Full text of Federal Reserve Bank of New York Circulars : 5625. United States Savings Bonds

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FEDERAL RESERVE BANK
OF N EW YORK

Fiscal Agent of the United States
rCircular No. 5 6 2 5 ~ I
L
March 3, 1965
J

UNITED STATES SAYINGS BONDS
Revisions of Treasury Department Circulars

To Issuing and Paying Agents for Series E Savings Bonds
in the Second Federal Reserve District:

Enclosed are copies of the following Treasury Department Circulars, all dated December
23, 1964:
No. 530, Ninth Revision, Regulations Governing United States Savings Bonds,
No. 653, Sixth Revision, Offering of United States Savings Bonds, Series E, and
No. 905, Third Revision, Offering of United States Savings Bonds, Series H.

These revisions supersede the Eighth, Fifth, and Second Revisions, as amended, of the above
numbered circulars.
Following is the Treasury Department’s explanation of the principal changes that have
been made in the revisions:
Department Circular No. 530, Ninth Revision
In Section 315.2, “ extended maturity date,” ‘ ‘ extended maturity value,” “ face value,” “ repre­
sentative of a minor’s estate,” etc., have been redefined to clarify such definitions. The definition of
“ taxpayer identifying number” has been added.
Section 315.5, on registration, now provides that the information therein is applicable to requests
for reissue as well as original issue and that taxpayer identifying numbers should be furnished when
appropriate. For the guidance of purchasers of Series II bonds, Section 315.7 now includes taxpayer
identifying numbers in the examples.
Subpart F has been rewritten to show more clearly the conditions of and procedure to be followed
for obtaining relief for lost, stolen, destroyed, mutilated, or defaced savings bonds. Section 315.27
contains more specific information on relief in nonreceipt cases.
Subpart G, on interest, has been shortened and brought up to date. It now covers extended
maturities on Series H bonds.
Information on certifying officers has been placed in a new subpart, I, and, in addition to requests
for payment, covers forms with respect to bonds. Section 315.43 includes more specific instructions to
certifying officers.
Section 315.53(a) now recognizes an application for voluntary guardianship for the purpose of
redeeming bonds for expenses already incurred.




(over)

Under Sections 315.54(b), 315.61(b) (formerly 315.60(b)), and 315.65(b) (ii), a bond on which
a minor is named as beneficiary or coowner may be reissued in the name of a custodian for the minor
under a statute authorizing gifts to minors upon the sole request of the adult whose name appears on
the bond as owner or coowner.
Section 315.56(e) and Section 315.61(a)(2) (formerly 3 1 5 .6 0 (b )(1 )) now provide for reissue
in the names of third persons within specified degrees of relationship, and Sections 315.56(d),
315.61 (a)(3), and 315.65(b) (1) (iv) for reissue in the names of trustees of personal trust estates
created by others than owners or coowners where a beneficiary of any such trust is related to an owner
or coowner of bonds within the specified degrees of relationship.
Section 315.71 of the subpart on deceased owners, now Subpart 0 , lists certain short forms that
may be used for obtaining payment or reissue of small amounts of bonds and payment of checks in
small amounts. Section 315.73(a) makes clear that recognition will be given to requests for payment
or reissue made by persons appointed or authorized to receive or distribute assets of decedents’ estates
pursuant to provisions of State laws for handling small estates without regular administration.
Department Circular No. 653, Sixth Revision
Due to the number of complaints received about banks that would not accept albums of savings
stamps, the last sentence of Section 316.6(c), formerly Section 316.10(c), has been revised to show
more clearly that such albums are receivable by authorized issuing agents, in the amount of the affixed
stamps, on the purchase price of Series E bonds.
The tables have been revised to show only current material.
Department Circular No. 905, Third Revision
Material in Sections 332.8 and 332.16, which duplicated information in Department Circular No.
530, were deemed adequately covered by Section 332.3, which provides that the bonds are governed by
the regulations contained in Department Circular No. 530, current revision.
The tables have been revised to show only current material.
*

*

*

#

Additional copies of the enclosures will be furnished upon request.




A

lfred

H

ayes,

President.

UNITED STATES TREASURY DEPARTMENT

REGULATIONS
GOVERNING

UNITED STATES

SAVINGS BONDS




Department Circular No. 530
NINTH REVISION

December 23, 1964

U.S. GOVERNMENT PRINTING OFFICE
WASHINGTON : 1965




TABLE OF CONTENTS
Subpart A—GENERAL INFORMATION
Sec. 315.0— Applicability of regulations.
Sec. 315.1— Official agencies.
Sec. 315.2— Definition of words and terms as
used in these regulations.
Su bp art B — R E G IS T R A T IO N
Sec. 315.5— General.
Sec. 315.6— Restrictions on registration.
(a) Residence.
(b) M inority.
(c) Incom petency.
Sec. 315.7— Authorized forms of registration.
(a) Natural persons.
(1) Single owner.
(2) Coownership form — two persons
(only).
(3) Beneficiary form— two persons
(only).
(b) Fiduciaries and private or public
organizations.
(1) Fiduciaries.
(i) Guardians, custodians, con­
servators, etc.
(ii) Executors, administrators,
etc.
(iii) Trustees.
(a) Will, deed of trust,
agreement or similar
instrument.
(b) Pension, retirement, or
similar fund, or em­
ployees’ s a v i n g s
plan.
(c) Funds of a lodge,
church, society, or
similar organization.
(d) Public officers, corpo­
rations, or bodies.
(e) School, class, or activ­
ity fund.
(iv) I jife tenants.
(v) Investment agents.
(2) Private organizations (corpora­
tions, associations, and part­
nerships, etc.).
(i) A corporation.
(ii) An unincorporated associa­
tion.
(iii) A partnership.
(iv) Institutions (churches, hos­
pitals, homes, schools,
etc.).
(3) Governmental units, agencies,
and officers.




(c) Treasurer of the United States as
coowner or beneficiary.
Sec. 315.8— Unauthorized registration.

Subpart C—LIMITATIONS ON HOLDINGS
Sec. 315.10— Am ount which m ay be held.
(a) Series E.
(b) Series H.
Sec. 315.11— Com putation of amount.
(a) Definition of “ person” .
(b) Bonds that must be included in
computation.
(c) Bonds that m ay be excluded from
computation.
Sec. 315.12— Disposition of excess.

Subpart D—LIMITATION ON TRANSFER
OR PLEDGE
Sec. 315.15— Limitation on transfer or pledge.
Sec. 315.16— Pledge under Departm ent Cir­
culars Nos. 154 and 657.

Subpart E—LIMITATION ON JUDICIAL
PROCEEDINGS — NO STOP­
PAGE OR CAVEATS PER­
MITTED
Sec. 315.20— General.
Sec. 315.21— Payment to judgm ent creditors.
(a) Creditors.
(b) Trustees in bankruptcy and re­
ceivers.
Sec. 315.22— Payment or reissue pursuant to
judgment.
(a) Divorce.
(b) Gifts causa mortis.
(c) Date for determining rights.
Sec. 315.23— Evidence necessary.

Subpart F—RELIEF FOR LOSS, THEFT,
D E S T R U C T IO N , M UTILA­
TION, DEFACEMENT, OR
NONRECEIPT OF BONDS
Sec. 315.25— After receipt by owner or his
representative.
Sec. 315.26— Procedure to be followed.
Sec. 315.27— Nonreceipt of bond.
Sec. 315.28— R ecovery or receipt of bonds
reported lost, stolen, de­
stroyed or not received.

IV

Subpart G—INTEREST
Sec. 315.30— General.
Sec. 315.31— Appreciation bonds.
Sec. 315.32— Current income bonds.
(a) Interest rates.
(b) M ethod of interest payments.
(c) N otices affecting delivery of interest
checks.
(d) Representative appointed for the
estate of a minor, incompetent,
absentee, etc.
(e) Adult incom petent’s estate having
no representative.
(f) Reissue during interest period.
(g) Termination of interest.
(h) Endorsement of checks.
(i) Non receipt or loss of check.

Subpart H—GENERAL PROVISIONS FOR
PAYM ENT AND REDEMP­
TION
Sec. 315.35— Provisions applicable both be­
fore and after maturity.
Sec. 315.36— Before maturity.
(a) At option of owner.
(b) Series E.
(c) Series H, J and K .
(d) Series K: Redem ption at par.
(e) W ithdrawal of request for redemp­
tion.
Sec. 315.37—-At or after maturity.
Sec. 315.38— Requests for payment.
(a) Form and execution of requests.
(b) Date of request.
(c) Identification and signature of owner.
(d) Certification of request.
Sec. 315.39— Presentation and surrender.
(a) All series.
(b) Optional procedure limited to bonds
of Series A to E, inclusive, in the
names of individual owners or
coowners only.
Sec. 315.40— Partial redemption.
Sec. 315.41— Nonreceipt or loss of checks
issued in payment.

Subpart I—CERTIFYING OFFICERS
Sec. 315.42— Persons who m ay certify.
(a) At United States post offices.
(b) A t banks, trust companies, and
branches.
(c) Issuing agents not banks or trust
companies.
(d) Commissioned and warrant officers
of armed forces.
(e) United States officials.
(f) Officers authorized in particular
localities.
(g) In foreign countries.
(h) Special provisions.




Sec. 315.43— General instructions to certify­
ing officers.
Sec. 315.44— Interested person not to certify.

Subpart J—REISSUE AND DENOMINA­
TIONAL EXCHANGE
Sec.
Sec.
Sec.
Sec.
Sec.

315.45— General.
315.46— Requests for reissue.
315.47— Effective date.
315.48— Correction of errors.
315.49— Change of name.

Subpart K—MINORS, IN C O M P E T E N T S ,
AGED PERSONS, ABSEN­
TEES, ETC.
Sec. 315.50— Payment to representative of
estate.
Sec. 315.51— Payment to minors.
Sec. 315.52— Payment to a parent or other
person on behalf of a minor.
Sec. 315.53— Paym ent or reinvestment upon
request of voluntary guardian
of incompetent.
Sec. 315.54— Reissue.

Subpart L—NATURAL PERSON AS SOLE
OWNER
Sec. 315.55— Payment.
Sec. 315.56— Reissue for certain purposes.
(a) Addition of a coowner or beneficiary.
(b) Divorce or annulment.
(c) Certain degrees of relationship.
(d) Trustees.

Subpart M—TWO NATURAL PERSONS AS
COOWNERS
Sec. 315.60— Payment during the lives of
both coowners.
Sec. 315.61— Reissue during the lives of both
co owners.
(a) General.
(b) M inor coowners.
(c) Incom petent coowners.
Sec. 315.62— After the death of one or both
coowners.
Sec. 315.63— Upon death of both coowners in
a common disaster, etc.

Subpart N—TWO NATURAL PERSONS AS
OWNER AND BENEFICIARY
Sec. 315.65— During the lifetime of the regis­
tered owner.
(a) Payment.
(b) Reissue.
Sec. 315.66— After the death of the registered
owner.

V

Subpart O—DECEASED OWNERS
Sec. 315.70— General.
Sec. 315.71—-Special provisions applicable to
small amounts of savings
bonds, interest checks or re­
demption checks.
Sec. 315.72— Estates administered.
(a) In course of administration.
(b) After settlement through court pro­
ceedings.
Sec. 315.73— Estates not administered.
(a) Special provisions under State laws.
(b) Agreement of persons entitled.

Subpart P—FIDUCIARIES
Sec. 315.75— Payment.
Sec. 315.76— Reissue.
(a) In the name of person entitled.
(1) Distribution of trust estate in
kind.
(2) After termination of trust estate.
(3) Upon termination of guardian­
ship estate.
(4) Upon termination of life estate.
(b) In the name of a succeeding fiduciary.
(c) In the name of financial institution
as trustee of com m on trust fund.
Sec. 315.77-—Requests for reissue or payment
prior to m aturity or extended
maturity.
(a) Fiduciaries by title only.
(b) Succeeding fiduciaries.
(c) Boards, committees, etc.
(d) Corporate fiduciaries.
(e) Registration not disclosing trust or
other fiduciary estate.
Sec. 315.78—-Request for payment at or after
maturity.




Subpart Q—P R I V A T E ORGANIZATIONS
(CORPORATIONS, ASSOCIA­
TIONS, P A R T N E R S H I P S ,
ETC.) AND GOVERNMENTAL
AGENCIES, UNITS AND OF­
FICERS
Sec. 315.80—Paym ent to corporations or un­
incorporated associations.
Sec. 315.81— Payment to partnerships.
Sec. 315.82— Reissue or paym ent to suc­
cessors of corporations, un­
incorporated associations, or
partnerships.
Sec. 315.83— Reissue or paym ent on dissolu­
tion of corporation or partner­
ship.
(a) Corporations.
(b) Partnerships.
Sec. 315.84— P a jM n e n t t o i n s t i t u t i o n s
(churches, hospitals, homes,
schools, etc.).
Sec. 315.85— Reissue in name of trustee or
agent for investment pur­
poses.
Sec. 315.86— Reissue upon termination of
investment agency.
Sec. 315.87— Payment to governmental agen­
cies and units.
Sec. 315.88— Payment to Government of­
ficers.

Subpart R—M IS C E L L A N E O U S
SIONS

PROVI­

Sec. 315.90— W aiver of regulations.
Sec. 315.91— Additional requirements; bond
of indemnity; taxpayer iden­
tifying numbers.
Sec. 315.92— Preservation of rights.
Sec. 315.93— Supplements, amendments, or
revisions.

REGULATIONS GOVERNING UNITED STATES SAVINGS BONDS
1064
Department^aKnlax N °. 530

TREASU RY DEPARTM ENT,
W ashington, December 23,1964.

Fiscal Service
Bureau of the Public Debt

Department Circular No. 530, E ighth Revision,
dated December 26, 1957, as amended (31 C F R
315), is hereby further amended and issued as the

A u t h o r i t y : Secs. 315.0 to 315.93 issued under
authority o f Sections 22 and 25 o f the Second
Liberty B ond A ct, as amended, 49 Stat. 21,
as amended, 73 Stat. 621 (31 U .S.C . 757c,
7 5 7 o -l).

Ninth Revision.

Subpart A— GENERAL INFORMATION
Sec.

315.

Applicability

of

regulations.—

Federal Reserve Bank o f Richm ond, R ichm ond,
Virginia 23213.
Baltimore Branch, Baltimore, M aryland
21203.
Charlotte Branch, Charlotte, North Carolina
28201.
Federal Reserve Bank o f Atlanta, Atlanta,
Georgia 30303.
Birmingham Branch, Birm ingham , Alabama
35202. _
Jacksonville Branch, Jacksonville, Florida
32201.
Nashville
Branch. Nashville,
Tennessee
37203.
New Orleans Branch, New Orleans, Louisiana
70160.
Federal Reserve Bank o f Chicago, P.O. B ox 834,
ChicagOj Illinois 60690.
Detroit Branch, P.O. B ox 1059, Detroit,
M ichigan 48231.
Federal Reserve Bank o f St. Louis, P.O . B ox 442,
St. Louis, Missouri 63166.
Little R ock Branch, P.O. B ox 1261, Little
Rock, Arkansas 72203.
Louisville Branch, P.O. B ox 899, Louisville,
Kentucky 40201.
Memphis Branch, P.O . B ox 407, Memphis,
Tennessee 38101.
Federal Reserve Bank o f Minneapolis, Minneapo­
lis, Minnesota 55440.
Helena Branch, Helena, Montana 59601.
Federal Reserve Bank o f Kansas City, Kansas
City, Missouri 64106.
Denver Branch, Denver, Colorado 80217.
Oklahoma City Branch, Oklahoma City,
Oklahoma 73101.
Omaha Branch, Omaha, Nebraska 68102.
Federal Reserve Bank o f Dallas, Station K ,
Dallas, Texas 75222.
E l Paso Branch, P.O. B ox 100, El Paso, Texas
79999.
H ouston Branch, P.O . B ox 2578, Houston,
Texas 77001.
San A ntonio Branch, P.O. B ox 1471, San
Antonio, Texas 78206.

These regulations apply to all United States Sav­
ings Bonds o f whatever series designation (here­
inafter referred to as “ savings bonds” or “ bonds” )
bearing any issue dates whatever, to the extent
specified herein and in the offering circulars g ov ­
erning such bonds. The provisions o f these regu­
lations with respect to bonds registered in the
names o f certain classes o f individuals, fiduciaries,
and organizations are equally applicable to bonds
to which such individuals, fiduciaries, and organi­
zations are otherwise shown to be entitled under
these regulations. The provisions o f Department
Circular No. 300, current revision (31 C F R 306),
have no application to savings bonds.
Sec. 315.1. Official agencies.— The Bureau o f
the P ublic Debt o f the Treasury Department is
charged with matters relating to savings bonds.
Correspondence concerning transactions after
original issue and requests fo r appropriate form s
should be addressed to (1 ) the Federal Reserve
Bank or Branch o f the District in which the corre­
spondent is located., or (2 ) the Bureau o f the
P ublic Debt, D ivision o f Loans and Currency
Branch, 536 South Clark Street, Chicago, Illinois
60605, or (3 ) the Office o f the Treasurer o f the
U nited States, Securities Division, W ashington,
D.C. 20220, except where specific instructions are
otherwise given in these regulations. Notices or
documents not filed in accordance with instruc­
tions in these regulations w ill not be recognized.
'The addresses o f the Federal Reserve Banks and
Branches a re :
Federal Reserve Bank o f Boston, Boston, Massa­
chusetts 02106.
Federal Reserve Bank o f New Y ork, New Y ork,
New Y ork 10045.
B uffalo Branch, Buffalo, New Y ork 14240.
Federal Reserve Bank o f Philadelphia, Philadel­
phia, Pennsylvania 19101.
Federal Reserve Bank o f Cleveland, Cleveland,
Ohio 44101.
Cincinnati Branch, Cincinnati, Ohio 45201.
Pittsburgh Branch, Pittsburgh, Pennsylvania
15230.




