403 Part 100—Exchange of Paper Currency and Coin

Monetary Offices, Treasury § 100.2

(B) Payment of a civil penalty im- Subpart C—Exchange of Coin posed by the Final Notice of Assess- ment shall be paid by EFT in accord- 100.10 Exchange of uncurrent coins. 100.11 Exchange of bent and partial coins. ance with instructions provided in the 100.12 Exchange of fused and mixed coins. notice, unless the assessing official has 100.13 Criminal penalties. given written approval to have payment made by other means; Subpart D—Other Information (C) If payment of a civil penalty imposed by the Final Notice of Assess- 100.16 Exchange of paper and coin to be han- dled through Federal Reserve banks and ment has been suspended on the condi- branches. tion that the person comply in the fu- 100.17 Location of Federal Reserve banks ture with 31 U.S.C. 333 and this sub- and branches. part, the failure by the person to so 100.18 Counterfeit notes to be marked; ‘‘re- comply will make the civil penalty demption’’ of notes wrongfully so payable on demand; marked. (D) If a civil penalty is not paid with- 100.19 Disposition of counterfeit notes and coins. in 30 days of the date of the Final No- tice of Assessment (or on demand AUTHORITY: 31 U.S.C. 321. under paragraph (c)(3)(ii)(D) of this sec- SOURCE: 47 FR 32044, July 23, 1982, unless tion), a civil action to collect the pen- otherwise noted. alty or enforce compliance may be commenced at any time within two § 100.2 Scope of regulations; trans- years of the date of the Final Notice of actions effected through Federal Assessment; and Reserve banks and branches; distribution of coin and currencies. (E) Any civil penalty imposed by the Final Notice of Assessment may be The regulations in this part govern subject to judicial review in accord- the exchange of the coin and paper cur- ance with 5 U.S.C. 701 et seq. rency of the United States (including national bank notes and Federal Re- § 92.18 Judicial review. serve bank notes in process of retire- ment and Federal Reserve notes). A Final Notice of Assessment issued Under authorization in the Act ap- under the procedures in this subpart proved May 29, 1920, 41 Stat. 655 (31 may be subject to judicial review pur- U.S.C. 476), the Secretary of the Treas- suant to 5 U.S.C. 701 et seq. ury transferred to the Federal Reserve banks and branches the duties and PART 100—EXCHANGE OF PAPER functions performed by the former As- CURRENCY AND COIN sistant Treasurers of the United States in connection with the exchange of Sec. paper currency and coin of the United 100.2 Scope of regulations; transactions ef- States. Except for the duties in this re- fected through Federal Reserve banks spect to be performed by the Treasurer and branches; distribution of coin and of the United States and the Director currencies. of the Mint, as may be indicated from time to time by the Secretary of the Subpart A—In General Treasury, exchanges of the paper cur- 100.3 Lawfully held coins and currencies in rency and coin of the United States general. and the distribution and replacement 100.4 Gold coin and gold certificates in gen- thereof will, so far as practicable, be eral. effected through the Federal Reserve banks and branches. The Federal Re- Subpart B—Exchange of Mutilated Paper serve banks and branches are author- Currency ized to distribute available supplies of 100.5 Mutilated paper currency. coin and currency to depository insti- 100.6 Destroyed paper currency. tutions, as that term is defined in sec- 100.7 Treasury’s liability. tion 103 of the Monetary Control Act of 100.8 Packaging of mutilated currency. 1980 (Pub. L. 96–221). As authorized by 100.9 Where mutilated currency should be section 107 of the Act, transportation transmitted. of coin and currency and coin wrapping

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