmond, Richmond, Va., 23213.

Baltimore Branch, Baltimore, Md., 21203. Charlotte Branch, Charlotte, N.C., 28201. Federal Reserve Bank of Atlanta, Atlanta, Ga., 30303.

Birmingham Branch, Birmingham, Ala., 35202.

Jacksonville Branch, Jacksonville, Fla., 32201.

Nashville Branch, Nashville, Tenn., 37203. New Orleans Branch, New Orleans, La., 70160.

Federal Reserve Bank of Chicago, Post Office Box 834, Chicago, Ill. 60690.

Detroit Branch, Post Office Box 1059, Detroit, Mich., 48231.

Federal Reserve Bank of St. Louis, Post Office Box 442, St. Louis, Mo. 63166.

Little Rock Branch, Post Office Box 1261, Little Rock, Ark., 72203.

Louisville Branch, Post Office Box 899, Louisville, Ky., 40201.

Memphis Branch, Post Office Box 407, Memphis, Tenn., 38101.

Federal Reserve Bank of Minneapolis, Minneapolis, Minn., 55440.

Helena Branch, Helena, Mont., 59601. Federal Reserve Bank of Kansas City, Kansas City, Mo., 64106.

Denver Branch, Denver, Colo. 80217. Oklahoma City Branch, Oklahoma City, Okla., 73101.

Omaha Branch, Omaha, Nebr., 68102. Federal Reserve Bank of Dallas, Station K, Dallas, Tex., 75222.

El Paso Branch, Post Office Box 100, El Paso, Tex., 79999.

Houston Branch, Post Office Box 2578, Houston, Tex., 77001.

San Antonio Branch, Post Office Box 1471, San Antonio, Tex., 78206.

Federal Reserve Bank of San Francisco, San Francisco, Calif., 94120.

Los Angeles Branch, Post Office Box 2077, Los Angeles, Calif., 90054.

Portland Branch, Post Office Box 3456, Portland, Oreg., 97208.

Salt Lake City Branch, Post Office Box 780, Salt Lake City, Utah, 84110.

Seattle Branch, Post Office Box 3567, Seattle, Wash., 98124.

§ 306.2 Definitions of words and terms as used in these regulations.

(a) "Advance refunding offer" is an offer to a holder of a security, in advance of its call or maturity, to exchange it for another security.

« PreviousContinue »