How are principal and interest payments on TVA bonds made?
TVA makes principal and interest payments electronically on the date the payment is due (or the first business day following a payment date that occurs on a weekend or holiday) through either the Federal Reserve System or The Depository Trust Company, depending upon which system TVA employed in issuing the securities for which payments are being made. These organizations forward payments directly to their participating brokers, banks, or other financial institutions, and these entities in turn forward payments to individual investors.
