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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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