live in the same city, the postal employee may recover the amount from the one wrongly paid and deliver it to the other. If impractical to settle in this manner, he shall report the case to the Money Order Audit Division for adjustment.

(b) Through alleged fraud. When improper payment is alleged, the postal employee shall obtain the photostat of the paid order for examination. No fee for the photostat of the money order is required in such case. If the claimant denies proper payment, he must complete Form 6337, Affidavit Relative to Alleged Wrong Payment of a Money Order, in duplicate. The postal employee shall send the two copies of the completed Form 6337 with the photostat of the paid order to the postal inspector in charge.

[29 F.R. 2758, Feb. 27, 1964]

§ 61.7 Receipt and protection of blank money orders.

(a) Receipt. Issuing employees must check the serial numbers of forms when received. When a form is missing, record the serial number on a memorandum slip and place it in sequence in the post office stub file and report the facts to the Money Order Audit Division.

(b) Protection. Money order forms must be under protection of a lock when not in use. They must be given the best protection possible at night and when the office is closed. Where practicable, office dating stamps and money order control stamps should be placed in a locked receptacle when the office is closed. At sale window, keep blank money orders and rubber stamps out of reach of possible sneak thieves. Report any stolen money order forms immediately by telegraph or telephone to the postal inspector in charge and give the serial numbers of the stolen forms. [29 F.R. 2758, Feb. 27, 1964]

§ 61.8 Nonpostal money orders.

(a) Postmasters and employees shall not sell nonpostal money orders, checks, or similar instruments for the transmission of money.

(b) Contract and rural stations shall not sell nonpostal money orders, checks, or similar instruments for the transmission of money, unless specially authorized by the Assistant Postmaster General, Bureau of Finance.

[29 F.R. 2758, Feb. 27, 1964]

(a) Where sold. Documentary internal revenue stamps are sold at all first- and second-class post offices, and at thirdand fourth-class offices located in county seats. Sign 35, notifying the public of the availability of these stamps, shall be posted in the lobby.

(b) Use of stamps. These stamps are sold for the payment of taxes on the following documents:

(1) Issuance of capital stock and certificates of indebtedness of a corporation.

(2) Sales or transfers of capital stock and certificates of indebtedness of a corporation.

(3) Real estate conveyances, deeds, etc.

(4) Steamship passage tickets. (5) Policies by foreign insurers. Postal employees must not advise or instruct purchasers of documentary internal revenue stamps on matters relating to the administration of the law, other than that they are for the payment of taxes on these documents.

(c) Denominations. Documentary internal revenue stamps are furnished in denominations of 1, 2, 3, 4, 5, 8. 10, 20, 25, 40, 50, 55, and 80 cents; 1, 1.10, 1.65, 2, 2.20, 2.75, 3, 3.30, 4, 5, 10, 20, 30, 50, 60, 100, 500, and 1,000 dollars. The 30, 50, 60, 100, 500, and 1,000 dollar stamps are each furnished in books of 40 stamps and the other denominations are furnished in sheets of 100. All denominations are for sale singly or in quantities desired.

(d) Accounting for stamps. Stubs to which stamps of $30 denomination and over are attached shall not be completed. Stubs shall be destroyed after all stamps in a book are sold. Money from sales shall be treated as postal funds.

(e) Redemption. Stamps shall not be redeemed, repurchased or exchanged. Persons desiring to sell, exchange or

redeem internal revenue stamps shall be directed to apply to the nearest District Collector of Internal Revenue.

[26 F.R. 11601, Dec. 6, 1961, as amended at 27 F.R. 225, Jan. 9, 1962]

§ 62.2 Migratory-bird hunting stamps.

(a) Where sold. Migratory-bird hunting stamps are sold at all first- and second-class post offices, and at certain designated third- and fourth-class offices where there is a demand for them. A current migratory-bird poster shall be displayed in the lobby.

(b) Price. Migratory-bird hunting stamps cost $3 each.

(c) Instructions on administration of the law. Postal employees must not instruct purchasers of migratory-bird hunting stamps on matters relating to the administration of the law. Refer them to the Fish and Wildlife Service, Washington, D.C., 20240, or to the local game warden.

