Public Debt Aids Savings Bonds Owners in Oklahoma Affected by Tornadoes and Severe Storms: One-year Minimum Holding Period Waived
FOR IMMEDIATE RELEASE
May 22, 2013
The U.S. Department of the Treasury, Bureau of the Public Debt, announced today that it would expedite replacement of lost or destroyed paper U.S. Savings Bonds, and waive the normal one-year minimum holding period for savings bonds to assist Oklahoma tornadoes and severe storms survivors in the counties of Cleveland, Lincoln, McClain, Oklahoma, and Pottawatomie.
A TreasuryDirect account holder in one of the affected counties can send an e-mail from within their account, briefly explaining that the account holder is in a federal disaster area and needs a waiver of the savings bonds' minimum one-year holding period. Local financial institutions are permitted to redeem paper savings bonds that are less than one-year old for bond owners affected by the disaster. Many financial institutions serve as paying agents for savings bonds.
If paper bonds were lost or destroyed, bond owners can complete a form, PD F-1048, available on Public Debt’s website,www.treasurydirect.gov. Forms also can be obtained by calling the Federal Reserve Bank of Minneapolis Customer Service Department at (800) 553-2663. Bond owners should include as much information as possible about the lost bonds on the form. Claim applications should be signed and signatures should be certified as indicated in the form's instructions. Completed forms can be mailed to the Department of the Treasury, Bureau of the Public Debt, P.O. Box 7012, Parkersburg, WV 26106-7012. To help expedite the processing of claims, write the word "DISASTER" on the front of the envelope.
The counties in Oklahoma affected as of the date of this news release are Cleveland, Lincoln, McClain, Oklahoma, and Pottawatomie.
For a list of the most recent counties affected, visit FEMA’s website at www.fema.gov.