the
Volume 30 No. 2 November, 2001 • D e p a r t m e n t o f t h e T r e a s u r y • B u r e a u o f t h e P u b l i c D e b t
A Message from the Commissioner BOND TELLER MARKS
HAPPY 30th BIRTHDAY BOND TELLER! 30TH BIRTHDAY
A
thirtieth birthday can be
T
he first edition of “The Bond Teller” came off the traumatic. But for “The Bond
press just about the time that I joined the Bureau of Teller” it’s a note-worthy
the Public Debt and began to learn the details of milestone to reflect on where we were
Savings Bonds myself. Its purpose was, and still is, to and how far we’ve come. The first
keep you, the folks who handle Savings Bonds well achievement is that the newsletter has
informed and thus better prepared to serve your Savings survived as a valuable resource for
Bonds customers. you. We’ve documented thirty years
The work you and your colleagues have done over the of history and changes in not only the
years is important, and most of all appreciated. To say products – savings bonds – but also
that things have changed in the 30 years since the first “Bond teller” would be the ways in which they’re processed.
an understatement. Here are a few highlights of the
Savings Bonds story, as recorded for
In the Savings Bonds program, for example, we have seen three new series of three decades in “The Bond Teller”.
bonds introduced and moved from manual handling and recording of bonds to
the streamlined processing of bond orders and redemptions. The founding editor, Norm La
Cholter, published the first issue of
Over the years you’ve helped millions of Americans save and invest for their our newsletter in October 1971. Three
future. More than $240 billion in bonds have been purchased over those other editors have guided the
thirty years! publication of “The Bond Teller”:
Stephen Meyerhardt, 1972 to 1982
While much has changed, the key constant in the customer service equation is
(currently Director, Washington
you: answering customers’ questions and helping them with their bond
District, Savings Bonds Marketing
transactions.
Office), Kathy Litwak, 1983, and
You’ve taken care of bond owners with the whole gamut of savings bonds Sheila E. Nelson, 1984 to present.
transactions from issues, redemptions and exchanges to their need for more
When the first newsletter was issued,
complex bond services.
more than 40,000 different agents
I’d like you to know that we are continuously looking for ways to make your actually issued Series E bonds. That
work easier by offering you new tools to price bonds and to get the information meant they kept bond stock (actual
your customers need. bonds and a registration stub for each
to record the sale) under lock and
All of us at Treasury are grateful for your service. We also appreciate the
(Continued on page 2)
support of the thousands of banks and
thrift institutions that are the face of all IN THIS ISSUE
Savings Bonds programs. Your hard HAPPY 30th BIRTHDAY BOND TELLER! . . . . . . . . . . . . . . . . . . . . . . 1
work and commitment to your BOND TELLER MARKS 30TH BIRTHDAY. . . . . . . . . . . . . . . . . . . . . . 1
customers are key ingredients in the UPDATE YOUR BondPro BY E-MAIL . . . . . . . . . . . . . . . . . . . . . . . . 2
success of the Savings Bond program. CASHING A U.S. SAVINGS BOND?. . . . . . . . . . . . . . . . . . . . . . . . . 3
QUICK CHECKLIST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Thank you, HELPFUL LINKS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
SAVINGS BOND UNIVERSITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
NOW THAT YOU ASK. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
EVERYONE WOULD LIKE TO FIND UNEXPECTED MONEY . . . . . . . . . 7
REDEMPTION TABLE DATES TO CHANGE IN JUNE 2002 . . . . . . . . . . 7
Van Zeck, HOW TO FIND BOND VALUES FOR ANNUAL TAXES . . . . . . . . . . . . 8
Commissioner of the Public Debt CUSTOMER PRICING TOOL CHOICES . . . . . . . . . . . . . . . . . . . . . . 8
BOND TELLER MARKS 30TH BIRTHDAY UPDATE YOUR BondPro
(Continued from page 1) BY E-MAIL
T
key, typed the owner’s information program uses the check collection he Bureau of Public Debt is
on the bond, and handed it to the system to process redeemed savings asking BondPro agents to
purchaser. For a time, Series H Bonds bonds. convert to the E-mail method of
were available receiving updates to the tables of
through cash Online sales
redemption values for savings bonds.
sales as well as introduced
The most recent addition to the
through through Savings
BondPro pricing program, E-mail
exchange Bond Direct
updates, are now the preferred way to
transactions, as offer many
receive new bond value tables.
