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Transferring Securities Into, Out Of, or Within
TreasuryDirect

TreasuryDirect is flexible.

Though designed for investors who wish to own their Treasury bills, notes, or bonds from issue to maturity, TreasuryDirect makes transferring securities easy.

You can transfer marketable Treasury securities . . .

  • between existing TreasuryDirect accounts,
  • out of TreasuryDirect and into the commercial book-entry system, where your broker or dealer holds them for you, or
  • into TreasuryDirect from the commercial book-entry system.
If you're interested in selling Treasury securities before they mature, you have two options:
  • Transfer them to the commercial book-entry system
  • Take advantage of Sell Direct®
Here's what you do:
  • To transfer your securities between existing TreasuryDirect accounts, or to the commercial book-entry system, simply fill out and mail to your TreasuryDirect office a properly certified Security Transfer Request (PD F 5179). (Download or order the form.)

  • To transfer marketable Treasury securities from the commercial book-entry system to an existing TreasuryDirect account, ask your financial institution or government securities broker or dealer to transfer them. If you don't have a TreasuryDirect account, you'll need to open one before transferring securities. Open an account by completing and submitting to your TreasuryDirect office either of two forms: New Account Request (PD F 5182) or, if you're buying a security, Treasury Bill, Note & Bond Tender (PD F 5381). (Download or order the forms.)

  • To take advantage of TreasuryDirect's Sell Direct service, download or order a Sell Direct Request (PD F 5179-1), fill it out, have it properly certified, and mail it to:

           Federal Reserve Bank of Chicago
           Investment Division for Sell Direct
           230 S. LaSalle St.
           Chicago, IL 60604

    For each security it sells in the secondary market, FRB Chicago will charge you only $34. Plus, you'll get the highest of multiple bids.

Sell Direct is a registered trademark of the Bureau of the Public Debt.

Updated June 12, 2026
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