Bearer & Registered Bonds

Bond/Coupon Presentation (Bearer Bonds and Registered Bonds)

State of California* bearer bonds and registered bonds can be presented to either the State Treasurer’s Office or The Bank of New York Mellon Trust Company, N.A. (BNY), depending on the payment date of the bond. BNY serves as the fiscal agent for certain State of California general obligation bonds and revenue bonds.  Please refer to the instructions below for where and how to present bearer bonds, bearer bond coupons, and/or registered bonds.

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State of California Bearer Bonds and Registered Bonds

Before 1991, most State of California bonds were issued as bearer bonds or registered bonds. The final due date (maturity date) for these bearer and registered bonds was July 1, 2022.

Bonds and coupons are payable on or after their respective due dates. In some cases, a bond may have been called for early redemption, which means the bond becomes due prior to its stated maturity date (i.e., payment became due on the related redemption date). After a bond is called for redemption, it no longer accrues interest from and after its redemption date.

A bond can be presented after its redemption date; however, any coupons for that bond dated after the redemption date are no longer valid. To determine whether a bond is payable by the State of California or to check whether a bond has been called for redemption, contact the State Treasurer’s Office via phone at 1 (800) 900-3873 or email to CalBONDS@treasurer.ca.gov.

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Bonds/Coupons with Payment Date before January 1, 2007:

These bonds and coupons are serviced directly by the State Treasurer’s Office.

For information on how to present a bond and/or coupon, contact the State Treasurer’s Office via phone at 1 (800) 900-3873 or email to CalBONDS@treasurer.ca.gov.

When presenting bonds and/or coupons to the State Treasurer’s Office, bondholders must include the following:

• A completed IRS Form W-9 for the payee;
• A signed letter of instruction**; and
• Original bonds and/or coupons***

Bondholders may present bonds and/or coupons by mail or by scheduling an in-person appointment. If submitting documents by mail, it is suggested bondholders obtain mailing insurance. The State Treasurer’s Office is not responsible for bonds and/or coupons lost in the mail.

Send all required documents to:

California State Treasurer’s Office
Public Finance Division
Bondholder Redemption Payment Request
P.O. Box 942809
Sacramento, CA 94209-0001

In-Person Appointments

As an alternative to mailing, bondholders may schedule an appointment by calling or emailing the State Treasurer’s Office. At the scheduled appointment, bondholders should bring the original bonds and/or coupons. An IRS Form W-9 will be provided to complete during the appointment.

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Bonds/Coupons with Payment Date on or after January 1, 2007:

These bonds and coupons are serviced directly by BNY.

For information on how to present a bond and/or coupon, contact BNY’s Bondholder Relations Department via phone at 1 (800) 254-2826 (Mon-Fri 8:00 am – 5:00 pm ET) or email to corporate.bond.research@bankofny.com.

When presenting bonds and/or coupons for payment to BNY, bondholders must include the following:

• A completed IRS Form W-9 for the payee;
• A signed letter of instruction**; and
• Original bonds and/or coupons***

BNY only accepts bonds and/or coupons by mail. It is suggested bondholders obtain mailing insurance. Neither BNY nor the State Treasurer’s Office is responsible for bonds and/or coupons lost in the mail.

Send all required documents to:

BNY Corporate Trust
Transfers/Redemptions
500 Ross Street, Suite 625
Pittsburgh, PA 15262-0001

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* Important Note on Non-State of California Bonds:

Cities, counties, and other municipal issuers in California have also issued bearer and registered bonds. Some of these bonds may reference “The State of California,” but that does not necessarily mean they are payable from funds of the State of California or by the State Treasurer’s Office.

To determine whether a bond is payable by the State of California, email a copy of the bond to CalBONDS@treasurer.ca.gov and include your name and phone number.

Please allow at least 1-3 business days for a response.

** What to Include in the signed Letter of Instruction:

• A clear statement that the bond is being presented
• The bondholder’s contact information: name, mailing address, phone number, and email address

*** Original Documents Only:

Only original bonds and coupons will be accepted for presentation. If a bond is lost or stolen, contact:

• State Treasurer’s Office (for bonds and coupons with a payment date prior to January 1, 2007) via phone at 1 (800) 900-3873 or email to CalBONDS@treasurer.ca.gov
• BNY (for bonds and coupons with a payment date on or after January 1, 2007) via phone at 1 (800) 254-2826 or email to corporate.bond.research@bankofny.com