The total current surrender value of all bonds held by the household will be considered a countable resource. The cash surrender value of bonds is determined by use of a schedule. Schedules may be obtained from the household or from the bank, savings and loan, or broker from which the bonds were purchased. Information about the redemption value of U. S. Savings Bonds may be obtained from most banks. Information is also available from:
Federal Reserve Bank
325 W. Capitol
Little Rock, AR 72201
Acceptable forms of verification include:
a.The bonds and verification of redemption value; or
b.Collateral contact with the broker, attorney or bank handling
the bonds.The collateral must specify the number of bonds held by the household and the current redemption value.
Document:
a.The type of bond;
b.The number of bonds held by the household;
c.The current cash surrender value of each bond;
d.The figures used to determine the total value of the bonds; and
e.The verification obtained.