Learn More About SellDirect®
Do you want to sell a Treasury security prior to its maturity? TreasuryDirect can help you do it, quickly and easily. You may sell 13-Week, 26-Week, and 52-Week Bills, as well as Notes, Bonds, and TIPS simply by selecting a single security or multiple securities in SellDirect. Choose to sell a portion or the full amount of a security for a single transaction. Multiple sales are available by selecting up to 50 securities in one transaction with the proceeds deposited to one payment destination. The full amount of each security must be sold when you sell multiple securities. All sales must be in increments of $100. Just provide your payment destination and TreasuryDirect does the rest!
Marketable securities originally purchased in TreasuryDirect are subject to a mandatory holding period from the original date of issue. 13-Week, 26-Week, and 52-Week Bills, as well as Notes, Bonds, and TIPS have a 45-day holding period. Once this holding period has ended, your securities are listed as eligible for SellDirect. The mandatory holding period also applies to securities issued through reinvestment which are not fully funded from the maturing security. Any securities transferred to your TreasuryDirect account from a broker or from your Legacy TreasuryDirect account are not subject to a holding period. 4-Week Bills may not be sold prior to maturity.
SellDirect requests scheduled but not processed prior to the securities entering the Closed Book Period (see Transaction Restrictions) due to a scheduled interest payment will be delayed. SellDirect requests scheduled but not processed prior to the securities entering the Closed Book Period due to a maturity payment will be canceled.
TreasuryDirect submits all your sale requests to the Federal Reserve Bank (FRB) of Chicago (a fiscal agent of the U.S. Treasury). By submitting a SellDirect request, you authorize FRB Chicago to sell the security, and to charge you a transaction fee of $45.00 for each security. This fee is automatically deducted from the proceeds of the sale before deposit to your designated payment destination.
Here´s how it works. FRB Chicago makes every effort to obtain a price quote from at least three government security dealers. They sell the security to the dealer with the highest price quote. By initiating this transaction, you agree to accept the price received by FRB Chicago from the dealer with the highest price quote. Your sale amount, minus the transaction fee, is deposited in your selected payment destination account the day following the sale. Prior to submitting your request, we recommend you verify your payment destination. Any incorrect information could delay your final payment.
Federal tax reporting regulations apply to all SellDirect transactions. FRB Chicago provides the appropriate 1099 statement reporting the amount paid to you from the sale of TreasuryDirect securities. In addition, you´ll receive a statement detailing the transaction fees incurred, which may be deducted from the gross proceeds reported as earned income on your taxes. TreasuryDirect will not calculate your reportable proceeds from SellDirect. TreasuryDirect also gives you the option to grant Transact rights to the second-named registrant of the security, so any SellDirect transactions performed by a designated grantee are reportable to you. For more information and exceptions to tax reporting rules, see Learn more about Tax Reporting.
Important Reminder! When you sell a security, in full or in part, any scheduled reinvestments for the security will be canceled.