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F e d e r a l R e s e r v e B a n k O F DALLAS W IL L IA M H. W ALLACE DALLAS. TEXAS 7 5 2 2 2 FIRST VICE PRESIDENT AND CHIEF OPERATING OFFICER October 17, 1988 Circular 88-69 TO: The Chief Operating Officer of all financial institutions in the Eleventh Federal Reserve District SUBJECT Changes applicable to processing paid U.S. Savings Bonds DETAILS The U.S. Treasury Department has announced its EZ Clear program which is an optional processing of savings bonds through the Federal Reserve's check processing operations. In addition, changes to the redemption fee rates used to reimburse paying agents and regulatory changes allowing paying agents to redeem savings bonds presented by the registered beneficiary have been announced. Also enclosed are a formal "Statement, Payment of Fees to Savings Bond Paying Agents;" and a revised "Identification Guide for Cashing United States Savings Bonds." ATTACHMENTS Detailed information on the EZ Clear program and the handling of savings bonds as announced by the U.S. Treasury Department is attached. MORE INFORMATION For further information, please contact Robert L. Whitman (Check Processing) (214) 698-4357 at the Head Office; Tyrone Gholson (Fiscal Agency) (214) 651-6263 at the Head Office; Robert W. Schultz (915) 544-4730 at the El Paso Branch; Luke E. Richards (713) 659-4433 at the Houston Branch; or John A. Bullock (512) 224-2141 at the San Antonio Branch. Sincerely yours, For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) STATEMENT TO AUTHORIZED PAYING AGENTS OF U.S. SAVINGS BONDS EZ CLEAR For some months, the Bureau of the Public Debt has been testing an initiative designed to permit the processing of redeemed savings bonds through normal check collection channels. The results have proved extremely satisfactory from the points of view of all concerned. This new Program feature is designed to eliminate much of the "exception processing" involved in the 40 year old system currently in place and is now being made available to paying agents nationwide. The new system, called EZ CLEAR (pilot participants know it as the High Speed Savings Bond Program), has been in development since November 1986. Institutions participating in tests have found that it not only minimizes the work involved in handling paid bonds and speeds up reimbursements, but also serves to streamline their internal accounting processes. The need to prepare and submit special batches is eliminated, and check rules permit items to be submitted to correspondents or Federal Reserve Offices (including Regional Check Processing Centers) either in mixed or separately sorted cash letters. Although "window" procedures for redeeming bonds remain the same, the bonds themselves have been redesigned to make them look and function more like checks, e.g., MICR routing numbers, space for MICR paid amounts, and revised endorsement areas similar to U.S. Treasury checks. Authorized financial institutions are invited and encouraged to use the EZ CLEAR system. To participate in the program, you should contact your servicing Federal Reserve check processing office for complete details. Some basic rules for using the system are as follows: All Series A-D, E, and EE Savings Bonds and Savings Notes redeemed for cash or in exchange for Series HH bonds may be deposited in either a separately sorted (fine sort) or mixed (commingled with commercial checks) cash letter at your local Federal Reserve Check Processing Office. If you choose to deposit bonds in a separately sorted cash letter: 1. 2. 3. 4. Redemption values must be MICR encoded in the amount field. No cash letter or per item fee will be charged for a separately sorted cash letter deposit. Financial institutions will receive a PAID BOND redemption fee for all savings bonds (redemptions and exchanges) deposited in the cash letter. Redemption fees will be paid monthly by means of an Automated Clearing House (ACH) credit to the financial institution whose Routing Transit Number appears on the cash letter. If you choose to deposit savings bonds in a mixed cash letter: 1. 2. 3. The redemption value of the bond must be MICR encoded in the amount field, and the unique savings bond Routing Transit Number (0000-0009-7) must be encoded in the Routing Transit Field on those bonds which do not include this R/T number as part of the design. No redemption fee will be paid for those savings bonds deposited in a mixed cash letter. The appropriate local per item check processing fee will be charged for savings bonds deposited in a mixed cash letter. Agents electing to present redeemed bonds through correspondent financial institutions should make necessary arrangements with such institutions. PAID BOND redemption fees, as indicated above, will be paid to the correspondent institutions. Care should be taken to avoid obliterating any data in surrounding MICR fields or elsewhere on the face of the security. Any MICR coding other than