[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: 31CFR342.7]

[Page 253]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 342--OFFERING OF UNITED STATES SAVINGS NOTES--Table of Contents
 
Sec. 342.7  Payment or redemption.

    (a) General. A savings note is redeemable any time one year or more 
after the issue date upon its presentation and surrender, with a duly 
executed request for payment, to any Federal Reserve Bank or Branch 
referred to in 342.9, the Bureau of the Public Debt, or to any financial 
institution designated as a paying agent of savings bonds.
    (b) Judgment creditors. Payment of a savings note to the purchaser 
at a sale under a levy, or to the officer authorized to levy upon the 
property of the owner under appropriate process to satisfy a money 
judgment, could not be made until one year after the issue date of the 
note.

[57 FR 14282, Apr. 17, 1992, as amended at 59 FR 10540, Mar. 4, 1994]