(1)

2

refer to payment o f a bond in accordance with
these regulations.
<*).* ‘Personal trust estate” means a trust estate
established by natural persons in their own right
for the benefit o f themselves or other natural per­
sons in whole or in part, and common trust funds
comprised in whole or in part o f such trust estates.
</> “ Presented and surrendered” and “ presen­
tation and surrender” mean the actual receipt o f
a bond, with an appropriate request fo r the partic­
ular transaction, by the Bureau o f the Public
Sec. 315.2. Definition of words and terms as
Debt, Chicago or W ashington office, the Office o f
used in these regulations.
the Treasurer o f the United States, Securities
( a) “ A uthorized issuing agent” means an incor­
Division, or a Federal Reserve Bank or Branch,
porated bank, trust company, savings bank, sav­
or, if the transaction is one which an authorized
ings and loan association, other organization, or
paying agent may handle, receipt by such author­
instrumentality o f the U nited States, qualified as
ized paying agent.
an issuing agent under the provisions o f D epart­
ment Circular No. 657, current revision (31 C F R
( m) “ Representative o f the estate o f a minor,
317).
incompetent, aged person, absentee, etc.,” means
( b ) “ A uthorized paying agent” means an incor­
a guardian, conservator, or similar representative
porated bank, trust com pany, savings bank,
appointed by a court or otherwise legally qualified,
savings and loan association, or other organiza­
regardless o f the title by which designated.
tion qualified as a paying agent under the provi­
These terms do not refer to a voluntary guardian
sions o f Department Circular No. 750, current
recognized under Sec. 315.53, to a natural guard­
revision (31 C F R 321).
ian, such as a parent, including a parent to whom
( c ) “ C ourt” means one which has jurisdiction
custody o f a child has been awarded through d i­
over the parties and subject matter.
vorce proceedings or a parent by adoption, or to the
i d ) “ E xtended m aturity date” is the date on
executor or administrator o f the estate o f a
which a bond w ill mature and cease to bear interest
decedent.
under applicable optional extension provisions.
(w) “ Reissue” means the cancellation and re­
(e)
“ Extended maturity value” is the value o f
tirement o f a bond and issue o f a new bond or
a bond at m aturity under applicable optional ex­
bonds o f the same series, amount (fa ce value) (or
tension provisions.
the remainder thereof in case o f partial redemp­
(O “ Face value” o f a bond refers to the value
tion ), and issue date.
o f the bond as shown on the face thereof.
( g ) “ Incom petent” refers to a person under any
(o)
“ Taxpayer identifying number” means the
legal disability except minority.
appropriate identifying number as required on
( h ) “ M aturity date” means the date on which
tax returns and other documents submitted to the
the bond w ill mature by the terms o f the circular
Internal Revenue Service, i.e., an individual’s so­
offering it fo r sale without regard to any optional
cial security account number or an employer iden­
extension period.
tification number. The social security account
(i) “ Optional extension period” 1 means any pe­
number is composed o f nine digits separated by
riod after m aturity date which the owner may
two
hyphens, fo r example, 123-45-6789; the em­
retain the bonds and continue to earn interest on
ployer identification number is composed o f nine
the maturity value in accordance with the terms
digits separated by one hyphen, for example, 12o f the circular offering such bonds fo r sale.
3456789. The hyphens are an essential part o f the
( j ) “ Paym ent” and “ redemption” are used in­
numbers and must be included.
terchangeably, unless otherwise indicated. They
Federal Reserve Bank o f San Francisco, San
Francisco, C alifornia 94120.
Los Angeles Branch, P.O. B ox 2077, Los
Angeles, California 90054.
Portland Branch, P.O. B ox 3456, Portland,
Oregon 97208.
Salt Lake City Branch, P.O . B ox 780, Salt
Lake City, Utali 84110.
Seattle Branch, P.O. B ox 8567, Seattle,
W ashington 98124.

Subpart B— REGISTRATION
Sec. 315.5. General.— Savings bonds are is­
sued only in registered form . The registration
used on issue or reissue must express the actual
ownership o f and interest in the bond and, except
as otherwise specifically provided in Subpart E
1 All Series E bonds have a 10-year optional extension
period. Those bearing issue dates of May 1,1941, through
May 1, 1949, have a second 10-year optional extension
period. Series H bonds bearing issue dates of June 1,
1952, through January 1. 1957, have a 10-year optional
extension period. Other bonds do not have this feature.




and Section 315.48 o f Subpart J o f these regula­
tions, will be considered as conclusive o f such ow n­
ership and interest. No designation o f an attorney,
agent, or other representative to request or receive
payment on behalf o f the owner or a coowner, nor
any restriction on the right o f the owner or a co ­
owner to receive payment o f the bond or interest,
except as provided in these regulations, may be
made in the registration or otherwise. Registra­
tions requested in applications for purchase or re­
quests fo r reissue should be clear, accurate, and

3
complete, con form with one o f the form s set forth
in this subpart, and include the appropriate tax­
payer iden tifyin g number.2 The registration o f
all bonds owned by the same person, organization,
or fiduciary should be uniform with respect to the
name o f the owner and, in the case o f a fiduciary,
the description o f the fiduciary capacity. The
owner, coowner, or beneficiary should be desig­
nated by the name by which he is ordinarily known
or the one under which he does business, including
preferably at least one fu ll given name. The
name may be preceded by any applicable title,
such as “ D r.” or “ Rev.,” or follow ed by “ M .D .,”
or other similar designation. “ Sr.” or
“ J r.” or a similar suffix should be included, when
ordinarily used or when necessary to distinguish
the owner from a member o f his fam ily. The
name o f a woman must be preceded by “ Miss” or
“ Mrs.,” unless some other applicable title or desig­
nation is used. A married woman’s own given
name, not that o f her husband, must be used, for
example, “ Mrs. M ary A . Jones,” N O T “ Mrs. Frank
B. Jones.” The post office address should include
where appropriate, the number and street, route,
or any other local feature, and the Z I P Code.

Sec. 315.6. Restrictions on registration.
(a) R esid en ce.— Registration o f bonds is re­
stricted on original issue, but not on authorized
reissue, to persons (whether natural persons or
others) who are:
(1) residents o f the United States, its terri­
tories and possessions, the Common wealth
o f Puerto R ico, and the Canal Zone;
(2) citizens o f the U nited States tem porarily
residing abroad; and
(3) civilian employees o f the U nited States or
members o f its xVrmed Forces, regardless o f
their residence or citizenship.
However, other natural persons may be designated
as coowners or beneficiaries with natural persons
o f the above classes, whether on original issue or
reissue, except that registration is not permitted in
any form which includes the name o f any alien
who is resident o f any area with respect to which
tlie Treasury Department restricts or regulates the
delivery o f checks drawn against funds o f the
United States or any agency or instrumentality
thereof.3
( b ) M in o rity .— Bonds purchased by another
person with funds belonging to a minor should
be registered in the name o f the minor without a
coowner or beneficiary. A minor may name a coowner or beneficiary on bonds he purchases with
his wages, earnings, or other funds belonging to
him and under his control. A minor, whether or
not under legal guardianship, may be named as
owner, coowner, or beneficiary on bonds purchased
by another individual with funds other than those
belonging to the minor.
I f there is a representative o f a m inor’s estate,
bonds should be registered in the name o f the
minor, or in the name o f the representative, fol759—687°— 65— — 2




lowed in either case by an appropriate reference to
the guardianship. Bonds purchased by a repre­
sentative o f tw o or more minors, even though
appointed in a single proceeding, should be regis­
tered separately in a form to show each guardian­
ship estate. A bond may be purchased as a g ift
to a minor under a g ifts to minors statute in effect
in a state in which either the donor or the minor
resides, in which case the bond should be registered
as provided in the statute, w ith the addition o f a
parenthetical reference identifying the statute if
the registration does not clearly identify it. R eg­
istration in the name o f a natural guardian is not
authorized. See examples o f form s o f registra­
tion under Sec. 315.7(b ) .
(c)
In c o m p ete n c y .— Bonds should not be reg­
istered in the name o f an incompetent unless there
is a legal representative o f his estate, except under
the provisions o f Sec. 315.53. I f there is a legal
representative, the provisions o f paragraph ( b ) o f
this section apply as to registration in the name o f
the legal representative or in the name o f the
incompetent follow ed by reference to the guard­
ianship.

Sec. 315.7. Authorized forms of registra­
tion.— Subject to any limitations or restrictions
contained in these regulations on the right o f any
person to be named as owner, coowner, or bene­
ficiary, bonds may be registered in the follow ing
fo rm s: 2
(a)
N a tu ra l p er so n s .— In the names o f nat­
ural persons in their own right.
(1) /Single owner. E x a m p le: John A . Jones
123-45-6789.
(2 ) Coownership form — two persons { onl y) .
In the alternative as coowners. Exam ples:
John A . Jones 123-45-6789 or Mrs. Ella S.
Jones.
2 It is not mandatory to include taxpayer identifying
numbers in registrations o f Series E bonds. Issuing
agents for Series E bonds issued under payroll savings
plans wlio desire to place such numbers on the bonds
should obtain instructions from the Bureau o f the Public
Debt, Washington, D.C. 20220. A s the numbers must
be included in Series H bond registrations, except with
respect to such persons and organizations as may be
exempt from furnishing such numbers under the regu­
lations of the Internal Revenue Service, they are shown
in the examples in Sec. 315.7 for guidance. Series H
bonds inscribed in the name o f an individual, with or
without a beneficiary, must show the individual’s social
security account number. The social security account
number of either coowner may be shown on bonds regis­
tered in coownership form, except that if the coowners are
husband and wife, the husband’s number should be shown.
I f the coowners are a minor and an adult, the adult’s
number should be shown. Questions concerning tax­
payer identifying numbers and correct forms of registra­
tion should be submitted to the Federal Reserve Bank
or Branch o f the appropriate district, or to the Bureau of
the Public Debt, Division o f Loans and Currency Branch,
536 South Clark Street, Chicago, Illinois 60605, or to the
Office of the Treasurer of the United States, Securities
Division, Washington, D.C. 20220.
8 See Department Circular No. 655, current revision (31
C FR 21 1).

4
Mrs. E lla S. Jones or John A . Jones 123-459876.
No other form o f registration establishing coownerslup is authorized.
(3 )
Beneficiary form,— two persons ( onl y) .
E xam ples:
John A . Jones 123-45-6789 payable on death
to Mrs. E lla S. Jones.
John A . Jones 123-45-6789 P .O .D . Mrs. Ella
S. Jones.
“ Payable on death” may be abbreviated to
“ P .O .D .” as indicated in the last example. The
first person named is hereinafter referred to as the
owner and the second named person as the bene­
ficiary.
( b j F id u cia ries and p riv a te o r pu blic org a n i­
za tion s.— Only the single owner form o f registra­
tion is available fo r bonds owned by other than
natural persons, and the registration must con­
form to the form s authorized in this subsection.
(1 ) F iduciaries.— In the names o f any per­
sons or organizations, public or private, as fidu­
ciaries, but not where the fiduciary would hold
the bonds merely or principally as security fo r
the performance o f a duty, obligation, or service,
(i)
Guardians, custodians, conservators,
etc.— In the name and title or capacity o f the
legally appointed, designated or authorized
representative or representatives o f the estate
o f a minor, incompetent, aged person, absen­
tee, etc., or in the name o f such individual,
follow ed by an appropriate reference to the
estate and showing the nature o f the legal dis­
ability or referring to the applicable statute.
E xam ples:
W illiam C. Jones, guardian (o r conserva­
tor, trustee, etc.) o f the estate o f James
F. Brow n 123-45-6789, a m inor (or
an incompetent, aged person, infirm per­
son, or absentee).
John Smith 123-45-6789, a minor (or an
incompetent, aged person, infirm person,
or absentee) under legal guardianship
(or conservatorship or trusteeship, etc.)
o f H enry C. Smith.
John Smith 123-45-6789, an adult under
conservatorship o f H enry Smith pursu­
ant to Sec. 572, 1963 Iow a Probate Code.
John Smith 123-45-6789, a m inor (o r in­
competent) under custodianship by desig­
nation o f the Veterans Adm inistration.
John Smith 123-45-6789, an incompetent
for whom H enry C. Sm ith has been desig­
nated trustee by the Department o f the
A rm y pursuant to 37 U .S.C. 351-354.
W illiam C. Jones, as custodian fo r John
Smith 123^5-6789, under the California
U n iform G ifts o f Securities to M inors
A ct.
W illiam C. Jones, as custodian fo r John
Smith 123-45-6789, a m inor, under the




laws o f Georgia (Chapter 48-3, Code o f
Ga. A n n .).
Richard R oe 123-45-6789, a m inor (o r an
incapacitated adult)
beneficiary for
whom Reva R oe has been designated
representative payee by the Secretary o f
Health, Education, and Wrelfare, pursu­
ant to 42 U.S.C. 405( j ) .
(ii) E xecu tors, administrators, etc.
(a ) In the name o f the representative or
representatives o f the estate o f a decedent
appointed by a court or otherwise legally
qualified. The registration should include
the name o f the decedent and the name or
names o f all representatives. The name
and title o f the representative must be fo l­
lowed by adequate identifying reference to
the estate. E x a m p le:
John Smith, executor o f the will (or ad­
ministrator o f the estate) o f Henry ,1.
Smith, deceased 12-3456789.
(b ) In the name o f an executor author­
ized to administer a trust under the terms
o f a will although he is not named as trustee.
E x a m p le:
John Smith, executor o f the will o f
Henry J. Smith, deceased, in trust for
Mrs. Jane Smith, with remainder over
12-3456789.
(iii) Trustees.— In the name and tit le or ca­
pacity (o r title or capacity alone where here­
inafter provided) o f the trustee or trustees o f
a single duly constituted trust estate (which
w ill be considered as an en tity), substantially
in accordance with the examples set forth in
this paragraph. Unless otherwise indicated,
an adequate identifying reference should be
made to the trust instrument or other author­
ity creating the trust. A common trust fund
established and maintained according to law
by a financial institution duly authorized to
act as a fiduciary w ill be considered as a single
duly constituted trust estate within the mean­
ing o f these regulations.
(a )
W ill, deed o f trust, agreement or
similar instruments— Examples :
John Smith and the First National Bank,
trustees under the will o f Henry J.
Smith, deceased 12-3456789.
The Second National Bank, trustee under
an agreement with George E. W hite,
dated February 1,1935 12-3456789.
I f the authority creating the trust desig­
nates by title only an officer o f a board or an
organization as trustee, only the title o f the
officer should be used in the registration.
E x a m p le:
Chairman, Board o f Trustees, First
Church o f Christ, Scientist, o f Chicago,
Illinois, in trust under the will o f
H enry J. Smith, deceased 12-3456789.

5
I f the trustees are too numerous to be
designated in the inscription by names and
capacity, the mimes or some o f the names
may be omitted. E xam ples:
John Smith, H enry J ones, et al., trustees
under the w ill o f H enry J. Smith, de­
ceased 12-3456789.
Trustees under the w ill o f Henry J.
Smith, deceased 12-3456789.
(b ) Pension, retirem ent, or similar fu n d ,
or employees'’ savings plans.— In the name
and title (or title alone) o f the trustee or
trustees o f a pension, retirement, or similar
fund, or an employees’ savings plan. I f the
instrument creating the trust provides that
the trustees shall serve fo r a limited term,
the names o f the trustees may be omitted.
E xam ples:
F irst National Bank and Trust Com ­
pany, trustee o f the Em ployees’ Sav­
ings P lan o f Jones Company, Inc.,
U / A dated Jan. 17, 1959 12-3456789.
Trustees o f the Em ployees’ Savings Plan
o f Johnson Com pany. Inc., U / A dated
Jan. 20, 1964 12-3456789.
First National Bank, trustee o f pension
fund o f Industrial M anufacturing
Company, under agreement with said
company dated March 31, 1949 123456789.
Trustees o f Retirement Fm id o f Indus­
trial M anufacturing Com pany, under
resolution adopted by its board o f
directors on March 31, 1949, 123456789.
(c ) Funds o f a lodge, church. society, or
similar organization.— I f the funds o f a
lodge, church, society, or similar organiza­
tion, whether incorporated or not, are held
in trust by a trustee or trustees or a board
o f trustees, only the capacity should be used
in the registration. Exam ples:
Trustees o f the First Baptist Church,
A kron, Ohio, acting as a Board under
Section 15 o f its by-laws, 12-3456789.
Trustees o f Jamestown Lodge No. 1,000,
Benevolent and Protective Order o f
Elks, under Section 10 o f its by-laws,
12-3456789.
B oard o f Trustees o f the Lotus Club,
W ashington, Indiana, under A rticle
X o f its constitution, 12-3456789.
(d ) Public officers, corporations, or
bodies.— I f a public officer, public cor­
poration, or public body acts as trustee
under express authority o f law, only the
title should be used in the registration.
E xam ples:
Rhode Island Sinking Fund Commission,
trustee o f the General Sinking Fund,
under Ch. 35, Gen. Laws o f R .I.
Superintendent o f the Confederate Home
fo r Men, in trust fo r the Benefit Fund,




under Sec. 3183c, V ernon’s Civil Stats,
o f Texas Ann.
(e)
School, class, or activity fu n d .— I f
the principal or other officer o f a public,
private, or parochial school acts as trustee
for the benefit o f the student body or a class,
group, or activity thereof, only the title
should be used in the registration, and if
the amount purchased fo r any one fund
does not exceed $500 (face valu e), no refer­
ence need be made to a trust instrument.
E xam ples:
Principal, W estern H igh School, in trust
fo r Class o f 1955 Library Fund 123456789.
Director o f Athletics, W estern H igh
School, in trust fo r Student A ctivities
Association under resolution adopted
M ay 12, 1955 12-3456789.
(iv ) L ife tenants.— In the name o f a life
tenant, follow ed by adequate identifying
reference to the instrument creating the life
tenancy. E x a m p le:
Mrs. Jane Smith, life tenant under the will
o f H enry J. Smith, deceased 12-3456789.
(v ) Investm ent agents.— In the name o f a
bank, trust company, or other financial insti­
tution, or individual, holding funds o f a reli­
gious, educational, charitable, or nonprofit
organization, whether or not incorporated, as
agent under an agreement with the organiza­
tion for the sole purpose o f investing and re­
investing the funds and paying the income to
the organization. The name and designation
o f the agent should be follow ed by an ade­
quate identifying reference to the agreement.
E xam ples:
Black County National Bank, fiscal agent
12-3456789, under agreement with the
Evangelical Lutheran Church o f The
H oly Trinity, dated December 28, 1949.
First National Bank and Trust Company,
investment agent 12-3456789, under
agreement dated September 16, 1964,
with Central City Post No. 1000, Depart­
ment o f Illinois, Am erican Legion.
_ (2) P n v a te organizations ( corporations. asso­
ciations, and partnerships, etc.).— In the name
o f any private organization, but not in the names
o f commercial banks, which are defined for this
purpose as those accepting demand deposits.
The full legal name o f the organization, without
mention o f any officer or member by name or
title, should be used, as fo llo w s:
(i)
A corporation.— A business, fraternal,
religious, or other private corporation, fo l­
lowed preferably by the words “ a corporation”
(unless the fact o f incorporation is shown in
the nam e). E xam ples:
Smith M anufacturing Company, a corpora­
tion, 12-3456789.
Jones and Brown, Inc. 12-3456789.

6
(ii) A n unincorporated association.— A n
unincorporated lodge, society, or similar selfgoverning association, follow ed preferably by
the words “ an unincorporated association.”
The term “ an unincorporated association”
should not be used to describe a trust fund, a
board o f trustees, a partnership, or a business
conducted under a trade name or as a sole pro­
prietorship. I f the association is chartered
by or affiliated with a parent organization,
the name or designation o f the subordinate or
local organization should be given first, fo l­
lowed by the name o f the parent organization.
The name o f the parent or national organiza­
tion may be placed in parentheses and, if it is
well known, may be abbreviated. E xam ples:
The Lotus Club, an unincorporated associa­
tion 12-8456789.
Local 447, Brotherhood o f R ailroad Train­
men, an unincorporated association 123456789.
Eureka Lodge No. 317 (A .F . & A .M .), an
unincorporated association, 12-3456789.
(iii) A partnership.— A partnership (w hich
will be considered as an en tity), follow ed by
the words “ a partnership.” Exam ples:
Sm ith and Brown, a partnership 123456789.
Acm e Novelty Com pany, a partnership
_ 12-3456789.
(iv ) Institutions ( c h u r c h e s , hospitals,
homes, schools, e tc .).— In the name o f a
church, hospital, home, school, or similar in­
stitution conducted by a private organization
or by private trustees, regardless o f the man­
ner in which it is organized or governed or
title to its property is held. E xam ples:
Shriners' H ospital fo r C rippled Children,
St. Louis, Missouri 12-3456780.
St. M ary’s Roman Catholic Church, A l ­
bany, New Y ork 12-3456789.

