Municipal Bond Forum
Keeping registered bonds in your possession
Q
I’m thinking of opening an account and would like to know if it’s possible to hold some bonds in my account and have some registered in my name where I physically hold them?
A
James A. Klotz responds:
There is no reason you cannot keep your registered bonds in your possession and continue to receive the interest directly from the paying agent while you maintain a safekeeping or custodial account to hold your book-entry bonds.
If you were to deposit your registered bonds into a safekeeping account, they would be held in “street name.”
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