The U.S. Department of the Treasury has ended over-the counter sales of paper savings bonds as of December 31, 2011. This includes sales through financial institutions and applications mailed directly to the Federal Reserve Bank by customers.
The Treasury Department expects this move to save taxpayers an estimated $70 million over the next five years.
Although paper bonds are being discontinued, electronic Series EE and Series I Savings Bonds will remain available for purchase via TreasuryDirect. This secure, web-based system, operated by the Bureau of the Public Debt, has been used by
investors since 2002.
For more information on this change, please visit www.treasurydirect.gov.
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