[Code of Federal Regulations] [Title 31, Volume 2] [Revised as of July 1, 2006] From the U.S. Government Printing Office via GPO Access [CITE: 31CFR363.40] [Page 487-488] TITLE 31--MONEY AND FINANCE: TREASURY CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY PART 363_REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT--Table of Contents Subpart B_General Provisions Governing Securities Held in TreasuryDirect Sec. 363.40 How are payments of principal and interest made? (a) Payment of a savings bond that has reached final maturity. We will purchase a certificate of indebtedness in your TreasuryDirect[supreg] account using the proceeds of a matured savings bond. (b) Payments of interest and principal (except a savings bond that has reached [[Page 488]] final maturity). (1) We provide two methods of receiving payments of principal and interest: (i) Payment to your account at a financial institution by the ACH method, or (ii) Payment to your TreasuryDirect account to purchase a certificate of indebtedness. (2) You may select different payment destinations for principal and interest for a marketable Treasury security. You may change your payment destination at any time, unless the security is in the closed book period. (See Sec. 363.210.) (3) If we are unable to deliver a payment, we will use the payment to purchase a certificate of indebtedness in your TreasuryDirect account. [70 FR 57443, Sept. 30, 2005]