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TREAS/FISCAL

RIN: 1530-AA19

Publication ID: Spring 2022

Title: Payments by Banks and Other Financial Institutions of United States Savings Bonds and United States Savings Notes
Abstract: The Fiscal Service plans to amend the savings bond payment regulations in 31 CFR part 321 to formally add an option for paying agent financial institutions to digitally stamp payment information on paid bond images, instead of physically stamping the information on the original paid bonds. This change will not impose any new burden on banks or customers, and will align the regulation with current practice that has been implemented under waiver authority. The Fiscal Service also plans to amend the paper savings bond regulations to eliminate the current conversion and reissue transactions, which are expensive to process.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 31 CFR 321
Legal Authority: 5 U.S.C. 301 12 U.S.C. 391 31 U.S.C. 321, 3105 and 3126

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	08/00/2022

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Lisa Martin Attorney Department of the Treasury Bureau of the Fiscal Service 401 14th Street SW., Washington, DC 20227 Phone:202 874-6680