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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal A g e n t of the United States

rCircular No. 2 8 2 5 1
U August 11,1944
J

UNITED STATES WAR SAVINGS BONDS, SERIES E
New Denomination Authorized

To all Issuing Agents in the Second Federal Reserve District
Qualified for Sale of Series E War Savings Bonds:

Enclosed for your information is a copy of the First Supplement
dated June 7, 1944, to Treasury Department Circular No. 653, Second
Revision, authorizing an additional denomination of $10 (maturity
value) of Series E War Savings Bonds.
Bonds of this denomination may be purchased only by persons in
the Military and Naval Forces of the United States and will be issued
only through special agencies of the War and Navy Departments.

The

bonds will be redeemable, however, under the same terms and conditions as other Series E War Savings Bonds, and requests for payment
of such bonds may therefore be certified by any person authorized to
certify requests for payment of Savings Bonds.




ALLAN

SPROUL,

President.

UNITED STATES SAVINGS BONDS—SERIES E
WAR SAVINGS BONDS
1944
Department Circular No. 633

TREASURY DEPARTMENT,

Second Revision

^?ment

OFFICE OF THE SECRETARY,

Dureau^fhe^bUc Debt

Washington, June 7,19U.

Department Circular No. 653, Second Revision, dated August 31, 1943, fixing the terms and
governing the issue of United States Savings Bonds of Series E, currently designated War Savings
Bonds, is hereby supplemented, as follows:
1. An additional denomination of $10 (maturity value) is hereby authorized, the issue price of
which will be $7.50: Provided, the bonds of this denomination may be purchased only by persons in
the Military and Naval Forces of the United States, under such conditions as may be prescribed and
through such agencies as may be provided within their respective establishments by the Secretary of
War and the Secretary of the Navy, and Provided further, that on original issue the bonds of this
denomination shall be registered only in the name of any such person either alone or with any other
person added as coowner or designated beneficiary as provided by regulation.
2. The bonds of this denomination may not be obtained on partial redemption of bonds of a
higher denomination; and except for restrictions on purchase and issue, the terms of bonds in the
denomination of $10 now authorized and the conditions of their issue and provisions for their redemption shall conform to those of bonds of Series E of other denominations authorized by said Circular
No. 653, Second Revision.
HENRY MORGENTHAU, Jr.,

Secretary of the Treasury.

TABLE OF REDEMPTION VALUES
showing how bonds of Series E in the denomination of $10 (maturity value) increase in redemption
value during successive half-year periods following issue:
Issue Price, $7.50
Period after
issue date
First % year
% to 1 year
1 to 1V2 years
iy> to 2 years
2 to 2V2 years
2¥> to 3 years
3 to 3% vears
3% to 4 years
4 to 4y> years.-4y2 to 5 years

Redemption value
during period
$7.50
7.50
7.55
7.60
7.65

.




7.70
7.80
7.90
8.00
8.10

Period after
issue date
5 to 5% years
5% to 6 years
6 to 6% years
6% to 7 years_
7 to 7% years

Redemption value
during period
$8.20
8.30
8.40
8.60
8.80

7% to 8 years
8 to 8% years
8% to 9 years
9 to 9% years
9y2 to 10 years.—

AT MATURITY (10 years from issue date)

9.00
9.20
9.40
9.60
9.80
$10.00
16

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U. S . GOVERNMENT PRINTING O F F I C E


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102