Code of Federal Regulations · Section

§ 363.165 — What Happens When I Convert A Savings Bond That Is Registered In My Name As A Single Owner, Either Coowner, An Owner With A Beneficiary, Or An Entity?

31 C.F.R. § 363.165

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(a) Unmatured savings bond. When the conversion is approved, an unmatured savings bond that is registered in the name of the TreasuryDirect ® account owner as a single owner, either coowner, an owner with beneficiary, or an entity, will be released to the account owner's conversion linked account.

(b) Matured savings bond. A savings bond that has reached final maturity and is registered in the name of the TreasuryDirect account owner as a single owner, either coowner, an owner with beneficiary, or an entity, will be converted to a book-entry savings bond and automatically redeemed. The redemption proceeds will be used to purchase a zero-percent certificate of indebtedness in the account owner's name in the primary account.

31 C.F.R. § 363.164 31 C.F.R. § 363.166

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