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|Subject: I Savings Bonds Part 2||Date: 10/6/2000 4:22 PM|
|Author: reatta93||Number: 25338 of 74485|
Just wanted to let you all know what happened as a result of surfing the web and talking to the Federal Reserve Banks of Dallas, Kansas City and Cleveland. The application for I Bonds is accompanied by your check made out to the Federal Reserve Bank. The Feds don't know why our bank was insistent on having $50,000.00 deposited in my checking account with a 10 day check hold, just to write another check to the Feds and have to deal with their holding period.
You can buy I Bonds online but the maximum dollar amount is $500.00.
Or you can deal with the Federal Reserve by mail. Get the application(s) from a financial instituion, fill it out yourself, and send in your check (one check per application if you are sending in more than one application) to the following address:
Federal Reserve Bank of Cleveland
P.O. Box 867
Pittsburgh, Pa. 15230-0867
The toll free number to the Savings Bonds Dept. in Pittsburgh is 1-800-345-2804 if you have any questions.
If your financial institution is giving you problems like ours this is the way to go.
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