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MAABD MAABD MAABD MAABD MAABD MAABD MAABD MAABD E-410 Division of Welfare and Supportive Services RESOURCES Medical Assistance Manual TYPES OF RESOURCES (not all inclusive) 24 Sept MTL 04/24 STOCKS AND BONDS (Cont’d)

STOCKS AND BONDS (Cont'd)

U.S. Savings Bonds are obligations of the federal government. Unlike other government bonds, they are not transferable; they can only be sold back to the federal government.

U.S. Saving Bonds cannot be redeemed for six months after the issue date specified on the face of the bond.

A municipal bond is the obligation of a state or a locality (county, city, town, village or special purpose authority such as a school district).

A corporate bond is the obligation of a private corporation.

Verification: (not all inclusive) – Newspaper reporting stock closing prices – Local securities firm – Written statement from firm's accountants – Table of redemption values for U.S. Savings Bonds – Telephone call to local bank