Depositing Savings Bonds
As announced on February 15, the U.S. Department of the Treasury discontinued paying fees to U.S. Savings Bond agents for redeeming savings bonds as of April 11, 2012. This change coincides with the move of redeemed bond processing to image-enabled bond processing, on April 16, 2012. Visit the Image-enabled Savings Bond Processing Resource Center for more information, including new cash letter forms.
Depositing Redeemed Savings Bonds
The Federal Reserve Banks accept image-eligible savings bonds in mixed and separately sorted FedForward® image cash letters (ICLs) and separately sorted paper cash letters. While image-based savings bond processing is strongly preferred, paper savings bond deposits are also accepted.
Visit Savings Bonds for Financial Institutions for additional information on depositing redeemed bonds in image and paper cash letters.
