the Administrator of the Federal Housing Administration, except that remittances received in cash should be forwarded in the form of money order or check.*† 312.4 Bond of indemnity required. No Federal savings and loan association or Federal credit union which may have been designated for any employment mentioned in this part shall perform, or make any effort to perform any of the acts included in such employment, or advertise in any manner that it is authorized to perform such acts (a) until it has qualified by the execution of, delivery to, and approval by, the undersigned, of a bond of indemnity in favor of the United States with satisfactory surety, or with the pledge of collateral security as provided in Part 225, conditioned upon the faithful performance of the obligor's duties as fiscal agent of the United States, such bond to be in the principal amount of $5,000, Provided, however, That the bond of indemnity furnished by an association designated solely for the employment mentioned in § 312.3, shall be in the principal amount of $1,000; and (b) until the Federal Home Loan Bank Board or the Farm Credit Administration, respectively, shall have certified to the Secretary of the Treasury that such association or credit union is in good standing and is eligible, under the terms and conditions prescribed by the Secretary of the Treasury, to qualify for the performance of the designated acts. The Federal Home Loan Bank Board and the Farm Credit Administration, respectively, shall keep the Secretary of the Treasury currently advised of any changes in the list of associations and credit unions which are eligible, under the aforesaid terms and conditions, to qualify for the performance of the designated acts.*† 312.5 Fiscal agents to serve without compensation. All of the fiscal agency employment mentioned in this part shall be performed without compensation, reimbursement for expenses, or allowance of service charges.** 312.6 Applications other than to Federal Reserve banks. Nothing contained in this part shall be construed as preventing such associations and credit unions, if they desire to assume such responsibility, from acting as agents of prospective purchasers in making applications to, and obtaining United States Savings bonds from, post offices or other designated places of issuance.*† Page 64 **For statutory and source citations, see note to § 312.1. 313.12 Officers authorized to certify 313.15 Requests for payment by inrequests for payment. (a) Postal employees. (b) Officers in charge of Vet- (c) Executive officers of banks of the United (e) Designated officers of War (g) Authorized officers in Phil. 313.13 Officer may not certify own re- mates of institutions. 313.16 Signature requirements. 313.17 Request for payment by agents. 313.18 Documents required supporting request. 313.19 Regulations applying to checks due veteran. 313.20 Transmission of bonds by own er at owner's risk. 313.21 Loss, theft, or destruction of 313.23 Loss by post offices. CROSS REFERENCES General regulations with respect to United States bonds and notes: See Part Section 313.1 Presentation required for payment to registered owner. In order for a registered owner to obtain payment of a bond, the bond must be presented at a United States post office, or transmitted to a Federal Reserve bank, or to the Treasurer of the United States, Washington, D. C., in any case with the request for payment on the back of the bond properly executed as hereinafter provided.*† 28 [As amended Dec. 30, 1936, 2 F.R. 7] *88 313.1 to 313.25, inclusive, issued under the authority contained in R.S. 161, sec. 8 (d), 50 Stat. 482, sec. 4, 49 Stat. 1101, sec. 2, 49 Stat. 1396, 49 Stat. 1982, 50 Stat. 641; 5 U.S.C. 22, 31 U.S.C., Sup., 738a, 38 U.S.C., Sup., 686c. *In §§ 313.1 to 313.25, inclusive, the numbers to the right of the decimal point correspond with the respective section numbers in Department Circular 560, Revised, Secretary of the Treasury, Oct. 24, 1936, 1 F.R. 1681. Amendments are noted in brackets following sections affected. 313.2 Forwarding to registered owner through postmasters. Postmasters throughout the country have been authorized to receive bonds presented for payment, and to forward them, at the risk and expense of the United States, to a Federal Reserve bank. If a bond is to be presented at a post office, the request for payment must be signed by the registered owner in the presence of and certified by the postmaster or other authorized post office official or employee at such office, who will receive the bond, issue a receipt therefor, and forward the bond for payment.