(a) A TreasuryDirect [supreg] account owner can purchase a savings bond as a gift with a minor as the recipient.
(b) An account owner can deliver a bond purchased as a gift to a minor. The account owner must deliver the security to the minor's linked account. Once delivered, the bond will be under the control of the custodian of the minor's account. (See Sec. 363.27.) [70 FR 57444, Sept. 30, 2005]