---identifier: "/us/cfr/t31/s340.7"source: "ecfr"legal_status: "authoritative_unofficial"title: "31 CFR § 340.7 - Deposits—retention—return."title_number: 31title_name: "Money and Finance: Treasury"section_number: "340.7"section_name: "Deposits—retention—return."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/s340.7
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.
# 340.7 Deposits—retention—return.Each bid must be accompanied by a deposit in the amount specified in the public notice. The deposit of any successful bidder will be retained as security for the performance of his obligation and will be applied toward payment of the bonds. All other deposits will be returned immediately. No interest will be allowed on account of any deposits.