Rodeph Shalom Sunday School, Philadel­
phia, Pennsylvania 12-3456789.
(3 )
Governmental units, agencies, ancl offi­
cers.— In the full legal name or title o f the
owner or official custodian o f public funds,
other than trust funds, as follow s:
(i) A ny governmental unit, as a state, coun­
ty, city, town, village, or school district. E x ­
amples:
State o f Maine.
Tow n o f Rye, New Y ork (Street Im provement F u n d ).
(ii) A ny board, commission, government
owned corporation, or other public body duly
constituted by law. E x a m p le:
M aryland State H ighw ay Commission.
(iii) A ny public officer designated by title
only. E x a m p le:
Treasurer, City o f Chicago.
(c)
T rea su rer o f th e U n ited S ta tes a s c o ­
ow n er o r ben eficiary. — Those a v I i o desire to do so
may make gifts to the United States by designat­
ing the Treasurer o f the U nited States as coowner
or beneficiary. Bonds so registered may not be
reissued to change the designation.
E xam ples:
John A . Jones 123-45-6789 or the Treasurer o f
the United States o f America.
John A. Jones 123-45-6789 P.O .I), the Treasurer
o f the United States o f America.

Sec. 315.8. Unauthorized registration.—A
savings bond inscribed in a form not substantially
in agreement with one o f those authorized by this
subpart will not be considered as validly issued,
except that once it is established that the bond can
be reissued in a form o f registration which is valid
under these regulations it will be considered as
having been validly issued from the date o f o rig ­
inal issue.

Subpart C— LIMITATIONS ON HOLDINGS
Sec. 315.10.

Amount which may be held.—

The amounts o f savings bonds o f each series, issued
in any one calendar year, which may be held by
any one person at any one time, computed in ac­
cordance with the provisions o f Sec. 315.11, are
limited as fo llo w s : 4
(a )
S eries E .— $5,000 (face value) fo r each
calendar year up to and including the calendar
year 1947; $10,000 (face value) fo r the calendar
years 1948 to 1951, inclusive; $20,000 (fa ce value)
fo r the calendar years 1952 to 1956, inclusive;
$10,000 (face value) fo r the calendar year 1957 5
and each calendar year thereafter; except that
trustees o f an employees’ savings plan (as defined
in Department Circular No. 653, current revision)
may purchase $2,000 (face value) m ultiplied by
the highest number o f employees participating in
the plan at any time during the calendar year in
which the bonds are issued.




(6 )
S eries H .— $20,000 (face value) for each
calendar year up to and including the calendar
year 1956; $10,000 (face value) fo r the calendar
years 1957 5 to 1961, inclusive; $20,000 (face value)
for the calendar year 1962 and each calendar year
thereafter.
4 Bonds of Series F, G, J ancl K, no longer available for
purchase, are subject to the limitations on holdings and
rules for computation o f holdings set forth in Secs. 315.8
and : i l "».!) of Department Circular No. 530, Seventh Re­
vision.
5 Effective M ay 1, 1957.
Accordingly, investors who
purchased $20,000 (face value) of bonds of Series E bear­
ing issue dates of January 1 through April 1 were not
entitled to purchase additional bonds o f that series dur­
ing 1957. The same limitation applies to bonds o f Series
H bearing those issue dates. Investors who purchased
less than $10,000 (face value) of bonds of either series
prior to M ay 1 were entitled only to purchase enough of
either series to bring their total for that series for 1!>57
to $10,000 (face value).

7

Sec. 315.11.

Computation of amount.

,(a) Definition of “person.” — The term “ per­
son” fo r purposes o f this section shall mean any
legal entity and shall include but not be limited
to natural persons, corporations (public or p ri­
v a te), partnerships, unincorporated associations,
and trust estates. T he holdings o f each person in­
dividually and his holdings in any^ fiduciary ca­
pacity authorized by these regulations, such as,
fo r example, his holdings as a guardian o f the
estate o f a m inor, as a life tenant, or as trustee
under a w ill or deed o f trust, shall be computed
separately. A pension or retirement fund or an
investment, insurance, annuity or similar fund or
trust w ill be regarded as an entity regardless o f
the number o f beneficiaries or the manner in which
their respective interests are established or deter­
mined. Segregation o f individual shares as a
matter o f bookkeeping or as a result o f individual
agreements with beneficiaries or the express desig­
nation o f individual shares as separate trusts will
not operate to constitute separate trusts under
these regulations.

( b) Bonds that must be included in compu­
tation.— E xcept as provided in paragraph ( c ) o f
this section, there must be taken into account in
com puting the holdings o f each person :
(1 ) A ll bonds registered in the name o f that
person alone;
(2 ) A ll bonds registered in the name o f the
representative o f the estate o f that person;
(3 ) A ll bonds originally registered in the
name o f that person as coowner or reissued at
the request o f the original owner to add the
name o f that person as coowner or to designate
him as coowner instead o f as beneficiary. H ow ­
ever, the amount o f bonds o f Series E and II
held in coownersliip form may be applied to the
holdings o f either o f the coowners but w ill not
be applied to both, or the amount may be appor­
tioned between them.

(2) Bonds in which his interest is only that o f
a beneficiary under a tru st;
(3) Bonds to which he has become entitled
under Sec. 315.66 as surviving beneficiary upon
the death o f the registered owner, as an heir or
legatee o f the deceased owner, or by virtue o f
the termination o f a trust or the happening o f
any other event;
(4) Bonds o f Series E purchased with the
proceeds o f matured bonds o f Series A , C-1938,
and D , where such matured bonds were pre­
sented fo r that purpose;
(5) Bonds o f Series E bearing issue dates
from M ay 1, 1941, to December 1, 1945, inclu­
sive, held by individuals in their own right
which are not more than $5,000 (face value) in
excess o f the prescribed lim it;
(6) Bonds o f Series E or II reissued under
Sec. 315.61(a) (1) ;
(7) Bonds o f Series E or H reissued in the
name o f a trustee o f a personal trust estate
which did not represent excess holdings prior to
such reissue;
(8) Bonds o f Series E or II purchased with
the proceeds o f bonds o f Series F, G, J, or K ,
at or after maturity, where such matured bonds
are presented fo r that purpose in accordance
with the provisions o f Department Circulars
Nos. 653, current revision (31 C F R 316), offer­
ing bonds o f Series E , and 905, current revision
(31 C F R 332), offering bonds o f Series H ;
(9 ) Bonds o f Series II issued in exchange for
bonds o f Series E , F , or J under the provisions
o f Department Circular No. 1036, as amended.

Sec. 315.12. Disposition of excess.— I f any
person at any time acquires savings bonds issued
during any one calendar year in excess o f the pre­
scribed amount, the excess must, be immediately
surrendered fo r refund o f the purchase price, less
(in the case o f current income bonds) any interest
which may have been paid thereon, or fo r such
(c) Bonds that may be excluded from com­
other adjustment as may be possible. F or good
putation.— There need not be taken into account:
cause found the Secretary o f the Treasury may
(1 )
Bonds on which that person is named permit excess holdings to stand in any particular
beneficiary;
case or class o f cases.

Subpart D— LIMITATION ON TRANSFER OR PLEDGE
Sec. 315.15. Limitation on transfer or
pledge.— Savings bonds are not transferable and
are payable only to the owners named thereon, ex­
cept as specifically provided in these regulations,
and then only in the manner and to the extent so
provided. A savings bond may not be hypothe­
cated, pledged as collateral, or used as security for
t he perform ance o f an obligation, except as p ro­
vided in Sec. 315.16.

Sec. 315.16. Pledge under Department Cir­
culars Nos. 154 and 657.— A bond may be pledged




by the registered owner in lieu o f surety under the
provisions o f Department Circular No. 154, cur­
rent revision (31 C F R 225), i f the bond approving
officer is the Secretary o f the Treasury, in which
case an irrevocable power o f attorney shall be
executed authorizing the Secretary o f the Treas­
ury to request payment. A bond may also be
deposited as security with a Federal Reserve Bank
under the provisions o f Department Circular No.
657, current revision (31 C F R 317), by an institu­
tion certified under that circular as an issuing
agent for Series E bonds.

Subpart E—LIM ITATION ON JUDICIAL PROCEEDINGS— NO STOPPAGE OR
CAVEATS PERMITTED
Sec. 315.20. General.— N o judicial determina­
tion w ill be recognized which would give effect to
an attempted voluntary transfer inter vivos o f a
bond or would defeat or im pair the rights o f sur­
vivorship conferred by these regulations upon a
surviving coowner or beneficiary, and all other
provisions o f this subpart are subject to this re­
striction. Otherwise, a claim against an owner or
coowner o f a savings bond and conflicting claims
as to ownership o f, or interest in, such bond as
between coowners or betw'een the registered owner
and beneficiary w ill be recognized, when estab­
lished by valid judicial proceedings, upon presen­
tation and surrender o f the bond, but only as
specifically provided in this subpart.
Neither the Treasury Departm ent nor any
agency fo r the issue, reissue, or redemption o f sav­
ings bonds will accept notices o f adverse claims or
o f pending judicial proceedings or undertake to
protect the interests o f litigants who do not have
possession o f a bond.
Sec. 315.21. Payment to judgment creditors.
(a) Creditors.— Paym ent (but not reissue) o f
a savings bond registered in single ownership, coownership, or beneficiary form w ill be made to the
purchaser at a sale under a levy or to the officer
authorized to levy upon the property o f the reg­
istered owner or coowner under appropriate proc­
ess to satisfy a money judgm ent. Paym ent will be
made to such purchaser or officer only to the extent
necessary to satisfy the judgm ent and will be
limited to the redemption value current sixty days
after the termination o f judicial proceedings.
Payment o f a bond registered in coownership form
pursuant to a judgm ent or levy against only one
o f the coowners will be limited to the extent o f that
coow n ers interest in the b on d; this interest may
be established by an agreement between the co­
owners or by a judgm ent, decree, or order o f court
entered in a proceeding to which both coowners are
parties.

to eliminate the name o f one spouse as owner, coowner, or beneficiary, or to substitute the name o f
one spouse fo r that o f the other as owner, coowner,
or beneficiary pursuant to such a decree. The
evidence required under Sec. 315.23 must be sub­
mitted in any case. W here the decree does not
set out the terms o f the property settlement agree­
ment a certified copy o f the agreement must also
be submitted. I f bonds are registered with a per­
son other than one o f the spouses as owner or co­
owner there must be submitted either a request
fo r reissue by such person or a certified copy o f a
judgment, decree, or order o f court entered in a
proceeding to which he was a party, determining
the extent o f the interest in the bond held by the
spouse whose name is to be eliminated, and reissue
w ill be permitted only to the extent o f the spouse's
interest in the bonds. Payment rather than reis­
sue will be made if requested.
(b) Gifts causa mortis.— A bond belonging
solely to one person w ill be paid or reissued on
the request o f the person found by a court to be
entitled thereto by reason o f a g ift causa mortis
by the sole owner.
(c ) Date for determining rights.— F or the
purpose o f determining whether or not reissue
shall be made under this section pursuant to ju d i­
cial proceedings, the rights o f all parties involved
shall be those existing under these regulations at
the time o f the entry o f the final judgment, decree,
or order.

Sec. 315.23. Evidence necessary.— T o estab­
lish the validity o f judicial proceedings, there must
be submitted certified copies o f a final judgment,
decree, or order o f court and o f any necessary sup­
plementary proceedings. I f the judgment, decree,
or order o f court was rendered more than six
months prior to the presentation o f the bond, there
must also be submitted a certificate from the clerk
o f the court, under its seal, dated within six
months o f the presentation o f the bond showing
( b ) Trustees in bankruptcy and receivers.—
that the judgment, decree, or order o f court is in
Payment o f a savings bond will be made to a
full force. A request fo r payment by a trustee
trustee in bankruptcy, a receiver o f an insolvent’s
in bankruptcy must be supported by duly certified
estate, a receiver in equity, or a similar officer o f
evidence o f his appointment and qualification. A
the court, under the applicable provisions o f sub­
request fo r payment by a receiver o f an insolvent’s
section (a) o f this section, except that payment
estate must be supported by a copy o f the order
will be made at the redemption value current on
appointing him, certified by the clerk o f the court,
the date o f payment.
under its seal, as being in full force on a date not
Sec. 315.22. Payment or reissue pursuant to
more than six months prior to the date o f the
judgment.
presentation o f the bond. A request fo r payment
(a)
Divorce.— A decree o f divorce ra tifyin g or by a receiver in equity or a similar officer o f the
confirm ing a property settlement agreement or
court, other than a receiver o f an insolvent’s estate,
otherwise settling the respective interests o f the
must be supported by a copy o f an order authoriz­
parties in a bond w ill not be regarded as a pro­
ing him to present the bond fo r redemption, cer­
ceeding givin g effect to an attempted voluntary
tified by the clerk o f the court, under its seal, as
transfer under the provisions o f Sec. 315.20. Con­
being in full force on a date not more than six
sequently, reissue o f a savings bond may be made
months prior to the presentation o f the bond.




9

Subpart F —RELIEF FOR LOSS, THEFT, DESTRUCTION, MUTILATION,
DEFACEM ENT, OR NONRECEIPT OF BONDS
Sec. 315.25. After receipt by owner or his
representative.— R elief, either by the issue o f a
substitute bond marked “ D U P L I C A T E ” or by
payment, may be given under Section 8 o f the A ct
o f Ju ly 8, 1937, as amended (50 Stat. 481, as
amended; 31 U .S.C . 738a) fo r the loss, theft, de­
struction, m utilation, or defacement o f a bond after
receipt by the owner or his representative. In
granting relief under the act, the Secretary o f the
Treasury m ay require a bond o f indemnity in such
form and with such surety as may be deemed nec­
essary fo r the protection o f the United States o f
Am erica. In all cases the bond must be identified
and the applicant must submit satisfactory evi­
dence o f loss, theft, or destruction, or a satisfactory
explanation o f the mutilation or defacement. R e­
lief on account o f loss or theft ordinarily w ill not
be granted until six months after the date o f receipt
by the Bureau o f the Public Debt o f the notice o f
such loss or theft.

Sec. 315.26. Procedure to be followed.— Im ­
mediate notice o f the facts concerning the loss,
theft, destruction, mutilation, or defacement o f a
bond, together with its complete description
(series, year and month o f issue, serial number,
name and address o f the registered owner or coow ners), should be given to the Bureau o f the
Public Debt, D ivision o f Loans and Currency
Branch. D efaced bonds and all available fra g ­
ments o f mutilated l>onds in any form whatsoever
should be submitted. That office will furnish the
proper application form and instructions.

The application must be made by the person or
persons (including both coowners, i f liv in g ), au­
thorized under these regulations to request pay­
ment o f the bond, except as fo llo w s :
(1) I f the bond is in beneficiary form and the
owner and beneficiary are both living, both ordi­
narily will be required to join in the application.
(2) I f a minor named on a bond as owner,
coowner, or beneficiary is not o f sufficient com ­
petency and understanding to request payment,
both parents ordinarily will be required to join
in the application.

Sec. 315.27. Nonreceipt of bond.— I f a bond,
on original issue or on reissue, is not received from
the issuing agent by the registered owner or other
person to whom delivery o f the bond was directed,
the issuing agent should be notified as prom ptly
as possible and given all inform ation available
about the transaction. The agent w ill then obtain
appropriate instructions and forms. A fte r ap­
proval o f the application fo r relief, relief w ill be
granted by the issuance o f a bond, bearing the
same issue date as the bond which was not received.
Sec. 315.28. Recovery or receipt of bonds re­
ported lost, stolen, destroyed or not received.—
I f a bond reported lost, stolen, destroyed, or not
received, is recovered or received before relief is
granted, the Bureau o f the P ublic Debt, D ivision
o f Loans and Currency Branch, should be notified
prom ptly. I f recovered or received after relief is
granted, the bond should be surrendered prom ptly
to the same office fo r cancellation.

Subpart G— INTEREST
Sec. 315.30. General.— Savings bonds are is­
sued in tw o form s: (1 ) appreciation bonds, issued
on a discount basis and redeemable before final
m aturity at increasing fixed redemption values;
and (2) current income bonds, issued at par, bear­
ing interest payable semiannually 0 and redeem­
able before final maturity at par or at fixed re­
demption values less than par.
Sec. 315.31. Appreciation bonds.— Bonds is­
sued on a discount basis increase in redemption
value at the end o f the first half-year from issue
date and at the end o f each successive half-year
“ The final interest on bonds of Series H bearing issue
dates of June 1, 1952, through January 1, 11)57, covers a
period of two months, from iP/j yea rs to 9 years, 8 months.
Bonds so dated will continue to earn interest for a 10year optional extension period, during which time interest
will accrue and be paid beginning six months from the
original maturity date, in accordance with the provisions
o f Department Circular No. 905, current revision. Since
M ay 1, 1957, the only current income bonds on sale are
those of Series II. ‘See Department Circulars Nos. 654,
Third Revision, as amended, for Series G. and 906, as
amended, for Series K.




period thereafter until their maturity date, when
the full face amount becomes payable.7 Bonds o f
Series E bearing issue dates o f M ay 1, 1941,
through M ay 1, 1949, will continue to increase in
redemption value after the m aturity date for
twenty years and those bearing issue dates begin­
ning with June 1, 1949, fo r ten years after the
maturity date, in accordance with the provisions
7 Series E bonds issued on or before April 30, 1952, and
Series F bonds, the sale of which was terminated April
30, 1952, increased in redemption value at the end o f the
first year from issue date; Series E bonds issued on and
after May 1, 1952, and Series J bonds, the sale of which
began on May 1, 1952, increased in redemption value at
the end of the first half-year from issue date. The last
increase in redemption value of Series E bonds issued on
or after May 1, 1952, prior to the start o f the 10-year
optional extension i>eriod covers these periods: two
months, from 9 % years through 9 years, 8 months, for
bonds issued before February 1, 1957; five months, from
8 V2 years through 8 years, 11 months, for bonds issued
on or after February 1. 1957, but before June 1, 1 9 5 9 ;
and three months, from 7 1/4 years through 7 years, 9
months, for bonds issued on or after June 1, 1959.

