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Fiscal Service Aids Savings Bonds Owners in Puerto Rico Affected by Hurricane Maria; One-year minimum holding period waived

FOR IMMEDIATE RELEASE

October 3, 2017

WASHINGTON -- 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 survivors of Hurricane Maria in the following municipio of Puerto Rico: Adjuntas, Aguada, Aguadilla, Aguas Buenas, Aibonito, Anasco, Arecibo, Arroyo, Barceloneta, Barranquitas, Bayamon, Cabo Rojo, Caguas, Camuy, Canovanas, Carolina, Catano, Cayey, Ceiba, Ciales, Cidra, Coamo, Comerio, Corozal, Culebra, Dorado, Fajardo, Florida, Guanica, Guayama, Guayanilla, Guaynabo, Gurabo, Hatillo, Hormigueros, Humacao, Isabela, Jayuya, Juana Diaz, Juncos, Lajas, Lares, Las Marias, Las Piedras, Loiza, Luquillo, Manati, Maricao, Maunabo, Mayaguez, Moca, Naguabo, Naranjito, Orocovis, Patillas, Penuelas, Ponce, Quebradillas, Rincon, Rio Grande, Sabana Grande, Salinas, San German, San Juan, San Lorenzo, San Sebastian, Santa Isabel, Toa Alta, Toa Baja, Trujillo Alto, Utuado, Vega Alta, Vega Baja, Vieques, Villalba, Yabucoa, and Yauco during the period of September 17, 2017.

A TreasuryDirect account holder in, or evacuated from, one of the affected Puerto Rico municipio 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. Forms also can be obtained by calling the Federal Reserve Bank of Minneapolis Customer Service Department at (844) 284-2676. 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:

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.