Annual Purchase Limit For Savings Bonds Set at $5,000
FOR IMMEDIATE RELEASE
December 3, 2007
The annual limitation on purchases of United States Savings Bonds will be set at $5,000 per Social Security Number, effective January 1, 2008. The limit applies separately to Series EE and Series I savings bonds, and separately to bonds issued in paper or electronic form
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The reduction from the $30,000 annual limit in effect for both series since 2003 was made to refocus the savings bond program on its original purpose of making these non-marketable Treasury securities available to individuals with relatively small sums to invest.
Is the government closing the doors to head off bank runs?
Citibank and other money center banks have imposed limits on customers abilities to use free IIS (inter-institutional) wire transfers of more than $2,500 per month for overnight wires, and no more than $10,000 per month for 3-day wires.
American Express has an "Order limit: There is a maximum order size of $1000.00 that can be purchased within a 14-day period. "
https://www210.americanexpress.com/BOLWeb/bolfeOrder.do?request_type=orderProduct&promotion=AMEX&program=TC00000201&selleracctnbr=2539481999I Hmmm very interesting indeed...
Is that a real account number in that URL?
The doors started closing after 9/11 already, Its also difficult now to setup an international phone/wire Xfer account. Also “off shore” accounts are eliminated. Even Switzerland obeys, The US has a huge influence worldwide in that regard, most people don’t believe it.
American Express won't sell more than $1,000 worth of euros or yen in the U.S.?
That's a pretty sad statement. According to their website, it's to "prevent fraud."
I don't think that selling yen at the high markup that they used to charge was a great business, but refusing to sell reasonable amounts of yen strikes me as downright silly.