the paid amount and/or the savings bond routing number must be placed in the "Auxiliary On-Us" field. Please note that, as in the past, paid bonds must be canceled by imprinting an authorized payment stamp on the face of each security. Agents electing not to participate in the new program may continue to process redeemed bonds through the Fiscal Agency Department of their local Federal Reserve Banks. Redemption fees for these items will continue to be paid quarterly. The new system promises to streamline the way paid bonds are handled, reduce agents1 processing costs, and accelerate reimbursements and fee payments from Treasury. If you are interested in participating, please contact your servicing Federal Reserve check processing office to obtain an EZ CLEAR brochure and enrollment form. The enrollment form must be completed and returned to your local Federal Reserve check office two weeks prior to your start-up date. REDEMPTION FEE RATE STRUCTURE Effective October 1, the redemption fee rate structure will change. summarized below: Savings Bonds Submitted Through Fiscal Departments The changes are Savings Bonds Submitted Through EZ CLEAR in a Separately Sorted Cash Letter OLD FEE NEW FEE OLD FEE NEW FEE Redemptions $0.34 $0.30 $0.34 $0.30 Exchanges $0.50 $0.50 $0.34 $0.30 For your reference, enclosed is a copy of Form PD 5285, "Statement of Fees for Paying Agents.11 REGULATION CHANGES-SURVIVING BENEFICIARY Also effective October 1, paying agents may redeem Series EE/E bonds and Savings Notes for cash or in exchange for Series HH bonds upon the request of a surviving beneficiary. Each transaction must be supported by proof of the death of the registered owner. This regulatory change will permit agents to improve the level of savings bond service available to their customers and will substantially shorten the time traditionally required to obtain payment in such cases. Savings bonds registered "A POD B" will be affected by the new rule. The surviving beneficiary, "B," may request and receive payment upon presentation of "A's" death certificate. To be acceptable, death certificates must be certified under seal of the State or local registrar to be true and correct copies taken from official records. The request for payment on each security should be signed by the presenter, whose identity must be known to the certifying officer or established in accordance with the Treasury Identification Guide for Cashing United States Savings Bonds. If an agent is authorized to use the special endorsement procedure described in Department of the Treasury Circular No. 888, current revision, the requests for payment need not be signed. In all cases, the social security account number of the presenter, not the decedent, must be noted. In exchange cases, the surviving beneficiary must be named as the owner or first-named coowner on the Series HH bond(s) to be issued. In addition to the payee identification notations routinely made when securities are presented for payment, notations of the evidence presented as proof of death must be made. Such notations, e.g., the date of death, the name and location of the issuing authority, and the document or case number on the owner's death certificate, should be sufficient to permit specific identification of the evidence of entitlement. The exercise of this new authority by paying agents is optional. However, as a service to customers, agents are encouraged to redeem eligible securities in situations where surviving beneficiaries can establish their identities and provide acceptable evidence of an owner's death. Enclosed for your information is a revised copy of Form PD 3900, "Identification Guide for Cashing United States Savings Bonds." STATEMENT TO AITTHOPT7.ED PAYING AGENTS From time to time, customers will present you with savings bond transactions which must be completed by a Federal Reserve Bank or the Treasury. Examples include reissues, payments on the basis of evidence of entitlement (other than payments to surviving beneficiaries)/ and requests to issue bonds in the names of fiduciaries or organizations. Transactions which you are not authorized to handle should be sent directly to the Fiscal Agency Department of your servicing Federal Reserve Office. If your local Reserve Office is unable to process the transaction, that Office will forward it to Treasury for processing. Dealing directly with your servicing Federal Reserve Office will result in improved turnaround times for your customers since workloads will be more broadly distributed and Treasury will be in a better position to process the more complicated types of savings bond transactions. The following list may be of help in ensuring that such transactions are properly directed: Processing Office Type of Transactions Processing Office Type of Transactions FRB Boston Att: Fiscal Agency Department 600 Atlantic Avenue Boston, MA 02106 All Transactions FRB Chicago Att: Savings Bond Division P.O. Box 8127 Chicago, IL 60690 