NACHA provides for the interbank clearing of electronic entries for participating financial institutions.īank account means your account at a United States depository financial institution (whether a bank or other financial institution) to which you have directed that ACH debits and payments be made.īeneficiary refers to the second individual named in the registration of a security held in definitive form registered “John Doe SSN 123-45-6789 POD (payable on death to) Joseph Doe.” In the New Treasury Direct system, beneficiary refers to the second individual named in the registration of a security registered “John Doe SSN 123-45-6789 POD (payable on death to) Joseph Doe SSN 987-65-4321.” In these examples, Joseph Doe is the beneficiary.īook-entry bond means a Series I savings bonds maintained by Treasury solely as a computer record.Ĭomposite annual rate means an annual interest rate that combines an annual fixed rate of return and a semiannual inflation rate.Ĭonverted bond means a savings bond originally issued as a definitive bond that has been surrendered to us and converted to a book-entry savings bond to be maintained by Treasury solely as a computer record.Ĭoowner means either the first or the second individual named in the registration of a definitive Series I savings bonds registered “John Doe SSN 123-45-6789 or Joseph Doe.” In this example, John Doe and Joseph Doe are coowners.ĬPI-U, or U.S. The redemption value of a bond does not change between these accrual dates.Īutomated Clearing House (ACH) means a funds transfer system governed by the Rules of the National Automated Clearing House Association (NACHA).
§ 359.3 What special terms do I need to know to understand this part?Īccrual date is the first day of any month on which earnings on a Series I bond accrue. May the United States supplement or amend the offering of Series I savings bonds? What is the role of Federal Reserve Banks and Branches? May Fiscal Service waive any provision in this part? Is the Education Savings Bonds Program available for Series I savings bonds?ĭoes Fiscal Service prohibit the issuance of Series I savings bonds in a chain letter scheme?ĭoes Fiscal Service make any reservations as to issue of Series I savings bonds? How can I find out what my book-entry Series I savings bonds are worth? How are redemption values calculated for book-entry Series I savings bonds? When is a book-entry Series I savings bonds validly issued? What amount of book-entry Series I savings bonds may I acquire per year?Īre taxpayer identification numbers (TINs) required for registration of book-entry Series I savings bonds? What is the issue date of a book-entry Series I savings bond? How are redemption payments made for my redeemed book-entry Series I savings bonds? How is payment made for purchases of book-entry Series I savings bonds? What are the denominations and prices of book-entry Series I savings bonds? How are book-entry Series I savings bonds purchased and held? How can I find out what my definitive Series I savings bonds are worth? How are redemption values calculated for definitive Series I savings bonds? How is payment made when definitive Series I savings bonds are redeemed? How are definitive Series I savings bonds delivered? May I purchase definitive Series I savings bonds through employee thrift, savings, vacation, and similar plans? May I purchase definitive Series I savings bonds through a payroll savings plan? May I purchase definitive Series I savings bonds over-the-counter?
What is the issue date of a definitive Series I savings bond?Īre taxpayer identification numbers (TINs) required for the registration of definitive Series I savings bonds? When are definitive Series I savings bonds validly issued? What were the denominations and prices of definitive Series I savings bonds? Is the determination of the Secretary on rates and values final? When is interest payable on Series I savings bonds? When does interest accrue on Series I savings bonds? When is the composite rate applied to Series I savings bonds? When are interest rates for Series I savings bonds announced? How does interest accrue on Series I savings bonds? If I redeem a Series I savings bonds before five years after the issue date, is there an interest penalty? What is the maturity period of a Series I savings bonds? In what form are Series I savings bonds issued?
What special terms do I need to know to understand this part? What regulations govern Series I savings bonds? Offering of United States Savings Bonds, Series I