EZ Clear Program

The EZ Clear Program is used to process redeemed U.S Savings Bonds and Notes with state-of-the-art imaging technology which increases the speed and efficiency of the redemption process. This program is available to all financial institutions who are authorized paying agents for the U.S. Department of the Treasury.

EZ Clear increases the speed and efficiency of the savings bonds redemption process. Financial institutions report substantial cost benefits from reduced exception handling, increased funds availability, and the expedited receipt of redemption fees.

For more information about EZ Clear, including a sign-up form and user guide, visit TreasuryDirect (Off-site Link).

Notice: Important savings bond processing changes effective December 1, 2011 (PDF).

U.S. Savings Bond moving to Image-enabled Processing

For the past year, the Federal Reserve Banks have worked with the U.S. Department of the Treasury’s Bureau of the Public Debt to make the necessary changes to allow redeemed paper savings bonds to be sent via image cash letters using the FedForward® Service. The Federal Reserve expects to begin accepting savings bonds in a FedForward image cash letter by the end of second quarter 2012. The EZ Clear Program will be decommissioned following the transition.

Stay informed via the Online Resource Center

Information regarding this initiative, including Frequently Asked Questions, can be found via the Image-enabled Savings Bond Processing Resource Center. Over the next several months, we will provide additional details regarding the timetable for the conversion, as well as information regarding deposit options, bond eligibility, adjustments and other operational matters. We encourage you to bookmark this site for future reference.