[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: 31CFR332.6]

[Page 228]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 332--OFFERING OF UNITED STATES SAVINGS BONDS, SERIES H--Table of Contents
 
Sec. 332.6  Purchase of bonds.

    (a) Issuing agents. Only Federal Reserve Banks and Branches, as 
fiscal agents of the United States, and the Department of the Treasury 
were authorized to issue Series H bonds. However, financial institutions 
were permitted to forward applications for purchase of the bonds to the 
Federal Reserve Bank of their district. The date of receipt, by the 
Reserve Bank or the Department of the Treasury, of the application and 
payment governed the issue date of the bond purchased.
    (b) Application for purchase and remittance. (1) The applicant for 
purchase of Series H Bonds furnished.
    (i) Instructions for registration of the bonds to be issued, which 
must have been in an authorized form;
    (ii) The appropriate social security or employer identification 
number;
    (iii) The post office address of the owner or first-named coowner; 
and
    (iv) The address(es) for delivery of the bonds and for mailing 
checks in payment of interest, if other than that of the owner or first-
named coowner.
    (2) The application was to be forwarded to a Federal Reserve Bank or 
Branch, or the Department of the Treasury, accompanied by a remittance 
to cover the purchase price. Any form of exchange, including personal 
checks, was acceptable, subject to collection. Checks or other forms of 
exchange were to be drawn to the order of the Federal Reserve Bank or 
the United States Treasury. Checks payable by endorsement were not 
acceptable. Any depositary qualified pursuant to 31 CFR part 203, also 
published as Department of the Treasury Circular No. 92, current 
revision, was permitted to make payment by credit for bonds applied for 
on behalf of its customers, up to any amount for which it was qualified 
in excess of existing deposits, when so notified by the Federal Reserve 
Bank of its district.