Regulations Governing U.S. Savings Bonds, Series A, B, C, D, E, F, G, H, J, and K, and U.S. Savings Notes; United States Retirement Plan Bonds; United States Individual Retirement Bonds; United States Savings Bonds, Series EE and HH; Definitive United States Savings Bonds, Series I; Offering of United States Savings Bonds, Series EE; United States Savings Bonds, Series HH; Offering of United States Savings Bonds, Series I, 46856-46858 [E6-13301]

Download as PDF 46856 Federal Register / Vol. 71, No. 157 / Tuesday, August 15, 2006 / Rules and Regulations Bureau of the Public Debt, Fiscal Service, Treasury. ACTION: Final rule. maintained as part of the registration of the bonds on the records of the Treasury Department. The TINs of the registered owner or first named coowner of a reissued or replaced bond will also be maintained as a part of the registration on the records of the Treasury Department. DATES: Effective: August 15, 2006. ADDRESSES: You can download this final rule at the following Internet addresses: http://www.publicdebt.treas.gov or http://www.gpoaccess.gov/ecfr. FOR FURTHER INFORMATION CONTACT: Elisha Whipkey, Director, Division of Program Administration, Office of Securities Operations, Bureau of the Public Debt, at (304) 480–6319 or elisha.whipkey@bpd.treas.gov. Susan Sharp, Attorney-Adviser, Dean Adams, Assistant Chief Counsel, Edward Gronseth, Deputy Chief Counsel, Office of the Chief Counsel, Bureau of the Public Debt, at (304) 480– 8692 or susan.sharp@bpd.treas.gov. SUPPLEMENTARY INFORMATION: Newly purchased definitive Series EE and Series I savings bonds are issued with the TIN of the owner, first-named coowner, or purchaser of a gift bond inscribed on the face of the bond. Reissued or replaced definitive Series E, Series EE, Series H, Series HH, and Series I savings bonds, Individual Retirement bonds, and Retirement Plan bonds also have the TIN inscribed on the face of the bond. Due to concerns about the privacy of bond owners, the Department of the Treasury is eliminating language requiring the inscription of the complete TIN of the owner, first-named coowner, or purchaser of a gift bond on the face of the bond. The TIN of the owner, firstnamed coowner, or purchaser of a gift bond will continue to be maintained on the records of the Treasury Department. This change will benefit savings bond owners by providing additional privacy protections against identity theft. SUMMARY: This final rule eliminates requirements to inscribe complete taxpayer identification numbers (TINs) on the face of: (1) Newly issued definitive Series EE and Series I savings bonds; (2) reissued or replaced definitive Series E, Series EE, Series H, Series HH, and Series I savings bonds; and (3) reissued or replaced Individual Retirement and Retirement Plan bonds. This change is being implemented to protect the privacy of savings bond owners. Purchasers of newly issued savings bonds will continue to be required to provide the TIN of the owner, first named coowner, or purchaser of a gift bond to be Procedural Requirements This final rule does not meet the criteria for a ‘‘significant regulatory action’’ as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. Because this final rule relates to matters of public contract and procedures for United States securities, notice and public procedure and delayed effective date requirements are inapplicable, pursuant to 5 U.S.C. 553(a)(2). As no notice of proposed rulemaking is required, the Regulatory Flexibility Act (5 U.S.C. 601 et seq.) does not apply. (c) Petitions must be filed as soon as practicable, but in no event more than 30 days after issuance of decision or finding under § 414.37. § 414.41 Administrative law judge’s recommended decision in safety approval actions. (a) The Associate Administrator, who will make the final decision on the matter at issue, will review the recommended decision of the administrative law judge. The Associate Administrator will make such final decision within 30 days of issuance of the recommended decision. (b) The authority and responsibility to review and decide rests solely with the Associate Administrator and may not be delegated. Issued in Washington, DC, on August 8, 2006. Marion C. Blakey, Administrator. [FR Doc. E6–13313 Filed 8–14–06; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF THE TREASURY Fiscal Service 31 CFR Parts 315, 341, 346, 351, 352, 353, 359, and 360 Regulations Governing U.S. Savings Bonds, Series A, B, C, D, E, F, G, H, J, and K, and U.S. Savings Notes; United States Retirement Plan Bonds; United States Individual Retirement Bonds; United States Savings Bonds, Series EE and HH; Definitive United States Savings Bonds, Series I; Offering of United States Savings Bonds, Series EE; United States Savings Bonds, Series HH; Offering of United States Savings Bonds, Series I mstockstill on PROD1PC61 with RULES AGENCY: VerDate Aug<31>2005 14:50 Aug 14, 2006 Jkt 208001 PO 00000 Frm 00010 Fmt 4700 Sfmt 4700 We ask for no new collections of information in this final rule. Therefore, the Paperwork Reduction Act (44 U.S.C. 3507) does not apply. List of Subjects 31 CFR Part 315 Banks and banking, Government securities, Federal Reserve system. 