Regulations last checked for updates: Nov 22, 2024
Title 31 - Money and Finance: Treasury last revised: Nov 18, 2024
§ 351.60 - How are book-entry Series EE savings bonds purchased and held?
Book-entry bonds must be purchased and held online through your New Treasury Direct account. We provide instructions for opening an account online at <http://www.fiscal.treasury.gov>.
§ 351.61 - What are the denominations and prices of book-entry Series EE savings bonds?
Book-entry bonds are issued in a minimum amount of $25, with additional increments of one cent.
§ 351.62 - How is payment made for purchases of book-entry Series EE savings bonds?
You may only purchase book-entry Series EE savings bonds online through your New Treasury Direct account. You may pay for your securities through a debit to your designated account at a United States depository financial institution, or by applying the redemption proceeds of a certificate of indebtedness held in your New Treasury Direct account.
[69 FR 50308, Aug. 16, 2004]
§ 351.63 - How are redemption payments made for my redeemed book-entry Series EE savings bonds?
We will make payments electronically by direct deposit, using the ACH method, to your designated account at a United States depository financial institution. You may also direct that a payment be used to purchase a certificate of indebtedness to be held in your New Treasury Direct account.
[69 FR 50308, Aug. 16, 2004]
§ 351.64 - What is the issue date of a book-entry Series EE savings bond?
The issue date of a book-entry Series EE savings bond is the first day of the month in which the security posts to the current holdings of the account owner.
[69 FR 50308, Aug. 16, 2004]
§ 351.65 - What amount of book-entry Series EE savings bonds may I acquire per year?
The principal amount of book-entry Series EE savings bonds that you may acquire in any calendar year is provided at § 363.52.
[77 FR 213, Jan. 4, 2012]
§§ 351.66-351.67 - §[Reserved]
§ 351.68 - Are taxpayer identification numbers (TINs) required for registration of book-entry Series EE savings bonds?
The TIN of each person named in the registration is required to purchase a book-entry bond.
§ 351.69 - When is a book-entry Series EE savings bond validly issued?
A book-entry bond is validly issued when it is posted to your New Treasury Direct account.
§ 351.70 - How are redemption values calculated for book-entry Series EE savings bonds?
We base current redemption values (CRV) for book-entry Series EE savings bonds on the definitive savings bond CRV. We use the CRV for a $100 principal amount as calculated in § 351.16 to calculate a CRV prorated to the book-entry principal investment amount for the corresponding issue and redemption dates. Calculated book-entry CRV will be rounded to the nearest one cent.
2
The formula is as follows:
2 Example: Calculated value of $25.044 rounds to $25.04; calculated value of $25.045 rounds to $25.05.
[Book-entry principal investment ÷ $100] × [CRV value for $100 principal amount].
[68 FR 24796, May 8, 2003, as amended at 75 FR 52460, Aug. 26, 2010]
§ 351.71 - How can I find out what my book-entry Series EE savings bonds are worth?
(a) Redemption values. You may access redemption values for your book-entry bonds through your New Treasury Direct account.
(b) Redemption penalty. Redemption values shown in your New Treasury Direct account for bonds that are within 5 years from issue date reflect the three-month interest penalty applied to bonds redeemed prior to five years from the issue date.
§§ 351.72-351.80 - §[Reserved]
source: 68 FR 24796, May 8, 2003, unless otherwise noted.
cite as: 31 CFR 351.62