Fiscal Service Aids Savings Bonds Owners in New York and New Jersey Affected by Remnants of Hurricane Ida; One-year minimum holding period waived
FOR IMMEDIATE RELEASE
September 24, 2021
WASHINGTON, D.C. -- The U.S. Department of the Treasury, Bureau of the Fiscal Service, announced 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 those affected by remnants of Hurricane Ida in the New York counties of Bronx, Kings, Nassau, Queens, Richmond, Suffolk, and Westchester and the New Jersey counties of Bergen, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Union, and Warren during the period of September 1, 2021 to September 3, 2021.
A TreasuryDirect account holder in, or evacuated from, one of the affected counties can request a waiver of the minimum one-year holding period for savings bonds by sending an e-mail from within their account, briefly explaining the circumstances. 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 downloadable form - FS Form 1048 - available on Fiscal Service′s website, www.treasurydirect.gov. 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 address shown on the form.
To help expedite the processing of claims, write the word "DISASTER" on the front of the envelope. For an updated list of areas affected, visit FEMA's website at www.fema.gov. Assistance for individuals can be found using addresses at www.disasterassistance.gov.