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Image-enabled Savings Bond Processing Resource Center


The Federal Reserve Banks now accept image-eligible savings bonds in FedForward® Service image cash letters (ICLs).

The Check Clearing for the 21st Century Act (Check 21), implemented in October 2004, has transformed the check collection system. The financial services industry has embraced the capabilities of Check 21, and in only seven years, check processing is nearly 100 percent electronic.  For many financial institutions, savings bonds are the only remaining items still handled in paper form.

In response to requests from financial institutions, and to create a more efficient savings bond redemption process, Public Debt approved this initiative to transition the process of redeemed savings bonds from the EZ Clear Program to image-enabled processing. This change allows for a more streamlined and cost-effective alternative for redeeming savings bonds. Financial institutions can leverage the efficiencies of electronic check processing, while eliminating the manual task of mailing redeemed savings bonds to a Treasury Retail Securities site for clearing.

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If you have additional questions about this initiative, please contact Savings Bond Customer Service at (800) 553-2663.  For information on image-enabled savings bond processing, please contact your account executive or Check Services Customer Support at (877) 372-2457.

Image-enabled Savings Bond Processing Questions

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