31 CFR Part 341 Bonds, Retirement. 31 CFR Part 346 Bonds, Retirement. 31 CFR Part 351 Bonds, Federal Reserve system, Government securities. 31 CFR Part 352 Bonds, Government securities. 31 CFR Part 353 Banks and banking, Government securities, Federal Reserve system. 31 CFR Part 359 Bonds, Federal Reserve system, Government securities, Securities. 31 CFR Part 360 Bonds, Federal Reserve system, Government securities, Securities. I Accordingly, for the reasons set out in the preamble, 31 CFR Chapter II, Subchapter B, is amended as follows: PART 315—REGULATIONS GOVERNING U.S. SAVINGS BONDS, SERIES A, B, C, D, E, F, G, H, J, AND K, AND U.S. SAVINGS NOTES 1. The authority citation for Part 315 continues to read as follows: I Authority: 31 U.S.C. 3105 and 5 U.S.C. 301. 2. Section 315.2 is amended by redesignating paragraphs (g) through (l) as paragraphs (h) through (m), redesignating paragraphs (m) through (q) as paragraphs (o) through (s), and adding new paragraphs (g) and (n) to read as follows: I § 315.2 Definitions. * * * * * (g) Inscription means the information that is printed on the face of the bond. * * * * * (n) Registration means that the names of all persons named on the bond and the taxpayer identification number (TIN) of the owner, first-named coowner, or purchaser of a gift bond are maintained on our records. * * * * * E:\FR\FM\15AUR1.SGM 15AUR1 Federal Register / Vol. 71, No. 157 / Tuesday, August 15, 2006 / Rules and Regulations 3. Section 315.7 is amended by revising the last sentence of paragraph (a) to read as follows: savings bond’’ and ‘‘Registration of a definitive Series EE savings bond’’, to read as follows: § 315.7 § 351.3 What special terms do I need to know to understand this part? I Authorized forms of registration. (a) General. * * * A savings bond registered in a form not substantially in agreement with one of the forms authorized by this subpart is not considered validly issued. * * * * * PART 341—REGULATIONS GOVERNING UNITED STATES RETIREMENT PLAN BONDS 4. The authority citation for Part 341 is revised to read as follows: I Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3106 et seq., 3125, 3126. 5. Section 341.2 is amended by revising the first sentence of paragraph (b) to read as follows: I § 341.2 Registration. * * * * * (b) Inscription. The inscription on the face of each bond will show the name, address, and date of birth of the registered owner, as well as information as to whether he is a self-employed individual or an employee, and the amount he contributed (if any) out of his own funds toward the purchase price of the bond. * * * * * * * Inscription means the information that is printed on the face of the bond. * * * * * Registration means that the names of all persons named on the bond and the taxpayer identification number (TIN) of the owner, first-named coowner, or purchaser of a gift bond are maintained on our records. * * * * * I 10. Revise § 351.43 to read as follows: § 351.43 Are taxpayer identification numbers (TINs) required for the registration of a definitive Series EE savings bond? The registration of a definitive Series EE savings bond must include the TIN of the owner or first-named coowner. The TIN of the second-named coowner or beneficiary is not required but its inclusion is desirable. If the bond is being purchased as a gift or award and the owner’s TIN is not known, the TIN of the purchaser must be included in the registration of the bond. PART 352–OFFERING OF UNITED STATES SAVINGS BONDS, SERIES HH 11. The authority citation for Part 352 is revised to read as follows: I PART 346—REGULATIONS GOVERNING UNITED STATES INDIVIDUAL RETIREMENT BONDS Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105. 6. The authority citation for Part 346 is revised to read as follows: I 12. Section 352.3 is amended by revising the first sentence of paragraph (c) to read as follows: I Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3106 et seq., 3125, 3126. 