Debt Financing System

Only institutional investors (not individuals) may have an account with direct access to U.S. Treasury auctions, where they can buy Treasury marketable securities without an intermediary.

Setting up your Debt Financing System account

1. Fill out these forms:
   - Submitter Agreement for your institution
   - Autocharge Agreement if your institution doesn't already have both a securities account and a fund account in the Federal Reserve system.
   
2. Mail the completed forms to:
   The Federal Reserve Bank of New York
   Attention: Treasury Auction Staff
   33 Liberty Street - 9th Floor
   New York, NY 10045

Following the rules for Treasury auctions

All institutions that participate directly in Treasury auctions must abide by the Auction Rules for the Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds (31 CFR Part 356, as amended) set forth in the Uniform Offering Circular.

If you have comments, questions, or concerns