(d) Redemption from public. Stamps shall not be redeemed from the public except unsold stamps returned, within 30 days after close of season, from persons regularly engaged in retailing hunting or fishing equipment or from persons authorized to sell State or county hunting or fishing licenses. Stamps validated by signature or stamps that appear to have been removed from a hunting license or identification card shall not be accepted.

(e) Accounting for stamps. (1) Receipt to evidence payment shall not be issued if no stamps are available.

(2) Money from sales shall be treated as postal funds.

(3) Refunds shall be made from postal funds, and redeemed stock shall be treated as nonsalable.

[26 F.R. 11601, Dec. 6, 1961, as amended at 30 F.R. 8622, July 8, 1965]

§ 62.3 United States savings stamps.

(a) Availability. United States savings stamps may be purchased at any post office where there is a demand for them. Postmasters sell savings stamps to business houses, schools, institutions, or other organizations that desire to purchase them for resale. Postmasters will furnish savings stamps for schools without prepayment, on a consignment or a fixed-credit basis, to selected volunteer workers who shall be established as Treasury savings stamp agents. These agents will be qualified by State directors of the United States Savings Bonds Divi

sion of the Treasury Department. Detailed information and the name and address of State directors may be obtain from postmasters.

(b) Denominations. Savings stamps are furnished in sheets in denominations of 10, 25, and 50 cents, and $1 and $5. The 10-cent and 25-cent stamps are also available bound in books. Books of fifty 10-cent savings stamps sell for $5; “gift books" of ten 25-cent stamps for $2.50; and "gift books" of twenty 25-cent stamps for $5. Stamps in these books are not detached and sold separately, but they must be detached and affixed in an album before they may be redeemed at a post office.

(c) Savings-stamp albums. Savings stamps will not be redeemed until stuck in an album of the appropriate denomination. Savings-stamp albums may be obtained for each denomination free from the postmaster.

(d) Payment for stamps by purchaser. If payment is made by check, delivery of stamps may be delayed until check has cleared. Postal employees shall dispose of funds received in payment of stamps as postal funds.

(e) Redemption from public. (1) Payment to bearer. Savings stamps are transferable, and are payable to bearer at any post office if affixed to albums or on cards designed for the purpose. Postal savings stamps formerly sold shall also be redeemed if mounted in an album or on cards. Savings stamps will be redeemed for cash if presented by banks and other institutions that have accepted them in payment for United States savings bonds. Payment shall be made out of postal funds.

(2) Cancellation of redeemed stamps. Postal employees shall enter the value of savings stamps in each album on the back cover of the album near the top and place a clear impression of the post office dating stamp nearby. They shall cancel redeemed stamps promptly after acceptance. The stamps shall not be defaced or mutilated.

(3) Disposition of redeemed stamps. Postal employees shall submit redeemed savings stamps to main office with Form 1412, "Daily Cash Report", where used.

(f) Mutilated stamps. (1) The postmaster will accept at face value any savings stamp that has been torn, burned, or badly mutilated, when one or more fragments can be identified as constituting clearly more than one half of the same

stamp. If the fragment or fragments are not so identifiable, the owner should send them (with the entire album, if the stamp had been stuck in an album before it was mutilated) to the Treasurer of the United States, Washington 25, D.C.

(2) If stamps have adhered to each other so that they cannot be separated and their value determined (which can usually be done by soaking the stamps in warm water), the owner should forward them to the Treasurer of the United States.

[26 F.R. 11601, Dec. 6, 1961. Redesignated at 30 F.R. 8622, July 8, 1965]

(b) Application for bonds. "Application for U.S. Savings Bonds", Form 920, is supplied by the postmaster. The purchaser must state on the form, by denomination, the number of bonds applied for, the total amount of the purchase, and the name and address to be inscribed on the face of the bond. Form 920 may also be used in applying for bonds by mail to a Federal Reserve bank or to the Treasury Department.

(c) Acceptance of funds. Funds shall be accepted the same as for money orders. (See § 61.1(b)(3) of this chapter.> If the postal employee does not want to accept a check, he shall advise the patron that a check will be accepted by the Treasury Department or a Federal Reserve bank in the purchase of bonds by mail. If a check is accepted and it fails to clear, the purchaser must either make the check good or return the bond. If neither the money nor the bond can be recovered, the post office shall notify the regional controller. No money

may be accepted for bonds unless they are available for immediate delivery. Funds received shall be treated as postal funds.