now. In 1980, bond
Series EE and purchasers the Through the years, Public Debt has
HH Bonds flexibility of supplied several savings bond pricing
replaced Series buying via the tools. First, there were the paper
E and H Bonds. Internet. redemption tables. Then, electronic
Electronic pricing started with the CRV (Current
The way pricing Redemption Values) Program.
savings bonds programs,
earn interest starting with In early 1999, the newest pricing tool,
has been Blast From the Past CRV (Current BondPro, was introduced. It was
revised several Top: The original Redemption designed to replace both the paper
times over the nameplate from 1971. Value) and now tables and CRV. BondPro replaces the
last 30 years. BondPro, are redemption tables you’ve received for
Editors past and
Each change popular years. To get a paper table, you
present (clockwise):
was intended to timesaving tools simply print it from BondPro.
Stephen Meyerhardt
improve the (1972 - 1982), Kathryn for tellers. BondPro also does everything CRV
attractiveness of Litwak (1983), Sheila E. does and more. To get a better look at
buying and Nelson (1984 - present). Will there be the new tool, go to www.bondpro.gov
holding savings more and take the BondPro Tours.
bonds. streamlining? Yes, of course. Will
your customers continue to need your Public Debt is committed to
The education bond program help? Definitely. Can “The Bond eliminating paper redemption table
introduced in January 1990 makes tax Teller” newsletter continue to help orders; BondPro is the replacement
benefits available for qualified you? Certainly. Just ask. It is our tool. The goal is to have all paying
persons using bond principal and pleasure to serve. That’s the future. agents using BondPro by May 2002.
interest for higher education. ❧ (Continued on Page 8)
In September 1998 Treasury
introduced the I Bond, a series
indexed to protect bond owners’ Change of Address
savings against inflation.
In addition to substantive changes in
Editor: Please change the mailing address
bonds, technology has definitely
changed, streamlining savings bond From: (Recipient please affix old label here or provide the
procedures for everyone involved in identification number printed above the address on the label.)
the sale, issuance, and redemption of
bonds.
To:
Through the implementation of RDS
and consolidation of servicing
locations, bonds are now issued only
through five Federal Reserve Banks:
Buffalo Branch of the Federal Reserve
Bank of New York, New York;
Minneapolis, Minnesota; Kansas City, Please change the number of copies I receive
Missouri; Richmond, Virginia; and from to
the Pittsurgh Branch of the Federal
Reserve Bank of Cleveland. On the I no longer wish to receive “The Bond Teller.”
redemption side, the EZ Clear
2
CASHING A U.S. SAVINGS BOND?
Responsibility
• Your financial institution is required to cash savings bonds or notes eligible for payment for a
customer with the required identification. Keep the check list on the reverse of this page for
handy identification reference. For purposes of the check list customer is defined as any
person presenting bonds for payment at your financial institution, whether or not they
have an account with you.
• Payment to beneficiaries and legal representatives is optional.
• You may NOT cash bonds/notes for anyone acting under a power of attorney. Those
transactions must be forwarded.
Why This is Important
If you cash a bond or note incorrectly, your financial institution is liable for the loss (unless
Treasury determines the loss wasn’t due to fault or negligence on your part).
Remember
Log ID used. Make adequate notation of the customer
identification used.
Over $1000, photo ID is not sufficient. If the total redemption value of the bonds
is over $1000, you must know your
customer. Photo identification is not
acceptable.
Verify account, open at least 6 months if used for ID. Make sure the customer account has been
open a minimum of 6 months before
using the account for identification
purposes.
Eliminate paying on the basis of a power of attorney. Send the request and power of attorney
document to a Federal Reserve Bank.
For complete instructions concerning acceptable identification and adequate notations, see PD F
3900, Identification Guide For Cashing United States Savings Bonds.
3
QUICK CHECK LIST
Check each bond to be sure it is eligible for payment.
Is it a series you can cash? You may cash Series E, Savings Notes, Series EE and Series I.
Is the issue date valid for series? • Series E: May 1941 – June 1980
• Savings Notes: May 1967 – October 1970
• Series EE: January 1980 to date
• Series I: September 1998 to date
Is the issue date at least 6 months Bonds must be at least 6 months old to be eligible for redemption.
prior to today’s date?
Make sure you have a good request for payment.
Is the customer named as owner or You are required to cash bonds eligible for payment for an owner or co-owner
co-owner on the bond? with adequate identification. If the customer is not named as owner or co-owner,
do NOT use this Quick Check List, see PD F 3900, Identification Guide For
Cashing United States Savings Bonds instead.