Original Issues, Redemptions and Exchanges FRB New York Att: Savings Bond Department Federal Reserve P.O. Station New York, NY 10045 All Transactions Detroit Branch Att. Savings Bond Unit P.O. Box 1059 Detroit, MI 48231 Reissues, Redemptions and Exchanges FRB Philadelphia Att: Savings Bond Division P.O. Box 77 Philadelphia, PA 19105 All Transactions FRB St. Louis Att: Savings Bond Department P.O. Box 14935 St. Louis, M0 63178 All Transactions FRB Cleveland Att: Savings Bond Division P.O. Box 6387 Cleveland, OH 44101 All Transactions FRB Minneapolis Att: Savings Bond Division 250 Marquette Avenue Minneapolis, MN 55480 All Transactions Pittsburgh Branch Att: Fiscal Department P.O. Box 867 Pittsburgh, PA 15230-0867 All Transactions FRB Kansas City Att: Securities Department 925 Grand Avenue Kansas City, M0 64198 All Transactions Cincinnati Branch Att: Savings Bond Division P.O. Box 999 Cincinnati, OH 45201 All Transactions FRB Dallas Att: Fiscal Agency Department P.O. Box 650046 Dallas, TX 75265-0046 All Transactions FRB Richmond Att: Fiscal Agency Department P.O. Box 27622 Richmond, VA 23261 All Transactions FRB San Francisco Att: Fiscal Agency Department P.O. Box 7702 San Francisco, CA 94120 Payroll Issues FRB Atlanta Att: Savings Bond Area 104 Marietta Street Atlanta, GA 30303 All Transactions Los Angeles Branch Att: Savings Bond Department P.O. Box 2077, Terminal Annex Los Angeles, CA 90051 Over-the-Counter Issues, Redemptions, Reissues, and Exchanges FORM PD 5285 Dept, of the Treasury Bur. of the Public Debt jk T P M P & I T V I A I tlVltN I PAYMENT OF FEES TO SAVINGS BOND PAYING AGENTS INTRODUCTION Under the terms of the governing regulations, the Bureau of the Public Debt will pay fees to qualified agents which redeem savings bonds and notes. Beginning October 1,1988, financial institutions which redeem savings bonds have the option of presenting such bonds either to the Fiscal Agency Departments (Fiscal Agency Option) of their servicing Federal Reserve Offices or through their normal check collection channels (Check Option). Rules for submission under each option are contained inDepartmentCircular 750,4th revision, and operating circulars prepared by each Reserve District. FEES FOR PAYING AGENTS SUBMITTING BONDS TO FISCAL AGENCY DEPARTMENTS FISCAL AGENCY OPTION a. Agents eligible for fees — Fees will be paid to financial institutions qualified as paying agents by Federal Reserve Banks under Department Circular No. 750, as revised and amended. b. Securities eligible for fees — In accordance with the provisions cited below, fees will be paid for (i) Series A-E and EE savings bonds and U.S. Savings Notes (Freedom Shares) redeemed for cash and (ii) Series E and EE savings bonds and savings notes redeemed in exchange for Series HH bonds under the provisions of Department Circular, Public Debt Series No. 2-80. c. Limitation — Paying agents will not make any charge for redeeming savings bonds and notes. d. Coverage of fee— The fee is not intended to compensate agents for the reporting of interest paid as a part of the redemption value of securities as required by Federal Tax Regulations (26 CFR, 1.6049-4). e. A fee will be paid on the following basis for redeemed savings bonds and notes: (1) Redemptions for ca sh ................................................................................................................................................. $0.30 (2) Redemptions in exchange for Series HH bonds ......................................................................................................... $0.50 CALCULATION OF FEES a. Fees will be calculated on the number of paid bonds transmitted to the Bureau of the Public Debt for the account of an eligible agent during a calendar quarter, based on the transfer date assigned to the transmittal by a Federal Reserve Bank. TRANSMITTAL FORMS i. All paid bonds and notes submitted to Fiscal Departments, whether redeemed for cash or in exchange for Series HH bonds, must be batched and transmitted under cover of Form PD 2639. Batching must conform to the instructions appended to Department Circular No. 750: an agent may not intermingle in a single batch (i) old style pre-1957 paper bonds with card bonds and notes, (ii) cash redemptions with exchange redemptions, or (iii) securities paid in different months. Exchange redemptions must be appropriately identified on Form PD 2639 to insure proper accounting. FEE PAYMENTS The fees due each paying agent will be calculated by the Bureau of the Public Debt as of the close of each calendar quarter, and payment will be made within 40 days thereafter. Payment of the fees may be made by direct deposit or by check for agents submitting bonds to the Fiscal Agency Department of their servicing Federal Reserve Office. i. Direct Deposit — To receive payment by direct deposit, an agent must complete the Standard Form SF1199A, Direct Deposit Sign Up Form, and submit it to the Bureau of the Public Debt at the address shown