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Treasury to End Over-the-Counter Sales of Paper U.S. Savings Bonds

WASHINGTON July 13, 2011 January 1, 2012 $70 million

®

Van Zeck

April 2010 December 31, 2010 $120 million

"Through TreasuryDirect, investors have an easy and convenient way to purchase and manage their bonds free of charge," Commissioner Zeck said. "Investors will no longer have to worry about misplacing, losing or storing paper savings bonds."

Opening a TreasuryDirect account is free, and, once it’s established, investors can:

  • Buy, manage, and redeem Series EE and I electronic savings bonds.
  • ®
  • Purchase electronic savings bonds as a gift.
  • Enroll in a payroll savings plan for purchasing electronic bonds.
  • Invest in other Treasury securities such as bills, notes, bonds, and TIPS (Treasury Inflation-Protected Securities).

Those currently holding paper savings bonds can continue to redeem them at financial institutions. Bonds, which have not matured, but were lost, stolen or destroyed, can be reissued in paper or electronic form.

www.irs.gov

www.treasurydirect.gov

SOURCE U.S. Department of the Treasury’s Bureau of the Public Debt

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