31 CFR § 315.77 - Exchanges by fiduciaries.

---
identifier: "/us/cfr/t31/s315.77"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 315.77 - Exchanges by fiduciaries."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "315.77"
section_name: "Exchanges by fiduciaries."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "315"
part_name: "REGULATIONS GOVERNING U.S. SAVINGS BONDS, SERIES A, B, C, D, E, F, G, H, J, AND K, AND U.S. SAVINGS NOTES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "31 U.S.C. 3105 and 5 U.S.C. 301."
regulatory_source: "45 FR 64091, Sept. 26, 1980, unless otherwise noted."
cfr_part: "315"
---


# 315.77 Exchanges by fiduciaries.

Fiduciaries are authorized to request an exchange of bonds of one series for those of another, pursuant to any applicable Department of the Treasury offering. A living coowner or beneficiary named on the bonds submitted in exchange may be retained in the same capacity on the new bonds.