Legacy Treasury Direct Phase-out
Treasury is phasing out the Legacy Treasury Direct system. This will reduce costs associated with Treasury's Retail Securities program and supports Treasury's goal to increase paperless transactions.
As of May 1, 2011:
- No new accounts are permitted in Legacy Treasury Direct.
- Only 13-week and 26-week Treasury bills are available for purchase.
- The only securities that can be reinvested are 13-week, 26-week, and 52-week bills, and they can be reinvested only into 13-week and 26-week bills. We canceled all previously scheduled reinvestments for other types of securities.
- No transfers into Legacy Treasury Direct are permitted. We permit internal transfers between Legacy accounts and outbound transfers to TreasuryDirect or to broker/dealer accounts.
All purchases and reinvestments will end in Legacy Treasury Direct no later than November 1, 2012. We'll maintain securities you still hold in Legacy Treasury Direct until they mature. Once the securities mature, we'll deliver payments according to the instructions in your account.
Frequently Asked Questions about the Legacy Treasury Direct Phase-Out
Comparison of Legacy Treasury Direct and TreasuryDirect
Treasury Direct:
Consider using our convenient web-based account system, TreasuryDirect. View more information about TreasuryDirect.
