Fed System definition

Fed System. The book-entry system of the Federal Reserve Banks.
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Examples of Fed System in a sentence

  • State Street may participate directly or indirectly through a subcustodian in the Depository Trust Company (DTC), Treasury/Federal Reserve Book Entry System (Fed System), Participant Trust Company (PTC) or other depository approved by Fund (as such entities are defined at 17 CFR Section 270.17f-4(b)) (each a "Depository" and collectively the "Depositories").

  • All Assets that may be maintained on the Fed System or DTC System shall be so maintained.

  • Payments of principal and interest due to Holders of Classes maintained on the Fed System shall be made by crediting the Holders’ accounts at the Federal Reserve Banks on the applicable Payment Dates.

  • Unless otherwise provided in the related Terms Supplement, the Administrator shall issue, maintain and transfer Regular Classes (other than Retail Classes) and MACR Classes on the Fed System in minimum original principal amounts (or minimum original notional principal amounts) shown in the following table and additional increments of $1.

  • Transfers of Pass-Through Certificates maintained on the Fed System shall also be subject to any applicable Federal Reserve Bank minimum wire transfer requirements.

  • IFTC may participate directly or indirectly through a subcustodian in the Depository Trust Company (DTC), Treasury/Federal Reserve Book Entry System (Fed System), Participant Trust Company (PTC) or other depository approved by Fund (as such entities are defined at 17 CFR Section 270.17f-4(b)) (each a "Depository" and collectively the "Depositories").

  • Certificates maintained on the Fed System shall at all times remain on deposit with a Federal Reserve Bank in accordance with the provisions of the Book-Entry Rules.

  • A Federal Reserve Bank shall act only upon the instructions of the Holder in recording transfers of securities maintained on the Fed System.

  • A Pass-Through Certificate maintained in book-entry form either on the Fed System or on the DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Pass-Through Certificates of the same Class having an original principal amount (or original notional principal amount) of less than the applicable minimum amount.

  • A Pass-Through Certificate maintained on the Fed System shall be evidenced only by an entry on the books and records of a Federal Reserve Bank.