[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: 31CFR342.7] [Page 268-269] 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 [[Page 269]] 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]