31 CFR § 357.43 - Liability for transfers to and from Legacy Treasury Direct ®.

---
identifier: "/us/cfr/t31/s357.43"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 357.43 - Liability for transfers to and from Legacy Treasury Direct ®."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "357.43"
section_name: "Liability for transfers to and from Legacy Treasury Direct ®."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "357"
part_name: "REGULATIONS GOVERNING BOOK-ENTRY TREASURY BONDS, NOTES AND BILLS HELD IN TREASURY/RESERVE AUTOMATED DEBT ENTRY SYSTEM (TRADES) AND LEGACY TREASURY DIRECT"
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. chapter 31; 5 U.S.C. 301; 12 U.S.C. 391."
regulatory_source: "51 FR 18265, May 16, 1986, unless otherwise noted."
cfr_part: "357"
---


# 357.43 Liability for transfers to and from Legacy Treasury Direct ®.

A depository institution or other entity that transfers to, or receives, a security from Legacy Treasury Direct is deemed to be acting as agent for its customer and agrees thereby to indemnify the United States and the Federal Reserve Banks for any claim, liability, or loss resulting from the transaction.