31 C.F.R. Subpart C—Definitive Series EE Savings Bonds
Title 31 - Money and Finance: Treasury
We issue definitive bonds in denominations of $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000. The purchase price is one-half the amount of the denomination. A definitive bond is validly issued when it is registered as provided in 31 CFR part 353, and when it bears an issue date and the validation indicia of an authorized issuing agent. The issue date of a definitive bond is the first day of the month in which an authorized issuing agent receives payment of the issue price. The registration of a definitive Series EE savings bond must include the TIN of the owner or first-named coowner. The TIN of the second-named coowner or beneficiary is not required but its inclusion is desirable. If the bond is being purchased as a gift or award and the owner's TIN is not known, the TIN of the purchaser must be included in the registration of the bond. [71 FR 46857, Aug. 15, 2006] The principal amount of definitive bonds that you may purchase in any calendar year is limited to $30,000. See 31 CFR 353.10 and 353.11 of this Chapter for rules governing the computation of amounts and the special limitation for employee plans. If you have bonds issued during any one calendar year in excess of the prescribed maximum annual amount, we reserve the right to take any action we deem necessary to adjust the excess. You should obtain instructions for adjustment of the excess from us at the following address: email at [email protected], or writing to Bureau of the Public Debt, Parkersburg, WV 26106–1328. You may purchase definitive bonds over-the-counter through any issuing agent qualified under 31 CFR part 317.2 2 However, an organization serving as an issuing agent because of its status as an employer or an organization operating an employer's payroll savings plan under §317.2(c) may sell bonds only through payroll savings plans.
Title 31: Money and Finance: Treasury
PART 351—OFFERING OF UNITED STATES SAVINGS BONDS, SERIES EE
Subpart C—Definitive Series EE Savings Bonds
§ 351.40 What are the denominations and prices of definitive Series EE savings bonds?
§ 351.41 When are definitive Series EE savings bonds validly issued?
§ 351.42 What is the issue date of a definitive Series EE savings bond?
§ 351.43 Are taxpayer identification numbers (TINs) required for the registration of a definitive Series EE savings bond?
§ 351.44 What amount of definitive Series EE savings bonds may I purchase per year?
§ 351.45 What happens if I purchase definitive Series EE savings bonds in excess of the maximum annual amount?
§ 351.46 May I purchase definitive Series EE savings bonds over-the-counter?
§ 351.47 May I purchase definitive Series EE savings bonds through a payroll savings plan?
You may purchase definitive bonds in denominations of $100 or higher through deductions from your pay if your employer maintains a payroll savings plan. An authorized issuing agent must issue the bonds.
§ 351.48 May I purchase definitive Series EE savings bonds through employee thrift, savings, vacation, and similar plans?
You may purchase bonds registered in the names of trustees of employee plans in book-entry form in multiples of $100 through a designated Federal Reserve Bank, after we have approved the plan as eligible for the special limitation under §353.13 of this chapter.
§ 351.49 How are definitive Series EE savings bonds delivered?
We deliver definitive bonds by mail to your address. If your address is within the United States, its territories or possessions, or the Commonwealth of Puerto Rico, we will deliver bonds at our risk. Bonds delivered elsewhere will be delivered at your risk; however, at our discretion, we may require delivery to an address within the United States, or refuse delivery to addresses in countries referred to in part 211 of this chapter.
§ 351.50 How is payment made when definitive Series EE savings bonds are redeemed?
(a) Payment in general. A financial institution qualified as a paying agent under the provisions of 31 CFR part 321 will pay the current redemption value of a definitive Series EE bond presented for payment. The bond must meet the requirements for payment specified in 31 CFR part 353. You must establish your identity and entitlement to redemption to the satisfaction of the agent, in accordance with our instructions and identification guidelines, and must sign and complete the request for payment.
(b) Payment to beneficiary or legal representative. A paying agent may, but is not required to, pay the current redemption value of a definitive Series EE savings bond upon the request of a beneficiary if he or she survives the owner, or a legal representative designated in the bond registration by name and capacity, or a court-appointed legal representative of the last-deceased registrant's estate provided:
(1) The bond is in order for payment; and
(2) The presenter establishes his or her identity to the satisfaction of the agent in accordance with our instructions and identification guidelines, and signs and completes the request for payment.
§ 351.51 How can I find out what my definitive Series EE savings bonds are worth?
(a) Redemption values. We make redemption values available for definitive bonds in various formats and media.
(1) You may determine the redemption value for definitive bonds on the Internet at <http://www.savingsbonds.gov>.
(2) You may download savings bond calculators from the Internet at <http://www.savingsbonds.gov>.
(3) You may obtain paper tables from the Bureau of the Public Debt, Parkersburg, West Virginia 26106–1328. We reserve the right to cease making paper tables of redemption values available.
(b) Redemption penalty. For bonds issued after May 1, 1997, redemption values published in the tables reflect the three-month interest penalty applied to bonds redeemed prior to five years from the issue date.