10
o f Department C ircular No. 653, current revision .8
The increment in value (interest) on appreciation
bonds is payable only on redemption o f the bonds.
Sec. 315.32. C u rren t in com e bonds.
(a ) Interest rates.— The interest payable on a
current income bond is fixed by the provisions o f
the Department circular offering the particular
series o f bonds to the pu blic .6
(b) Method of interest payments.— Interest
due on a current income bond is payable semi-an­
nually beginning six months from its issue date
and w ill be paid on each interest payment date by
check drawn to the order o f the person or persons
in whose names the bond is inscribed, in the same
form as their names appear in the inscription on
the bond, and m ailed to the address o f record
(that given fo r the delivery o f interest checks in
the application fo r purchase or the request fo r re­
issue or, if no instruction is given as to the de­
livery o f interest checks, the address given fo r the
owner or the first-named coow n er), except th a t:
( 1 ) In the case o f a bond registered in the
form “ A payable on death to B ” the check will
be drawn to the order o f “ A ” alone until the
Bureau o f the Public Debt, D ivision o f Loans
and Currency Branch, receives notice o f A ’s
death, from which time the payment o f interest
will be suspended until the bond is presented
fo r payment or reissue. Interest so withheld
will be paid to the person found to be entitled
to the bond.
( 2 ) U pon receipt o f notice o f the death o f
the coowner to whom interest is being mailed,
payment o f interest will be suspended until a
request fo r change o f address is received from
the other coowner, i f living, or, if not, until
satisfactory evidence is submitted as to w ho is
authorized to endorse and collect such checks on
behalf o f the estate o f the last deceased coowner
in accordance with the provisions o f Subpart O.
(3 ) U pon receipt o f notice o f the death o f
the owner o f a bond, payment o f interest on the
bond will be suspended until satisfactory evi­
dence is submitted as to who is authorized to
endorse and collect such checks on behalf o f the
estate o f the decedent, in accordance with the
provisions o f Subpart O.
(4) W henever practicable the accounts fo r
all current income bonds o f the same series, with
the same inscription, on which interest is pay­
able on the same dates, will be consolidated and
a single check will be issued on each interest
payment date fo r interest on all such bonds.
The check inscription may vary from the in­
scriptions on the bonds in cases o f very long
inscriptions or where there is lack o f uniform ity
in the inscriptions on the bonds.
(5 ) The interest due at m aturity in the case
o f bonds fo r which an optional extension p rivi­
8 See Tables of Redemption Values
for extended maturity values.
6 See page 9.




of

that circular

lege has not been granted and a t the extended
maturity date fo r all bonds fo r which an o p ­
tional extension privilege has been granted will
be paid with the principal and in the same man­
ner. H owever, i f the registered owner o f a bond
in beneficiary form dies on or after the due date
without having presented and surrendered the
bond fo r payment or authorized reissue, and is
survived by the beneficiary, the interest may be
paid to the legal representative o f or the person
entitled to the registered owner's estate. T o
obtain such payment, the bond with a request
therefor by the beneficiary should be submitted
together with evidence as required in Subpart O.

(c) Notices affecting delivery of interest
checks.— Notices affecting the delivery o f interest
checks, including changes in addresses, should be
sent to the Bureau o f the Public Debt, Division
o f Loans and Currency Branch, 536 South Clark
Street, Chicago, Illinois 60605.
Each bond
should be described in the notice by issue date,
serial number, series (in clu din gyea r o f issue), and
inscription appearing on the face o f the bond. The
bonds should not be submitted. The notice must be
signed by the owner or a coowner, or in the case
o f a minor or incompetent as provided in (d ) or
(e ) o f this section. A notice which would affect
delivery o f an interest check will be acted upon
as rapidly as possible, but if the notice is not re­
ceived at least one month before an interest pay­
ment date, no assurance can be given that action
can be taken in time to make the change, or sus­
pend the mailing o f the interest due on that date.

(d) Representative appointed for the estate
of a minor, incompetent, absentee, etc.— Inter­
est on current income bonds will be paid to the
representative appointed fo r the estate o f the
owner o f such bonds who is a minor, incompetent,
absentee, etc., in accordance with the provisions o f
Sec. 315.50 relating to payment o f the bonds. H ow ­
ever, i f the registration o f the bonds does not in­
clude reference to the owner’s status, the bonds
should be submitted to the Bureau o f the Public
Debt, D ivision o f Loans and Currency Branch,
at the address shown in (c ) o f this section, or to
a Federal Reserve Bank fo r appropriate reissue
so that interest checks may be properly drawn and
delivered. They must be accompanied by the p roof
o f appointment required by Sec. 315.50.

( e ) Adult incompetent's estate having no
representative.— I f an adult owner o f a current
income bond is incompetent to endorse and collect
the interest checks and no legal guardian or simi­
lar representative is legally qualified to do so, the
relative responsible fo r his care and support, or
some other appropriate person, may apply to the
Bureau o f the Public Debt, Division o f Loans and
Currency Branch, for recognition as voluntary
guardian for the purpose o f receiving, endorsing,
and collecting the checks. Form P I) 2513 should
be used in m aking application fo r this purpose.
(/) Reissue during interest period.— Physical
reissue o f a bond will be made as soon as practi-

11
cable without regard to interest payment dates.
case o f partial redemption with respect to the
I f a current income bond is reissued bet ween inter­
amount redeemed.
est payment dates, interest fo r the entire period
(h) Endorsement of checks.— Interest checks
will ordinarily be paid on the next interest pay­
may be collected upon the endorsement o f the
ment date, by check drawn to the order o f the per­
payee or his authorized representative in accord­
son in whose name the bond is reissued. However,
ance with the regulations governing the endorse­
if reissue is made during the month preceding an
ment and payment o f Government warrants and
interest payment date, the interest due on the first
checks, which are contained in Department C ir­
day o f the next month may in some cases be paid
cular No. 21, current revision (31 C F R 360). A
to the form er owner or the representative o f his
form for the appointment o f an attorney in fact
estate.
for this purpose may be obtained from the Office
(g)
Termination of interest.— Interest on cur­ o f the Treasurer o f the U nited States or from any
rent income bonds will cease at maturity, or ex­
Federal Reserve Bank. I f the owner is incom­
tended m aturity in the case o f bonds for which an
petent or deceased and no legal representative o f
his estate has been or w ill be appointed, the Bureau
optional extension period has been granted, or in
o f the Public Debt, Division o f Loans and Cur­
case o f redemption prior to maturity, 011 the last
rency Branch (address given in (c) o f this sec­
day o f the interest period immediately preceding
tion ), or a Federal Reserve Bank will furnish
the date o f redemption, except that, if the date o f
instructions upon request.
redemption falls on an interest payment date,
(i) Nonreceipt or loss of check.— I f an inter­
interest will cease 011 that date. F or example, if
est check is not received or is lost after receipt, the
a bond 011 which interest is payable on January 1
Bureau o f the Public Debt, D ivision o f Loans and
and July 1 is redeemed on September 1, interest
Currency Branch, should be notified o f the facts
will cease 011 the preceding July 1, and 110 adjust­
and given inform ation concerning the amount,
ment o f interest will be made fo r the period from
number, and inscription o f the bonds, as well as a
description o f the check, if possible.
July 1 to September 1. The same rules apply in

Subpart H— GENERAL PROVISIONS FOR P AYM EN T AND REDEMPTION
Sec. 315.35. Provisions applicable both be­
fore and after maturity.9— Payment o f a savings
bond will be made to the person or persons entitled
thereto under the provisions o f these regulations
upon presentation and surrender o f the bond with
an appropriate request fo r payment, except that
checks in payment will not be delivered to ad­
dresses in areas with respect to which the Treasury
Department restricts or regulates the delivery o f
checks drawn against funds o f the United States
or any agency or instrumentality thereof .3 P ay­
ment will be made without regard to any notice o f
adverse claims to a bond and no stoppage or caveat
against payment in accordance with the registra­
tion will be entered.

Sec. 315.36.

Before maturity.

( « ) At option of owner.— Pursuant to its
terms, a savings bond may not be called for re­
demption by the Secretary o f the Treasury prior
to maturity date, or extended maturity date in case
o f bonds fo r which an optional extension period
has been granted, but may be redeemed in whole 01*
in part at the option o f the owner prior to matu­
rity, or extended maturity, under the terms and
conditions set forth in the offering circular for
each series and in accordance with the provisions
o f these regulations, follow in g presentation and
surrender as provided in this subpart.
<JBonds of Series A through D and Series F and G have
all now matured. They earn 110 interest after maturity.
Any such bonds which have not been redeemed .should be
presented for payment.
3 See footn ote on p. 3.




(b)
Series E.—A bond o f Series E w ill be re­
deemed at any time after two months from issue
date without advance notice, at the appropriate
redemption value as shown in the revision o f D e­
partment Circular No. 653 current at the time o f
redemption.
i(c) Series H , J and K .— A bond o f Series J or
K will be redeemed on one calendar m onth’s notice
and a bond o f Series I I will be redeemed after six
months from issue date on one calendar m onth’s
notice to a Federal Reserve Bank or Branch, or the
Bureau o f the Public Debt, D ivision o f Loans and
Currency Branch, or the Office o f the Treasurer o f
the LTnited States, Securities Division. Such n o­
tice may be given separately in w riting or by pre­
senting and surrendering the bond with a duly
executed request fo r payment. Paym ent w ill be
made as o f the first day o f the first month follow ­
ing by at least one full calendar month the date o f
receipt o f notice. F or example, i f notice is re­
ceived on June 1 , payment w ill be made as o f July
1 , but i f notice is received between June 2 and July
1 , inclusive, payment ordinarily will be made as o f
August 1 . I f notice is given separately, the bond
must be presented and surrendered with a duly ex­
ecuted request for payment to the same agency to
which notice is given, not less than 20 days before
the date on which payment is to be made. F or
example, if notice is received on June 15, the bond
should be received not later than July 12 . (See
Sec. 315.32 (g ) for provisions as to interest on cur­
rent income bonds redeemed prior to m aturity.)

12

A bond o f Series II w ill be redeemed at P A R . A
bond o f Series J or Iv w ill be redeemed at the ap­
propriate redemption value as shown in the table
printed on the bond, except as provided in ( d) ,
below. ( See Sec. 315.37 fo r provisions as to notice
to redeem current income bonds fo r which an op ­
tional extension period has been granted.)

(d) Series K : Redemption at par.
( 1 ) A bond o f Series K issued in exchange for
matured bonds o f Series E under the provisions
o f Department Circular No. 906 is payable
at par.
( 2 ) A bond o f Series Iv registered in the name
o f a natural person or persons in their own right
w ill be paid at par upon the request o f the per­
son entitled to the bond upon the death o f the
owner or either coowner.
(3) A bond o f Series K held by a trustee, life
tenant, or other fiduciary (exclusive o f trustees
o f a pension, retirement, investment, insurance,
annuity or similar fund, or employees’ savings
plan) w ill be paid at par upon appropriate re­
quest upon the termination, in whole or in part,
o f a trust, life tenancy, or other fiduciary estate
by reason o f the death o f a natural person, but
in the case o f partial termination, redemption at
par will be made to the extent o f not more than
the pro rata portion o f the trust or fiduciary es­
tate so terminated. Bonds o f Series K held by a
financial institution in its name as trustee o f its
common trust fund will be paid at par upon the
request o f the fiduciary upon the termination, in
whole or in part, o f a participating trust by rea­
son o f the death o f a natural person, to the extent
o f not more than the pro rata portion o f the
common trust fund so terminated.
The option to receive payment at par under subparagraph ( d) (2 ) and (3 ) o f this section may be
exercised by a signed request fo r payment or by
express written notice, in either case specifying
that redemption at par is desired. Payment may
be postponed to the second interest payment date
follow in g the date o f death, i f so requested; other­
wise, payment w ill be made in regular course. A
death certificate or other acceptable evidence o f
death must be submitted. In no case o f redem p­
tion at par before m aturity under subparagraph
(d ) (2) and (3) mill Interest be payable beyond
the second interest paym ent date follow in g the
date o f death.

(e) Withdrawal of request for redemption.—
A n owner who has presented and surrendered a
savings bond to the Treasury Department or a
Federal Reserve Bank or Branch, or an authorized
paying agent, fo r payment, with an appropriate
request fo r payment, may withdraw such request
i f notice o f intent to withdraw is given to and re­
ceived by the same agency to which the bond was
presented prior to the issuance o f a check in pay­
ment by the Treasury Department or a Federal
Reserve Bank, or payment by the authorized paying agent. Such request may be withdrawn under




the same conditions by the executor or adminis­
trator o f the estate o f a deceased owner, or by the
person or persons entitled to the bond under Sub­
part O, or by the representative o f the estate o f a
person under legal disability, unless presentation
and surrender o f the bond have cut off rights o f
survivorship under the provisions o f Subpart M
or Subpart N.

Sec. 315.37. At or after maturity.— Pursuant
to its terms, a savings bond o f any series w ill be
paid at or after maturity at the m aturity value
fixed by the terms o f the Department Circular
offering the particular series o f bonds to the pub­
lic, current at the time o f redemption, and in no
greater amount. N o advance notice w ill be re­
quired fo r the redemption o f matured savings
bonds except that any current income bond for
which an optional extension period has been pro­
vided w ill, beginning with the first day o f the
third calendar month follow in g the calendar
month in which the bond originally matured, be
regarded as unmatured until it reaches its ex­
tended maturity date, and the same notice prior
to redemption w ill be required fo r it as required
fo r bonds o f the same series which have not
reached original maturity.
Sec. 315.38. Requests for payment.
(a) Form and execution of requests.—A re­
quest for payment o f a bond must be executed on
the form appearing on the back o f the bond un­
less ( 1 ) the bond is accepted by an authorized
paying agent fo r payment or fo r presentation to
a Federal Reserve Bank fo r payment without the
owner’s signature to the request fo r payment under
the provisions o f Department Circular No. 888,
current revision (31 C F R 330), or (2) authority
is given fo r the execution o f a separate or detached
request.
( b ) Date of request.— O rdinarily, requests
executed more than six months before the date o f
receipt o f a bond fo r payment w ill not be accepted;
nor w ill a bond ordinarily be accepted fo r redemp­
tion more than three calendar months prior to the
date redemption is requested under these regula­
tions.

(c) Identification and signature of owner.—
Unless the bond is presented under the provisions
o f paragraph (a) o f this section or Sec. 315.30(6),
an owner in whose name the bond is inscribed or
other pei-son entitled to payment under the pro­
visions o f these regulations must appear before
and establish his identity to an officer authorized
to certify requests fo r payment (see Subpart I ) ,
and in the presence o f such officer sign the request
fo r payment in ink, adding in the space provided
the address to which the check issued in payment
is to be mailed. A signature made by mark ( X )
must be witnessed by at least one disinterested
person in addition to the certifying officer and
must be attested by endorsement in the blank space,
substantially as follow s: “ W itness to the above

13
signature by mark,” follow ed by the signature
and address o f the witness. I f the name o f the
owner or other person entitled to payment as it
appears in the registration or in evidence on file
in the Bureau o f the Public Debt, D ivision o f
Loans and Currency Branch, has been changed
by marriage or in any other legal manner, the
signature to the request fo r payment should show
both names and the manner in which the change
was made, fo r example, “ Mrs. M ary T . Jones Smith
(M rs. M ary T. J. Smith or Mrs. M ary T . S m ith),
changed by m arriage from Miss M ary T. Jones,”
or “ John R. Y oung, changed by order o f court
from Hans R . Jung.” (See Sec. 315.49.) No re­
quest signed in behalf o f the owner or person en­
titled to payment by an agent or a person actingunder a power o f attorney w ill be recognized by
the Treasury Department, except when the bond
has been pledged in lieu o f surety under D epart­
ment Circular No. 154, current revision (31 C F R
225), as provided in Sec. 315.16.
(d)
Certification of request.— A fte r the re­
quest fo r payment has been signed by the owner,
the certifying officer should complete and sign the
certificate follow in g the request fo r payment and
the bond should then be presented and surrendered
as provided in Sec. 315.39(a).

Sec. 315.39.
(а) All

Presentation and surrender.

series.— E xcept

fo r cases com ing
within the provisions o f paragraph (b ) o f this
section, after the request fo r payment has been duly
signed by the owner and certified as provided in
Subpart I, the bond should be presented and sur­
rendered to ( 1 ) a Federal Reserve Bank or Branch,
(2) the Bureau o f the Public Debt, Division o f
Loans and Currency Branch, or (3) the Office o f
the Treasurer o f the United States, Securities D i­
vision. Usually payment will be expedited by
surrender to a Federal Reserve Bank or Branch.
In all cases presentation will be at the expense and
risk o f the owner. Payment will be made by check
drawn to the order o f the registered owner or other
person entitled and mailed to the address given in
the request fo r payment or, if no address is given,
to the address shown in instructions accom panying
the bond.

(б) Optional procedure limited to bonds of
Series A to E, inclusive, in the names of individ­

ual owners or coowners only.— A natural person
whose name is inscribed on the face o f a bond o f
Series A , B, C, D , or E, either as owner or coowner
in his own right, may present such bond fo r re­
demption to an authorized paying agent. I f such
a person is not known to the paying agent, he must
establish his identity to the agent.
(See Sec.
315.43.) Such owner or coowner must sign the
request for payment, and add his home or busi­
ness address. Even though the request for pay­
ment may have been signed, or signed and certified,
before presentation o f the bond, the representative
o f the paying agent must be satisfied that the per­
son presenting the bond fo r payment is the owner
or coowner and may require him to sign the re­
quest fo r payment again. I f the bond is in order
for payment, the paying agent will make imme­
diate payment at the appropriate redemption value
without charge to the owner or coowner. This
procedure is not applicable to partial redemption
cases, or deceased owner cases, or other cases in
which documentary evidence is required.

Sec. 315.40. Partial redemption.— A bond o f
any series may be redeemed in part at current re­
demption value, but only in amounts correspond­
ing to authorized denominations, upon presenta­
tion and surrender o f the bond in accordance with
Sec. 315.39{ a). In any case in which partial re­
demption is authorized, before the request for pay­
ment is signed the phrase “ to the extent o f
$------------- (face value) and reissue o f the remain­
der” should be added to the first sentence o f the
request. U pon partial redemption o f the bond, the
remainder will be reissued as o f the original issue
date, as provided in Subpart J. F or payment o f
interest on current income bonds in case o f partial
redemption, see Subpart G.
Sec. 315.41. Nonreceipt or loss of checks is­
sued in payment.— In case a check in payment o f
a bond surrendered for redemption is not received
within a reasonable time or in case such check is
lost after receipt, notice should be given to the
same agency to which the bond was surrendered
for payment, accompanied by a description o f the
bond by series, denomination, serial number, and
registration. The notice should state whether or
not the check was received and should give the date
upon which the bond was surrendered for payment.

Subpart I— CERTIFYING OFFICERS
Sec. 315.42. Persons who may certify.— The
following persons are authorized to act as certify ­
ing officers fo r the purpose o f certifyin g requests
fo r payment and form s with respect to bonds:
(a)
At United States post offices.— A n y post­
master, acting postmaster, or inspector in charge
or other post office official or clerk designated for
that purpose. One or more o f these officials will
be found at every United States post office, classi­
fied branch, or station. A post office official or clerk




other than a postmaster, acting postmaster, or in­
spector in charge should certify in the name o f the
postmaster or acting postmaster, follow ed by his
own signature and official title, for example, “ John
Doe, postmaster, by R ichard Roe, postal cashier.”
Signatures o f these officers should be authenticated
by a legible imprint o f the post office dating stamp.

(6)
At banks, trust c o m p a n i e s , and
branches.— A n y officer o f any bank or trust com ­
pany incorporated in the U nited States (includ-

14
ing fo r tliis purpose its territories and possessions
and the Commonwealth o f Puerto R ico ) or domes­
tic or foreign branch o f such bank or trust com ­
pany ; any officer o f a Federal Reserve Bank, Federal Land Bank, and Federal H om e Loan B ank;
any employee o f any such bank or trust company
expressly authorized by the corporation fo r that
purpose, who should sign over the title “ D esig­
nated E m ployee” ; and Federal Reserve Agents
and Assistant Federal Reserve Agents located at
the several Federal Reserve Banks. Certifications
by any o f these officers or designated employees
should be authenticated by either a legible im­
pression o f the corporate seal o f the bank or trust
com pany or, in the case o f banks or trust com ­
panies and their branches which are authorized
issuing agents fo r bonds o f Series E , by a legible
im print o f the issuing agent’s dating stamp.

