§360.48. Restrictions on reissue; denominational exchange.
31 C.F.R. § 360.48
Elimination of definitive Series I bonds. After February 14, 2014, the Department of the Treasury will no longer reissue Series I bonds in definitive (paper) form. After that date, a request for reissue of a Series I bond for any reason will only be processed under one of the following conditions:
If the new owner requests payment in the same transaction; or
If the new owner provides instructions to reissue in the form of a book-entry bond in a TreasuryDirect® account. This option is available for persons who are eligible to open a TreasuryDirect® account under the regulations in 31 CFR part 363.
Denominational exchange. Reissue is not permitted solely to change denominations.
Notes, amendments, and revision history
Amendments
[79 FR 8860, Feb. 14, 2014]
Authority
Authority: 5 U.S.C. 301; 31 U.S.C. 3105 and 3125.
Source
Source: 63 FR 38049, July 14, 1998, unless otherwise noted.
Amendments
[79 FR 8860, Feb. 14, 2014]