7. Section 346.2 is amended by revising paragraph (b) to read as follows: I § 346.2 * Registration. * * * * * (b) Inscription. The inscription on the face of each bond will show the name, address, and date of birth of the registered owner. The name of the beneficiary, if one is to be designated, will also be shown in the inscription. § 352.3 Registration and issue. * * * * * (c) Taxpayer identifying number. The registration of a bond must include the taxpayer identifying number of the owner or first-named co-owner. * * * PART 353—REGULATIONS GOVERNING UNITED STATES SAVINGS BONDS, SERIES EE AND HH 13. The authority citation for Part 353 continues to read as follows: I PART 351—OFFERING OF UNITED STATES SAVINGS BONDS, SERIES EE Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105, 3125. 8. The authority citation for Part 351 continues to read as follows: I mstockstill on PROD1PC61 with RULES I Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105. 9. Section 351.3 is amended by adding the definitions of ‘‘Inscription’’ and ‘‘Registration’’, in alphabetical order, and removing the definitions of ‘‘Registration of a book-entry Series EE I VerDate Aug<31>2005 14:50 Aug 14, 2006 Jkt 208001 14. Section 353.2 is amended by redesignating paragraphs (d) through (h) as paragraphs (e) through (i), redesignating paragraphs (i) through (m) as paragraphs (k) through (o), and adding new paragraphs (d) and (j) to read as follows: § 353.2 * PO 00000 * Definitions. * Frm 00011 * Fmt 4700 * Sfmt 4700 46857 (d) Inscription means the information that is printed on the face of the bond. * * * * * (j) Registration means that the names of all persons named on the bond and the taxpayer identification number (TIN) of the owner, first-named coowner, or purchaser of a gift bond are maintained on our records. * * * * * 15. Section 353.5 is amended by revising the heading and the second sentence of paragraph (c) to read as follows: I § 353.5 General rules. * * * * * (c) Registration of bonds purchased as gifts. * * * Bonds so registered will not be associated with the purchaser’s own holdings. * * * * * 16. Section 353.7 is amended by revising the last sentence of the introductory paragraph to read as follows: I § 353.7 Authorized forms of registration. * * * A savings bond registered in a form not substantially in agreement with one of the forms authorized by this subpart is not considered validly issued. * * * * * PART 359—OFFERING OF UNITED STATES SAVINGS BONDS, SERIES I 17. The authority citation for Part 359 continues to read as follows: I Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105. 18. Section 359.3 is amended by adding the definitions of ‘‘Inscription’’ and ‘‘Registration’’ in alphabetical order, and removing the definitions of ‘‘Registration of a book-entry Series EE savings bond’’ and ‘‘Registration of a definitive Series EE savings bond’’, to read as follows: I § 359.3 What special terms do I need to know to understand this part? * * * * * Inscription means the information that is printed on the face of the bond. * * * * * Registration means that the names of all persons named on the bond and the taxpayer identification number (TIN) of the owner, first-named coowner, or purchaser of a gift bond are maintained on our records. * * * * * I 19. Revise § 359.28 to read as follows: E:\FR\FM\15AUR1.SGM 15AUR1 46858 Federal Register / Vol. 71, No. 157 / Tuesday, August 15, 2006 / Rules and Regulations § 359.28 Are taxpayer identification numbers (TINs) required for the registration of definitive Series I savings bonds? DEPARTMENT OF HOMELAND SECURITY DEPARTMENT OF HOMELAND SECURITY The registration of a definitive Series I savings bond must include the TIN of the owner or first-named coowner. If the bond is being purchased as a gift or award and the owner’s TIN is not known, the TIN of the purchaser must be included in the registration of the bond. Coast Guard Coast Guard 33 CFR Part 100 33 CFR Part 165 PART 360—REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS BONDS, SERIES I ACTION: 20. The authority citation for Part 360 continues to read as follows: Authority: 5 U.S.C. 301; 31 U.S.C. 3105 and 3125. 