Has the customer signed the request If not, have the customer sign (or resign) the request.
for payment in your presence?
Does the signature EXACTLY match • Some differences are obvious, e.g., Robert for Bob; just have the customer re-sign
the name on the bond? • If it’s not obvious, ask.
· If the explanation makes sense, e.g., married name versus maiden name,
note the explanation with the signature.
· If the explanation doesn’t satisfy you, e.g., names spelled differently,
don’t cash the bond.
Is the social security number on the If not, have the customer enter his/her number on the back of the bond.
bond the customer’s?
Is the address on the bond the If not, have the customer enter his/her current address on the back of the bond.
customer’s current address?
Require adequate identification.
Does the customer have an account at For identification purpose, an established customer must
your financial institution. • have an account at your bank for at least 6 months and
• a signature on file that compares favorably to the signature on the bond.
Is the customer with another person who For identification purposes,
is an established customer of your bank • the source and duration of the acquaintance between the identifier and
(with an account open at least 6 months) customer must be such as to make the identification reliable (personal
or is the customer someone known to an identification based on casual acquaintance is not reliable, e.g. a brief
officer of your bank? landlord-tenant relationship, or identifications made of patrons by owners
or employees of hotels, bars, restaurants, bowling alleys, etc.) and
• the identifier must know the customer by the name on the bond.
OR
Does the customer have one of the For identification purposes, documentary identification is acceptable
following forms of documentary • only for payments of $1000 or less,
identification? • if the picture and/or physical description compares favorably to the
• Motor vehicle operator’s license customer,
• State-issued identification card • if the signature on the identification compares favorably to the signature on
• Employer identification card the bond
• Craft/trade license issued by state or • if the document is countersigned or otherwise validated.
local government, e.g., to barber, cab For others types of documentary identification, see PD F 3900, Identification
driver, electrician, etc. Guide For Cashing United States Savings Bonds.
Make an adequate notation of the identification used.
To be adequate, a notation must SAMPLES:
• be recorded on the bond or in a
separate record at the time of for account --- ., “Ck Acct 3421, 4/1/80”
payment and for personal identifier --- “John Smith 98 Oak St, ex-college roommate, 10 yrs.”
• be sufficiently detailed to permit, at a for documentary identification --- “NY D/L A07346-99753-738826”
later date, a determination of the exact
identification used.
For complete instructions concerning acceptable identification and adequate notations, see PD F 3900, Identification Guide For
Cashing United States Savings Bonds.
4
HELPFUL LINKS SAVINGS BOND
Did you know there’s a savings bond website just for you? Our Financial UNIVERSITY:
Institutions’ home page is just a click away...at www.savingsbonds.gov. HERE’S A NEW WAY TO
LEARN ABOUT BONDS
A
re you looking for a
convenient way to learn about
savings bonds, to learn how
to handle bond transactions, and to
better serve your customers? Then
you need to enroll at Savings Bond
University!
Savings Bond University is the newest
addition to our Internet site,
www.savingsbonds.gov. After
providing some basic enrollment
information, students can begin
You’ll find everything you ever wanted to know about U.S. Savings Bonds! The taking courses covering topics such as:
site offers bond pricing tools, information about issuing and redeeming bonds, • Features and Benefits of Savings
current rates, forms, answers to frequently asked questions, and much more... If Bonds
you can’t locate something, just e-mail us and we’ll be happy to help you. • Registering Savings Bonds
• Purchasing Savings Bonds
• Redeeming Savings Bonds
• Reissuing Savings Bonds
• Exchanging Savings Bonds
• Replacing Lost or Destroyed
Savings Bonds
• Savings Bond Interest Rates.
Each course takes less than 20
minutes to complete and is followed
by a brief quiz to test the student’s
understanding of the subject matter.
After passing all of the quizzes,
students graduate from the Savings
Bond University and are prepared
with the same basic information that’s
currently offered in the savings bond
seminars offered by the Federal
Reserve Bank. Students can work at
their own pace—since it’s always
If you’re in a hurry and want to go directly to the source, use this handy quick reference list: available online, they can complete
Savings Bond Home Page Identification Guide courses when it’s convenient for them
www.savingsbonds.gov www.savingsbonds.gov/sav/sav3900.htm or review courses when they need a
Bond Teller Current Interest Rates
refresher.
www.savingsbonds.gov/sav/savbtell.htm www.savingsbonds.gov
Savings Bond University also will
Frequently Asked Questions Forms provide online resources for
www.savingsbonds.gov/sav/savfaq.htm www.savingsbonds.gov/sav/savfiforms.htm additional information, such as the
Training Opportunities
Savings Bond Resource Guide, a page
BondPro
www.bondpro.gov www.savingsbonds.gov/sav/sbtraining.htm of e-mail addresses for questions, a
glossary of savings bond terms, and
Savings Bond Resource Guide EZ Clear Information links to appropriate areas of our
www.savingsbonds.gov/sav/sbrguide.htm www.savingsbonds.gov/sav/sbezclearhome.htm
Internet site.
