31 CFR § 309.13 - Functions of Federal Reserve Banks.

---
identifier: "/us/cfr/t31/s309.13"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 309.13 - Functions of Federal Reserve Banks."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "309.13"
section_name: "Functions of Federal Reserve Banks."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "309"
part_name: "ISSUE AND SALE OF TREASURY BILLS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "80 Stat. 379; sec. 8, 50 Stat. 481, as amended; sec. 5, 40 Stat. 290, as amended; 5 U.S.C. 301; 31 U.S.C. 738a, 754."
regulatory_source: "41 FR 44006, Oct. 5, 1976, unless otherwise noted."
cfr_part: "309"
---


# 309.13 Functions of Federal Reserve Banks.

Federal Reserve Banks and Branches, as fiscal agents of the United States, are authorized to perform all such acts as may be necessary to carry out the provisions of this circular and of any public notice or notices issued in connection with any offering of Treasury bills.