*t [As amended Dec. 30, 1936, 2 F.R. 7] 23 Sec. 4, 49 Stat. 1101, as amended, sec. 2, 49 Stat. 1396, 49 Stat. 1982, is set out at length at the beginning of Dept. Circ. 560, revised, followed by this statement: "The following regulations are hereby prescribed to effectuate the provisions of the foregoing statute, and to govern bonds of the United States designated 'Adjusted Service bonds of 1945', issued to veterans in payment of amounts due on Adjusted Service certificates:" **For statutory and source citations, see not to § 313.1. Page 65 313.3 Payment to registered owner by Federal Reserve banks. Federal Reserve banks are designated as places for the redemption on and after January 16, 1937, of bonds, and are authorized to issue checks in payment for bonds transmitted to them in accordance with this and the next preceding section. If a bond is to be transmitted for payment to a Federal Reserve bank directly by the registered owner, or through a banking institution acting as his agent, the request for payment must be executed in the presence of and be certified by one of the officers authorized in § 313.12 (c).*† [As amended Dec. 30, 1936, 2 F.R. 7] 313.4 Payment to registered owner-(a) By Treasurer of the United States. The Treasurer of the United States is authorized to issue checks in payment of bonds transmitted to him. If a bond is to be transmitted to the Treasurer of the United States for payment, the request for payment must be signed by the registered owner in the presence of and certified by one of the officers authorized in § 313.12. (b) By Treasury of Philippine Islands. In the Philippine Islands bonds may be presented and checks will be issued at the Treasury of the Philippine Islands. If a bond is to be presented to the Treasury of the Philippine Islands for payment, the request for payment must be executed and certified in accordance with the provisions of § 313.12 (g).*† [As amended Dec. 30, 1936, 2 F.R. 7, 8] 313.5 Method of payment. Payment in all cases will be made by check drawn to the order of the registered owner, and mailed to him at the address stated in his request for payment.** 313.6 Disposition and payment in case of death or incompetence, or during minority, of owner. In cases of death or incompetence, or during the minority, of a bond owner, delivery, or payment if desired, of a bond will be made as hereinafter provided. The provisions of Part 306 will, so far as applicable, apply to all such cases, all of which should be presented directly to the Treasury Department, Division of Loans and Currency, Washington, D. C.** 313.7 Disposition and payment to legal representative of decedent. When a legal representative of the estate of a deceased bond owner has been duly appointed, delivery or payment of a bond will be made only to him. Unless satisfactory evidence of qualification of the representative is already on file with the Treasury Department, an application for delivery or a request for payment must be accompanied by a certificate (which may be a certified copy of the representative's letter of appointment) under seal of the court appointing such representative, dated not more than 6 months before the application for delivery or the request for payment is submitted, showing the appointment and qualification of such representative and stating that the appointment is still in force. When payment is desired, the request for payment on the back of the bond should be signed "Estate of A, deceased, by B, executor (administrator)", must state the address of the representative and must be signed in the presence of and certified by one of the officers authorized in § 313.12. Page 66 **For statutory and source citations, see note to § 313.1. The bond must then be transmitted to the Treasury Department, Division of Loans and Currency, Washington, D. C.** 313.8 Payment to legal guardian of incompetent or minor. When the Treasury Department has notice that a legal representative of the estate of an incompetent or minor bond owner has been duly appointed, delivery or payment of a bond will be made only to such representative. Unless satisfactory evidence of qualification of the representative is already on file with the Treasury Department, an application for delivery or a request for payment must be accompanied by a certificate (which may be a certified copy of the court order appointing such representative) under seal of the court dated not more than 1 year before the application for delivery or the request for payment is submitted, showing the appointment and qualification of such representative and stating that the appointment is still in force. When payment is desired the request for payment on the back of the bond should be signed “A, incompetent (minor), by B, guardian (conservator or committee)", must state the address of the representative, and must be signed in the presence of and certified by one of the officers authorized in § 313.12. The bond must then be transmitted to the Treasury Department, Division of Loans and Currency, Washington, D. C.