No. of Recommendations: 0
It was my (perhaps incorrect) understanding that TreasuryDirect existed for individuals to buy savings bonds as well as marketable Treasuries. In reading the Public Debt website, it appears that there is TreasuryDirect (for savings bonds) and "Electronic Services for Treasury Bills, Notes, and Bonds" (for Treasuries) -- two separate systems. Was there once one system, or were they always separate? If the former, why the change? Thanks.

--L
Print the post Back To Top
No. of Recommendations: 1
It was my (perhaps incorrect) understanding that TreasuryDirect existed for individuals to buy savings bonds as well as marketable Treasuries.

The Treasury Direct web site <http://www.treasurydirect.gov> was originally used to by Treasury bills, notes, and bonds, but not Savings Bonds. However, as soon as the Bureau of Public Debt introduced "book entry" (paperless) Series I Savings Bonds ("I-Bonds"), they started using the Treasury Direct web site for that and the service for Treasury Bills, notes and bonds were moved to the "Electronic Services for Treasury Bills, Notes, and Bonds" site <http://www.publicdebt.treas.gov/sec/secinvsr.htm>.

So, no, the same Treasury Direct web site wasn't used for both Savings Bonds and Treasury bills, notes, and bonds at the same time.

Personally, I think it would have been easier to keep Treasury Direct the way it was and just add a link to www.savingsbonds.gov to the "book entry" form of Savings Bonds.

The "book entry" (paperless) EE-Bonds were just added recently.
Print the post Back To Top