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Apr032012

What's New: US Savings Bond Rules

DateTuesday, April 3, 2012 at 4:21PM by AuthorBanking Spectrum
The US Treasury Department recently issued guidance for paying agents and presenting institutions who process savings bond transactions.

Financial institutions that are authorized to redeem and process savings bonds are required to redeem bonds for customers and non-customers as long as the owner and co-owner named on the bonds establish satisfactory proof of their ownership rights.

New chapter, Savings Bond Transactions has been added to The Gold Book.

 
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