*f 313.9 Payment without administration or legal guardianship. When no legal representative of the estate of a deceased, incompetent, or minor bond owner has been or is to be appointed and it is established to the satisfaction of the Secretary of the Treasury: (a) In the case of a deceased owner either that the value of the gross personal estate, including adjusted service bonds, does not exceed $2,000 or that administration of the estate is not required in the State of the decedent's domicile; or (b) in the case of an incompetent or minor bond owner that the value of the gross personal estate, including adjusted service bonds, does not exceed $2,000; delivery or payment of a bond owned by such decedent, or incompetent, or minor will be made to the person determined by the Secretary of the Treasury to be lawfully entitled thereto, except that if such person is an incompetent or a minor, payment of a bond will be made only upon a showing that such payment is necessary for the support of the incompetent or the minor or their respective dependents. All such deliveries and payments will be made in accordance with the provisions of Part 306 in so far as applicable, such provisions to be construed in a manner consistent with the provisions of the Adjusted Compensation Payment Act, 1936, as amended, and the provisions of this part. Special forms for use in such cases, Forms P. D. 1049 and 1050 in the case of a decedent, Form P. D. 1051 in the case of a minor, and Form P. D. 1052 in the case of an incompetent, have been prepared and must be completed and executed in compliance with the accompanying instructions. These forms may be obtained from the Treasury Department, Division of Loans and Currency, Washington, D. C. In all such cases instructions should be requested of that Division before an application for delivery is made or a request for payment is executed or a bond submitted.** **For statutory and source citations, see note to § 313.1. Page 67 313.10 Request for payment. Where directed by the Treasury Department, a request for payment may be executed on Form P. D. 1054.** 313.11 Method of payment. Payment in all cases will be made. by check drawn to the order of the legal representative or to the person determined by the Secretary of the Treasury to be lawfully entitled thereto and mailed to him at the address stated in his request for payment.*t 313.12 Officers authorized to certify requests for payment. The following officers are authorized to witness requests for payment and certify thereto : (a) Postal employees. Any United States postmaster, acting postmaster, inspector in charge of a post office, or other post-office employee designated by the postmaster under authority of the Postmaster General, under a legible imprint of a dating stamp of his post office; (b) Officers in charge of Veterans' facilities. The officer in charge of any home, hospital, or other facility of the Veterans' Administration, but only for patients and members of such facilities; (c) Executive officers of banks or trust companies. Any executive officer of a bank or trust company (or manager of a branch thereof) incorporated in the United States, its organized Territories or insular possessions, under the corporate seal of the bank or trust company; (d) Officials of the United States. Judges and clerks of United States courts, under the seal of the court; United States collectors of customs and internal revenue; commanding officers of the Army, Navy, Marine Corps, and Coast Guard of the United States for members of their respective establishments; officials of the Treasury Department who may be designated from time to time by the Secretary of the Treasury; (e) Designated officers of War and Navy Departments. In cases where identification of a registered owner is made through fingerprints only, officials at Washington, D. C., of the War and Navy Departments who may be designated from time to time by the Secretary of War or the Secretary of the Navy; (f) Authorized officers in foreign countries. In a foreign country: United States diplomatic and consular representatives and attachés, under their respective seals; managers and executive officers of foreign branches of banks or trust companies incorporated in the United States; if such an officer is not available, requests for payment may be signed in the presence of and certified by a notary public or other officer authorized to administer oaths, but his official character and jurisdiction must be certified by a United States diplomatic or consular officer or attaché, under the seal of his office; (g) Authorized officers in Philippine Islands. In the Philippine Islands: In addition to the officers designated elsewhere in this paragraph, Provincial and Municipal Treasurers, and City Treasurers in Manila and Baguio, under their respective seals; Philippine postmasters under the stamp of their office; and, in Manila, Post Office inspectors assigned in Manila, under the seal of the Bureau of Posts: Page 68 **For statutory and source citations, see note to § 313.1. |