As fiscal agent of the United States, the Federal Reserve Bank of New York performs various activities necessary to conduct a redemption operation under this part. These activities may include but are not limited to:
(a)
Accepting and reviewing tenders;
(b)
Calculating redemption operation results;
(c)
Issuing notices of redemptions;
(d)
Accepting deliveries of Treasury securities at settlement; and
(e)
Processing the Treasury payment for securities delivered at settlement.