Public Finance Division

Bond and Coupon Payment (Bearer Bonds and Registered Bonds)

California State bearer bonds and registered bonds can be presented for payment through the State Treasurer’s Office or The Bank of New York Mellon Trust Company (BNY). BNY provides fiscal agent services associated with certain State of California general obligation bonds and revenue bonds. See instructions below on how to present bearer and registered bonds and/or interest coupons.

State of California Bearer Bonds and Registered Bonds

The State issues bonds to finance capital facilities or other voter-approved costs for public purposes such as public education facilities, highway safety, water security, flood prevention, air quality and other various purposes. Before 1982, bonds were issued as bearer bonds or registered bonds.

Bonds and coupons are payable on or after their respective due dates. Sometimes bonds are called for redemption and are due on a date prior to their maturity date (a call date). After a bond has been called, it no longer accrues interest from and after its call date, it can be presented for payment on or after the call date and any coupon for that bond dated after the call date is no longer valid. To check if your bond has been called, contact the State Treasurer’s Office, Investor Relations line at 1-800-900-3873.

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

Coupons and bonds with maturity dates after January 1, 2007 are serviced by BNY. To obtain payment for a bond, contact the BNY bondholder hotline at 1-800-254-2826 for instructions on how to mail in bonds and coupons. BNY provides mail-in service only.

BNY Bond and Coupon Redemption Address:

The Bank of New York Mellon Trust Company
Corporate Trust Operations
PO Box 2320
Dallas, TX 75221

Bondholders presenting bonds and coupons for payment by mail must include:

  • IRS form W-9 for the Payee;
  • Original bonds and coupons; and
  • A letter of instruction

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

Coupons and bonds with maturity dates before January 1, 2007 are serviced by the State Treasurer’s Office. To obtain payment for a bond, contact the State Treasurer’s Office, Investor Relations line at: 1‑800‑900‑3873 or InvestorRelations@treasurer.ca.gov for instructions on how to mail in bonds and coupons or to schedule an appointment to present bonds or coupons in-person for payment.

California State Treasurer’s Office
Bondholder Redemption Payment Request
915 Capitol Mall, Room 261
Sacramento, CA 95814

Appointment hours are:
Monday, Wednesday, Friday (except State holidays) (9:00 am – 3:00 pm)
Contact: 1-800-900-3873

Bondholders presenting bonds and coupons for payment by mail must include:

  • IRS form W-9 for the Payee;
  • Original bonds and coupons; and
  • A letter of instruction

Bondholders presenting bonds and coupons for payment in-person must bring the original bonds and/or coupons.

Additional Information

  • Cities and counties across California also sell bonds. Often the city or county bond will state it is located in “The State of California”. This does not mean the bond is a State of California bond. To determine whether you have a State of California bond, fax or e-mail a copy of your bond with a cover letter to (916) 653‑4042 or InvestorRelations@treasurer.ca.gov. Please include all contact information: Name, telephone number, address and email address.
    • Please allow 1 business day for a response.
  • All presentations for payment require a completed IRS W-9 form for the Payee.
  • The letter of instruction should include:
    • The bondholder’s stated intent to present the bond for payment
    • The bondholder’s contact information including name, address, phone number, and e-mail address
    • The name and address of the Payee
  • Only original bonds and coupons are accepted for payment. If a bond is lost or stolen, contact the State Treasurer’s Office, Investor Relations line at 1-800-900-3873.
  • Bearer bonds can be registered AND registered bonds can be unregistered. To register or unregister a bond, contact BNY at 1-800-254-2826.
  • If presenting bonds and coupons by mail, bonds and coupons should be sent by registered mail with a return receipt. It is suggested the bondholder acquire mailing insurance. The State Treasurer’s Office and BNY are not responsible for bonds and coupons lost in the mail.

If you have any further questions or concerns, please contact Investor Relations at 1-800-900-3873 or InvestorRelations@treasurer.ca.gov.