Savings Bonds for Financial Institutions

Redeeming savings bonds is an easy way for your financial institution to provide additional service to your customers. The Treasury Retail Securities site at the Federal Reserve Bank of Minneapolis and the U.S. Treasury’s Bureau of the Public Debt offer an array of free resources that make being a savings bond paying agent rewarding for your customers and you.

For more information about savings bonds for financial institutions, read Savings Bonds: An easy addition to your financial portfolio (PDF), a brochure that describes the processing options associated with paying U.S. Savings Bonds.

To become a paying agent, visit Savings Bonds for Financial Institutions setup or contact the Minneapolis Treasury Retail Securities site.

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 Banks expect 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.

EZ Clear

The EZ Clear Program is used to process redeemed U.S Savings Bonds and Notes.