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31 C.F.R. § 225.5

Pledge of definitive Government obligations.

§ 225.5 Pledge of definitive Government obligations.

(a) Type and assignment. Definitive Government obligations may be in bearer or registered form, and shall be owned by the obligor.

(1) Bearer Government obligations. The obligor shall pledge bearer Government obligations to the bond official with all unmatured interest coupons attached.

(2) Registered Government obligations; assignment. The obligor shall pledge registered Government obligations in the obligor's name to the bond official by assignment in accordance with subpart F of part 306 of this title and other codified procedures for issuers that apply to assignment of the registered Government obligations, except that, when so authorized under such procedures, all assignments shall be made in blank.

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