Current through November 30, 2024
Section 363.160 - What subparts govern the conversion of definitive savings bonds?(a) This subpart governs: (1) The process of converting definitive savings bonds of all eligible series and types of registration to book-entry bonds in TreasuryDirect ®;(2) Converted savings bonds of all series registered in the coowner form of registration, unless the non-converting coowner consents to a change in the registration of the bonds after conversion;(3) Converted savings bonds of Series E registered in the owner with beneficiary form of registration, unless the beneficiary consents to a change in the registration of the bonds after conversion; and(4) Converted savings bonds of all series that are held as gift bonds by the person who converted the bonds.(b) Subpart C governs:(1) Converted savings bonds of any series registered in the single owner or entity form of registration;(2) Converted Series EE and Series I savings bonds registered in the owner with beneficiary form of registration;(3) Converted Series E savings bonds registered in the owner with beneficiary form of registration, where the beneficiary has consented to a change in the registration of the bonds after conversion; and(4) Converted savings bonds of all series registered in the coowner form of registration, where the non-converting coowner has consented to a change in the registration of the bonds after conversion. 70 FR 14943 , Mar. 23, 2005, as amended at 70 FR 57347 , Sept. 30, 2005; 74 FR 19420 , Apr. 29, 2009