21. Section 360.2 is amended by redesignating paragraphs (d) through (h) as paragraphs (e) through (i), redesignating paragraphs (i) through (m) as paragraphs (k) through (o), and adding new paragraphs (d) and (j) to read as follows: I * * * * (d) Inscription means the information that is printed on the face of the bond. * * * * * (j) Registration means that the names of all persons named on the bond and the taxpayer identification number (TIN) of the owner, first-named coowner, or purchaser of a gift bond are maintained on our records. * * * * * I 22. Section 360.5 is amended by revising the heading and the second sentence of paragraph (c) to read as follows: General rules. * * * * * (c) Registration of bonds purchased as gifts. * * * Bonds so registered will not be associated with the purchaser’s own holdings. * * * * * I 23. Section 360.6 is amended by revising the last sentence of the introductory paragraph to read as follows: mstockstill on PROD1PC61 with RULES § 360.6 Coast Guard, DHS. Authorized forms of registration. SUMMARY: This document puts into effect the permanent regulations for the annual Taste of Italy Fireworks in Norwich, CT. The regulation is necessary to control vessel traffic within the immediate vicinity of the event due to the hazards presented by a fireworks display to the maritime community, thus providing for the safety of life and property on the affected waters. This regulation is effective from 8 p.m. on September 9, 2006 to 10:45 p.m. on September 10, 2006. John Mauro, Chief Waterways Management Branch, First Coast Guard District, (617) 223–8355. FOR FURTHER INFORMATION CONTACT: This document implements the permanent special local regulation governing the Taste of Italy Fireworks, Norwich, CT. 33 CFR 100.114(a)(9.5). A portion of the waters off of Norwich Harbor, Norwich, CT will be closed during the effective period to all vessel traffic, except the fireworks barge and local, state or Coast Guard patrol craft. The regulated area is that area of Norwalk Harbor in a 600foot radius of the fireworks barge located at approximate position 41°31.706′ N., 072°04.718′ W. All coordinates are North American Datum 1983. Additional public notification will be made via the First Coast Guard District Local Notice to Mariners and marine safety broadcasts. The full text of this regulation is found in 33 CFR 100.114. SUPPLEMENTARY INFORMATION: * * * A savings bond registered in a form not substantially in agreement with one of the forms authorized by this subpart is not considered validly issued. * * * * * Dated: July 18, 2006. Timothy S. Sullivan, Rear Admiral, U.S. Coast Guard, Commander, First Coast Guard District. [FR Doc. E6–13311 Filed 8–14–06; 8:45 am] Dated: August 8, 2006. Donald V. Hammond, Fiscal Assistant Secretary. [FR Doc. E6–13301 Filed 8–14–06; 8:45 am] BILLING CODE 4910–15–P BILLING CODE 4810–39–P VerDate Aug<31>2005 14:50 Aug 14, 2006 Jkt 208001 PO 00000 Frm 00012 Fmt 4700 Sfmt 4700 Safety Zone; Celebrate Revere Fireworks, Broad Sound, Revere, MA Coast Guard, DHS. Temporary final rule. AGENCY: Notice of implementation. DATES: Definitions. * § 360.5 RIN 1625–AA00 Special Local Regulation: Taste of Italy Fireworks, Norwich, CT AGENCY: I § 360.2 [CGD01–06–095] [CGD01–06–097] ACTION: SUMMARY: The Coast Guard is establishing a temporary safety zone for the ‘‘Celebrate Revere’’ Fireworks display on August 19, 2006 in Revere, Massachusetts, temporarily closing all waters of Broad Sound within a four hundred (400) yard radius of the fireworks launch site located at approximate position 42° 24.00′ N, 070° 59.00′ W. This zone is necessary to protect the maritime public from the potential hazards associated with a fireworks display. The safety zone temporarily prohibits entry into or movement within this portion of Broad Sound during its closure period, unless authorized by the Captain of the Port, Boston, MA. DATES: This rule is effective from 8:30 p.m. EDT until 10 p.m. EDT on August 19, 2006. ADDRESSES: Documents indicated in this preamble as being available in the docket are part of docket CGD01–06– 095 and are available for inspection or copying at Sector Boston, 427 Commercial Street, Boston, MA, between 8 a.m. and 3 p.m., Monday through Friday, except Federal holidays. FOR FURTHER INFORMATION CONTACT: Chief Petty Officer Paul English, Sector Boston, Waterways Management Division, at (617) 223–5456. SUPPLEMENTARY INFORMATION: Regulatory Information We did not publish a notice of proposed rulemaking (NPRM) for this regulation. Under 5 U.S.C. 553(b)(B), the Coast Guard finds that good cause exists for not publishing an NPRM. A notice of proposed rulemaking (NPRM) was not published for this regulation because the logistics with respect to the fireworks presentation were not determined with sufficient time to draft and publish an NPRM. Any delay encountered in this regulation’s effective date would be contrary to the public interest since the safety zone is needed to prevent traffic from transiting a portion of Broad Sound during the E:\FR\FM\15AUR1.SGM 15AUR1

