These securities are only available from original issue - not through the commercial market. Savings bonds - Series EE and Series I - are available for purchase at any time. NOTE: Legacy TreasuryDirect, a separate system available since 1986, for marketable Treasury securities only, is being phased out. (TreasuryDirect accepts only noncompetitive bids.) Once these securities have been issued, they can be bought and sold in the commercial market at prevailing prices. This price is set by the highest rate, yield, or spread of the competitive bids accepted. In an auction, bidders are awarded securities at the same price. Treasury sells Treasury marketable securities - Bills, Notes, Bonds, FRNs and TIPS - at public auction through a broker/dealer, a financial institution or TreasuryDirect. Minor accounts are not available in entity accounts. If you do not de-link the account and choose to continue to maintain the account once the minor reaches age 18, you are restricted from performing nearly all transactions however, you may continue to purchase securities on the child's behalf. Once the minor account is de-linked it is deactivated and all new transactions within the minor account are prevented. De-linking refers to moving the Linked account's securities to a Primary TreasuryDirect account. When the child reaches age 18 and establishes his/her own TreasuryDirect account, you may de-link the securities into the child's new account. You, acting on behalf of the minor, may purchase, redeem, receive gift deliveries, and perform other transactions within the account on behalf of the minor. The Minor account is linked to your primary TreasuryDirect account and only you, as the custodian, can access the account. ß 7701: Ī Minor account is a custodial account that a parent, natural guardian, or person providing chief support establishes for a child under the age of 18. If you would like to access any of the mentioned statutes, log onto the URLs, which we have provided below: 31 U.S.C. Furnishing personal information is voluntary however, without the information, we may be unable to act upon your requests. ß 7701, for the purpose of reporting and collecting amounts that may be owed to the U.S. A request for you to disclose your personal information also is authorized under 31 U.S.C. ß 6109, which requires us to include this information on certain documents that we must send to the Internal Revenue Service. If we request that you disclose your Taxpayer Identification Number, we do so by authority of 26 U.S.C. We ask for personal information for the purpose of conducting securities transactions. Our authority to ask for personal information generally comes from 31 U.S.C.
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