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FEDERAL RESERVE BANK OF N EW YORK Fiscal Agent of the United States r Circular No. 5 9 6 2 ~ l L March 22, 1967 J UNITED STATES SAYINGS BONDS, SERIES E Third Amendment to Treasury Department Circular No. 653 To Issuing and Paying Agents for Series E Savings Bonds in the Second Federal Reserve D istrict: Enclosed is a copy of the Third Amendment, dated February 23, 1967, to Treasury Department Circular No. 653, Seventh Revision, dated March 18, 1966, entitled “ Offering of United States Savings Bonds, Series E .” The amendment grants to owners of Series E bonds with issue dates of June 1,1959, or thereafter, the option of holding the bonds for an extended maturity period of ten years at an annual investment yield of approximately 4.15 per cent, compounded semi annually, except that the Secretary of the Treasury may prescribe a different yield for such bonds with issue dates of December 1, 1959, or thereafter, at any time prior to the publication of tables of redemption values and investment yields for the extended maturity period for those bonds. Tables showing redemption values and investment yields for Series E bonds with issue dates from June 1 through November 1, 1959, are incorporated in the amendment. Additional copies of the amendment will he furnished upon request. A lfred H ayes, President. OFFERING OF UNITED STATES SAYINGS BONDS, SERIES E 1967 Third Amendment to Department Circular No. 653 Seventh Revision, dated March 18, 1966 TREASURY DEPARTMENT, Washington, February 23, 1961 Fiscal Service Bureau of the Public Debt S ection 316.8 o f D epartm ent C ircu lar No. 653, Seventh R evision, dated M arch 18,1966, as amended (31 C F R P a rt 3 16), is hereby furth er amended and revised, as fo llo w s : Sec. 316.8. E x ten d ed term s and im p roved yield s f o r outstanding bonds.— (a ) O ptional exten sion p rivileges. * * * (4 ) B on ds w ith issue dates June 1, 1959, or th ere a fte r.— O wners o f Series E bonds w ith issue dates o f June 1, 1959, or thereafter, have the option o f retaining their bonds fo r an extended m aturity period o f 1 0 years .1 (b ) Im p ro v ed yield s . 2 * * * (5 ) B onds w jih issue dates June 1 .19 59 , th rou gh N ovem b er 1 , 1959.— T h e investment yield on all out standing Series E bonds with issue dates o f June 1 , 1959, through N ovem ber 1, 1959, fo r the rem aining period to the m a turity d ate, was increased b y 410 / o f 1 percent p er annum i f held to origin al m aturity and by lesser amounts i f redeemed earlier. The investm ent yield fo r the exten ded m aturity p eriod w ill be approxim ately 4.15 percent per annum com pounded sem iannually fo r each h alf-yea r period. 1]See footnote 8, Department Circular No. 653, Seventh Revision (31 CFR Part 316). 2 See footnote 2, Department Circular No. 653, Seventh Revision (31 CFR Part 316). See table 50 fo r redem ption values and investment yields. (6 ) B on ds w ith issue dates D ecem b er 1 , 1959, or, th erea fter.— T he investment y ield on all outstand ing Series E bonds with issue dates o f D ecem ber 1, 1959, through N ovem ber 1, 1965, fo r the rem aining p eriod to the m a turity date, was increased b y 4 /10 o f 1 percent per annum i f held to origin al m aturity and b y lesser amounts i f redeemed earlier. T h e in vestment y ield fo r the exten d ed m aturity p erio d fo r bonds bearing issue dates o f D ecem ber 1 , 1959, or thereafter, w ill be approxim ately 4.15 percent per annum com pounded sem iannually f o r each h a lfyear p e r io d : P r o v id ed , h ow ever, T h a t the Secretary o f the Treasury m ay at any tim e p rio r to their m aturity prescribe a different yield fo r such bonds fo r w hich n o tables o f redem ption values and in vestment yields fo r the extended m aturity period have been p reviou sly published. Tables o f redem p tion values and investm ent yields, w h ich are a part o f this circular, w ill be published p erio d ica lly fo r the extended m aturity period fo r bonds bearing issue dates o f Decem ber 1 , 1959, or thereafter. JOH N K. CARLOCK, F iscal A ssistan t S ecreta ry. TABLE 50 BONDS BEARING ISSUE DATES FROM JUNE 1 THROUGH NOVEMBER 1, 1959 Issue price_______ ___________________ Original maturity value________ Period after issue date First Yi year to 1 vear 1 to years 1H to 2 years 2 to 2l 2 years / 2y2 to 3 years 3 to 3]4 years 3}i to 4 years 4 to 4Yi years 4}£ to 5 years 5 to 5}i years 5% to 6 years _ 6 to 6}i years . 