In the past, only the CG field was available to document savings bonds and some cases
may still have bond documentation in the CG field.
If an individual's allegation of the number, type, issue date, and denomination of
bonds matches the CG field, accept the allegation. It is not necessary to have the
individual resubmit the bonds.
When the mandatory retention period elapses for one or more of the bonds, determine
the current redemption value and update the CG field with the current value.
EXAMPLE: During a redetermination in March 2003, the recipient alleges owning the same U.S.
Savings Bond she previously reported. Previously, she reported she received the bond
“for Christmas 2001.” Based on her description, the CR determines it is a match for
a Series EE bond already described in the CG field. The recipient states that the
bond is for $200 and is the only bond she owns, but she did not bring the bond with
her to the FO. The individual's SSR contains a CG field entry of “RE21 1EEX 1201 200X.”
Since the individual's allegation agrees with the CG field entry, it is not necessary
for the individual to resubmit the bond. The CR determines the current redemption
value of the bond and updates the CG field with that value.
Verify past savings bond redemption values for any months in the review period for
which there was ineligibility due to excess resources. For information on verifying
liquid resources, see SI 01140.010.