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Subject:  Re: Santa’s not bringing saving bonds for Date:  12/13/2012  10:11 PM
Author:  OrmontUS Number:  411254 of 538893

A long time ago, I was told by a small businessman whose operation generated copious amounts of cash that he made a habit of buying US savings bonds in savings banks and storing them in a bank's safe deposit box.

I am unclear how their ownership was described or whether he might have crossed state lines to do this, but presumably this was a way that he could put unreported money to work assuming that there would be no easy way to link the eventual funds upon maturity in 2-3 decades (with the original earning - especially since taxes aren't due to states upon cashing).

If he was not alone, this would account for the extreme level of documentation which is now required.

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