Savings Bond Home Page for Financial Institutions Stop by Savings Bond University
www.savingsbonds.gov/sav/savfi.htm
campus today! You will find that
Clip this list and save it for future reference. Better yet, add these pages to your bookmark learning about savings bonds has
or favorites list so you can get to them instantly. never been easier or more convenient!
❧
5
NOW THAT YOU ASK
T
he following are questions sent Q: When I bought an I bond in July Q: I have never been able to calculate
to us by bondowners. Since 2001 I understood I would be getting the same combined rate you publish
Bond Tellers probably receive 5.92% for the first six months even for I bonds. Can you tell me where on
similar questions we thought we though that rate was announced in the web I can find the formula that
would share the answers with you. May 2001 and a new inflation rate is you use?
combined with my bond’s fixed rate
Q: If the announced earnings rate for A: The earnings rate is set by the
in November 2001, before my bond is
Series I savings bonds we buy today following formula: Earnings rate =
six months old. Is the initial rate for
is 5.92% per year, compounded [Fixed rate + 2 x inflation rate +
my bond good for the first six months
semiannually, will the interest rate be (Inflation rate x fixed rate)] x 100
after I bought it, or does it change in
5.92% for the entire 30 years, or does
November (and every May and Formula details are shown at our web
the rate fluctuate every 6 months?
November after that) when new rates address: www.savingsbonds.gov/
A: The earnings rate is subject to are announced? sav/sbirate2.htm
change every 6 months. For the bonds
A: Your I bond issued in July 2001 has Q: Why wouldn't the "Yield to Date"
you’re referring to – Series I savings
an earnings rate of 5.92% per year, for my 6-month old Series I savings
bonds issued in the months of May
compounded semiannually, for the bonds be the same as the composite
through October 2001 – the earnings
first six months – that is, from July 1, earnings rate announced for those
rate is 5.92% per year, compounded
2001 to January 1, 2002. The new bonds just prior to when I bought
semiannually, for the first 6 months
semiannual inflation rate announced them?
only. Each Series I savings bond
as of November 1, 2001, will be
interest rate has two parts: a fixed rate A: For Series I savings bonds that are
combined with your bond’s fixed
that is that bond’s fixed rate for thirty less than 5 years old, the redemption
rate – 3.00% per year, compounded
years and an inflation rate that values and any yields to date shown
semiannually – to produce your
changes every six months. in paper and electronic tables reflect a
bond’s earnings rate for the second
Q: How is a semiannual inflation rate six months – January 1, 2002, to July 1, 3-month interest penalty. So the yield
determined? 2002. The new semiannual inflation to date for the first 6 months would
rate announced as of May 1, 2002, will be less than the announced composite
A: A semiannual inflation rate is the be combined with your bond’s fixed earnings rate because the yield to date
percentage change over six months in rate to produce your bond’s earnings reflects earning only 3 months’
the non-seasonally adjusted rate for the period July 1, 2002, to interest over 6 months. If you keep an
Consumer Price Index for all urban January 1, 2003. I bond for at least 5 years, there is no
consumers: U.S. City Average for All longer any 3-month interest penalty.
Items (CPI-U). Q: I have Series I savings bonds I
bought just over 6 months ago. I think Q: How is Series I savings bond
Q: Does the bond owner have a your online Savings Bond Calculator interest compounded? For example, if
choice of receiving a “fixed rate of at www.savingsbonds.gov is really a $100 I bond earns interest of $1.00 in
return” or a “semiannual inflation convenient and easy to use, but no the first month. Is the interest
rate” that varies every six months? matter how I use it, I get a value that calculated on the $100 or the $101.00
is considerably below what I would amount for the second month?
