1.11: Matured Treasury Securities

Encourage redemption of outstanding, matured Treasury securities.

Other Information:

ENCOURAGE REDEMPTION OF OUTSTANDING, MATURED TREASURY SECURITIES. As of 2008, more than 39 million securities worth $16 billion had matured and had not been redeemed. Nearly all of these are U.S. Savings Bonds. While this represents a very small percentage of the total amount issued over many years, the numbers are substantial. We are committed to encouraging owners to redeem these matured securities which no longer earn interest. Our Retail Securities Services program has a locator group dedicated to finding and contacting owners of matured securities. We're updating systems and workflow to make our current services more efficient. This includes Treasury Hunt®, our online service that enables individuals to query a large and growing database to determine whether they may own any outstanding, matured Treasury securities. Owners of matured savings bonds typically have the securities in their possession, but, in some cases, they don't realize their bonds have stopped earning interest. We'll expand our education effort to spread the word about matured bonds. We'll use focus groups and other market research to help us craft more effective messages for use on our website, as well as in other communication channels more likely to reach individuals not accustomed to using the Internet. Our partnership with Federal Reserve Banks also offers opportunities to increase our outreach. We'll look for opportunities for Federal Reserve staff to provide additional locator resources and help us explore new locator tools to make our searches more efficient.

Stakeholder(s):

• Retail Securities Services Program

Indicator(s):

Indicator:1

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