Savings Bonds are popular among investors because they are low-risk and help the federal government. United States Savings Bonds are a government-backed way to invest money. Unfortunately, the bonds pay little interest and can’t be cashed in for a long time without losing money. United States Savings Bonds, on the other hand, are not subject to state or local taxes. Savings Bonds are also paper assets, so losing your certificate before cashing in might be a nuisance. To redeem your Savings Bond, you’ll need a Certifying Officer to validate your signature.
What does it mean to be a certifying officer?
The head of a federal entity appoints a Certifying Officer in accordance with the Treasury Financial Manual’s standards (TFM). Certifying Officers play an important role in the payment process since they must confirm all payments before they are transferred to the Treasury to be dispersed.
What is the procedure for obtaining a certified signature?
(1) The certifying individual must first determine the signer’s identity. (2) The certifying individual must sign the document in his or her presence. (3) If the certifying individual is not an officer, the words “Authorized Signature” must be written in the area provided for the title.
Who is authorized to certify signatures?
A legal person, such as a solicitor or Notary Public, is required to certify certain papers. A certified document must be signed in the presence of a witness who certifies that your signature is genuine and, in the event of a copy, that the copy is true and identical to the original.
How do certifying officers ensure that the system is secure?
How do certifying officers ensure that the system is secure? Certifying Officers require assurance that the automated system was properly built and is operating in order to ensure correctness and legality. Annual reviews, with interim checks where there have been large system modifications, are one technique to assure system integrity.
Which of the following is a rationale for the certification officer’s role?
Which of the following is a Certifying Officer’s responsibility? Authenticating the facts indicated on a voucher as well as the accompanying documents and records. An individual who is in charge of supplying information, data, or services that result in the certification of payment vouchers.
Who is a certifying person?
The certifying individual must be authorized to bind his or her institution by his or her acts, to guarantee signatures on securities assignments, or to certify securities assignments in the United States.
Who may certify a savings bond signature?
For the purpose of certifying a request for payment, reissue, or signature on a Fiscal Service form, the following individuals are permitted to act as certifying officers:
(1) At banks, trust companies, and member organizations of the Federal Home Loan Bank System, officers who are normally permitted. I Any official of a bank incorporated in the United States, the United States’ territories and possessions, or the Commonwealth of Puerto Rico.
United States territories or possessions, or the Commonwealth of Puerto Rico
(iii) Any officer of a Federal Home Loan Bank System member organization. Federal savings and loan associations are included in this category.
(iv) Any officer of an institution’s overseas branch or domestic branch listed in paragraphs (a)(1)(i) through (iii) of this section.
(v) A Federal Reserve Bank officer, a Federal Land Bank officer, or a Federal Home Loan Bank officer.
(vi) Any employee of an institution listed in paragraphs (a)(1)(i) through (v) of this section who has been given express permission by the institution to certify.
(2) At non-bank or non-trust companies that act as issuing agents. Any official of an institution that is certified as an issuing agent for Series EE bonds but is not a bank or a trust company. The stamp of the agent must appear on the certification.
(3) by officials from the United States. Any judge, clerk, or deputy clerk of a United States court, including courts for the United States’ territories and possessions and the Commonwealth of Puerto Rico; any United States Commissioner, United States Attorney, or United States Collector of Customs, including their deputies; and any Regional Commissioner, District Director, Service Center Director, or Internal Revenue agent of the Internal Revenue Service.
(1) In the Armed Forces, officers having limited power. Any United States Armed Forces commissioned officer or warrant officer, but solely for members of the various services, their families, and civilian employees at posts, bases, or stations. The certifying officer must state his or her rank and that the person signing the request is a member of the class for whom the certifying officer is authorized to certify the request.
(2) At the Veterans Administration, federal prisons, and hospitals run by the US Public Health Service. Any officer in charge of a Veterans Administration home, hospital, or other facility, but only for the facility’s patients or employees; any officer of a Federal penal institution or a US Public Health Service hospital expressly authorized to certify by the Secretary of the Treasury or his designee, but only for the institution’s inmates, patients, or employees. Officers at Veterans Administration facilities, Federal prisons, and Public Health Service hospitals are required to use the institution’s or service’s stamp or seal.
b) Authorized officers stationed in other nations. Any diplomatic or consular official of the United States, or an executive of a foreign branch of a bank or trust business incorporated in the United States, whose signature is attested by an imprint of the corporate seal or is certified to the Treasury Department. If none of these people are accessible, a notary public or other officer authorized to administer oaths may certify, but his or her official character and jurisdiction must be certified by a US diplomatic or consular officer under the seal of his or her office.
(d) Authorized officials in specific areas. Puerto Rico’s Governor and Treasurer; the Virgin Islands’ Governor and Commissioner of Finance; Guam’s Governor and Director of Finance; American Samoa’s Governor and Director of Administrative Services; or Panama Canal Commission authorized officers.
f) Distinctive provisions If no certifying officer is available, the Commissioner of the Fiscal Service, any Deputy Commissioner, any Assistant Commissioner, or any other designated official of the Bureau or of a Federal Reserve Bank or Branch may establish exceptional provisions for any instance.
Using an appropriate Fiscal Service transaction form, in compliance with Department of the Treasury regulations and identification criteria, to confirm his or her identity;
(2) Make a note on the back of the bond, on the relevant Fiscal Service transaction form, or in a separate document, detailing how identification was obtained; and
(3) Attach his or her official signature, title, seal, or issuing or paying agent’s stamp, address, and date of execution to the certification.
(b) If the certifying officer is an official or employee of an organization, the organization will be held completely accountable for the identification’s sufficiency.
Certifying officers are prohibited from certifying bond payment requests or applicable Fiscal Service transaction forms if they individually or in a representative capacity
(b) Will acquire an interest in the bonds as a result of the petitions being certified.
The document must be signed in front of an authorized certifying officer when required by the instructions on a Fiscal Service transaction form.
A certifying officer can be found where?
Signatures on certain certificates, such as US Savings Bonds, can be verified by a Certifying Officer. Officers and employees of depository institutions, such as banks, serve as certifying officers. If the institution is allowed to pay US Savings Bonds, these personnel must use a seal and stamp to validate a person’s signature. A Notary Republic is not the same as a Certifying Agent. A Certifying Agent can also be a member of the US Treasury, a corporate credit union officer, or a Federal banking institution employee. Certifying Officers in the United States Courts include judges and clerks. The Commissioner or Deputy Commissioner of Fiscal Service must appoint them. An authorized Certifying Officer must be a U.S. diplomat or consular official, a manager and officer of foreign branches of U.S. depository institutions, or a Notary Public or officer authorized by a United States diplomatic or consular office official to administer oaths and authorize signatures in order to certify the signature outside of the United States of America.