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<p>[QUOTE=&quot;Cloudsweeper99, post: 1308307, member: 3011&quot;]Regarding 1, yes.</p><p>Regarding 2, you can buy treasuries with treasuries.&nbsp; If you have a brokerage account with 5 year Treasury Notes and want to exchange them for 3 month Treasury Bills, the broker will do this.&nbsp; Neither you nor the broker will ever see or use an FRN in this transaction, and nobody will notify the Fed.&nbsp; The broker will most likely post the transaction as a sale for &quot;cash&quot; and a purchase for &quot;cash&quot; on your statement, but the &quot;cash&quot; is usually a money market fund that also holds treasuries and corporate securities, and not an FRN.&nbsp; </p><p><br /></p><p>When you think about it, FRNs and coinage are used less and less as people have direct deposit for paychecks and pay bills online or with debit and credit cards.&nbsp; You can get along rather well without ever using FRNs these days, but you are still using US dollars in electronic form.[/QUOTE]</p><p><br /></p>

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