Savings Bonds, RIP?

by James & Miel on September 21, 2008 · 0 comments

Hello All,

Jane Bryant Quinn has a great piece on increasing federal restrictions on the sale of U.S. Savings bonds in today’s Washington Post. The article outlines the various restrictions the department of the treasury has placed on buyers of paper U.S. Savings Bonds – yours truly is one of those. Click here for the story.

For what its worth I went into the Bank of America in College Park last week to buy a savings bond – the bank informed me that the Federal government had placed additional restrictions on the procedures by which banks filed customer savings bonds orders with the federal reserve banks and that as a result the bank was only filling bond orders for account holders – it certainly looks like Quinn is correct, the feds appear to engaging in behavior consistent with getting rid of savings bonds.

Thanks,

James

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