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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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