31 C.F.R. § 306.117

Withdrawal of eligible book-entry Treasury securities for conversion to registered form

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(a) Eligible book-entry Treasury securities may be withdrawn from TRADES by requesting delivery of like definitive Treasury securities.

(b) Fiscal Service shall, upon receipt of appropriate instructions to withdraw eligible book-entry Treasury securities from book-entry form in TRADES, convert such securities into registered Treasury securities and deliver them in accordance with such instructions; no such conversion shall affect existing interests in such Treasury securities.

(c) All requests for withdrawal of eligible book-entry Treasury securities must be made prior to the maturity or date of call of the securities.

(d) Treasury securities which are to be delivered upon withdrawal may be issued in registered form, to the extent permitted by the applicable offering circular.

[61 FR 43637, Aug. 23, 1996; 64 FR 38126, July 15, 1999]
Notes of Decisions
Cited in 3 cases, 1985–1995 · leading case: In Re Keene Corp., 188 B.R. 881 (Bankr. S.D.N.Y. 1995).
In Re Keene Corp., 188 B.R. 881 (Bankr. S.D.N.Y. 1995). “See 31 C.F.R. § 306.117 (a)(2), (a)(3). Non-Member banks can maintain interests in book-entry Treasury securities only through an account with a direct or indirect intermediary of a Member bank.”
Wichita Fed. Sav. & Loan Ass'n v. Comark, 610 F. Supp. 406 (S.D.N.Y. 1985). · cites it 2× “They argue, based upon the history of the Book Entry Regulations that the Regulations were initially intended to apply to, inter alia, Federal Reserve member banks for their “sole accounts],” citing, 31 C.F.R. § 306.117 (1967) (“(a) The book-entry procedure shall apply to…”
Est. of Layne v. Williams, 727 S.W.2d 157 (Mo. Ct. App. 1987). “” 31 C.F.R. § 306.117 (a)(3). There are no registration provisions in subpart O and nothing to indicate that the registration provisions of § 306.”
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