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]
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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:
https://www.publicdebt.treas.gov or
https://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
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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.
*
*
*
*
*
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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
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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
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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.
*
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*
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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:
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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:
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§ 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
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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
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]]>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: https://www.publicdebt.treas.gov or https://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
