[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: 31CFR353.39]

[Page 332-333]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 353--REGULATIONS GOVERNING UNITED STATES SAVINGS BONDS, SERIES EE AND HH--Table of Contents
 
                Subpart H--General Provisions for Payment
 
Sec. 353.39  Surrender for payment.

    (a) Procedure for bonds of Series EE, in the names of individual 
owners or coowners only. An individual who is the owner or coowner of a 
Series EE bond 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 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. 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

[[Page 333]]

involving partial redemption or any case in which supporting evidence is 
required.
    (b) Procedure for all other cases. In the case of bonds 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 address to which the check in 
payment is to be mailed. 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.

[44 FR 76441, Dec. 26, 1979, as amended at 59 FR 10541, Mar. 4, 1994]