(d) Issuance of bonds-(1) Authority to issue. Bonds may be issued at post offices in the names of natural persons in their own right only. Persons desiring to purchase them in other forms of registration authorized by Treasury Department Circular 530 may obtain them from Federal Reserve Banks and Branches and from the Treasury Department, Washington, D.C., 20220.

(2) Accepting applications. The postal employee shall check Form 920, "Application for United States Savings Bonds", to see that inscription requested is in a form authorized by the latest edition of Treasury Department Circular 530 (circular may be obtained from the regional controller); write serial number of issued bond on Form 920; initial; and file alphabetically.

(3) Filling out bonds. The postal employee shall:

(i) Issue bonds in the names of individuals only, as follows:

(a) One person: "John A. Jones." (b) Two persons-coownership form: "John A. Jones or Mrs. Ellen S. Jones". (c) Two persons-beneficiary form: "John A. Jones, payable on death to Miss Mary L. Jones". Payable on death may be abbreviated as p.o.d.

(ii) Use a typewriter if available and fill out the bond and stub in one operation.

(iii) Enter the full names on the bond and stub. Men's names may be preceded by any applicable title. Women's names must be preceded by Mrs. or Miss. A married woman's own given name must be used, not that of her husband.

(iv) Enter the full address of the owner on the bond. The address of the coowner or beneficiary is not necessary.

(v) Enter the month and year in the upper right corner of both the bond and the stub. Stamp the date of issue with the post office dating stamp in the circles provided on the bond and its stub.

(vi) Be sure that all entries are legible and exactly the same on the bond and its stub.

(vii) Detach stub from bond. Deliver bond to purchaser and retain stub for submission by postmaster with his accounting period bond report.

(4) Errors on bonds. (i) If an error is discovered on a bond after it is issued, it should be returned to the postmaster

for correction. If returned during the accounting period of issue, and if the error was made by the postmaster, he shall spoil the bond and stub, write the name of the office on them, and issue a new bond in its stead. He shall correct his records if necessary.

(ii) If an error is discovered after the accounting period of issue, or if the error was not the fault of the postmaster, the postmaster shall prepare a receipt for the bond in triplicate; give a copy to the owner; keep a copy; and send the original with the bond to the regional controller for reissue. The reissued bond will be mailed direct to the owner.

(5) Errors on stubs. If an error is on the stub only and the bond is correct, or if an inscription needs explaining (as when a feminine owner's given name is one generally accepted as masculine), an explanation shall be made on the stub. The postmaster or a designated supervisory official must initial the notation If the address or date is omitted from a stub, the postmaster must find out from the purchaser whether the bond is complete and, if the bond is complete, insert the missing data on the stub. If the bond is not complete, the address or date must be filled in on the bond and stub. The addition shall not be initialed.

(e) Undeliverable bonds. Bonds issued and mailed by other agents, which are undeliverable by mail, shall be handled in the following manner:

(1) Bond shall be forwarded to the addressee if change of address is on file. If no change of address is on file or if addressee is deceased, bonds shall be returned to issuing agent without further action.

(2) Bonds that cannot be delivered or returned to issuing agent and unclaimed bonds found loose in the mail shall be held for 60 days. After 60 days, they shall be sent to the Treasury Department, Division of Loans and Currency, 536 South Clark Street, Chicago 5, Ill.

(f) Examination of stock of bonds. Clerks who issue bonds shall check each bond and stub to see that the denomination and serial number agree. If the stubs are attached to the wrong bonds, they must be reassembled so that the two parts of each assembly agree. The postmaster shall hold bonds that cannot be reassembled, report the discrepancy to the regional controller, and await instructions.

(g) Certification for payment—(1) What to certify. Postmasters shall not

cash savings bonds but will certify them for payment if sufficient identification is furnished and if the bonds are to be forwarded by the owner to a Federal Reserve bank or to the Treasurer of the United States for payment. The certification may be made on the bond itself or on a detached request for payment, Treasury Department Form TD 1522. Bonds that are to be presented to banks or trust companies for payment shall not be certified.