( c ) Issuing agents not banks or trust com­
panies.— A n y officer o f a corporation not a bank
or trust com pany and o f any other organization
which is an authorized issuing agent fo r bonds o f
Series E . A ll certifications by such officers must be
authenticated by a legible im print o f the issuing
agent’s dating stamp.

( d ) Commissioned and warrant officers of
Armed Forces.— Commissioned and warrant o f ­
ficers o f any o f the A rm ed Forces o f the United
States, but only fo r members and the families o f
members o f their respective services and civilian
employees at Posts or Bases or Stations. Such
certifyin g officer should indicate his rank and state
that the person signing the request is one o f the
class whose request he is authorized to certify.
(e ) United States officials.— Judges, clerks,
and deputy clerks o f U nited States courts, includ­
ing United States courts fo r the territories, posses­
sions, the Commonwealth o f Puerto R ico, and the
Canal Z on e; U nited States Commissioners;
U nited States A ttorneys; U nited States Collectors
o f customs and their deputies; Regional Commis­
sioners and District Directors o f Internal Revenue
and Internal Revenue agents; the officer in charge
o f any home, hospital, or other facility o f the V et­
erans Adm inistration, but only fo r patients and
employees o f such facilities; certain officers o f
Federal penal institutions designated fo r that pur­
pose by the Secretary o f the Treasury; certain
officers o f the U nited States P ublic Health Service
H ospitals at Lexington, K entucky, and F ort
W orth, Texas, and o f United States Marine H os­
pitals at F ort Stanton, New M exico, and Carville,
Louisiana, designated fo r that purpose by the Sec­
retary o f the Treasury (in each case, however, only
fo r inmates or employees o f the institution in­
v olv ed ).

D irector o f Adm inistrative Services o f Am erican
Sam oa; the Governor, paymaster, or acting pay­
master and collector or acting collector o f the
Panama Canal; and postmasters and acting post­
masters o f the Bureau o f Posts o f the Canal Zone.
(g) In foreign countries.— In a foreign coun­
try requests fo r payment may be signed in the
presence o f and be certified by any U nited States
diplom atic or consular representative, or the man­
ager or other officer o f a foreign branch o f a bank
or trust company incorporated in the United
States whose signature is attested by an impression
o f the corporate seal or is certified to the Treasury
Department. I f such an officer is not available,
requests fo r payment may be signed in the pres­
ence o f and be certified by a notary or other officer
authorized to administer oaths, but his official
character and jurisdiction should be certified by a
U nited States diplom atic or consular officer under
seal o f his office.
(h) Special provisions.— In the event none o f
the officers authorized to certify requests fo r pay­
ment o f bonds is readily accessible, the Commis­
sioner o f the Public Debt, the Deputy Commis­
sioner o f the Public Debt in Charge o f the Chicago
Office, the Treasurer o f the U nited States, or any
Federal Reserve Bank or Branch is authorized to
make special provision fo r any particular case.

Sec. 315.43. General instructions to certify­
ing officers.— A certifyin g officer should require
that a person presenting bonds, or form s with
respect thereto, establish his identity by positive
and reliable evidence before the bonds or form s
are signed, unless the presenter is personally well
known to the officer. Such officer and, i f he is an
officer or employee o f an organization, the orga­
nization will be held fu lly responsible fo r the ade­
quacy o f the identification. The certifying officer
should place an adequate notation on the back o f
the bond or form , or on a separate record, showing
exactly how identification was established. The
certifying officer must affix to the certification his
official signature, title, seal or dating stamp, ad­
dress ( i f not shown in the seal or stam p), and the
date o f execution. Officers o f Veterans Adm inis­
tration Facilities, Public Health Service H ospi­
tals, Marine Hospitals, and Federal penal institu­
tions should use the seal o f the particular institu­
tion or service, where such seal is available. A
certifying officer other than a post office official,
officer o f a bank or trust company, or officer o f an
issuing agent who does not possess an official seal
should add a statement to that effect to his cer­
tification.

( f ) Officers authorized in particular localities.— Certain designated officers in the Treasury

Sec. 315.44. Interested person not to cer­
tify.— A certifyin g officer may not certify a re­

Departm ent; the G overnor and Treasurer o f
Puerto R ic o ; the G overnor and Commissioner o f
Finance o f the V irgin Islands; the Governor and
D irector o f Finance o f G uam ; the G overnor and

quest fo r payment o f a bond, or a form with re­
spect to a bond, in which he has or is acquiring
an interest, either in his own right o r in a repre­
sentative capacity.




15
Subpart J— REISSUE AND DENOM INATIONAL EXCHANGE
Sec. 315.45. General.— Reissue o f a bond may
be made only under tlie conditions specified in
these regulations. Reissue is not authorized solely
fo r the purpose o f effecting an exchange as be­
tween authorized denominations, but in case o f
authorized reissue the new bond or bonds may be
issued in any authorized denomination or denom­
inations.
Reissue w ill not be made if the request therefor
is received less than one full calendar month be­
fore the maturity date, except for bonds o f Series
E and H fo r which optional extension periods
have been provided in Department Circulars Nos.
653 and 905, current revisions (31 C F R 316 and
332). In the case o f such bonds, reissue will not
be made i f the request is received less than one
fu ll month before the extended maturity date.
However, a request fo r reissue o f a bond received
prior to its maturity, or its extended maturity
date, will be effective to establish ownership as
though the requested reissue had been made.
A request fo r reissue o f a bond received on or
after its maturity, or its extended maturity date,
w ill not be effective to name a coowner or bene­
ficiary or to prom ote a beneficiary to a coowner,
but requests fo r reissue in the names o f persons
who have become entitled by operation o f law will
be recognized as establishing the right o f those
persons to receive payment.
Reissues under the provisions o f this subpart
may be made only at (1 ) a Federal Reserve Bank
or Branch, ( 2 ) the Bureau o f the P u blic Debt,
D ivision o f Loans and Currency Branch, or (3)
the Office o f the Treasurer o f the U nited States,
Securities Division.
Sec. 315.46. Requests for reissue.— A request
for reissue should be made on the prescribed form

by the person authorized under these regulations
to make such request. A ppropriate form s may be
obtained from any Federal Reserve Bank, the
Office o f the Treasurer o f the United States, or
the Bureau o f the Public Debt, D ivision o f Loans
and Currency Branch.

Sec. 315.47. Effective date.— In any case o f
authorized reissue, the Treasury Department will
treat the receipt by ( 1 ) a Federal Reserve Bank or
Branch, or ( 2 ) the Bureau o f the P ublic Debt,
D ivision o f Loans and Currency Branch, or (3)
the Office o f the Treasurer o f the U nited States,
Securities Division, o f a bond and an appropriate
request for reissue thereof as determining the date
upon which the reissue is effective. I f the owner
or either coowner o f a bond dies after he has pre­
sented and surrendered the bond for authorized re­
issue, the bond will be regarded as though reissued
in the decedent's lifetime.
Sec. 315.48. Correction of errors.— Reissue o f
a bond may be made to correct an error in the
original issue, upon appropriate request supported
by satisfactory p roof o f the error.
Sec. 315.49. Change of name.— A n owner,
coowner, or beneficiary whose name is changed by
marriage, divorce, annulment, order o f court, or in
any other legal manner after the issue o f a bond
should submit the bond with a request on Form
P D 1474 for reissue to substitute the new name fo r
the name inscribed on the bond. The signature to
the request for reissue should show the new name,
the manner in which the change was made and the
form er name. I f the change o f name was made
other than by marriage, the request must be sup­
ported by satisfactory p roof o f the change.

Subpart K— MINORS, INCOMPETENTS, AGED PERSONS,
ABSENTEES, ETC.
Sec. 315.50. Payment to representative of
estate.— I f the form o f registration o f a savings
bond indicates that the owner is a minor, an in­
competent, aged person, absentee, etc., and that
there is a representative o f his estate, payment will
be made to such representative. D uring the life­
time o f such owner, the representative o f his estate
will be recognized as entitled to obtain payment o f
a bond registered in the name o f the ward as owner
or coowner, or o f a bond to which the ward has
become entitled. A fte r the death o f such owner,
his representative, so long as he is authorized to act
for the estate, w ill be entitled to obtain payment o f
a bond to which the ward was solely entitled. I f
the form o f registration does not indicate there is
a representative o f the estate o f a m inor owner or
coowner, a notice that there is such a representa­
tive w ill not be accepted fo r the purpose o f pre­




venting payment to the minor or to a parent or
other person on behalf o f the minor, as provided
in Secs. 315.51 and 315.52.
The request for payment appearing on the back
o f a bond should be signed by the representative
as such, for example, “ John A . Jones, guardian
(committee) o f the estate o f H enry W . Smith, a
minor (an incom petent).” Unless the form o f
registration gives the name o f the representative
requesting payment, a certificate, or a certified
copy o f the letters o f appointment, from the court
m aking the appointment, under court seal, or other
p roof o f qualification i f not appointed by a court,
should be submitted with the bond.

Sec. 315.51. Payment to minors.— I f the
owner o f a savings bond is a m inor and the form
o f registration does not indicate that there is a

16
representative o f his estate, payment will be made
to him upon his request, provided he is o f sufficient
competency to sign his name to the request fo r
payment and to understand the nat ure o f the trans­
action. In general, the fact that the request fo r
payment has been signed by a minor and duly
certified w ill be accepted as sufficient p ro o f o f com ­
petency and understanding.

Sec. 315.52. Payment to a parent or other
person on behalf of a minor.— I f the owner o f a
savings bond is a minor and the form o f registra­
tion does not indicate that, there is a representa­
tive o f his estate, and i f such m inor owner is not
o f sufficient competency to sign his name to the
request fo r payment and to understand the nature
o f the transaction, payment will be made to either
parent o f the m inor with whom he resides or, if
the minor does not reside with either parent, then
to the person who furnishes his chief support. His
parent or the person furnishing his ch ief support
should execute the request fo r payment and fu r­
nish a certificate, which may be typed or written
on the back o f the bond, as to his right to act for
the minor. I f a parent signs the request, the cer­
tificate and signature thereto should be in sub­
stantially the follow in g fo r m :
“ I certify that I am the mother (or father)
o f John C. Jones and the person w ith whom ho
resides. H e i s ________ years o f age and is not
o f sufficient competency and understanding to
make this request.
“ Mrs. M ary Jones on behalf o f
John C. Jones.”
I f a person other than a parent signs the request,
the certificate and signature thereto, including a
reference to the person’s relationship, i f any, to
the minor, should be in substantially the follow ing
fo r m :
“ I certify that John C. Jones does not reside
with either parent and that I furnish his chief
support. H e i s ________ years o f age and is not
o f sufficient competency and understanding to
make this request.
“ Mrs. A lice Brow n, grandmother,
on behalf o f John C. Jones.”

Sec. 315.53. Payment or reinvestment upon
request of voluntary guardian of incompe­
tent.— I f the adult owner o f bonds is incompetent
to request and receive payment thereof and no
other person is legally qualified to do so, the rela­
tive responsible fo r his care and support or some
other person may submit an application as volun­
tary guardian fo r redemption o f the bonds in the
follow in g cases:




(a)
W here the proceeds o f the bonds are needed
to pay expenses already incurred, or to be incurred
during any 90-day period, fo r the support o f the
incompetent or his legal dependents, bonds be­
longing to the incompetent, not exceeding $ 1,000
(face value), may be submitted fo r redem ption;
.(& ) W here the bond has matured and it is de­
sired to redeem it and reinvest the proceeds in
savings bonds. The proceeds o f any matured ap­
preciation type bonds ordinarily will be required
to be reinvested in Series E bonds. The proceeds
o f matured current income bonds may be invested
in Series H or Series E bonds. The new bonds
must be registered in the name o f the incompetent
follow ed by the words “ an incompetent.” A living
coowner or beneficiary named on the matured
bonds must be designated on the new bonds unless
he is a competent adult and furnishes a certified
statement consenting to omission o f his name. I f
an amount insufficient to purchase an additional
bond o f any authorized denomination o f any series
remains after the reinvestment, the voluntary
guardian may, i f he so desires, furnish additional
funds sufficient to purchase another bond o f either
series in the lowest available denomination. I f
additional funds are not furnished, the remaining
amount will be paid to the voluntary guardian for
the use and benefit o f the incompetent.
Sec. 315.54. Reissue.— A bond o f which a
m inor or other person under legal disability is the
owner or in which he has an interest may be re­
issued upon an authorized reissue transaction un­
der the follow ing conditions:
(а ) A minor o f sufficient competency to sign his
name to the request and to understand the nature
o f the transaction may request reissue to add a
coowner or beneficiary to a bond registered in his
name alone or to which he is entitled in his own
right.
( б) A bond on which a minor is named as bene­
ficiary or coowner may be reissued in the name o f
a custodian fo r the minor under a statute au­
thorizing g ifts to minors upon the request o f the
adult whose name appears on the bond as owner
or coowner.
(c) E xcept to the extent provided in (a) and
(5 ) o f this section, reissue will be restricted to a
form o f registration which does not adversely a f­
fect the existing ownership or interest o f the minor
or such other person. Requests for reissue should
be executed by the person authorized to request
payment imder Secs. 315.50 and 315.52, or who
may request recognition as voluntary guardian
under Sec. 315.53 and in the same manner.

17
Subpart L— NATURAL PERSON AS SOLE OWNER
Sec. 315.55. Payment.— A savings bond regis­
tered in the name o f a natural person in his own
right, without a coowner or beneficiary, will be
paid to him during his lifetim e under Subpart H.
Upon the death o f the owner such bond will be
considered as belonging to his estate and w ill be
paid under Subpart O, except as otherwise p ro­
vided in these regulations.
Sec. 315.56.

Reissue for certain purposes.—

A savings bond registered in the name o f a natural
person in his own right may be reissued upon ap­
propriate request by him (subject to the provisions
o f Sec. 315.54), upon presentation and surrender
during his lifetim e, fo r the follow in g purposes:

(a) Addition of a coowner or beneficiary.—

T o name another natural person as coowner or as
beneficiary. Form P I) 1787 should be used.
( b ) Divorce or annulment.— T o name as regis­
tered owner the other party to a divorce or annul­
ment occurring after issue o f the bond. Form P I)
3360 should be used.
(c) Certain degrees of relationship.— T o
name as registered owner a person related to the
owner as provided in Sec. 315.61(a) ( 1 ) ( i ) , with
a beneficiary or coowner, i f so desired. Form P D
3360 should be used.
(d) Trustees.— T o name the trustee o f ( 1 ) a
personal trust estate created by the owner, or ( 2 )
a personal trust estate created by other than the
owner if a beneficiary o f the trust and the owner
are related as provided in Sec. 3 1 5 .6 1 (# ) ( l ) ( i ) .
Form P D 1851 should be used.

Subpart M—TWO NATURAL PERSONS AS COOWNERS
Sec. 315.60. Payment during the lives of
both coowners.— A savings bond registered in

section, with a coowner or beneficiary, i f so
desired.
coownership form , for example, “ John A . Jones
(F orm P D 1938 should be used for any o f the
above classes.)
or Mrs. M ary C. Jones,” will be paid to either upon
his separate request, and upon payment to him the
(3)
In the name o f a trustee o f (i) a personal
other shall cease to have any interest in the bond.
trust estate created by either coowner, or (ii) a
I f both request payment jointly, payment will be
personal trust estate created by other than a co ­
made by check drawn to their order jointly, for
owner if a beneficiary o f the trust is related to
example, “ John A . Jones A N D Mrs. M ary C.
either coowner as provided in (a) ( 1 ) (i) o f this
section.
Jones.”
Form P D 1851 should be used.
Sec. 315.61. Reissue during the lives of both
(b) Minor coowners.— A request fo r reissue
coowners.
(a)
General.—A bond registered in coowner­ signed by a minor coowner o f sufficient competency
ship form may be reissued upon its presentation
to sign his name to the request and understand the
and surrender during the lifetim e and competency
nature o f the transaction, and fo r whose estate no
o f both coowners, upon the request o f both, as
representative has been appointed, will be recog­
fo llo w s :
nized if the bond is to be reissued in his name alone,
(1) In the name o f either coowner, alone or
or in his name with a new coowner or beneficiary.
with a new coowner or beneficiary—
A request for reissue to eliminate the other co(i) I f the coowner whose name is to remain
owner, signed in behalf o f a m inor coowner by the
on the bond is related to the coowner whose
representative o f his estate will be recognized;
name is to be eliminated as: husband, w ife;
however, a request to eliminate the name o f the
parent, child (including ste p ch ild ); brother,
minor will be recognized only i f supported by evi­
sister (including the h alf blood, stepbrother,
dence that a court has ordered the representative
stepsister, or brother or sister through adop­
to request such reissue (see Sec. 315.23). A m inor
tion) ; grandparent, grandchild; great grand­
coowner for whose estate no representative has
parent, great gran dch ild: uncle, aunt, nephew,
been appointed may be promoted to sole owner
niece (including a child o f a brother or sister
upon the request o f the competent coowner. A
o f the present spouse) ; granduncle, grandcompetent coowner may, upon his own request,
aunt, grandnephew, grandniece; father-inhave the bond reissued to remove his name and
law, mother-in-law, son-in-law, daughter-inname a custodian fo r the minor under a statute
law : brother-in-law, sister-in-law.
authorizing g ifts to minors.
(ii) I f one o f them marries after issue o f
(c) Incompetent coowners.— Reissue w ill not
the bond.
be made if one coowner is incompetent and a rep­
(iii) I f they are divorced or legally sepa­
resentative o f the incompetent’s estate has not
rated from each other, or their marriage is
been appointed, except to add “ an incompetent”
annulled, after issue o f the bond.
after his name or to eliminate the other coowner
(2) In the name o f a third person related to
from the registration. I f there is a representa­
either coowner, as provided in («•) ( 1 ) (i) o f this
tive, the provisions o f paragraph ( b) o f this sec-




18
tion apply as to liis execution o f a request for
reissue.

Sec. 315.62. After the death of one or both
coowners.— I f either coowner dies without the
bond having been presented and surrendered for
payment or authorized reissue, the survivor will
be recognized as the sole and absolute owner.
Thereafter, payment or reissue w ill be made as
though the bond were registered in the name o f
the survivor alone (see Subpart L ) , except that
a request fo r reissue by him must be supported by
p ro o f o f death o f the other coowner, and except
further that after the death o f the survivor p roof
o f death o f both coowners and o f the order in
which they died w ill be required. The presenta­
tion and surrender o f a bond by one coowner for

payment establishes his right to receive the p ro­
ceeds o f the bond, and i f he should die before the
transaction is completed, payment w ill be made
to the legal representative o f, or persons entitled
to, his estate in accordance with the provisions o f
Subpart O. I f either coowner dies after the bond
has been presented and surrendered fo r author­
ized reissue (see Sec. 315.47), the bond will be re­
garded as though reissued during his lifetime.

Sec. 315.63. Upon death of both coowners in
a common disaster, etc.— I f both coowners die
under such conditions that it cannot be established
either by presumption o f law or otherwise which
died first, the bond w ill be considered as belong­
ing to the estates o f both equally, and payment
or reissue w ill be made accordingly. (See Sub­
part O .)