A: No, our most recent measure of
inflation (the latest semiannual have expected. Why? A: Interest is compounded
inflation rate) is combined as of each A: Series I savings bonds that are semiannually. During your bond's
May 1 and November 1 with a bond’s redeemed before they're 5 years old first 6 months, interest is based on the
fixed rate to get the bond’s earnings are subject to a 3-month interest amount you paid for the bond.
rate for a six-month period. penalty. This means that if you During the second six months, the
redeem your I bond when it's 6 bond earns interest based on what
Q: Your online information at
months old, its redemption value will you paid plus your first six months of
www.savingsbonds.gov says if you
include only the first 3 months' interest.
redeem a Series I savings bond after
18 months, you'll get 15 months' of interest. An I bond cashed when it's If your customers ask other questions
earnings. Is this the first 15 months, or 28 months old includes the first 25 about savings bonds, let us know by
the latest 15 months? months' interest. The redemption sending their questions to: Sheila
values shown by the Savings Bond Nelson, Editor, The Bond Teller,
A: The first 15 months’ interest is Calculator are redemption values you Bureau of the Public Debt, 999 E
included in an I bond’s redemption would get if you cashed your bond on Street NW, Washington, DC 20239.
value if cashed when it's 18 months the redemption date or "value as of"
❧
old. The latest 3 months' interest is date you select when using the
not included. Savings Bond Calculator.
6
EVERYONE WOULD LIKE TO FIND REDEMPTION TABLE
UNEXPECTED MONEY DATES TO CHANGE
A
re your customers asking if your customers to cash their bonds
their savings bonds are still and reinvest the proceeds so they can
IN JUNE 2002
I
earning interest? Maybe they get their money working for them n June 2002 redemption table
didn’t receive a gift someone sent again. Information is added to this publishing dates will change. The
because the bonds had the wrong program each month, so customers change will be made because of
address and the postal service has should check the website more than the way interest accumulates on
returned them as undeliverable. once. bonds issued since May 1997. These
Maybe they have forgotten that they bonds are subject to a three-month
Because bond owners have interest penalty if they are cashed
own bonds or that they should be
successfully used “Treasury Hunt” to before they are five years old.
receiving interest on their current-
find undelivered savings bonds and
income bonds. With the penalty in place, there was a
savings bond interest, the Bureau of
There is a way your customers can Public Debt expanded it to add paper four-month period between the dates
find out about their Treasury security registered marketable security when we announced new interest
holdings. Give them a hot tip … it’s records. Last July, approximately rates (May and November of each
called “Treasury Hunt”. 10,000 accounts with matured year) and the dates when those rates
unredeemed registered securities first showed up in a bond’s
The Bureau of Public Debt’s were added to the system. These are redemption value (September and
“Treasury Hunt” website program marketable Treasury notes and bonds March of each year).
was designed to help people find out issued before August of 1986 that pay
whether they have savings bonds that The first bonds sold under these
a fixed rate of interest every six terms will reach the five-year point in
have matured (stopped earning months until the security matures.
interest), whether the Treasury is May 2002. When these bonds are no
These unredeemed marketables total longer subject to penalty, we’ll only
holding a bond in their name that the about $54 million.
postal service couldn’t deliver or an see a one-month period between the
interest payment that couldn’t be To complete a search on marketable dates of the new interest rates (May
delivered to their bank account and securities or savings bond accounts and November) and the dates these
that was returned as undeliverable. customers should provide a taxpayer rates first affect a bond’s redemption
And, as of last July, something new identification number (TIN) and other value (June and December). For this
has been added. Your customers can registration information. If there is a reason future six-month tables will be
search for information on matured potential match, on a matured dated June through November and
unredeemed registered Treasury savings bond, an undeliverable December through May.
notes and bonds. savings bond, a held interest account The redemption tables that are now in
or an unredeemed marketable effect are dated September 200l
When customers mention savings Treasury note or bond, the Bureau of
bonds or marketable security through February 2002. A transition
Public Debt staff will follow up after table good for three months will be
accounts, tell them to visit “Treasury the customer provides some
Hunt”. A search can be initiated by issued in March 2002. This will be in
information. One thing the program effect through May 2002. The new
clicking on the “Treasury Hunt” icon will not do, however, is search and
on the Savings Bond website, six-month tables will be issued in
provide information on lost bonds. June 2002.
www.savingsbonds.gov.
