Skip to main content

Improving the Paying Agent Experience with Savings Bonds News You Can Use

March 31, 2017

Thank you for your continued support of the United States Savings Bond Program. As a savings bond paying agent, your institution’s commitment to excellent customer service is appreciated.

We are leveraging the Federal Reserve Bank Services communication channels (FRBservices.org, FedFlash®, FedFocusSM, etc.). to give you easy access to information. The objective is to identify ways to streamline and modernize the redemption process to make it easier for your staff to provide high quality, efficient, and accurate services to your customers.

Examples of upcoming materials include:

  • Updates regarding changes to Treasury/FRB processes and systems
  • Tips from other financial institutions for streamlining the processing of customer requests
  • Notifications of TreasuryDirect.gov website changes
  • Resources available to assist in redeeming savings bonds

We are also establishing a Savings Bond Paying Agent Community group as a forum for you to participate with us and other financial institutions to gather feedback and to exchange ideas. More information on the group will be shared in the future.

Potential topics for the group include:

  • Improvements to current savings bond redemption processes
  • Resources and tools that you find helpful and how to improve them

We appreciate your support of the Savings Bond Program and look forward to working with your financial institution. Please submit any comments or suggestions via the online form (Off-site) or by phone at P: (844) 284-2676.

Thank you,

David T. Copenhaver
Assistant Commissioner
Office of Retail Securities Services
Bureau of the Fiscal Service
U.S. Department of the Treasury

Debra L. Knilans
Vice President, Treasury Services
Federal Reserve Bank of Minneapolis

Top of Page