Agencies

[Federal Register Volume 71, Number 157 (Tuesday, August 15, 2006)]
[Rules and Regulations]
[Pages 46856-46858]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-13301]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Fiscal Service

31 CFR Parts 315, 341, 346, 351, 352, 353, 359, and 360


Regulations Governing U.S. Savings Bonds, Series A, B, C, D, E, 
F, G, H, J, and K, and U.S. Savings Notes; United States Retirement 
Plan Bonds; United States Individual Retirement Bonds; United States 
Savings Bonds, Series EE and HH; Definitive United States Savings 
Bonds, Series I; Offering of United States Savings Bonds, Series EE; 
United States Savings Bonds, Series HH; Offering of United States 
Savings Bonds, Series I

AGENCY: Bureau of the Public Debt, Fiscal Service, Treasury.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: This final rule eliminates requirements to inscribe complete 
taxpayer identification numbers (TINs) on the face of: (1) Newly issued 
definitive Series EE and Series I savings bonds; (2) reissued or 
replaced definitive Series E, Series EE, Series H, Series HH, and 
Series I savings bonds; and (3) reissued or replaced Individual 
Retirement and Retirement Plan bonds. This change is being implemented 
to protect the privacy of savings bond owners. Purchasers of newly 
issued savings bonds will continue to be required to provide the TIN of 
the owner, first named coowner, or purchaser of a gift bond to be 
maintained as part of the registration of the bonds on the records of 
the Treasury Department. The TINs of the registered owner or first 
named coowner of a reissued or replaced bond will also be maintained as 
a part of the registration on the records of the Treasury Department.

DATES: Effective: August 15, 2006.

ADDRESSES: You can download this final rule at the following Internet 
addresses: http://www.publicdebt.treas.gov or http://www.gpoaccess.gov/
ecfr.

FOR FURTHER INFORMATION CONTACT: Elisha Whipkey, Director, Division of 
Program Administration, Office of Securities Operations, Bureau of the 
Public Debt, at (304) 480-6319 or elisha.whipkey@bpd.treas.gov.
    Susan Sharp, Attorney-Adviser, Dean Adams, Assistant Chief Counsel, 
Edward Gronseth, Deputy Chief Counsel, Office of the Chief Counsel, 
Bureau of the Public Debt, at (304) 480-8692 or 
susan.sharp@bpd.treas.gov.

SUPPLEMENTARY INFORMATION: Newly purchased definitive Series EE and 
Series I savings bonds are issued with the TIN of the owner, first-
named coowner, or purchaser of a gift bond inscribed on the face of the 
bond. Reissued or replaced definitive Series E, Series EE, Series H, 
Series HH, and Series I savings bonds, Individual Retirement bonds, and 
Retirement Plan bonds also have the TIN inscribed on the face of the 
bond. Due to concerns about the privacy of bond owners, the Department 
of the Treasury is eliminating language requiring the inscription of 
the complete TIN of the owner, first-named coowner, or purchaser of a 
gift bond on the face of the bond. The TIN of the owner, first-named 
coowner, or purchaser of a gift bond will continue to be maintained on 
the records of the Treasury Department. This change will benefit 
savings bond owners by providing additional privacy protections against 
identity theft.

Procedural Requirements

    This final rule does not meet the criteria for a ``significant 
regulatory action'' as defined in Executive Order 12866. Therefore, a 
regulatory assessment is not required.
    Because this final rule relates to matters of public contract and 
procedures for United States securities, notice and public procedure 
and delayed effective date requirements are inapplicable, pursuant to 5 
U.S.C. 553(a)(2).
    As no notice of proposed rulemaking is required, the Regulatory 
Flexibility Act (5 U.S.C. 601 et seq.) does not apply.
    We ask for no new collections of information in this final rule. 
Therefore, the Paperwork Reduction Act (44 U.S.C. 3507) does not apply.

List of Subjects

31 CFR Part 315

    Banks and banking, Government securities, Federal Reserve system.

31 CFR Part 341

    Bonds, Retirement.

31 CFR Part 346

    Bonds, Retirement.

31 CFR Part 351

    Bonds, Federal Reserve system, Government securities.

31 CFR Part 352

    Bonds, Government securities.

