1. Regulations
  2. title 31
  3. chapter II
  4. part 375
  5. subpart B
  6. § 375.11

View all text of Subpart B [§ 375.10 - § 375.15]

§ 375.11 - Who may participate in a redemption operation?

(a) Submitters. To be a submitter, you must be an institution that the Federal Reserve Bank of New York has approved to conduct open market transactions with the Bank.

(b) Others. A person or entity other than a submitter may participate only if it arranges to have an offer or offers submitted on its behalf by a submitter.

AUTHORITY: 5 U.S.C. 301; 31 U.S.C. 3111; 12 U.S.C. 391.

SOURCE: 65 FR 3116, Jan. 19, 2000, unless otherwise noted.

CITE AS: 31 CFR 375.11