CFR > Title 31 - Money and Finance: Treasury > SUBTITLE B—Regulations Relating to Money and Finance > CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY (parts 200 to 391) > SUBCHAPTER B—BUREAU OF THE PUBLIC DEBT (parts 306 to 391) > PART 359—OFFERING OF UNITED STATES SAVINGS BONDS, SERIES I > SUBPART C—Book-Entry Series I Savings Bonds (§359.45 to §359.57-359.64) > 359.48—How are redemption payments made for my redeemed book-entry Series I savings bonds?

359.48—How are redemption payments made for my redeemed book-entry Series I savings bonds?

We will make payments electronically by direct deposit, using the ACH method, to your designated account at a United States depository financial institution. You may also direct that a payment be used to purchase a certificate of indebtedness to be held in your New Treasury Direct account.

Code of Federal Regulations

[69 FR 50308, Aug. 16, 2004]