Code of Federal Regulations (alpha)

CFR /  Title 20  /  Part 703  /  Sec. 703.307 Deposits of negotiable securities with Federal Reserve

Deposits of negotiable securities provided for by the regulations in this part shall be made with any Federal Reserve bank or any branch of a Federal Reserve bank designated by the Office, or the Treasurer of the United States, and shall be held subject to the order of the Office. The Office will authorize the self-insurer to collect interest on the securities deposited by it unless any of the conditions set forth at Sec. 703.304(a)(4) occur.