Subpart N— TWO NATURAL PERSONS AS OW NER AND BEN EFICIAR Y
Sec. 315.65. During the lifetime of the regis­
tered owner.— A savings bond registered in bene­
ficiary form , fo r example, “ John A . Jones payable
on death to Mrs. M ary C. Jones,” w ill be paid or
reissued upon presentation and surrender during
the lifetim e o f the registered owner, as follow s:
( а) P a y m e n t.— The bond w ill be paid to the
registered owner during his lifetim e upon his
properly executed request as though no beneficiary
had been named in the registration. The presenta­
tion and surrender o f the bond by the registered
owner fo r payment establishes his exclusive right
to the proceeds o f the bond, and i f he should die
before the transaction is completed, payment will
be made to the legal representative o f, or the per­
sons entitled to, his estate upon receipt o f proof
o f the appointment and qualification o f the repre­
sentative or the identity o f the persons entitled, in
accordance with the provisions o f Subpart ().
( б ) R eissu e.
(1 )
The bond w ill be reissued on a duly cer­
tified request o f the ow n er:
(i) T o name the beneficiary designated on
the bond as coowner. F orm PD 1787 should
be used.
(ii) T o eliminate his name as owner and
to name as owner a custodian fo r the bene­
ficiary, i f a minor, under a statute authoriz­
ing gifts to minors. F orm PD 3360 should
be used.




(iii) T o eliminate the beneficiary, to sub­
stitute another person as beneficiary, or to
name another person as coowner, if the re­
quest o f the owner is supported by the bene­
ficiary’s duly certified consent to elimination
o f his name or by p ro o f o f his death .10 Form
PI) 1787 should be used.
(iv ) In the name o f a trustee o f (1 ) a per­
sonal trust estate created by the owner, or
( 2 ) a personal trust estate created by other
than the owner i f the owner and a beneficiary
o f the trust are related as provided in Sec.
315.61 (a) (1) ( i ) , and the request o f the owner
is supported by the duly certified consent o f
the beneficiary, or by p ro o f o f his death . 10
Form PD 1851 should be used by the owner
and the beneficiary.

Sec. 315.66. After the death of the regis­
tered owner.— I f the registered owner dies with­
out the bond having been presented and surren­
dered fo r payment or authorized reissue and is
survived by the beneficiary, upon p ro o f o f death
o f the owner the beneficiary will be recognized as
the sole and absolute owner, and payment or re­
issue w ill be made as though the bond were regis­
tered in his name alone (see Subpart. L ).
10 The provisions of this section do not apply to bonds
on which the Treasurer of the United States of America
is named as beneficiary.

19

Subpart O— DECEASED OWNERS
Sec. 315.70. General.— U pon the death o f the
owner o f a savings bond who is not survived by a
coowner or designated beneficiary and who had
not during his lifetim e presented and surrendered
the bond fo r payment or an authorized reissue, the
bond will be considered as belonging to his estate
and will be paid or reissued accordingly as herein­
after provided, except that reissue under this sub­
part will not be permitted if otherwise in conflict
with these regulations. I f the person entitled is an
alien who is a resident o f an area with respect to
which the Treasury Department restricts or regu­
lates the delivery o f checks drawn against funds
o f the United States o f Am erica or any agency or
instrumentality thereof, payment of, and interest

$100
500
500

_____
No adm inistration___
Estate being administered____
Estate settled _ _

Sec. 315.72.
(a) In

of

administration.— I f

the
estate o f a decedent is being administered in court,
the bond will be paid to the duly qualified repre­
sentative o f the estate or will be reissued in the
names o f the persons entitled to share in the estate,
upon the request o f the representative and com ­
pliance with the follow in g requirements:
(1) W here there are two or more legal repre­
sentatives, all must join in the request fo r pay­
ment or reissue, except as provided in Secs.
315.77 and 315.78.
( 2 ) The request fo r pajnnent or reissue should
be signed in the form , fo r example, “ John A.
Jones, administrator o f the estate (or executor
o f the w ill) o f Ilen ry W . Jones, deceased,’* and
must be supported by p roof o f the representa­
tive’s authority in the form o f a court certificate
or a certified copy o f the representative’s letters
o f appointment. The certificate or the certifica­
tion to the letters must be under seal o f the court
and, except in the case o f a corporate representa­
tive, must contain a statement that the appoint­
ment is in full force and should be dated within
six months o f the date o f presentation o f the
bond, unless the certificate or letters show that
the appointment was made within one year im­
mediately prior to such presentation.
(3) In case o f reissue the legal representative
o f the estate should certify that each person in
whose name reissue is requested is entitled to the
extent specified fo r each and has consented to
such reissue. A request for reissue by the legal
representative should be made on Form P D
1455. I f a person in whose name reissue is re­
3 See page 3 fo r footnote.




or the authority to dispose o f, a small amount o f
bonds and checks issued in payment thereof or in
payment o f interest thereon, belonging to the
estate o f a decedent, may be established through
the use o f certain short forms, according to the
aggregate face amount o f bonds and checks in­
volved (excluding checks representing interest on
the bon ds), as indicated by the follow ing table:
To be executed by—

P D 2210 .........Person who paid burial expenses.
P D 2 4 8 8 -1 _____ 1 Executor or administrator.
P D 24 58________ 1 Former executor or administrator,
qualified person.
1

Estates administered.

course

Sec. 315.71. Special provisions applicable to
small amounts of savings bonds, interest
checks or redemption checks.— Entitlement to,

Form

Circumstances

Amount

on, a bond will not be made so long as the restric­
tion applies .3 A creditor is entitled only to pay­
ment o f a bond to the extent o f not more than his
claim.

attorney

or

other

quested desires to name a coowner or beneficiary,
such person should execute an additional request
for that purpose, using Form P D 1787.

(b )
After settlement through court proceed­
ings.— I f the estate o f the decedent has been set­
tled in court, the bond will be paid to, or reissued
in the name of, the person entitled thereto as deter­
mined by the court. The request for payment or
reissue should be made by the person shown to be
entitled, supported by a duly certified copy o f the
representative’s final account as approved by the
court, decree o f distribution, or other pertinent
court records, supplemented, if there are two or
more persons having an apparent interest in the
bond, by an agreement executed by them concern­
ing the disposition o f the bond. Form P D 1787
should be used by the person entitled if he wishes
to name a coowner or beneficiary.

Sec. 315.73.

Estates not administered.

(a) Special provisions under State laws.— I f,
under State law, a person has been recognized or
appointed to receive or distribute the assets o f a
decedent's estate without regular administration,
his request for payment or reissue o f a bond to the
person or persons entitled will be accepted p ro­
vided he submits appropriate evidence o f his
authority.
(b) Agreement of persons entitled.— W hen it
appears that no legal representative o f a decedent’s
estate has been or will be appointed, the bond will
be paid to, or reissued in the name o f, the person
or persons entitled, including those entitled as
donees o f a g ift causa m ortis, pursuant to an agree­
ment and request by all persons entitled to share
in the decedent’s personal estate. A form o f agree-

20
ment fo r settlement without administrationj Form
P D 1946-1, should be used fo r cases in which the
total face amount o f bonds and redemption and
interest checks belonging to the decedent’s estate
is in excess o f $500. W here the total face amount
does not exceed $500, F orm P D 1946 may be used.

I f the persons entitled to share in the personal
estate include minors or incompetents, payment
or reissue o f the bond will not be permitted with­
out administration except to them or in their names
unless their interests are otherwise protected to the
satisfaction o f the Treasury Department.

Subpart P— FIDUCIARIES
Sec. 315.75. Payment.— A savings bond regis­
tered in the name o f a fiduciary or otherwise be­
longing to a fiduciary estate w ill be paid to the
fiduciary or fiduciaries in accordance with the p ro­
visions o f Secs. 315.77 and 315.78.
Sec. 315.76.

Reissue.

(a) In the name of person entitled.
( 1 ) D istribution o f trust estate in hind.— A
bond to which a beneficiary o f a trust estate has
become law fu lly entitled in his own right or in
a fiduciary capacity, in whole or in part, under
the terms o f a trust instrument, w ill be reissued
in his name to the extent o f his interest, upon
the request o f the trustee or trustees and their
certification that such person is entitled and has
agreed to reissue in his name.
( 2 ) A fte r termination o f trust estate.— I f the
person who would be law fu lly entitled to a bond
upon the termination o f a trust does not desire
to have distribution made to him in kind, as pro­
vided in paragraph ( 1 ) above, the trustee or
trustees should present the bond fo r payment
before the estate is terminated. I f , however, the
estate is terminated without such payment or re­
issue having been made, the bond will there­
after be paid to or reissued in the name o f the
person law fu lly entitled upon his request and
satisfactory p ro o f o f ownership, supplemented,
i f there are tw o or more persons having any
apparent interest in the bond, by an agreement
executed by all such persons concerning the dis­
position o f the bond.
(3 ) Upon
termination
o f guardianship
estate.— I f the estate o f a m inor or incompetent
or o f an absentee is terminated, during the
ward’s lifetim e, a bond registered to show that
there is a representative o f the estate will be re­
issued in the name o f the form er ward upon the
representative’s request and certification that
the form er ward is entitled and has agreed to
reissue in his name (F orm P D 1455 should be
used), or w ill be paid to or reissued in the name
o f the form er ward upon his own request, sup­
ported in either case by satisfactory evidence
that his disability has been removed or that an
absentee has returned to claim his property.
Certification by the representative that a form er
minor has attained his m ajority, that a form er
incompetent has been legally restored to com ­
petency, that a legal disability o f a female ward
has been removed by marriage, i f the state law
so provides, or that an absentee has appeared to




claim his property, will ordinarily be accepted
as sufficient (see Sec. 315.77 i f the representa­
tive’s name is not shown in the registration).
U pon the termination o f the estate as the result
o f the death o f the ward, a bond registered to
show that there is a representative o f his estate
will be reissued in accordance with the p rovi­
sions o f Subpart. O.
(4)
Upon termination o f life estate.— U pon
the death o f a life tenant, a bond registered in
his name as life tenant may be reissued in the
name o f the person or persons entitled pursuant
to an agreement and request o f all o f the persons
having an interest in the remainder.

(b) In the name of a succeeding fiduciary.—
I f a fiduciary in whose name a bond is registered
has been succeeded by another, the bond will be re­
issued in the name o f the succeeding fiduciary
upon appropriate requast and satisfactory evi­
dence o f successorship. Form P D 1455 should be
used.

(c) In the name of financial institution as
trustee of common trust fund.—A bond held by
a bank, trust company, or other financial institu­
tion as a trustee, guardian or similar representa­
tive, executor or administrator may be reissued in
its name as trustee o f its common trust fund to the
extent that participation therein by the institution
in such capacity is authorized by law or applicable
regulations. A request fo r reissue to the institu­
tion as trustee o f its common trust fund .should be
executed on its behalf in the capacity in which the
bond is held and by the co-fiduciary, i f any. Form
P D 1455 should be used.

Sec. 315.77. Requests for reissue or payment
prior to maturity or extended maturity.— The
follow ing rules apply to both requests fo r reissue
and payment by fiduciaries: A request for reissue
or payment prior to maturity, or extended ma­
turity fo r bonds for which an optional extension
period has been provided, must be signed by all
acting fiduciaries unless by express statute, decree
o f court, or the terms o f the instrument under
which the fiduciaries are acting, some one or more
o f them may properly execute the request. I f the
fiduciaries named in the registration are still act­
ing, no further evidence o f authority will be re­
quired. Otherwise, a request must be supported
by evidence as specified b e lo w :
(a)
Fiduciaries by title only.— I f the bond is
registered in the titles, without the names, o f fidu­
ciaries not acting as a board, satisfactory evidence

21

o f their incumbency must be furnished, except in
the case o f bonds registered in the title o f public
officers as trustees.
( b) Succeeding fiduciaries.— I f the fiduciaries
in whose names the bond is registered have been
succeeded by other fiduciaries, satisfactory evi­
dence o f successorship must be furnished.
(c ) Boards, committees, etc.— A savings bond
registered in the name o f a board, committee, com­
mission, or other body, empowered to act as a unit
and to hold title to the property o f a religious,
educational, charitable, or non-profit organization
or public corporation will be paid upon a request
for payment signed in the name o f the board or
other body by an authorized officer thereof. A
request so signed and duly certified will ordinarily
be accepted without further evidence o f the officers
authority. The check in payment o f the bond will
be drawn in the name o f the board or other body
as fiduciary fo r the organization named in the
registration or shown by satisfactory evidence to
be entitled as successor thereto.
(d) Corporate fiduciaries.— I f a public or pri­

vate corporation or a political body, such as a state
or county, is acting as a fiduciary, a request must,
be signed in the name o f the corporation or other
body in the fiduciary capacity in which it is acting,
by an authorized officer therof. A request so
signed and duly certified will ordinarily be ac­
cepted without further evidence o f the officer's
authority.

(e)
Registration not disclosing trust or other
fiduciary estate.— I f the registration o f the bond
does not show that it belongs to a trust or other
fiduciary estate or does not identify the estate to
which it belongs, satisfactory evidence o f owner­
ship must be furnished in addition to any other
evidence required by this section.

iSee. 315.78. Requests for payment at or after
maturity.— A request for payment at or after the
maturity date, or extended maturity date for
bonds for which an optional extension period has
been provided, signed by any one or more acting
fiduciaries, will be accepted. Payment ordinarily
will be made by check drawn as the bond is
inscribed.

Subpart Q— PRIVATE ORGANIZATIONS (CORPORATIONS, ASSOCIATIONS,
PARTNERSHIPS, ETC.) AND GOVERNMENTAL AGENCIES, UNITS
AND OFFICERS
Sec. 315.80. Payment to corporations or un­
incorporated associations.— A savings bond reg­
istered in the name o f a private corporation or an
unincorporated association will be paid to the cor­
poration or unincorporated association upon re­
quest fo r payment on its behalf by a duly author­
ized officer thereof. The signature to the request
should be in the form , for example, “ The Jones
Coal Com pany, a corporation, by John Jones,
President,’’ or “ The Lotus Club, an unincorporated
association, by W illiam A . Smith, Treasurer.” A
request for payment so signed and duly certified
will ordinarily be accepted without further evi­
dence o f the officer’s authority.

Sec. 315.81.

Payment to partnerships.—A

savings bond registered in the name o f an existing
partnership will be paid upon a request fo r pay­
ment signed by a general partner. The signature
to the request should be in the form , for example,
“ Smith and Jones, a partnership, by John Jones, a
general partner.” A request for payment so
signed and duly certified will ordinarily be ac­
cepted as sufficient evidence that the partnership is
still in existence and that the person signing the
request is duly authorized.

Sec. 315.82. Reissue or payment to successors
of corporations, unincorporated associations, or
partnerships.— A savings bond registered in the
name o f a private corporation, an unincorporated
association, or a partnership which has been suc­
ceeded by another corporation, unincorporated as­




sociation, or partnership bv operation o f law or
otherwise, as the result o f merger, consolidation,
incorporation, reincorporation, conversion, or re­
organization, or which has been law fu lly succeeded
in any manner whereby the business or activities
o f the original organization are continued without
substantial change, will be paid to or reissued in
the name o f the succeeding organization upon ap­
propriate request on its behalf, supported by sat­
isfactory evidence o f successorship. Form P I)
1540 should be used.

Sec. 315.83. Reissue or payment on dissolu­
tion of corporation or partnership.
(a)
Corporations.— A savings bond registered
in the name o f a private corporation which is in
the process o f dissolution will be paid to the au­
thorized representative o f the corporation upon a
duly executed request for payment, supported by
satisfactory evidence o f the representative’s au­
thority. U pon the termination o f dissolution pro­
ceedings, the bond may be reissued in the names
o f those persons, other than creditors, entitled to
the assets o f the corporation, to the extent o f their
respective interests. Reissue under this subsec­
tion will be made upon the duly executed request
o f the authorized representative o f the corpora­
tion and upon p ro o f that all statutory provisions
governing the dissolution o f the corporation have
been complied with and that the persons in whose
names reissue is requested are entitled and have
agreed to the reissue. If the dissolution proceed-

22

ings are under the direction o f a court, a certified
copy o f an order o f the court, showing the author­
ity o f the representative to make the distribution
requested, must be furnished.
(b )
P a rtn ersh ip s.— A savings bond registered
in the name o f a partnership which has been dis­
solved by death or withdrawal o f a partner, or
in any other manner, will be paid upon a request
fo r payment b y any partner or partners author­
ized by law to act on behalf o f the dissolved part­
nership, or w ill be paid to or reissued in the names
o f the persons, other than creditors, entitled there­
to as the result o f such dissolution to the extent
o f their respective interests, upon their request
supported by satisfactory 7 evidence o f their title,
including p ro o f that the debts o f the partnership
have been paid or properly provided for. Form
P D 2514 should be used.

Sec. 315.84. Payment to institutions (church­
es, hospitals, homes, schools, etc.).— A savings
bond registered in the name o f a church, hospital,
home, school, or similar institution without refer­
ence in the registration to the manner in which it
is organized or governed or to the manner in which
title to its property is held will be paid upon a re­
quest fo r payment signed on behalf o f such in­
stitution by an authorized representative. F or
the purpose o f this section, a request fo r payment
signed by a pastor o f a church, superintendent o f
a hospital, president o f a college, or by any official
generally recognized as having authority to con­
duct the financial affairs o f the particular institu­
tion will ordinarily be accepted without further
p ro o f o f his authority. The signature to the re­
quest should be in the form , fo r example, “ Shriners’ H ospital fo r Crippled Children, St. Louis,
Missouri, by W illiam A . Smith, superintendent,”
or “ St. M ary’s Rom an Catholic Church, Albany,
New Y ork , by John Jones, pastor.”

Sec. 315.85. Reissue in name of trustee or
agent for investment purposes.— A savings bond
registered in the name o f a religious, educational,
charitable or nonprofit organization, whether or
not incorporated, may be reissued in the name o f

a bank, trust company or other financial institu­
tion, or an individual, as trustee or agent under an
agreement with the organization under which the
trustee or agent holds funds o f the organization, in
whole or in part, for the purpose o f investing and
reinvesting the principal and paying the income to
the organization. Form PD 2177 should be used
and should be signed on behalf o f the organization
by an authorized officer.

Sec. 315.86. Reissue upon termination of in­
vestment agency.— A savings bond registered in
the name o f a bank? trust company, or other finan­
cial institution, or individual, as agent fo r invest­
ment purposes only, under an agreement with a
religious, educational, charitable, or nonprofit or­
ganization, may be reissued in the name o f the
organization upon termination o f the agency.
The form er agent should request such reissue and
should certify that the organization is entitled by
reason o f the termination o f the agency, using
Form PD 1455. I f such request and certification
are not obtainable, the bond will be reissued in the
name o f the organization upon its own request,
supported by satisfactory evidence o f the termina­
tion o f the agency.

Sec. 315.87. Payment to governmental agen­
cies and units.— A savings bond registered in the
name o f a state, county, city, town, or village, or
in the name o f a federal, state, or local govern­
mental agency such as a board, commission, or
corporation, will be paid upon a request signed in
the name o f the governmental agency or unit by a
duly authorized officer thereof. A request for
payment so signed and duly certified will ordi­
narily be accepted without further p roof o f the
officer’s authority.

Sec. 315.88. Payment to government offi­
cers.— A savings bond registered in the official
title o f an officer o f a governmental agency or unit
will be paid upon a request fo r payment signed by
the designated officer. The fact that the request
fo r payment is so signed and duly certified will
ordinarily be accepted as p roof that the person
signing is the incumbent o f the designated office.

