§ 353.48 Restrictions on reissue.

(a) Elimination of definitive Series EE bonds. After February 14, 2014, the Department of the Treasury will no longer reissue Series EE bonds in definitive (paper) form. After that date, a request for reissue of a Series EE bond for any reason will only be processed under one of the following conditions:

(1) If the new owner requests payment in the same transaction; or

(2) If the new owner provides instructions to reissue in the form of a book-entry bond in a TreasuryDirect® account. This option is available for persons who are eligible to open a TreasuryDirect® account under the regulations in 31 CFR part 363.

(b) Denominational exchange. Reissue is not permitted solely to change denominations.

(c) United States Treasury. Reissue may not be made to eliminate the United States Treasury as coowner.

[44 FR 76441, Dec. 26, 1979, as amended at 79 FR 8859, Feb. 14, 2014]