Fill out a Power of Attorney form if you need to. If you are in a situation where the owner of the bond needs a Power of Attorney, such as the owner of the bond is in the hospital or home-bound, you can fill out the Power of Attorney form (PD F 5188). This form authorizes the person whose name is on the form to sell or cash the bonds. Another way to do this is to submit a certified copy of the power of attorney to the bank. The Power of Attorney document must state explicitly that you can cash the savings bonds. The document must be notarized. If you do this, only a Federal Reserve Bank can cash the bonds. This form is located through the Treasury Department website.
You are here. Bonds. A bond is a loan an investor makes to a corporation, government, federal agency or other organization in exchange for interest payments over a specified term plus repayment of principal at the bondâs maturity date. There are a wide variety of bonds including Treasuries, agency bonds, corporate bonds, municipal bonds and more.
financial institution bond. Used to insure banks and other financial institutions against employee dishonesty, burglary, robbery, forgery, and similar crime exposures. Previously called a bankers blanket bond.. Coverage may be provided on the standard forms promulgated by the Surety Association of America (SAA) or on a special form drafted by the insurer.