Comments on: How to convert paper Savings Bonds to electronic bonds at TreasuryDirect http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/ Thu, 18 Mar 2010 13:27:56 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-53674 Mon, 21 Dec 2009 15:32:22 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-53674 Ed - thanks for the numbers. Very interesting. I found <a href="http://www.savings-bond-advisor.com/savings-bond-alert-009/" rel="nofollow" rel="nofollow">the article I wrote in 2004 on paper to electronic conversions</a> and it says that at that time there were only 250,000 TreasuryDirect accounts. I don't remember where I got that or I'd look up how many there are now. But as a percentage of TD accounts these numbers may not look so bad. Which would change the question to why more people don't use TD... Tom Adams Ed - thanks for the numbers. Very interesting. I found the article I wrote in 2004 on paper to electronic conversions and it says that at that time there were only 250,000 TreasuryDirect accounts. I don't remember where I got that or I'd look up how many there are now. But as a percentage of TD accounts these numbers may not look so bad.

Which would change the question to why more people don't use TD…

Tom Adams

]]> by: Ed http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-53559 Sat, 19 Dec 2009 17:29:11 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-53559 Thanks Tom for all your useful US Savings Bond information. . I have been an active fan of the "Smart Exchange" bond conversion option. The paper-bond to electronic-bond conversion seems secure & is great for people like me who misplace things ....(eg: where's the car, where's the TV remote, ... etc.), & redemption is a few mouse clicks. . Anyways, .... I noticed Uncle Sam's "Smart Exchange" is not very popular. Assuming that worldwide Bond Conversion Manifest Numbers are sequential, you would think they would be in the millions by now. That is not the case. Here's my Conversion Manifest Number History: .... 0295xx .... Sept 2006 .... 0793xx .... June 2008 .... 0952xx .... Jan 2009 .... 1183xx .... Dec 2009 ..,, ( That's today ! .. Only 118+ Thousand Conversions in 5+ years ) . OK, this seems as an insight into the Savings Bond - Treasury Direct relationship. <b>Question:</b> Why is the no-brainer Smart Exchange Conversion program an unpopular flop ? ? ? ? Thanks Tom for all your useful US Savings Bond information.
.
I have been an active fan of the "Smart Exchange" bond conversion option.
The paper-bond to electronic-bond conversion seems secure &
is great for people like me who misplace things ….(eg: where's the car, where's the TV remote, … etc.),
& redemption is a few mouse clicks.
.
Anyways, …. I noticed Uncle Sam's "Smart Exchange" is not very popular.
Assuming that worldwide Bond Conversion Manifest Numbers are sequential,
you would think they would be in the millions by now.
That is not the case.
Here's my Conversion Manifest Number History:
…. 0295xx …. Sept 2006
…. 0793xx …. June 2008
…. 0952xx …. Jan 2009
…. 1183xx …. Dec 2009 ..,, ( That's today ! .. Only 118+ Thousand Conversions in 5+ years )
.
OK, this seems as an insight into the Savings Bond - Treasury Direct relationship.
Question: Why is the no-brainer Smart Exchange Conversion program an unpopular flop ? ? ? ?

]]> by: Tom Adams http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-50542 Tue, 03 Nov 2009 16:03:22 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-50542 Mike - There haven't been any comments on this issue since August, when Robi reported the Treasury converted his and you reported the Treasury told you they wouldn't convert yours. The Treasury's press office has insisted all along that same-year conversions were ok; maybe that message has gotten to the processing staff by now. Tom Adams Mike - There haven't been any comments on this issue since August, when Robi reported the Treasury converted his and you reported the Treasury told you they wouldn't convert yours.

The Treasury's press office has insisted all along that same-year conversions were ok; maybe that message has gotten to the processing staff by now.

Tom Adams

]]> by: Mike http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-50538 Tue, 03 Nov 2009 15:28:55 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-50538 Any new reports or info on TreasuryDirect limiting conversion of paper bonds in the same year as a TreasuryDirect purchase? Any new reports or info on TreasuryDirect limiting conversion of paper bonds in the same year as a TreasuryDirect purchase?

]]> by: Mike http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-46758 Thu, 27 Aug 2009 13:23:45 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-46758 The saga continues: Response on 8/26/09 to my question on this from TreasuryDirect - <i>If the paper bonds were not purchased in the same calendar year as the electronic bonds they can be converted.</i> I responded that I knew that and I was asking about paper bonds purchased the same year. Email on 8/27/09 to me from TreasuryDirect - <i>You would need to wait one year to convert the paper bonds or this would create an excess.</i> The saga continues:

Response on 8/26/09 to my question on this from TreasuryDirect -

If the paper bonds were not purchased in the same calendar year as the electronic bonds they can be converted.

I responded that I knew that and I was asking about paper bonds purchased the same year.

Email on 8/27/09 to me from TreasuryDirect -

You would need to wait one year to convert the paper bonds or this would create an excess.

]]> by: Tom Adams http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-46656 Tue, 25 Aug 2009 16:15:43 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-46656 Robi <a href="http://www.savings-bond-advisor.com/cpi-inflation-update/#comments" rel="nofollow">reports in an August 24, 2009 comment</a> that the Treasury no longer is requiring paper bonds to be held a year before conversion. Tom Adams Robi reports in an August 24, 2009 comment that the Treasury no longer is requiring paper bonds to be held a year before conversion.

Tom Adams

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