below. Agents should notify the Bureau when their account number changes. Questions concerning the receipt of fees by direct deposit should be addressed to the Bureau of the Public Debt at the address or phone number shown below. b. Check — Agents who have not submitted an SF 1199A will receive payment by check. Checks will be drawn and mailed to the agents by the Federal Reserve Bank of Philadelphia on behalf of the U.S. Treasury. For bonds submitted to Fiscal Agency Departments, one payment will be made for the total fees due each paying agent. Financial institutions with separately qualified branches may make arrangements to receive a single consolidated payment for redemption fees. Each payment transaction or check will carry information to identify the nature of the payment. INQUIRIES CONCERNING FEE SYSTEM Inquiries regarding the operation of the fee system and requests to consolidate branch and head office fees into a single payment should be addressed to: Bureau of the Public Debt Accounts and Reports Section Parkersburg, West Virginia 26106-1328 Phone: (304)420*6248 FEES FOR PAYING AGENTS SUBMITTING BONDS TO CHECK DEPARTMENTS CHECK OPTION a. Agents eligible tor fees — Fees will be paid to financial institutions under Department Circular No. 750, as revised and amended. b. Securities eligible for fees — In accordance with the provisions cited below, fees will be paid for (i) Series A-E and EE savings bonds and U.S. Savings Notes (Freedom Shares) redeemed for cash and (ii) Series E and EE savings bonds and savings notes redeemed in exchange for Series HH bonds under the provisions of Department Circular, Public Debt Series No. 2-80. c. Limitation — Paying agents will not make any charge for redeeming savings bonds and notes. d. Coverage of fee — The fee is not intended to compensate agents for the reporting of interest paid as a part of the redemption value of securities as required by Federal Tax Regulations (26 CFR, 1.6049-4). e. Agents may submit bonds for reimbursement to Check Departments of any Federal Reserve Office (including Regional Check Processing Centers) to which commercial checks are submitted. Agents also may submit such bonds to correspondents in separately sorted or mixed cash letters. Payment of fees on items submitted to Federal Reserve Bank Check Departments will be made to the institution presenting the bonds. A fee will be paid on the following basis for redeemed savings bonds and notes: (1) Redemptions for cash submitted in separately sorted cash letters............................................................................ $0.30 (2) Redemptions in exchange for Series HH bonds submitted in separately sorted cash letters . . , ............................... $0.30 (3) No fee will be paid to financial institutions for bonds presented to a Federal Reserve Office in mixed cash letters. Charges will be made for such items in accordance with Federal Reserve Bank operating instructions. CALCULATION OF FEES a. Fees will be calculated on the number of bonds paid during a calendar month, based on the date of receipt by the Pittsburgh Branch, Federal Reserve Bank of Cleveland. Fees will be paid only to institutions which present bonds in separately sorted cash letters. TRANSMITTAL FORMS a. All paid bonds and notes transmitted through the Check collection system, whether redeemed for cash or in exchange for Series HH bonds, must be bundled and transmitted in accordance with guidelines specified in Department Circular 750 (current revision) and governing Federal Reserve operating letters. Bonds can be submitted to a Federal Reserve Bank, Branch or Regional Check Processing Center, either directly or through a correspondent, in separately sorted or mixed cash letters. FEE PAYMENTS Financial institutions which submit bonds in separately sorted cash letters to Check Departments of Federal Reserve Offices will receive fees monthly in the form of ACH payments from the Pittsburgh Branch of the Federal Reserve Bank of Cleveland. The submitting institution must provide an appropriate account number. INQUIRIES CONCERNING FEE SYSTEMS Paying agents submitting redeemed bonds in separately sorted cash letters through the check system should direct all fee related inquiries to: Pittsburgh Branch Federal Reserve Bank of Cleveland P.O. Box 867 Pittsburgh, Pa. 15230-0867 Phone: (412) 261-7847 EFFECTIVE DATE The fee schedule is effective beginning October 1,1988. ★ U.S.GPO: 1988-0-522-611 /00293 THE DEPARTMENT OF THE TREASURY FOR USE OF PAYING AGENTS Washington, October 1, 1971 (Revised October 1988) I D E N T IF IC A T IO N G U ID E FOR CAS HIN G U NITED STATES SAVINGS B ON DS 1. AGENT’S RESPONSIBILITY AND LIABILITY. A payin g agent is required to cash b o n d s /n o te s eligible for paym ent for a presenter w ith adequate id e n tific atio n . If a paying agent cashes a b o n d /n o te fo r the w ro ng person, the agent is liable for the loss unless the Treasury is able to de term in e th a t the loss was not due to f a u lt or negligence on the part of the agent. The Treasury will be able to determ ine th a t the loss was not due to f a u lt or negligence on the part of the agent if this Guide is followed. Agents can, therefore, c a rry out their resp o n sib ility fo r cashing bonds and yet be sure they w ill not in cur losses if they — examine each bo n d /n o te to determine tha t it is eligible for payment and tha t the request for pa yment is pro perly executed, require id en tificatio n tha t is adequate under this Guide, and make a notatio n tha t is adequate under this Guide. 