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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 143 • Use the Savings Bond Calculator or the Comprehensive Savings Bond Value Table on the U.S. Bureau of Public Debt’s Internet web site at https://www.treasurydirect.gov/indiv/tools/tools_saving sbondcalc.htm • Use a current copy of the Table of Redemption Values for U.S. Savings Bonds; or • Obtain the value by telephone from a local bank. The bank will need the series, denomination, date of purchase and/or issue date. 68.2.3.2. Series H And HH Bonds Series H and HH bonds are issued only as paper bonds, not as electronic bonds. They are issued at their face value and do not increase in value. Instead, they pay interest to the owner each six months which is unearned income. After the 6-month retention period, the redemption value of a series H or HH bond is its face value. Do not verify the value of an H or HH bond using the procedures above. 68.3. Electronic Savings Bonds 68.3.1. Ownership 68.3.1.1. Single Owner Bond The individual named on the Treasury Department’s record for that electronic savings bond is the owner. A record of bond ownership is maintained under an account number issued by the Treasury to that individual. 68.3.1.2. “With” Bonds A “with” bond is a bond whose titling lists one person in addition to the owner. The bond owner may grant transaction authority that will allow the “with” person to cash the bond. However, even with transaction authority the “with” person is not considered an owner of the bond. The owner can grant transaction authority at the time the bond is purchased, or later. The owner can also remove the “with” person from the bond at any time without that person’s permission.

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Page 154

Official source

DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 143 • Use the Savings Bond Calculator or the Comprehensive Savings Bond Value Table on the U.S. Bureau of Public Debt’s Internet web site at https://www.treasurydirect.gov/indiv/tools/tools_saving sbondcalc.htm • Use a current copy of the Table of Redemption Values for U.S. Savings Bonds; or • Obtain the value by telephone from a local bank. The bank will need the series, denomination, date of purchase and/or issue date. 68.2.3.2. Series H And HH Bonds Series H and HH bonds are issued only as paper bonds, not as electronic bonds. They are issued at their face value and do not increase in value. Instead, they pay interest to the owner each six months which is unearned income. After the 6-month retention period, the redemption value of a series H or HH bond is its face value. Do not verify the value of an H or HH bond using the procedures above. 68.3. Electronic Savings Bonds 68.3.1. Ownership 68.3.1.1. Single Owner Bond The individual named on the Treasury Department’s record for that electronic savings bond is the owner. A record of bond ownership is maintained under an account number issued by the Treasury to that individual. 68.3.1.2. “With” Bonds A “with” bond is a bond whose titling lists one person in addition to the owner. The bond owner may grant transaction authority that will allow the “with” person to cash the bond. However, even with transaction authority the “with” person is not considered an owner of the bond. The owner can grant transaction authority at the time the bond is purchased, or later. The owner can also remove the “with” person from the bond at any time without that person’s permission.