TreasuryDirect allows
individual investors to participate in the Federal
Reserve's regularly scheduled auctions of three-,
six-month Treasury bills; two-, five- and
10-year notes. The minimum investment
is $1,000, or multiples thereof. Interest is a paid into
the investor's TreasuryDirect account, as is a
security's par value at maturity.
TreasuryDirect
System
Under the TreasuryDirect
System, you establish an investor account when you
submit your first tender form. You may review your
individual account by calling 800 722-2678 or request that a Statement of Account be mailed
to you. It consists of name, address, phone number,
TreasuryDirect Account number, tax information and
payment instructions. It also provides detailed
information and payment instructions and provides
detailed information on all your Treasury securities
maintained in the TreasuryDirect System.
You may also review your account information on the
website, www.treasurydirect.gov.
Whenever a
change is made to the account information, you will
receive a copy of the updated record.
Whenever you purchase a
new treasury security, a Statement of Account is sent to
you listing the description and price associated with
each security, and the amount and date of the next
interest payment. The Statement of Account simplifies
your record keeping and offers flexibility since changes
can be made quickly.
The TreasuryDirect
System uses the Direct Deposit payment method whereby
interest, discount and principal payments are
electronically deposited into your account at the
financial institution you designate. Direct Deposit
reduces the risk of late payments due to lost or stolen
checks, ensures that scheduled interest or principal
payments will be made to the designated financial
institution on the payment date and allows your funds to
earn interest from the payment date if the bank account
is interest-bearing. NOTE: If you are a first time
buyer, your first payment will be made by check.
Subsequent payments will be automatically sent to your
designated financial institution.
Where Treasury
Securities are Sold
You may purchase new
issues of Treasury securities over the toll-free line or
on the website www.treasurydirect.gov.
Exisiting customers may purchase securities by
mail. Forms are available on the web site, as are
the addresses to which forms should be mailed.
You also may purchase new
securities through commercial banks and securities
dealers, which usually charge a service fee. Previously
issued securities must be purchased through commercial
banks, securities dealers or from the owner, but not
from the New York Reserve Bank.
The main attraction of TreasuryDirect: no brokerage fees or other transaction
charges.
Call the Federal Reserve
branch near you for additional information:
Federal Reserve Bank
and Branch Phone Numbers
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