31 CFR Part 353

    Banks and banking, Government securities, Federal Reserve system.

31 CFR Part 359

    Bonds, Federal Reserve system, Government securities, Securities.

31 CFR Part 360

    Bonds, Federal Reserve system, Government securities, Securities.

0
Accordingly, for the reasons set out in the preamble, 31 CFR Chapter 
II, Subchapter B, is amended as follows:

PART 315--REGULATIONS GOVERNING U.S. SAVINGS BONDS, SERIES A, B, C, 
D, E, F, G, H, J, AND K, AND U.S. SAVINGS NOTES

0
1. The authority citation for Part 315 continues to read as follows:

    Authority: 31 U.S.C. 3105 and 5 U.S.C. 301.


0
2. Section 315.2 is amended by redesignating paragraphs (g) through (l) 
as paragraphs (h) through (m), redesignating paragraphs (m) through (q) 
as paragraphs (o) through (s), and adding new paragraphs (g) and (n) to 
read as follows:


Sec.  315.2  Definitions.

* * * * *
    (g) Inscription means the information that is printed on the face 
of the bond.
* * * * *
    (n) Registration means that the names of all persons named on the 
bond and the taxpayer identification number (TIN) of the owner, first-
named coowner, or purchaser of a gift bond are maintained on our 
records.
* * * * *

[[Page 46857]]


0
3. Section 315.7 is amended by revising the last sentence of paragraph 
(a) to read as follows:


Sec.  315.7  Authorized forms of registration.

    (a) General. * * * A savings bond registered in a form not 
substantially in agreement with one of the forms authorized by this 
subpart is not considered validly issued.
* * * * *

PART 341--REGULATIONS GOVERNING UNITED STATES RETIREMENT PLAN BONDS

0
4. The authority citation for Part 341 is revised to read as follows:

    Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3106 et seq., 
3125, 3126.


0
5. Section 341.2 is amended by revising the first sentence of paragraph 
(b) to read as follows:


Sec.  341.2  Registration.

* * * * *
    (b) Inscription. The inscription on the face of each bond will show 
the name, address, and date of birth of the registered owner, as well 
as information as to whether he is a self-employed individual or an 
employee, and the amount he contributed (if any) out of his own funds 
toward the purchase price of the bond. * * *

PART 346--REGULATIONS GOVERNING UNITED STATES INDIVIDUAL RETIREMENT 
BONDS

0
6. The authority citation for Part 346 is revised to read as follows:

    Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3106 et seq., 
3125, 3126.


0
7. Section 346.2 is amended by revising paragraph (b) to read as 
follows:


Sec.  346.2  Registration.

* * * * *
    (b) Inscription. The inscription on the face of each bond will show 
the name, address, and date of birth of the registered owner. The name 
of the beneficiary, if one is to be designated, will also be shown in 
the inscription.

PART 351--OFFERING OF UNITED STATES SAVINGS BONDS, SERIES EE

0
8. The authority citation for Part 351 continues to read as follows:

    Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.


0
9. Section 351.3 is amended by adding the definitions of 
``Inscription'' and ``Registration'', in alphabetical order, and 
removing the definitions of ``Registration of a book-entry Series EE 
savings bond'' and ``Registration of a definitive Series EE savings 
bond'', to read as follows:


Sec.  351.3  What special terms do I need to know to understand this 
part?

* * * * *
    Inscription means the information that is printed on the face of 
the bond.
* * * * *
    Registration means that the names of all persons named on the bond 
and the taxpayer identification number (TIN) of the owner, first-named 
coowner, or purchaser of a gift bond are maintained on our records.
* * * * *

0
10. Revise Sec.  351.43 to read as follows:


Sec.  351.43  Are taxpayer identification numbers (TINs) required for 
the registration of a definitive Series EE savings bond?

    The registration of a definitive Series EE savings bond must 
include the TIN of the owner or first-named coowner. The TIN of the 
second-named coowner or beneficiary is not required but its inclusion 
is desirable. If the bond is being purchased as a gift or award and the 
owner's TIN is not known, the TIN of the purchaser must be included in 
the registration of the bond.

PART 352-OFFERING OF UNITED STATES SAVINGS BONDS, SERIES HH

0
11. The authority citation for Part 352 is revised to read as follows:

    Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.


0
12. Section 352.3 is amended by revising the first sentence of 
paragraph (c) to read as follows:


Sec.  352.3  Registration and issue.

