[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: 31CFR330.7]

[Page 226]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 330--REGULATIONS GOVERNING PAYMENT UNDER SPECIAL ENDORSEMENT OF UNITED STATES SAVINGS BONDS AND UNITED STATES SAVINGS NOTES (FREEDOM SHARES)--Table of Contents
 
Sec. 330.7  Payment or redemption--exchange by agent.

    Specially endorsed securities may be paid in cash or, if they are 
eligible Series E and EE savings bonds or savings notes, redeemed in 
exchange for Series HH bonds pursuant to the authority and subject, in 
all other respects, to the provisions of Circular No. 750, current 
revision (31 CFR part 321), its appendix, and any other instructions 
issued under its authority. Each specially endorsed bond or note paid by 
an agent must have the agent's payment stamp imprinted on its face and 
show the date and amount paid. Securities so paid should be combined 
with other securities paid under that Circular and presented for 
settlement through EZ CLEAR. Securities redeemed by an agent in an 
exchange must be presented for settlement through EZ CLEAR separately 
from, but at the same times as, an exchange subscription and any 
remittance are forwarded to the Fiscal Agency Department of the 
appropriate Federal Reserve Bank.

[63 FR 38044, July 14, 1998]