2. IDENTIFICATION. There are three kin ds of id entificatio n — as a customer, by k no w n persons, and by documents. CUSTOMER IDENTIFICATION. Ide ntif ic atio n throu gh a cus to m e r account is adequate if the presenter of the b o n d /n o te is a c u s to m e r— whose name has been on the account at least six months, and whose signature on the request fo r paym ent compares f a v o ra b ly w ith the signature on file. PERSONAL IDENTIFICATION. Identification by another person is adequate i f — the identifier is a customer, as described in response to questions, it is determined source and duratio n of his acquaintance the identifier places his signature on the above, or is personally kn o w n to an officer of the paying agent, tha t the id en tifier kno w s the presenter by the name inscribed on the b o n d /n o te and that the w ith the presenter are such as to make his id en tificatio n reliable, and back of the bond/n ote. DOCUMENTARY IDENTIFICATION. Documents adequate for id en tific atio n of persons presenting b o nd s/n otes are specified on the back of this Guide. Because do c u m e n ta ry id en tificatio n is less reliable than other fo rm s of id entificatio n, not more than $1,000 should be paid in reliance on do cum e ntary id entificatio n regardless of the number of different do cuments presented as identificatio n. Every document m ust be examined to determine thatthere is nothing tha t w ould raise a suspicion ab out its genuineness, the name in w hic h the docum ent is issued is the same as the name on the bond /n ote, and the signature and the picture or physical descrip tio n compare fa v o ra b ly w ith those of the presenter. 3. NOTATION OF IDENTIFICATION. A notation is adequate if i t is recorded on the b o n d /n o te or in a separate record at the time of payment, and is su ffic ie n tly detailed to permit, at a later date, a de term in atio n of the exact id entificatio n actually used. There is a special space on the back of the newer stock of bonds fo r m aking an id en tificatio n no tation. Examples of w h a t constit ute adequate no tatio ns are set out on the back of this Guide. 4. EVIDENTIARY REQUIREMENTS FOR PAYMENTS TO BENEFICIARIES. When savings bo nd s /n o te s are presented fo r c a s h in g by a person who in dicates tha t he or she is the beneficia ry named on the b o n d s/n o te s and that the ow ner is deceased, a paying agent may cash the b o n d s /n o te s fo r the presenter provided the presenter furnishes an acceptable certificate of death for the person named on the bo nd s/n otes as ow ne r and provides adequate id en tificatio n as specified above. The cop y of the o w n e r ’s death certif ic a te must be certifie d under seal of the State or local registrar. The de cedent’s name on the death ce rtific a te m ust be the same as the b o n d /n o te ow n e r ’s name. For the ag en t’s pro tection, it is recommended th a t a no tatio n be made either on the ba ck of b o n d s /n o te s or in a separate record concerning the death certificate. This notation mig ht include the document or case number on the o w n e r ’s death certificate, the date of death, and the name and locatio n of the issuing au th o rity . The no tatio n should be s uffic ie nt to permit the agent to produce a c op y of the c e rtifica te if the tra n s a c tio n is later questioned. Otherwise, the agent runs the risk tha t no evidence can be developed to sho w tha t it acted w ith due care, and it could not be relieved of lia b ility should a loss occur. FO RM PD 3900 — Departm ent of the Treasury — Bureau of the Public Debt (Revised October 1988) IDENTIFICATION CHART — UNITED STATES SAVINGS BONDS* ADEQUATE IDENTIFICATION TYPE OF IDENTIFICATION ADEQUATE NOTATION I. C U S T O M E R ID E N T IF IC A T IO N Presenter is custom er — (1) whose nam e has been on an account for at least 6 M O N T H S , and (2) w hose signature on request for paym ent com pares favorably with signature on file. Type of account and date established, e.g., “ Ck. acct. — 4/17/69.” II. PER SO N A L IDENTIFICATION Presenter is identified by a customer, as described above, or by an individual personally known to an officer o f the paying agent. Determine by questioning that identifier knows presenter by the nam e inscribed on the bond, and that source and duration of acquaintance is such as to m ake identification