* * * * *
    (c) Taxpayer identifying number. The registration of a bond must 
include the taxpayer identifying number of the owner or first-named co-
owner. * * *

PART 353--REGULATIONS GOVERNING UNITED STATES SAVINGS BONDS, SERIES 
EE AND HH

0
13. The authority citation for Part 353 continues to read as follows:

    Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105, 3125.


0
14. Section 353.2 is amended by redesignating paragraphs (d) through 
(h) as paragraphs (e) through (i), redesignating paragraphs (i) through 
(m) as paragraphs (k) through (o), and adding new paragraphs (d) and 
(j) to read as follows:


Sec.  353.2  Definitions.

* * * * *
    (d) Inscription means the information that is printed on the face 
of the bond.
* * * * *
    (j) Registration means that the names of all persons named on the 
bond and the taxpayer identification number (TIN) of the owner, first-
named coowner, or purchaser of a gift bond are maintained on our 
records.
* * * * *

0
15. Section 353.5 is amended by revising the heading and the second 
sentence of paragraph (c) to read as follows:


Sec.  353.5  General rules.

* * * * *
    (c) Registration of bonds purchased as gifts.
    * * * Bonds so registered will not be associated with the 
purchaser's own holdings.
* * * * *

0
16. Section 353.7 is amended by revising the last sentence of the 
introductory paragraph to read as follows:


Sec.  353.7  Authorized forms of registration.

    * * * A savings bond registered in a form not substantially in 
agreement with one of the forms authorized by this subpart is not 
considered validly issued.
* * * * *

PART 359--OFFERING OF UNITED STATES SAVINGS BONDS, SERIES I

0
17. The authority citation for Part 359 continues to read as follows:

    Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.


0
18. Section 359.3 is amended by adding the definitions of 
``Inscription'' and ``Registration'' in alphabetical order, and 
removing the definitions of ``Registration of a book-entry Series EE 
savings bond'' and ``Registration of a definitive Series EE savings 
bond'', to read as follows:


Sec.  359.3  What special terms do I need to know to understand this 
part?

* * * * *
    Inscription means the information that is printed on the face of 
the bond.
* * * * *
    Registration means that the names of all persons named on the bond 
and the taxpayer identification number (TIN) of the owner, first-named 
coowner, or purchaser of a gift bond are maintained on our records.
* * * * *

0
19. Revise Sec.  359.28 to read as follows:

[[Page 46858]]

Sec.  359.28  Are taxpayer identification numbers (TINs) required for 
the registration of definitive Series I savings bonds?

    The registration of a definitive Series I savings bond must include 
the TIN of the owner or first-named coowner. If the bond is being 
purchased as a gift or award and the owner's TIN is not known, the TIN 
of the purchaser must be included in the registration of the bond.

PART 360--REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS 
BONDS, SERIES I

0
20. The authority citation for Part 360 continues to read as follows:

    Authority: 5 U.S.C. 301; 31 U.S.C. 3105 and 3125.


0
21. Section 360.2 is amended by redesignating paragraphs (d) through 
(h) as paragraphs (e) through (i), redesignating paragraphs (i) through 
(m) as paragraphs (k) through (o), and adding new paragraphs (d) and 
(j) to read as follows:


Sec.  360.2  Definitions.

* * * * *
    (d) Inscription means the information that is printed on the face 
of the bond.
* * * * *
    (j) Registration means that the names of all persons named on the 
bond and the taxpayer identification number (TIN) of the owner, first-
named coowner, or purchaser of a gift bond are maintained on our 
records.
* * * * *

0
22. Section 360.5 is amended by revising the heading and the second 
sentence of paragraph (c) to read as follows:


Sec.  360.5  General rules.

* * * * *
    (c) Registration of bonds purchased as gifts. * * * Bonds so 
registered will not be associated with the purchaser's own holdings.
* * * * *

0
23. Section 360.6 is amended by revising the last sentence of the 
introductory paragraph to read as follows:


Sec.  360.6  Authorized forms of registration.

    * * * A savings bond registered in a form not substantially in 
agreement with one of the forms authorized by this subpart is not 
considered validly issued.
* * * * *

    Dated: August 8, 2006.
Donald V. Hammond,
Fiscal Assistant Secretary.
 [FR Doc. E6-13301 Filed 8-14-06; 8:45 am]
BILLING CODE 4810-39-P