Organization, functions, and authority delegations: Commissioner, Bureau of the Public Debt,


[Federal Register: November 23, 1998 (Volume 63, Number 225)]


[Page 64756]

From the Federal Register Online via GPO Access []



[Treasury Directive Number 16-59]

Determination of Eligible Types of Collateral Acceptable to Secure Deposits of Public Moneys and Other Financial Interests of the Government; Valuation of Such Collateral

November 12, 1998.

  1. Delegation. By virtue of the authority granted to the Fiscal Assistant Secretary by Treasury Order (TO) 101-05, the Commissioner, Bureau of the Public Debt, is delegated the authority to determine the eligible types of collateral, and methods of valuation thereof, that are acceptable to be pledged to secure deposits of public moneys and other financial interests of the government pursuant to 12 U.S.C. 90, 12 U.S.C. 265-266, 12 U.S.C. 391, 12 U.S.C. 1452(d), 12 U.S.C. 1464(k), 12 U.S.C. 1789a, 12 U.S.C. 2013, 12 U.S.C. 2122, 31 U.S.C. 323, 31 U.S.C. 3303, 31 U.S.C. 9301, and 31 U.S.C. 9303, and other similar law under the jurisdiction of the Secretary of the Treasury, and to perform any functions necessary to effect such determination. The Commissioner, Bureau of the Public Debt, shall be responsible for referring to the Fiscal Assistant Secretary any matters on which action should be appropriately taken by the Fiscal Assistant Secretary.

  2. Redelegation. The Commissioner, Bureau of the Public Debt, may redelegate this authority in writing to officials of the Bureau of the Public Debt, and it may be exercised in the individual capacity and under the individual title of each official receiving such authority.

  3. Regulations. The issuance of any regulations pursuant to this Directive shall be by the Commissioner of the Public Debt in accordance with Treasury Directive 28-01, ``Preparation and Review of Regulations.''

  4. Authorities. a. TO 101-05, ``Reporting Relationships and Supervision of Officials, Offices and Bureaus, Delegation of Certain Authority, and Order of Succession in the Department of the Treasury.''

    1. 12 U.S.C. 90; 12 U.S.C. 265-266; 12 U.S.C. 391; 12 U.S.C. 1452(d); 12 U.S.C. 1464(k); 12 U.S.C. 1789a; 12 U.S.C. 2013; 12 U.S.C. 2122; 31 U.S.C. 323; 31 U.S.C. 3303; 31 U.S.C. 9301; and 31 U.S.C. 9303.

  5. Expiration Date. This Directive expires three years from the date of issuance unless cancelled or superseded by that date.

  6. Office of Primary Interest. Government Securities Regulations Staff, Office of the Commissioner, Bureau of the Public Debt. Donald V. Hammond, Fiscal Assistant Secretary.

    [FR Doc. 98-31267Filed11-20-98; 8:45 am]

    BILLING CODE 4810-25-P