6Y to 7 years 2 _ $ 1 8 .7 5 2 5 .0 0 $ 3 7 .5 0 5 0 .0 0 $ 7 5 .0 0 1 0 0 .0 0 $ 1 5 0 .0 0 2 0 0 .0 0 $ 3 7 5 .0 0 5 0 0 .0 0 $ 7 5 0 .0 0 1 ,0 0 0 .0 0 $7, 500 10, 000 (1) Redemption values during each half-year period 1 (values increase on first day of period shown) $18. 18. 19. 19. 19. 20. 20. 21. 21. 21. 22. 22. 23. 23. _ 75 91 19 51 90 28 66 07 50 95 40 86 32 79 $37. 37. 38. 39. 39. 40. 41. 42. 43. 43. 44. 45. 46. 47. 50 82 38 02 80 56 32 14 00 90 80 72 64 58 $75. 75. 76. 78. 79. 81. 82. 84. 86. 87. 89. 91. 93. 95. 00 $150. 00 $375. 00 64 151. 28 378. 20 76 153. 52 383. 80 390. 20 04 156. 08 398. 00 60 159. 20 162. 24 405. 60 12 64 165. 28 413. 20 421. 40 28 168. 56 00 430. 00 172. 00 80 175. 60 439. 00 60 179. 20 448. 00 44 182. 88 457. 20 186. 56 466. 40 28 190. 32 16 475. 80 $750. 756. 767. 780. 796. 811. 826. 842. 860. 878. 896. 914. 932. 951. 00 40 60 40 00 20 40 80 00 00 00 40 80 60 $7, 7, 7, 7, 7, 8, 8, 8, 8, 8, 8, 9, 9, 9, 500 564 676 804 960 112 264 428 600 780 960 144 328 516 Approxim ate investment yield (2) On pur chase price from issue date to be ginning of each halfyear period 1 (3) On cur rent redem p tion value from begin ning of each half-year period 1 to maturity Percent 0. 00 1. 71 2. 33 2. 67 3. 00 3. 16 3. 26 3. 36 3. 45 3. 53 3. 59 3. 64 3. 67 3. 70 Percent *3. 75 *3. 89 *3. 96 *4. 01 *4. 01 *4. 03 *4. 05 *4. 06 *4. 06 *4. 04 *4. 03 *4. 02 *4. 01 t4. 43 Redem ption values and investment yields to maturity on basis of December 1,1965, revision 7 to 7Yi years 7Y years to 7 years and -i 9 months . _ MATURITY VALUE (7 years and 9 months _ from issue date)_ $24. 29 $48. 58 24. 83 49. 66 99. 32 198. 64 25.13 50.26 100.52 201.04 Period after maturity date First year y2 to 1 vear_. 1 to years V/2 to 2 years 2 to 2y2 years 2% to 3 years _ 3 to 3}i years 3}i to 4 years 4 to 4Y years 2 __ _ 4J4 to 5 years 5 to 5Y years_ 2 5Y to 6 years 2 _ _ 6 to 6% years 6% to 7 years 7 to 7y2 years 7}i to 8 years. 8 to 8 y2 years 8]4 to 9 years 9 to 9% years. 9)4 to 10 years EXTENDED MATURITY VALUE (10 years from original maturity date 2 ___ ) ___ $971. 60 $9, 716 3. 73 4. 58 496. 60 993. 20 9, 932 3. 78 4. 86 502.60 1, 005.20 10, 052 3.81 $97. 16 $194. 32 $485. 80 (b) to ex tended maturity E X T E N D E D M A T U R I T Y P E R IO D $25. 25. 26. 26. 27. 27. 28. 29. 29. 30. 30. 31. 32. 32. 33. 34. 34. 35. 36. 37. 13 65 18 73 28 85 43 02 62 23 86 50 15 82 50 20 91 63 37 12 37.89 $50. 26 $100. 52 $201. 04 $502. 60 $1, 005. 20 102. 60 51., 30 205. 20 513. 00 1, 026. 00 52. 36 104. 72 209. 44 523. 60 1, 047. 20 53. 46 106. 92 213. 84 534. 60 1, 069.20 54. 56 109. 12 218. 24 545. 60 1, 091. 20 111. 40 55. 70 222. 80 557. 00 1, 114. 00 56. 86 113. 72 227. 44 568. 60 1, 137. 20 58. 04 116. 08 232. 16 580. 40 1, 160. 80 59. 24 118. 48 592. 40 236. 96 1, 184. 80 60. 46 120. 92 241. 84 604. 60 1, 209. 20 61. 72 123. 44 246. 88 617. 20 1, 234. 40 63. 00 126. 00 252. 00 630. 00 1, 260. 00 64. 30 128. 60 257. 20 643. 00 1, 286. 00 65. 64 131. 28 262. 56 656. 40 1, 312. 80 67. 00 134. 00 670. 00 268. 00 1, 340. 00 68. 40 136. 80 273. 60 684. 00 1, 368. 00 69. 82 139. 64 279. 28 1, 396. 40 698. 20 71. 26 142. 52 712. 60 285. 04 1, 425. 20 72. 74 145. 48 290. 96 727. 40 1, 454. 80 74. 24 148. 48 296. 96 742. 40 1, 484. 80 75.78 151.56 303.12 757.80 1,515.60 $10, 10, 10, 10, 10, 11, 11, 11, 11, 12, 12, 12, 12, 13, 13, 13, 13, 14, 14, 14, 052 260 472 692 912 140 372 608 848 092 344 600 860 128 400 680 964 252 548 848 15, 156 3. 3. 3. 3. 3. 3. 3. 3. 3. 3. 3. 3. 3. 3. 3. 3. 3. 3. 3. 4. 81 83 85 87 88 90 91 92 93 94 95 95 96 97 97 98 99 99 99 00 4.00 *Yield from beginning of each half-year period to maturity at original maturity value prior to the December 1,1965, revision. tYield from effective date of the December 1,1965, revision to maturity date, i 3 month period in the case of the year to 7 year and 9 month period. -17 years and 9 months from issue date. 2 U.S. GOVERNMENT PRINTING OFFICE: 1967 0 — 2 4 7 -7 9 9 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 4. 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 14 14 14 14 15