Public Debt will regularly add to Copies of the abbreviated redemption
Besides finding your customers’ “Treasury Hunt”. Encourage
money the goal of “Treasury Hunt” tables, PD F 3600, will be issued on
customers to visit the website the same schedule. Customers may
also is to help Public Debt find www.savingsbonds.gov often. This
owners of unclaimed bonds. Investors request copies from: Bureau of Public
site contains several other Debt, Parkersburg, WV 26106-1328.
enter their identification information applications to help bond owners
on the website, and the database is ❧
determine the value of their savings
searched. While over 99 percent of bonds, final maturity dates, interest
matured bonds have been cashed, accrual dates and yield information
those still outstanding are worth and much, much more. ❧
more than $8 billion. Your customers
can check “Treasury Hunt” to CURRENT BOND INFORMATION
identify and ultimately claim bonds Current savings bonds information can be obtained by calling the toll-free
or interest payments not received. Or, recording 1-800-4US-BOND (1-800-487-2663). The caller receives a choice
they may find that they have matured of five messages in either English or Spanish. Subjects covered are: Series I
bonds that have stopped earning rates, Series EE rates, bond maturities, a mailing address to write for
interest. If that is the case encourage information or forms, and an internet address.
7
HOW TO FIND BOND
CUSTOMERS HAVE PRICING TOOL CHOICES VALUES FOR ANNUAL
W
hat pricing tool do you www.savingsbonds.gov. On this site, TAXES
suggest to customers who your customers can find links to two
M
any bond owners report
want to calculate their electronic pricing programs, the their Savings Bond interest
savings bonds values at home? As a Savings Bond Calculator and the earnings to the Internal
financial institution, you may use our Savings Bond Wizard. While there are Revenue Service annually (accrual
BondPro software; however, it’s not many similarities between the basis) rather than deferring the
available to the general public. Calculator and the Wizard, the reporting until the bonds are cashed
Instead, point your customers to the differences will determine the best (cash basis). Now there are two ways
Bureau of the Public Debt’s website tools to meet your customer’s needs. to calculate the annual interest
earnings.
Features Online Calculator Savings Bond Wizard If your customers have access to the
Operating Systems Most Windows Only Internet, they can calculate annual
interest earnings online using the
On your computer’s Savings Bond Calculator. It’s fast and
Where program resides Online hard drive
easy to use...the perfect tool for
Current value, interest, customers who complain about
✔ ✔
final maturity date looking up earnings for a $500 bond
Series E, EE, I, and in a table that shows earnings for a
✔ ✔
Savings Notes $50 bond. The Calculator does the
Series H and HH No ✔ math for them, and it even allows
them to save their inventories for the
Current Interest Rate ✔ No next year.
Yield From Issue No ✔ To calculate annual interest earnings
Sort No ✔ in tax year 2001, simply enter
“12/2001” in the “Value as of” box,
Edit No ✔
enter the series and issue date of the
Automatic when file is Done from within the bond, then click “Add”. The value
Updating inventory retrieved program by user returned under “YTD Interest” shows
Past redemption values Back to 1996 Back to 1992 the amount of interest earned that tax
year. For complete instructions, visit
Can slow down as pages www.savingsbonds.gov and click the
Good for a lot of bonds? ✔
are generated “Savings Bond Calculator” link or go
Only your customer will know which of the two programs is right for them. directly to: www.savingsbonds.gov/
Pointing them to Public Debt’s website is definitely a good start. sav/savcalc.htm.
❧
Persons who do not have a computer
can get annual interest earnings from
form PD F 3501, “A Comparison of
Year End Values from December 31,
UPDATE YOUR BondPro BY E-MAIL 2000 to December 31, 2001”. This form
can be obtained by writing to the
(Continued from Page 2) Bureau of the Public Debt,
Thanks to you, our agents, we’re Thousands of agents still use the Parkersburg, WV, 26106-1328.
getting closer and closer to that goal. diskette method to receive the new
We continue to contact agents to redemption values every six months. ❧
change their pricing method and to Since the inception of BondPro, it was
change their method of receiving Public Debt’s goal to e-mail you
updates. updated tables, but the process was
The Bond Teller is a publication of
not ready until this year. Now, we’re The Department of the Treasury
Currently, you can receive updates by encouraging BondPro agents to make Bureau of the Public Debt
diskette, by going to the website and the conversion. You can anticipate our Washington, D.C. 20239
directly downloading them yourself call or help us out by contacting us
or by receiving an e-mail message that today! E-mail: Editor: Sheila E. Nelson
has a link to the updates (click on the bondpro@bpd.treas.gov. Phone: (304)
link and the download starts). 480-6888 Fax: (304) 480-7959.
❧
SB 2369
8