§ 321.14. Transmittal to and settlement with a Federal Reserve Processing Site.
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/us/cfr/t31/s§ 321.14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except for eligible securities redeemed on exchange pursuant to § 321.8, a paying agent shall transmit for payment all redeemed securities to a Federal Reserve Processing Site in accordance with the Federal Reserve Operating Circular. \[77 FR 16167, Mar. 20, 2012\]