31 CFR § 360.48 - Restrictions on reissue; denominational exchange.

---
identifier: "/us/cfr/t31/s360.48"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 360.48 - Restrictions on reissue; denominational exchange."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "360.48"
section_name: "Restrictions on reissue; denominational exchange."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "360"
part_name: "REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS BONDS, SERIES I"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 31 U.S.C. 3105 and 3125."
regulatory_source: "63 FR 38049, July 14, 1998, unless otherwise noted."
cfr_part: "360"
---


# 360.48 Restrictions on reissue; denominational exchange.

(a) *Elimination of definitive Series I bonds.* After February 14, 2014, the Department of the Treasury will no longer reissue Series I bonds in definitive (paper) form. After that date, a request for reissue of a Series I bond for any reason will only be processed under one of the following conditions:

(1) If the new owner requests payment in the same transaction; or

(2) If the new owner provides instructions to reissue in the form of a book-entry bond in a TreasuryDirect® account. This option is available for persons who are eligible to open a TreasuryDirect® account under the regulations in 31 CFR part 363.

(b) *Denominational exchange.* Reissue is not permitted solely to change denominations.

[79 FR 8860, Feb. 14, 2014]