(2) How to certify. The certifying officer must require positive identification that the person presenting the bond is the person whose name is inscribed on the bond and must be sure there is no alteration or erasure on the bond. If the registered owner signs by mark, his mark must be witnessed by at least one disinterested person besides the certifying officer. All certificates must be in the name and title of the postmaster, followed by the certifying officer's signature and official title. The specially designated clerk or carrier must sign as "designated clerk" or "designated carrier".

(3) Who may certify. The following persons may certify to requests for payment on bonds: postmaster; assistant postmaster; any postal inspector; supervisor; or clerk temporarily in charge of the office, branch, or station; or any clerk or carrier specially designated by the postmaster.

(h) Payroll savings plan—(1) Object. The plan permits employees of the Postal Service to authorize withholding of salary deductions for the purchase of savings bonds. The availability of the payroll savings plan shall be made known to all employees.

(2) Authorization. Treasury Department Form 2254, "Authorization for Purchase of United States Savings Bonds", shall be used by employees who wish to authorize deductions from pay each pay period. The form shall be completed in detail by the employee and forwarded by the Postmaster or other official to the regional controller. The minimum deduction is $3.75 each payday. Larger allotments in multiples of $1.25 may be made.

(3) Issuance of bond. The regional controller will issue bond and deliver to purchaser when deductions are sufficient to pay for it. If 5 or more deductions are necessary and the bond is of the $50 or higher denomination, the issue date will be shown as the month in

which one-half of the purchase price was accumulated.

(4) Changes in authorization. Form 1476, "Notice of Change-Authorization for Purchase of U.S. Savings Bonds", shall be used by an employee to authorize any change desired in deductions or bonds. The completed form shall be forwarded by the postmaster or other official to the regional controller.

(5) Refund of deductions. The regional controller will refund withheld deductions insufficient to purchase a bond if the employee is separated from the service or cancels his withholding authorization.

[26 F.R. 11601, Dec. 6, 1961, as amended at 28 F.R. 6538, June 26, 1963. Redesignated at 27 F.R. 225, Jan. 9, 1962, and at 30 F.R. 8622, July 8, 1965]

The Postal Savings System was established to provide facilities for the deposit of savings at interest with the security of the United States Government for repayment. The Postmaster General selects and designates post offices that are to be postal savings depositories.

§ 63.2 Opening accounts.

(a) Who may open—(1) Individuals. Any person 10 years of age or over may open a postal savings account in his or her own name. Accounts are opened in the names of individuals only. No person is permitted by law to have more than one postal savings account at the same time in his own right. A married woman may open an account in her own name, and free from any control or interference by her husband. Joint accounts

may not be opened nor may a beneficiary be named.

(2) Officials in charge of bankrupt funds. Officers and agents in charge of bankrupt funds may deposit them without limit in postal savings depositories in cases where local banks are unable or unwilling to give the required security.

(b) How to open an account-(1) In person or by representative. (i) To open an account, the applicant should apply in person at a depository post office. If, because of infirmity or for other reason, an applicant is unable to appear in person, he may apply through a representative.

(ii) The depositor shall fill out Form PS 600, "Record of Postal Savings Account," using his complete name, as "John B. Jones" or "Mrs. Mary A. Jones," or the depositor's representative shall take Form PS 600 to the depositor to fill out and return. The postal clerk shall check Form PS 600 for completeness and legibility, and have it signed in his presence if depositor applies in person. If patron's copy is not satisfactory, the clerk must prepare a Form PS 600 in proper form. Accounts shall be numbered consecutively. The depositor or the representative shall be given Form PS 301, "Certificate Envelope," and at large offices, Form PS 301-A, "Depositor's Numerical Reference Card."

(2) By mail. (i) In a community where there is no postal savings depository, an application to open an account may be submitted by mail to a depository post office. The money to be deposited must accompany the application, preferably by money orders, but if in cash by registered mail. The depository postmaster will issue certificates in the amount requested and mail them to the applicant.

(ii) The applicant shall complete Form PS 300-B, “Application to Open an Account by Mail." If applicant appears at a nondepository office, the postmaster shall get Form PS 300-B from the most convenient depository office. The postmaster shall certify to the identity of the applicant on the form and tell the applicant to send the completed form and the deposit, in multiples of $5, by money order or check to the depository office. Depository office shall open the account, write the name of the originating office in place of signature on Form PS 600, attach Form PS 300-B to Form PS 600, and issue and mail the certificates to the