31 USC § 3108 - Prohibition against circulation privilege

---
identifier: "/us/usc/t31/s3108"
source: "usc"
legal_status: "official_legal_evidence"
title: "31 USC § 3108 - Prohibition against circulation privilege"
title_number: 31
title_name: "MONEY AND FINANCE"
section_number: "3108"
section_name: "Prohibition against circulation privilege"
chapter_number: 31
chapter_name: "PUBLIC DEBT"
subchapter_number: "I"
subchapter_name: "BORROWING AUTHORITY"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 942.)"
---


# § 3108. Prohibition against circulation privilege

An obligation issued under sections 3102–3104(a)(1) and 3105–3107 of this title may not bear the circulation privilege.

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**Source Credit**: (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 942.)

| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 3108 | 31:753(d)(1st sentence). | Sept. 24, 1917, ch. 56, 40 Stat. 288, § 18(d)(1st sentence); added Mar. 3, 1919, ch. 100, § 1, 40 Stat. 1310. |
|  | 31:757c(d)(last sentence). | Sept. 24, 1917, ch. 56, 40 Stat. 288, § 22(d)(last sentence); added Feb. 4, 1935, ch. 5, § 6, 49 Stat. 21; restated Feb. 19, 1941, ch. 7, § 3, 55 Stat. 8. |
|  | 31:757c–2(c)(last sentence). | Sept. 24, 1917, ch. 56, 40 Stat. 288, § 22A(c)(last sentence); added Nov. 8, 1966, Pub. L. 89–800, § 5, 80 Stat. 1515. |
|  | 31:758. | Sept. 24, 1917, ch. 56, § 7(1st sentence), 40 Stat. 291. |

The reference in 31:758 to certificates authorized under 31:757 is omitted because the authority under 31:757 was ended by section 2(b)(3) of the Public Debt Act of 1941 (ch. 7, ).