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F ederal

reserve

Bank

DALLAS. TEXAS

of

D allas

75222
C ircu lar No. 79-88
May 16, 1979

INCREASE IN THE INTEREST RATES PAID ON SAVINGS BONDS

TO ALL ISSUING AND PAYING AGENTS OF SAVINGS BONDS
IN THE ELEVENTH FEDERAL RESERVE DISTRICT:
Secretary of the T re a s u ry , W. Michael Blumenthal, announced May 10,
1979 that President C arter has approved an increase in the interest rate paid by
the Government on Series E and H savings bonds. Bonds issued on and after
June 1 w ill receive 6 1/2 percent if held to m aturity, which w ill remain at 5 years
for E bonds and 10 years for H bonds. The curren t interest rate is 6 percent.
The annual interest rate on outstanding E and H bonds and U .S . Savings
Notes (Freedom Shares) for the remaining period to their next m aturity w ill also
be increased by 1/2 percent. The improved rate w ill be effective for bonds and
notes which begin a semiannual interest period on and after June 1.
The rate on the recently announced Series EE and HH bonds, which
w ill go on sale in January 1980, w ill also be increased to 6 1/2 percent.
Additional copies of this c irc u la r w ill be furnished upon request to
the Fiscal Agency Department of this Bank, Ext. 6364.

FEDERAL RESERVE BANK OF DALLAS
Fiscal Agent of the United States

Banks and others are encouraged to use the following incoming W ATS numbers in contacting this Bank:
1-800-492-4403 (intrastate) and 1-800-527-4970 (interstate}. For calls placed locally, please use 651 plus
the extension referred to above.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


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