Quote Originally Posted by Anthony Joseph View Post
Can 'FRNs' be redeemed without use of a 'person' [cf. transmitting utility]?
Hmm... another great question. Well, since according to the code a demand must be made, and since a demand can only be heard by the Treasury or Fed through a "transmitting utility" like a person, then the answer must be, no.

I guess that conclusion also tells me the demand must be made in writing.