Section 344.0 - [Effective until 8/26/2024] What does this part cover?(a)What is the purpose of the SLGS securities offering? The Secretary of the Treasury (the Secretary) offers for sale non-marketable State and Local Government Series (SLGS) securities to provide issuers of tax-exempt securities with investments from any eligible source of funds (as defined in § 344.1 ).(b)What types of SLGS securities are governed by this part? This part governs the following SLGS securities:(1)Time Deposit securities -may be issued as: (i) Certificates of indebtedness;(2)Demand Deposit securities -may be issued as certificates of indebtedness.(3)Special Zero Interest securities. Special Zero Interest securities, which were discontinued on October 28, 1996, were issued as: (i) Certificates of indebtedness; or(c)In what denominations are SLGS securities issued? SLGS securities are issued in the following denominations: (1)Time Deposit securities -a minimum amount of $1,000, or in any larger whole dollar amount; and(2)Demand Deposit securities -a minimum amount of $1,000, or in any larger amount, in any increment.(d)How long is the offering in effect? The offering continues until terminated by the Secretary.