31 CFR § 340.11 - Failure to complete transaction.
---identifier: "/us/cfr/t31/s340.11"source: "ecfr"legal_status: "authoritative_unofficial"title: "31 CFR § 340.11 - Failure to complete transaction."title_number: 31title_name: "Money and Finance: Treasury"section_number: "340.11"section_name: "Failure to complete transaction."chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"subchapter_number: "A"subchapter_name: "BUREAU OF THE FISCAL SERVICE"part_number: "340"part_name: "REGULATIONS GOVERNING THE SALE OF TREASURY BONDS THROUGH COMPETITIVE BIDDING"positive_law: falsecurrency: "2026-04-05"last_updated: "2026-04-05"format_version: "1.1.0"generator: "[email protected]"authority: "Sec. 8, 50 Stat. 481, as amended; R.S. 3706; secs. 1, 4, 18, 5, 40 Stat. 288, as amended, 290, as amended, 1309, as amended, 290, as amended; secs. 19, 20, 48 Stat. 343, as amended; 31 U.S.C. 738a, 739, 752, 752a, 753, 754, 754a, 754b."regulatory_source: "27 FR 12481, Dec. 18, 1962, unless otherwise noted."cfr_part: "340"---
Identifier
/us/cfr/t31/s340.11
Currency
2026-04-05
Positive Law
No
Updated
2026-04-05
Chapter
Fiscal Service, Department of the Treasury
Authority
Sec. 8, 50 Stat. 481, as amended; R.S. 3706; secs. 1, 4, 18, 5, 40 Stat. 288, as amended, 290, as amended, 1309, as amended, 290, as amended; secs. 19, 20, 48 Stat. 343, as amended; 31 U.S.C. 738a, 73... Sec. 8, 50 Stat. 481, as amended; R.S. 3706; secs. 1, 4, 18, 5, 40 Stat. 288, as amended, 290, as amended, 1309, as amended, 290, as amended; secs. 19, 20, 48 Stat. 343, as amended; 31 U.S.C. 738a, 739, 752, 752a, 753, 754, 754a, 754b.
# 340.11 Failure to complete transaction.If any successful bidder shall fail to pay in full for the bonds on the date and at the place specified in the invitation, the money deposited by or in behalf of such bidder shall be forfeited to the Treasury Department.