31 CFR § 345.2 - Subscription for purchase.

---
identifier: "/us/cfr/t31/s345.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 345.2 - Subscription for purchase."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "345.2"
section_name: "Subscription for purchase."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "345"
part_name: "REGULATIONS GOVERNING 5 PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS—R.E.A. SERIES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "31 U.S.C. 754 and 754b; 5 U.S.C. 301."
regulatory_source: "38 FR 35306, Dec. 27, 1973, unless otherwise noted."
cfr_part: "345"
---


# 345.2 Subscription for purchase.

The recipient of a 5 percent loan from the Rural Electrification Administration or Rural Telephone Bank may subscribe for certificates under this offering, up to the amount of the unexpended portion of the loan, by submitting a subscription, together with the remittance, to the Federal Reserve Bank or Branch of the district in which the subscriber is located. The subscription form must show the amount of certificates desired, and give the title of the designated official of the subscriber authorized to redeem them.

[40 FR 29846, July 16, 1975]