31 CFR 359.48 - How are redemption payments made for my redeemed book-entry Series I savings bonds?

Regulations last checked for updates: Nov 22, 2024

Title 31 - Money and Finance: Treasury last revised: Nov 18, 2024

View all text of Subpart C [§ 359.45 - § 359.64]

§ 359.48 - How are redemption payments made for my redeemed book-entry Series I 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]

authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.

source: 67 FR 64278, Oct. 17, 2002, unless otherwise noted.

cite as: 31 CFR 359.48