---
kind: "section"
citation: "31 C.F.R. § 360.48"
title: "31"
number: "360.48"
heading: "Restrictions on reissue; denominational exchange."
url: "https://uscodex.org/cfr/31/360.48"
---

# §360.48. Restrictions on reissue; denominational exchange.

- (a) **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:
  - (1) If the new owner requests payment in the same transaction; or
  - (2) 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](/cfr/31/part363.md).
- (b) **Denominational exchange.** Reissue is not permitted solely to change denominations.

## Notes

### 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]