[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR315.39]

[Page 177-178]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 315--REGULATIONS GOVERNING U.S. SAVINGS BONDS, SERIES A, B, C, D, E, F, G, H, J, AND K, AND U.S. SAVINGS NOTES--Table of Contents
 
                Subpart H--General Provisions for Payment
 
Sec. 315.39  Surrender for payment.

    (a) Procedure for bonds of Series A to E, inclusive, in the names of 
individual owners or coowners only. An individual who is the owner or 
coowner of a bond of Series A, B, C, D, or E may present the bond to an 
authorized paying agent for redemption. The presenter must be prepared 
to establish his or her identity in accordance with Treasury 
instructions and identification guidelines. The

[[Page 178]]

owner or coowner must sign the request for payment on the bond or, if 
authorized, on a separate detached request, and add his or her address. 
In addition, in the case of a Series E bond or savings note, the 
presenter must record his or her social security number on the face of 
the security, provided it does not already appear in the inscription. 
Paying agents are authorized to refuse payment in any case where the 
presenter's number is not provided. If the request for payment has been 
signed, or signed and certified, before presentation of the bond, the 
paying agent must be satisfied that the person presenting the bond for 
payment is the owner or coowner and may require the person to sign the 
request for payment again. If the bond is in order for payment, the 
paying agent will make immediate payment at the current redemption value 
without charge to the presenter. Paying agents are not authorized to 
process any case involving partial redemption or any case in which 
supporting evidence is required.
    (b) Procedure for all other cases. In the case of a bond to which 
the procedure in paragraph (a) of this section does not apply, or if 
otherwise preferred, the owner or coowner, or other person entitled to 
payment, should appear before an officer authorized to certify requests 
for payment, establish his or her identity, sign the request for 
payment, and provide information as to the addresss to which the check 
in payment is to be mailed. In addition, in the case of a Series E bond 
or savings note, the presenter must record his or her social security 
number on the face of the security, provided it does not already appear 
in the inscription. The bond must be forwarded to a designated Federal 
Reserve Bank or Branch or the Bureau of the Public Debt. Usually, 
payment will be expedited by submission to a designated Federal Reserve 
Bank or Branch. In all cases, the cost and risk of presentation of a 
bond will be borne by the owner. Payment will be made by check drawn to 
the order of the registered owner or other person entitled and will be 
mailed to the address requested.
    (c) Date of request. Requests executed more than six months before 
the date of receipt of a bond for payment will not be accepted. Neither 
will a bond be accepted if payment is requested as of a date more than 
three months in the future.

[45 FR 64091, Sept. 26, 1980, as amended at 59 FR 10535, Mar. 4, 1994]