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Savings-Bonds-Alert: Savings Bonds operations consolidated (more)

Thursday, August 12, 2004

Savings Bonds operations consolidated (more)

On August 2, we mentioned an article from the Buffalo News talking about the consolidation of Savings Bonds operations. Today we received confirmation from a Public Affairs Officer at the Bureau of the Public Debt that the Treasury is reducing the number of savings bonds processing sites from five to two. By October 2005, the Buffalo, Richmond and Kansas City sites will be closed and all business shifted to the two remaining sites, in Pittsburgh and Minneapolis. The Treasury expects the consolidation to be transparent to the public, with material sent to closed sites automatically forwarded to one of the remaining sites.


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