Subpart R— MISCELLANEOUS PROVISIONS
Sec. 315.90. Waiver of regulations.— The Sec­
retary o f the Treasury reserves the right, in his
discretion, to waive or m odify any provision or
provisions o f these regulations in any particular
case or class o f cases fo r the convenience o f the
United States o f A m erica or in order to relieve any
person or persons o f unnecessary hardship, i f such
action would not be inconsistent with law and
would not im pair any existing rights, and i f he is
satisfied that such action would not subject the
United States o f Am erica to any substantial ex­
pense or liability.




Sec. 315.91. Additional requirements; bond
of indemnity; taxpayer identifying numbers.—
The Secretary o f the Treasury may require (a)
such additional evidence as he may consider neces­
sary or advisable, (b ) a bond o f indemnity, with
or without surety, in any case where he may con­
sider such a bond necessary for the protection o f
the interests o f the United States o f Am erica, and
(c ) without prior notice, that appropriate tax­
payer identifying numbers be furnished for issue,
reissue, or payment o f any savings bond.

23
Sec. 315.92. Preservation of rights.— Nothing
contained in these regulations shall be construed
to limit or restrict existing rights which holders
o f savings bonds heretofore issued may have ac­
quired under the circulars offering the bonds for
sale or under the regulations in force at the time
o f purchase.




Sec. 315.93. Supplements, amendments, or
revisions.— The Secretary o f the Treasury may at
any time, or from time to time, prescribe addi­
tional, supplemental, amendatory, or revised rules
and regulations governing United States Savings
Bonds.
J O H N K. C A R L O C K ,
Fiscal Assistant Secretary
o f the Treasury.

U .S . GOVERNMENT PRINTING O F F I C E .1 9 6 5




OFFERING OF UNITED STATES SAVINGS BONDS, SERIES E

.

„ ................ .
sixth Revision

TREASU RY D EPARTM
ENT,
,
,
W ashington, December 23, 1964-

Department Circular N o. 653

Fiscal Service
Bureau of the Public D ebt

TABLE OF CO N TEN TS
Section

316.1
316.2

316.3
316.4

316.5

316.6

O F F E R IN G O F B O N D S .
D E S C R IP T IO N
OF
BONDS
C U R R E N TLY
OFFERED.
(a) G E N E R A L .
(b) D E N O M IN A T IO N S A N D P R ICE S.
(c) IN S C R IP T IO N A N D ISSU E.
(d) T E R M .
(e) IN V E S T M E N T YIEL D (IN T E R E S T ).
G O V E R N IN G R E G U L A T IO N S .
R E G IS T R A T IO N .
(a) G E N E R A L .
(b) N A T U R A L P E R S O N S IN T H E IR O W N
R IG H T .
(c) O T H E R S .
(1) F ID U C IA R IE S .
(2) P R IV A T E A N D PUBLIC O R G A N IZ A ­
T IO N S .
L IM IT A T IO N S O N H O L D IN G S .
(a) G E N E R A L L IM IT A T IO N .
(b) SP E C IA L L IM IT A T IO N FO R O W N E R S OF
S A Y IN G S B O N D S OF SE R IE S F, G , J
AN D K .
(C) SP EC IAL L IM IT A T IO N FOR E M P L O Y ­
E E S ’ S A V IN G S PL A N S .
(1) D E F IN IT IO N OF PLAN A N D C O N D I­
T IO N S OF EL IG IB IL IT Y .
(2) D E F IN IT IO N S OF T E R M S U SE D IN
T H IS S E C T IO N A N D R ELA TED P R O ­
V IS IO N S .
P U R C H A SE OF B O N D S .
(a) O V E R -T H E -C O U N T E R FOR C A S H .
(1) B O N D S R E G IS T E R E D IN N A M E S OF
NATURAL
PER SO N S
IN
T H E IR
O W N R IG H T O N L Y .
(2) B O N D S R E G IS T E R E D IN ALL AU ­
T H O R IZ E D F O R M S .
(b) O N M A IL O R D E R .
(c) S A V IN G S S T A M P S .

Departm ent Circular N o. 653, Fifth Revision,
dated September 23, 1959, as amended (31 C F R
316), is hereby further amended and issued as the
Sixth Revision .1
A u t h o r i t y : Secs. 316.1 to 316.14 issued under
authority of Sections 22 and 25 of the Second
Liberty Bond Act, as amended, 49 Stat. 2 1 , as
amended, and 73 Stat. 621 (31 U.S.C. 757c,
7 5 7 c -l).
Sec. 316.1. Offering o j bonds.— The Secretary
of the Treasury offers for sale to the people of the
United States, United States Savings Bonds of
vSeries E, hereinafter generally referred to as Series
E bonds. These bonds are substantially a con­
tinuation of the Series E bonds heretofore avail­
able. This offering of bonds will continue until
terminated by the Secretary of the Treasury.
Sec. 316.2. Description oj bonds currently
offered.— (a) General.—S cries E bonds bear a
> The basic terms of the bonds offered under the Fifth Revision have not
been changed. The material in the Fifth Revision and its three amendments
has been reorganized and edited in connection with the publication of the
1966 edition of Title 31 of the Code of Federal Regulations.

759—684 ° — 65— — 1




Section
316.7
D E L IV E R Y OF B O N D S BY M A IL .
316.8
EXTENDED
TERM S
A N D IM P R O V E D
Y IE L D S FO R O U T S T A N D IN G B O N D S .
( a ) O P T IO N A L E X T E N S IO N P R IV IL E G E S.
(1) G E N E R A L .
(2) FO R B O N D S W IT H IS S U E D A T E S OF
M A Y 1, 1941, T H R O U G H M A Y 1 ,1 9 4 9 .
(3) FO R B O N D S W IT H IS SU E D A T E S OF
JUNE 1,1949 , T H R O U G H APR IL 1,1957.
(4) FO R B O N D S W IT H IS SU E D A T E OF
M A Y 1, 1957, O R T H E R E A F T E R .
(b) IM P R O V E D Y IE L D S .
(1) FO R B O N D S W IT H IS SU E D A T E S OF
M A Y 1, 1941, T H R O U G H M A Y 1, 1949.
(2) FO R B O N D S W IT H IS SU E D A T E S OF
JUNE 1, 1949, T H R O U G H APR IL 1,
1957.
( 3 ) FO R B O N D S W IT H IS SU E D A T E S OF
M A Y 1, 1957, T H R O U G H M A Y 1, 1959.
316.9
T A X A T IO N .
(a ) G ENERAL.
(b) F E D E R A L IN C O M E T A X O N S E R IE S E
BO ND S.
316.10 P A Y M E N T O R R E D E M P T IO N .
( a ) G E N E R A L.
(b) FE D E R A L
RESERVE
BANKS
AN D
B R A N C H E S A N D T R E A SU R E R OF T H E
U N IT E D S T A T E S .
(c) IN C O R P O R A T E D B A N K S , T R U S T C O M ­
P A N IE S A N D O T H E R F IN A N C IA L IN ­
S T IT U T IO N S .
316.11
R E S E R V A T IO N AS T O IS SU E OF B O N D S .
316.12 P R E S E R V A T IO N OF R IG H T S .
316.13 FISCAL A G E N T S .
316.14 R E S E R V A T IO N S AS T O T E R M S OF O FFER .
TA B LE S OF R E D E M P T IO N VA L U E S A N D IN V E S T ­
M E N T Y IE L D S .

facsimile of the signature of the Secretary of the
Treasury and of the Seal of the Treasury Depart­
ment. The bonds are issued only in registered
form and are nontransferable.
(b)
Denominations and prices.— Series E bonds
are issued on a discount basis at 75 percent of
their face values. The denominations and issue
prices are:
Denomination (face value)
$ 2 5 _____________________________
5 0 _____________________________
7 5 _____________________________
100_____________________________
2 0 0 _____________________________
500
_____ ____________________
1 ,0 00_____________________________
1 0 ,000_____________________________
100,000 2____________________________

Issue
(purchase)
price
$18. 75
37. 50
56. 25
75. 00
1 5 0.00
3 7 5 .0 0
750. 00
7, 500. 00
7 5 ,0 0 0 .0 0

(c)
Inscription and issue.— At the time of issue
the issuing agent will ( 1 ) inscribe on the face of
a The $100,000 denomination is available only for purchase by trustees of
employees’ savings plans as described in Section 316.6(c).

2
each Series E bond the name and address of the
owner, and the name of the beneficiary, if any,
or the name and address of one coowner, and the
name of the other coowner, ( 2 ) enter in the upper
right-hand portion of the bond the issue date,
and (3) imprint the agent’s dating stamp in the
lower right-hand portion to show the date the
bond is actually inscribed. A Series E bond shall
be valid only if an authorized issuing agent re­
ceives paym ent therefor and duly inscribes, dates,
stamps, and makes delivery of the bond in accord­
ance with the purchaser’s instructions. The
Treasury Departm ent m ay require, without prior
notice, that the appropriate identifying number as
required on tax returns and other documents
submitted to the Internal Revenue Service be
furnished for inclusion in the inscription.
(d) Term.— A Series E bond shall be dated as
of the first day of the month in which paym ent
of the issue price is received by an agent authorized
to issue such bonds. This date is the issue date
and the bond will mature and be payable at face
value 7 years and 9 months from such issue date.
The bond m ay not be called for redemption by
the Secretary of the Treasury prior to m aturity or
the end of the extended maturity period (see Sec.
316.8(a)(1)). The bond m ay be redeemed at the
owner’s option at any time after two months
from issue date at fixed redemption values; how ­
ever, the Treasury Department may require
reasonable notice of presentation of a bond for
redemption prior to maturity. The owner has
the option of continuing to hold the bond for an
extended maturity period at a rate of interest to
be determined prior to the original m aturity of
such bond.
(e) Investment yield (interest).— The investment
yield (interest) on a Series E bond will be approxi­
mately 3.75 percent per annum com pounded
semiannually if the bond is held to maturity; 3
but the yield will be less if the bond is redeemed
prior to m aturity. The interest will be paid as
a part of the redemption value. During the first
six months from issue date the bonds will be
redeemable only at issue price. The redemption
value will increase at the end of the first half-year
period from issue date and successive periods
thereafter (see Table 1 ).
Sec. 316.3. Governing regu la tion s.S eries E
bonds are subject to the regulations of the Treas­
ury Department, now or hereafter prescribed,
governing United States Savings Bonds, contained
in Department Circular No. 530, current revision
(31 C F R 315).4

3 Under authority of Section 25,73 Stat. 621 (31 U.S.C. 757c-l), tin: President
of the United States on Sept. 22, 1959, concluded that with respect to Series
E bonds it was necessary in the national interest to exceed the maximum
interest rate and investment yield prescril>e.d by Section 22 of the Second
Liberty Bond Act, as amended (31 U.S.C. 757c).
4 Copies may be obtained from any Federal Reserve Bank or Branch, or
the Bureau of the Public Debt, Washington, D.C. 20220, or its Chicago
Office, 536 South Clark Street, Chicago, 111. 60605.




Sec. 316.4. Registration.— (a) General.— Gen­
erally, only residents of the United States, its
territories and possessions, the Commonwealth of
Puerto Rico, the Canal Zone and citizens of the
United States temporarily residing abroad are
eligible to be named as owners of Series E bonds.
The bonds may be registered in the names of
natural persons in their own right as provided in
(b) of this section, and in the names and titles or
capacities of fiduciaries and organizations as pro­
vided in (c) of this section. Full information
regarding authorized forms of registration and
restrictions with respect thereto will be found in
the governing regulations.
(b) Natural persons in their own right.— The
bonds m ay be registered in the names of natural
persons (whether adults or minors) in their own
right, in single ownership, coownership, and
beneficiary forms.
(c) Others.— The bonds may be registered in
single ownership form in the names of fiduciaries
and private and public organizations, as follows:
( 1 ) Fiduciaries.— In the names of and showing
the titles or capacities of any persons or organiza­
tions, public or private, as fiduciaries (including
trustees, legal guardians or similar representatives,
and certain custodians), but not where the
fiduciary would hold the bonds merely or princi­
pally as security for the performance of a duty,
obligation, or service.
( 2 ) Private and public organizations.— In the
names of private or public organizations (including
private corporations, partnerships, and unincor­
porated associations, and States, counties, public
corporations, and other public bodies) in their own
right, but not in the names of commercial banks .5
Sec. 316.5.
Limitations on holdings.— The
amount of Series E bonds originally issued during
any one calendar year that m ay be held by any one
person, at any one time, com puted in accordance
with the governing regulations, is limited, as
follows:
(a) General limitation.— %10,000 (face value) for
the calendar year 1959 and each calendar year
thereafter.
(b) Special limitation j or owners of savings bonds
of Series /\ G, J and K .— Owners, except com m er­
cial banks 5 in their own right (as distinguished
from a representative or fiduciary capacity), of
outstanding bonds of Series F and G, all of which
are now matured, and bonds of Series J and K,
at or after maturity, may purchase Series E bonds
with the proceeds of redemption without regard to
the general limitation on holdings, under the
following restrictions and conditions:
(1)
The bonds must be presented to a Federal
Reserve Bank or Branch, the Office of the Treas­
urer of the United States, Securities Division, or

5 Commercial banks, as defined in Section 315.7(d)(2) of Department
Circular No. 530, current revision, the governing regulations, for thus purpose
are those accepting demand deposits.

3
the Bureau of the Public D ebt, Division of Loans
and Currency Branch, for the specific purpose of
taking advantage of this privilege. The Series E
bonds will be dated as of the first day of the month
in which the bonds presented are received b y the
agency.
( 2 ) Series E bonds m ay be purchased with the
proceeds of the bonds presented only up to the
denominational amounts that the proceeds thereof
will fully cover. A ny difference between such
proceeds and the purchase price of the Series E
bonds will be paid to the owner.
( 3 ) The Series E bonds will be registered in the
name of the owner in any authorized form of
registration, subject to the restrictions prescribed
by the governing regulations.
~(4) 'Phis privilege will continue until terminated
b y the Secretary of the Treasury.
' (c) Special limitation jo r employees’ savings
j)lans.— $ 2,000 (face value) multiplied by the
highest number of participants in an employees’
savings plan, as defined in ( 1 ) of this paragraph,
at any time during the year in which the bonds
are issued .6
( 1 ) Definition of plan and conditions o j eligi­
bility.—
(i) The employees’ savings plan must have
been established by the employer for the ex­
clusive and irrevocable benefit of his em­
ployees or their beneficiaries, afford employees
the means of making regular savings from
their wages through payroll deductions, and
provide for em ployer contributions to be
added to such savings.
(ii) The entire assets thereof must be cred­
ited to the individual accounts of participating
employees and assets credited to the account
of an employee may be distributed only to
him or his beneficiary, except as otherwise
provided herein.
(iii) Series E bonds may be purchased only
with assets credited to the accounts of partici­
pating employees and only if the amount taken
from any account at any time for that purpose
is equal to the purchase price of a bond or
bonds in an authorized denomination or de­
nominations, and shares therein are credited
to the accounts o f the individuals from which
the purchase price thereof Mas derived, in
amounts corresponding with their shares.
For example, if $37.50 credited to the account
of John Jones is commingled with funds
credited to the accounts o f other employees
to make a total of $7,500, with which a Series
E bond in denomination of $ 10,000 (face
value) is purchased in January 1965 and
registered in the name and title of the trustee
or trustees, the plan must provide, in effect,
8 Savings and vacation plans may bo eligible for this special limitation.
Questions concerning eligibility of such plans should lie addressed to the
Bureau of the Bublic Debt, Division of Loans and Currency Branch, 536
South Clark Street, Chicago, ni. 60605.




that John Jones’ account shall be credited to
show that he is the owner of a Series E bond
in the denomination of $50 (face value)
bearing the issue date of January 1 , 1965.
(iv) Each participating employee shall
have an irrevocable right at any time to de­
mand and receive from the trustee or trustees
all assets credited to his account or the value
thereof, if he so prefers, without regard to
any condition other than the loss or suspension
of the privilege of participating further in the
plan, except that a plan will n ot be deemed
to be inconsistent herewith if it limits or
modifies the exercise of any such right b y pro­
viding that the em ployer’s contribution does
not vest absolutely until the employee shall
have made contributions under the plan in
each of not more than 60 calendar months
succeeding the m onth for which the em­
ployer’s contribution is made.
(v) U pon the death of an employee, his
beneficiary shall have the absolute and uncon­
ditional right to demand and receive from the
trustee or trustees all the assets credited to
the account of the employee, or the value
thereof, if he so prefers.
(vi) W hen settlement is made with an em­
ployee or his beneficiary with respect to any
Series E bond registered in the name and title
of the trustee or trustees in which the em­
ployee has a share (see (ii) hereof), the bond
must be submitted for redemption or reissue
to the extent of such share; if an employee or
his beneficiary is to receive distribution in
kind, bonds bearing the same issue dates as
those credited to the em ployee’s account will
be reissued in the name of the distributee to
the extent to which he is entitled, in author­
ized denominations, in any authorized form
of registration, upon the request and certifica­
tion of the trustee or trustees in accordance
with the regulations governing United States
Savings Bonds.
(2)
Definitions o j terms used in this section and
related provisions.—
(i) The term “ savings plan” includes any
regulations issued under the plan with regard
to Series E bon ds; a copy of the plan and any
such regulations, together with a cop y of the
trust agreement certified b y a trustee to be
true copies, must be submitted to the Federal
Reserve Bank of the District in order to estab­
lish the eligibility of the trustee or trustees to
purchase bonds in excess of the general limi­
tation in any calendar year.
(ii) The term “ assets” means all funds,
including the employees’ contributions and
em ployer’s contributions and assets purchased
therewith as well as accretions thereto, such
as dividends on stock, the increment in value
on bonds and all other incom e; but, notwith­

