What kind of payments are accepted for the initial purchase of United States Treasury securities?
What kind of payments are accepted for the initial purchase of United States Treasury securities ? (not be to confused with trading done on the secondary market) When a normal person is purchasing securities they are typically doing so within the money supply as effected by fractional reserve banking and The Fed. (eg. NOT M0) Does the initial purchase require physical cash, coin, gold certificates, etc or is it done the same way as normal people would do a bank transfer or any other payment ?
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There is no restrictions for payment methods individual or institutional investors at US Treasury Security Auctions.
www.treasurydirect.gov/indiv/products/prod_auctions_glance.htm
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