[Code of Federal Regulations]

[Title 31, Volume 2]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR359.38]



[Page 455]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY

 

PART 359_OFFERING OF UNITED STATES SAVINGS BONDS, SERIES I--Table of Contents

 

               Subpart B_Definitive Series I Savings Bonds

 

Sec.  359.38  How is payment made when definitive Series I savings bonds are redeemed?



    A financial institution qualified as a paying agent under the 

provisions of part 321 will pay the current redemption value of a 

definitive Series I bond presented for payment. The bond must meet the 

requirements for payment specified in part 360. You must establish your 

identity and entitlement to redemption to the satisfaction of the agent, 

in accordance with our instructions and identification guidelines, and 

must sign and complete the request for payment.