# 31 C.F.R. § 354.7 (2026): Withdrawal of eligible Book-entry Sallie Mae Securities for conversion to definitive form

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_7

## Section

- **Citation:** 31 C.F.R. § 354.7 (2026)
- **Heading:** Withdrawal of eligible Book-entry Sallie Mae Securities for conversion to definitive form
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 31 CFR: Money and Finance: Treasury / Chapter II: FISCAL SERVICE, DEPARTMENT OF THE TREASURY / Part 354: REGULATIONS GOVERNING BOOK-ENTRY SECURITIES OF THE STUDENT LOAN MARKETING ASSOCIATION (SALLIE MAE) / § 354.7: § 354.7   Withdrawal of eligible Book-entry Sallie Mae Securities for conversion to definitive form.

## Text

(a) Eligible Book-entry Sallie Mae Securities may be withdrawn from the Book-entry System by requesting delivery of like Definitive Sallie Mae Securities.
(b) A Federal Reserve Bank shall, upon receipt of appropriate instructions to withdraw Eligible Book-entry Sallie Mae Securities from book-entry in the Book-entry System, convert such securities into Definitive Sallie Mae Securities and deliver them in accordance with such instructions. No such conversion shall affect existing interests in such Sallie Mae Securities.
(c) All requests for withdrawal of Eligible Book-entry Sallie Mae Securities must be made prior to the maturity or date of call of such securities.
(d) Sallie Mae Securities which are to be delivered upon withdrawal may be issued in either registered or bearer form, to the extent permitted by the applicable Securities Documentation.

## Nearby sections

- [31 C.F.R. § 354.0 (2026) § 354.0   Applicability; maintenance of Sallie Mae Securities.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_0.md)
- [31 C.F.R. § 354.1 (2026) § 354.1   Definitions of terms.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_1.md)
- [31 C.F.R. § 354.2 (2026) § 354.2   Law governing rights and obligations of Federal Reserve Banks, and Sallie Mae; rights of any Person against Federal Reserve Banks and Sallie Mae.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_2.md)
- [31 C.F.R. § 354.3 (2026) § 354.3   Law governing other interests.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_3.md)
- [31 C.F.R. § 354.4 (2026) § 354.4   Creation of Participant's Security Entitlement; security interests.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_4.md)
- [31 C.F.R. § 354.5 (2026) § 354.5   Obligations of Sallie Mae; no adverse claims.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_5.md)
- [31 C.F.R. § 354.6 (2026) § 354.6   Authority of Federal Reserve Banks.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_6.md)
- [31 C.F.R. § 354.7 (2026) § 354.7   Withdrawal of eligible Book-entry Sallie Mae Securities for conversion to definitive form.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_7.md)
- [31 C.F.R. § 354.8 (2026) § 354.8   Waiver of regulations.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_8.md)
- [31 C.F.R. § 354.9 (2026) § 354.9   Liability of Sallie Mae and Federal Reserve Banks.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_9.md)
- [31 C.F.R. § 354.10 (2026) § 354.10   Additional provisions.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_7. Check the current official text before relying on it. Not legal advice.