reliable. (Personal id entification based on casual acquaintance is not reliable, e.g., a brief landlord-tenant relationship, or identification m ade of patrons by owners or em ployees of hotels, bars, restaurants, bowling alleys, etc.) N am e and address of identifier and results of inquiries, e.g., "John Smith, 987 Oak St., ex-college room m ate — 10 years.” III. Have identifier place signature on back of bond. D O C U M E N T A R Y ID E N T IF IC A T IO N — Acceptable only for paym ents not to exceed $1,000 (cash value) Exam ine each docum ent for any suspicion as to its genuineness or possible alteration. C om pare photo or physical description on docum ent with those of presenter. D eterm ine that nam e on docum ent is same as name on bond. D eterm ine that signature on docum ent and on request com pare favorably. G EN E R A L 1. Motor vehicle operator’s license. Permanent driver’s license at least 2 m onths old or a renewal, including temporary renewal license. Other temporary or learner’s license not adequate. Issuer, number, issue date, e.g., “ N.Y. D/L A07348-99753-738826 — 12/15/70.” 2. Card at least 2 m onths old with holder’s photograph and/or physical description and signature, and countersigned or otherw ise validated. Issuer, number, issue date, e.g., CA ID K123456, iss. 6/29/79.” Card with em ployee’s photo or physical description and signature, and countersigned or otherw ise validated by em ployer whose existence is known to agent. Issuer, number, issue date, e.g., “ABC Co. ID 879,065 — 2/2/70.” License at least 2 m onths old with licensee’s photo or physical descrip tion and signature, and countersigned or otherwise validated. Issuer, docum ent, number, issue date, e.g., “ D.C. barber lie. 4513 — 4/9/70.” Active duty — DD Form 2, followed by branch of service, e.g., “A" (for Army) and word "Active” — printed in green ink. Reserve — same form — red ink. Retired — sam e form — gray ink. Form num ber (appears in left marginal border on face of card), service number, card number, issue date, e.g., “ DD2A Active, 33,215,626/12951 — 8/3/69.” State-issued id entification card. 3. Employer identification card, including those of state and local governmental agencies. 4. Craft/trade license issued by state or local government, e.g., to barber, cab driver, electrician, etc. U.S. G O VERNM ENT Arm ed Forces id entification card. 1. 2. Uniform ed Services Id entification and Privilege Card. DD Form 1173 — orange color. Form num ber (appears on left lower corner on back of card), card number (appears on upper right face of form), place of issue, issue date, e.g., “ DD 1173, A812,994/Fort Lee — 4/13/70.” 3. United States passport. Booklet with holder’s photo, signature and physical description. Passport, number, issue date, e.g., “ U.S. passport E12345 — 8/30/70.” 4. Federal em ployee id entification card or badge. Card or badge with em ployee’s photo or physical description and signature, and countersigned or otherw ise validated. Form number (if any), issuer, card number, issue date, e.g., “ E&P 9309 OD, U.S. Treasury, 4464, 1/2/70.” 5. Federal Emergency Assignee Id en tifica Form SF 138 (Rev. 6/62). H older’s photograph, physical description and signature, and a countersignature. H as red m arginal border. Form number, card number, issue date, e.g., “ S F 138 (6/62), No. CD 12345 6/5/65.” Form 1-151 or 1-155, with holder’s photograph, date of birth, port of entry, thum bprint and signature. Form number (appears on lower right cor ner on back of card) and alien num ber (appears in center on front of card), e.g., “ Form 1-151, A12345678.” tion Card (Civil Defense). 6. Alien Registration Receipt Card (“ Green C ard”) UNACCEPTABLE D O CUM ENTS 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. * Social security cards. A utom obile registration certificates. Birth and m arriage certificates. Credit cards or plates. H ealth and other insurance policyholder identification cards. I.D. cards purchased from commercial I.D. business. Organization, union, professional, etc., m em bership and identification cards. Passbooks — banks, et al. S elective Service classification cards. Voter registration cards. Arm ed Forces discharge or separation documents. Selective Service registration certificates. These and sim ilar docum ents are inadequate as identification because they do not contain both a physical descrip tion and a validated signature, and they are usually easily obtainable w ithout the recipient having to establish iden tification to the issuing authority. Paying agents may, however, request this kind of identification for corroborative purposes. (Note: Armed Forces discharge or separation documents are no longer considered acceptable identification because since 1967 none of these docum ents contain a physical description of the dischargee, and the description on docum ents issued prior to 1967 would in many instances not be reliable.) In clud ing U n ited States Savings N o tes (Freedom Shares).
@FedFRASER