[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: 31CFR363.171]

[Page 500-501]
 
                  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 E_Conversion of a Definitive Savings Bond
 
Sec.  363.171  How do I redeem a converted savings bond?

    (a) Before final maturity--(1) Savings bond of any series registered 
either in the single owner or owner with beneficiary form of 
registration. You may redeem

[[Page 501]]

your converted savings bond any time prior to final maturity after the 
minimum holding period through your TreasuryDirect[supreg] account.
    (2) Savings bond of any series registered in the coowner form of 
registration. The converting coowner may redeem the converted savings 
bond at any time prior to final maturity after the minimum holding 
period through his or her TreasuryDirect account. The non-converting 
coowner may redeem the converted savings bond at any time prior to final 
maturity after the minimum holding period provided that he or she has 
been granted transaction rights in the converted bond by the converting 
coowner.
    (b) Upon final maturity--(1) Savings bond of any series registered 
in the single owner, owner with beneficiary, or coowner forms of 
registration. If you have not previously redeemed or transferred your 
converted savings bond, it will be automatically redeemed for you at 
final maturity.
    (2) The redemption proceeds will be automatically used to purchase a 
certificate of indebtedness registered in your name and held in your 
TreasuryDirect account.