4

standing any other provision of this section,
the right to demand and receive “ all assets”
credited to the account of an employee shall
not be construed to require the distribution of
assets in kind when it would not be possible
or practicable to make such distribution; for
example, Series E bonds m ay not be reissued
in unauthorized denominations, and frac­
tional shares of stock are not readily distrib­
utable in kind.
(iii)
The term “ beneficiary” means the
person or persons, if any, designated by the
employee in accordance with the terms of the
plan to receive the benefits of the trust upon
his death or the estate of the employee, and
the term “ distributee” means the employee
or his beneficiary.
Sec. 316.6. Purchase of bonds— Series E bonds
may be purchased, as follows:
(a) Over-the-counter fo r cash.
( 1 ) Bonds registered in names of natural persons
in their own right only.— A t such incorporated
banks, trust companies, and other agencies as
have been duly qualified as issuing agents and at
selected United States post offices.
(2 ) Bonds registered in all authorized form s.— A t
Federal Reserve Banks and Branches and at the
Office of the Treasurer of the United States,
Securities Division, Washington, D .C . 20220.
(b) On mail order.— B y mail upon application
to any Federal Reserve Bank or Branch or to the
Office of the Treasurer of the United States,
Securities Division, W ashington, D .C . 20220,
accompanied by a remittance to cover the issue
price. Any form of exchange, including personal
checks, will be accepted subject to collection.
Checks or other forms of exchange should be drawn
to the order of the Federal Reserve Bank or the
Treasurer of the United States, as the case m ay be.
Checks payable by endorsement are not accept­
able. Any depositary qualified pursuant to the
provisions of Treasury Departm ent Circular No.
92, current revision (31 C F R 203), will be per­
mitted to make paym ent by credit for bonds
applied for on behalf of its customers up to any
amount for which it shall be qualified in excess
of existing deposits, when so notified by the
Federal Reserve Bank of its district.
(c) Savings stamps.— Savings stamps, in author­
ized denominations may be purchased at most
post offices and at such other agencies as may be
designated from time to time. The stamps may
be used to accumulate credits for the purchase of
Series E bonds. Album s for affixing the stamps
will be available without charge, and such albums
will be receivable by any authorized issuing agent
in the amount of the affixed stamps on the purchase
price of the bonds.
Sec. 316.7. Delivery o f bonds by mail.— Issuing
agents are authorized to deliver Series E bonds by




mail at the risk and expense of the United States,
at the address given by the purchaser, but only
within the United States, its territories and pos­
sessions, the Commonwealth of Puerto R ico, and
the Canal Zone. N o mail deliveries elsewhere
will be made. If purchased by citizens of the
United States temporarily residing abroad, the
bonds will be delivered at such address in the
United States as the purchaser directs.
Sec. 316.8. Extended terms and improved yields
fo r outstanding bonds.— (a) Optional extension priv­
ileges.
( 1 ) General.— The term “ optional extension
privilege,” when used herein, means the privilege
of retaining Series E bonds after maturity for a
period, known as the “ extended m aturity period,”
or as the “ second extended maturity period,” and
of earning interest upon the maturity values or
extended maturity values thereof, as the case may
be .7 The tables at the end of this circular, which
are incorporated herein, show current redemption
values and investment yields. N o special action
is required of owners desiring to take advantage
of any optional extension privilege. M erely by
continuing to hold their bonds after maturity,
they will continue to earn further interest. Inter­
est will accrue at the end of the first half-year
period following m aturity or extended maturity
and at the end of each successive half-year period
thereafter until final maturity.
(2 ) For bonds with issue dates of M ay 1, 194-1,
through M ay 1, 1949.— Owners of Series E bonds
with issue dates of M ay 1 , 1941, through M ay 1 ,
1949, have the option of retaining their bonds for
a second extended m aturity period of ten years.
(3) For bonds with issue dates of June 1, 1949,
through A pril 1, 1957.— Owners of Series E bonds
with issue dates of June 1 , 1949, through April 1 ,
1957, have the option of continuing to hold their
bonds for an extended maturity period of ten years.
(4) For bonds with issue date of M ay 1, 1957, or
thereafter.— Owners of Series E bonds with issue
date of M ay 1 , 1957, or thereafter have the
option of continuing to hold such bonds for an
extended m aturity period of ten years at rates of
interest to be determined prior to the original
maturity of such bonds.
(b) Improved yields.
(1 )
For bonds with issue dates of M ay 1, 1941,
through M ay 1, 1949.— The investment yields on
outstanding Series E bonds with issue dates of
M ay 1, 1941, through M ay 1, 1949, were increased
for the remaining period of their extended matu­
rity: (i) by not less than six-tenths of one percent
per annum on bonds with issue dates of M ay 1 ,
1941, through April 1 , 1942; and (ii) five-tenths
of one percent per annum on bonds with issue
7 The redemption value of any bond at original maturity is the base upon
which interest will accrue during the extended maturity period. The re­
demption value of any bond at the end of the extended maturity period is the
base upon which interest accrues during the second extended maturity
period.

5
dates o f M a y 1, 1942, through M ay 1 , 1949, if
held to the end of the extended maturity period,
and b y lesser amounts if redeemed earlier.8 The
im provem ent in investment yields started on
June 1 , 1959, for bonds with the issue months of
June or D ecem ber and on the date of the first
increase in redemption value after June 1 , 1959,
for a bond with any other issue month. The
resulting yields are in terms of rate percent per
annum, com pounded semiannually. See Tables 2
through 19 for current redemption values and
investment yields.
(2) For bonds with issue dates o j June 1, 1949,
through A pril 1, 1957.9— The investment yields on
outstanding Series E bonds with issue dates of
June 1 , 1949, through April 1 , 1957, were increased
for the extended maturity period by approxi­
m ately three-fourths of one percent per annum,
com pounded semiannually for bonds held at the
end of that period and by lesser amounts if re­
deemed earlier. See Tables 20 through 37 for
current redemption values and investment yields.
( 3 ) For bonds with issue dates o f M ay 1, 1957,
through M ay 1, 1 9 5 9 . 9— The investment yields on
outstanding Series E bonds with issue dates of
M a y 1 , 1957, through M ay 1 , 1959, were increased
beginning June 1 , 1959, by five-tenths of one per­
cent per annum if held to original maturity and
by lesser amounts if redeemed earlier. The im­
provem ent in investment yields started on June 1 ,
1959, for bonds with the issue months of June or
Decem ber and on the date of the first increase in
redemption value after June 1 , 1959, for a bond
with any other issue month. The resulting yields
are in terms of rate percent per annum, com ­
pounded semiannually. See Tables 38 through 42
for current redemption values and investment
yields.
Sec. 316.9. Taxation.— (a) General.— For the
purpose of determining taxes and tax exemptions,
the increment in value represented by the differ­
ence between the price paid for Series E bonds
(which are issued on a discount basis) and the
redemption value received therefor shall be con­
sidered as interest. Such interest is subject to all
taxes imposed under the Internal Revenue Code
of 1954. The bonds are subject to estate, inheri­
tance, gift, or other excise taxes, whether Federal
or State, but are exempt from all taxation now or
* The investment yields for the fu ll extended maturity period of the. bonds
referred to in Section 316.8 (a)(2) and (b)(1) were, according to issue dates,
as follows:
M ay 1, 1941, through April 1, 1942...............................................
May 1, 1942, through May 1, 1949.________________ _________

2.90
3.00

percent per annum, compounded semiannually.
# The investment yields for the fu ll original maturity period of bonds referred
to In Section 316.8(b) (2) and (3), were, according to issue dates, as follows:
December 1, 1949, through April 1, 1952_____________________ 2.90
M ay 1, 1952, through January 1, 1957.... .................. ................. 3.00
February* 1, 1957, through May 1, 1959....................................... 3. 25
These yields were increased, effective one-half year from the next date after
June 1, 1959, on which the redemption value increased, by not less than sixtenths of one percent for Iwnds with issue dates of December 1, 1949, through
April 1, 1952, and by five-tenths of one percent for Iwnds with Issue dates of
May 1, 1952, through May 1, 1959. All of these yields are in terms of rate
percent per annum, compounded semiannually.




hereafter imposed on the principal or interest
thereof by any State, or any of the possessions of
the United States, or b y any local taxing authority.
(b)
Federal income tax on Series E bonds.— An
owner of Series E bonds who is a cash basis tax­
payer and accordingly not required to report the
increase in redemption value of his bonds each
year as it accrues is required to include such
amount in gross incom e for Federal income tax
purposes for the taxable year of final maturity,
actual redemption, or other disposition, whichever
is earlier. An owner not reporting the increase
in redemption value of such bonds currently for
income tax purposes m ay elect in any year prior
to final maturity, subject to the provisions of
Section 454 of the Internal Revenue Code of 1954
and the regulations prescribed thereunder, for
such year and subsequent years to report such
income annually. An owner who is required, or
chooses, to report the increase in redemption value
of his bonds each year as it accrues must continue
to do so so long as he retains the bonds, unless in
accordance with the income tax regulations he
obtains permission from the Internal Revenue
Service to change to a different method of report­
ing income from such obligations. Inquiry con­
cerning further information on Federal taxes should
be addressed to the District Director, Internal
Revenue Service, of the taxpayer’s district, or
the Internal Revenue Service, Washington, D .C .
20224.
Sec. 316.10. Payment or redemption.— (a) Gen­
eral.— A Series E bond m ay be redeemed in
accordance with its terms at the appropriate
redemption value as shown in the applicable
tables hereof for bonds bearing various issue dates
back to M ay 1 , 1941. The redemption values of
bonds in the denomination of $ 100,000 2 (which
was authorized as of January 1, 1954) are not
shown in the tables. However, the redemption
values of bonds in that denomination will be
equal to the total redemption values of ten $ 10,000
bonds bearing the same issue dates. A Series E
bond in a denomination higher than $25 (face
value) m ay be redeemed in part but only in the
amount of an authorized denomination or multi­
ple thereof.
(b) Federal Reserve Banks and Branches and
Treasurer o j the United States.— Owners of Series
E bonds may obtain payment upon presentation
and surrender of the bonds to a Federal Reserve
Bank or Branch or to the Office of the Treasurer
of the United States, Securities Division, W ash­
ington, D .C . 20220, with the requests for pay­
ment on the bonds duly executed and certified in
accordance with the governing regulations.
(c) Incorporated banks, trust companies and other
financial institutions.— An individual (natural per­
son) whose name is inscribed on a Series E bond
either as owner or coowner in his own right m ay
also present such bond to any incorporated bank

6

or trust com pany or other financial institution
which is qualified as a paying agent under D epart­
ment Circular N o. 750, current revision (31 C F R
321). If such bond is in order for paym ent by
the paying agent, the owner or coowner, upon
establishing his identity to the satisfaction of the
agent and upon signing the request for paym ent
and adding his home or business address, m ay
receive immediate payment of the current redem p­
tion value.
Sec. 316.11. Reservation as to issue o j bonds.—
The Secretary of the Treasury reserves the right
to reject any application for Series E bonds, in
whole or in part, and to refuse to issue or permit
to be issued hereunder any such bonds in any
case or any class or classes of cases if he deems
such action to be in the public interest, and his
action in any such respect shall be final.




Sec. 316.12. Preservation o j rights.— Nothing
contained herein shall limit or restrict rights
which owners of Series E bonds heretofore issued
have acquired under offers previously in force.
Sec. 316.13. Fiscal agents.— Federal Reserve
Banks and Branches, as fiscal agents of the United
States, are authorized to perform such services as
may be requested of them by the Secretary of the
Treasury in connection with the issue, delivery,
redemption, and payment of Series E bonds.
Sec. 316.14. Reservations as to terms o f offer.—
The Secretary of the Treasury m ay at any time
or from time to time supplement or amend the
terms of this offering of bonds (31 C F R 316), or
of any amendments or supplements thereto.
JO H N K. CARLOCK,
Fiscal Assistant Secretary of the Treasury.

TABLE S OF R E D E M P T IO N VALUES A N D IN V E S T M E N T Y IE L D S
FO R U N IT E D S T A T E S S A V IN G S B O N D S OF SE R IE S E
Each table shows: (1) H ow bonds of Series E bearing the issue dates covered by the table, by denominations, in­
crease in redemption value for each successive half-year period (a) following the date of issue for bonds bearing issue
dates beginning December 1, 1954; (b) following original maturity for bonds bearing issue dates of December 1, 1944,
through Novem ber 1, 1954; (c) following first extended maturity for bonds bearing issue dates of M ay 1, 1941, through
N ovem ber 1, 1944 (for the latest revised redemption values and investment yields during original maturity and first
extended maturity periods not shown in these tables see Department Circular 653, Fifth Revision, dated September 23,
19 59 ); (2) the approximate investment yield on the purchase price from issue date to the beginning of each half-year
period shown on the table; and (3) the approximate investment yield on the current redemption value from the beginning
of each half-year period shown on the table to maturity.
Yields are expressed in terms of rate percent per annum, com­
pounded semiannually.

TABLE

1

B O N D S B E A R IN G ISSU E D A T E S B E G IN N IN G JUNE 1, 1959
Issue price____________
Maturity v a l u e ______

Period after issue date

First /li year_________
Yi to 1 year__________
1 to 1 Yi years________
1Yi to 2 years-----------2 to 2 Y years-----------2 Yi to 3 years________
3 to 3)4 y ea rs.________
3 Yi to 4 years_________
4 to 4 Yi years______
4 Y to 5 years_____
5 to 5 Yi years____
5 Yi to 6 years_________
6 to 6Yi years____
iSYi to 7 years. .
7 to lYi years _ .
lYi years to 7 years
and 9 m onths______
M A T U R IT Y VALUE
(7 years and 9
months from
issue date)

$18. 75
25. 00

$37. 50
50. 00

$56. 25
75. 00

$75. 00
100. 00

$375. 00
500. 00

$750. 00
1, 000. 00

$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.
24.

75
91
19
51
90
28
66
07
50
95
40
86
32
79
27

$37.
37.
38.
39.
39.
40.
41.
42.
43.
43.
44.
45.
46.
47.
48.

50
82
38
02
80
56
32
14
00
90
80
72
64
58
54

$56.
56.
57.
58.
59.
60.
61.
63.
64.
65.
67.
68.
69.
71.
72.

25
73
57
53
70
84
98
21
50
85
20
58
96
37
81

$75.
75.
76.
78.
79.
81.
82.
84.
86.
87.
89.
91.
93.
95.
97.

00
64
76
04
60
12
64
28
00
80
60
44
28
16
08

$150.
151.
153.
156.
159.
162.
165.
168.
172.
175.
179.
182.
186.
190.
194.

00 $375. 00
28
378. 20
52
383. 80
08
390. 20
20
398. 00
24
405. 60
28
413. 20
421. 40
56
00
430. 00
60
439. 00
20
448. 00
88
457. 20
56
466. 40
32
475. 80
16
485. 40

$750.
756.
767.
780.
796.
811.
826.
842.
860.
878.
896.
914.
932.
951.
970.

00
40
60
40
00
20
40
80
00
00
00
40
80
60
80

$7,
7,
7,
7,
7,
8,
8,
8,
8,
8,
8,
9,
9,
9,
9,

500
564
676
804
960
112
264
428
600
780
960
144
328
516
708

Approximate
investment yield*

(2) On
purchase
price
from issue
date to
begin­
ning of
each halfyear
period 1

(3) On
current
redemp­
tion value
from be­
ginning of
each halfyear
period 1
to
maturity

Percent

Percent

0.
1.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

f3.
3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
3.

00
71
33
67
00
16
26
36
45
53
59
64
67
70
72

24. 75

49. 50

74. 25

99. 00

198. 00

495. 00

990. 00

9, 900

3. 74

25. 00

50. 00

75. 00

100. 00

200. 00

500. 00

1, 000. 00

10, 000

3. 75

♦Calculated on basis of $1,000 bond (face value).
t Approximate investment yield for entire period from issuance to maturity,
i 3-month period in the case of the 7H year to 7 year and 9 month period.




$150. 00
200. 00

75
89
96
01
01
03
05
06
06
04
03
02
01
01
99

4. 06

TABLE 2
B O N D S B E A R IN G ISSU E D ATE OF M A Y 1, 1941
Issue price
_
Original maturity value _
First extended maturity value-

$18. 75
25. 00
3 3 .6 3

$37. 50
50. 00
67. 26

$75. 00
100. 00
134. 52

$750. 00
1, 000. 00
1, 345. 20

$375. 00
500. 00
672. 60

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Feriod after first extended maturity
(beginning 20 years after issue date)

Approximate investment yield*

(3) On current
(2) On purchase redemption value
price from issue from beginning
date to beginning
of each halfof each halfyear period to
year period
second extended
maturity

SECOND E X T E N D E D M A T U R IT Y P E RIO D 1

Percent

First ¥z vear
Yt to 1 year
1 to 1 years
1 % to 2 years
2 to 2 Yi years
2Yi to 3 years
3 to 3 Y years___________________
3 Y to 4 years
4 to 4}£ vears
. 4}t to 5 years
5 to 5 Y2 vears _
_ _
5H to 6 years
6 to 6 Y years
6 Y to 7 years
7 to ?Y> years
7)2 to 8 years
8 to 8Yi years
8Y to 9 years
9 to 9 Y years
9K to 10 years_________________
SECON D EXTENDED M A ­
T U R IT Y
VALUE
(20
years from original ma­
turity date) 2
____ .

$33.
34.
34.
35.
36.
36.
37.
38.
39.
39.
40.
41.
42.
42.
43.
44.
45.
46.
46.
47.

63
26
00
56
22
90
60
30
02
75
50
25
03
82
62
44
27
12
98
86

48. 76

$67.
68.
69.
71.
72.
73.
75.
76.
78.
79.
81.
82.
84.
85.
87.
88.
90.
92.
93.
95.

26
52
80
12
44
80
20
60
04
50
00
50
06
64
24
88
54
24
96
72

97. 52

$134.
137.
139.
142.
144.
147.
150.
153.
156.
159.
162.
165.
168.
171.
174.
177.
181.
184.
187.
191.

52
04
60
24
88
60
40
20
08
00
00
00
12
28
48
76
08
48
92
44

195. 04

$672.
685.
698.
711.
724.
738.
752.
766.
780.
795.
810.
825.
840.
856.
872.
888.
905.
922.
939.
957.

60
20
00
20
40
00
00
00
40
00
00
00
60
40
40
80
40
40
60
20

975. 20

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

345.
370.
396.
422.
448.
476.
504.
532.
560.
590.
620.
650.
681.
712.
744.
777.
810.
844.
879.
914.

20
40
00
40
80
00
00
00
80
00
00
00
20
80
80
60
80
80
20
40

1, 950. 40

2.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

94
96
98
00
02
03
05
06
08
09
10
12
13
14
15
16
17
18
19
20

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
76

3 .2 1

’ Calculated on basis of $1,000 bond (face value).
1 For redemption values and investment yields during original and first extended maturity periods see Department Circular No. 653, Fifth Revision, dated
September 23, 1959.
2 30 years from issue date.




9

TABLE 3
B O N D S B E A R IN G IS SU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1941
Issue price
Original maturity value
First extended maturity value.

$18. 75
25. 00
33. 73

$37. 50
50. 00
67. 46

$75. 00
100. 00
134. 92

$375. 00
500. 00
674. 60

$750. 00
1, 000. 00
1, 349. 20

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after first extended maturity
(beginning 20 years after issue date)

Approximate investment yield*

(3) On current
(2) On purchase redemption value
price from issue from beginning
date to beginning
of each halfof each halfyear period to
year period
second extended
maturity

SECOND E X T E N D E D M A T U R IT Y PERIO D ■

Percent

___ __
First Yi. year _
)4 to 1 year
_
_
1 to 1)4 years
_
1 )4 to 2 years
2 to 2 )4 years _
2 Vi to 3 years
_ _
3 to 3 }i y e a r s . ___
__ _ _
3)4 to 4 y e a r s --------_ __
4 to 4)4 years
_ _
4)4 to 5 years
5 to 5% years
___
5)4 to 6 years _______
____ .
(j to
years
6)4 to 7 y e a r s _______ _____
7 to 7)4 years___________ __ _
7)4 to 8 years____________ - 8 to
y e a r s ________________
8)4 to 9 y e a r s ________________
_____________
9 to 9)4 years
9)4 to 10 years_________________
SECON D EXTEN D ED M A ­
T U R IT Y
VALUE
(20
years from original ma­
turity date)2. .
_______ .

$33.
34.
35.
35.
36.
37.
37.
38.
39.
39.
40.
41.
42.
42.
43.
44.
45.
46.
47.
48.

73
36
01
66
33
01
71
41
13
87
62
38
15
94
75
57
40
26
12
01

48. 91

$67.
68.
70.
71.
72.
74.
75.
76.
78.
79.
81.
82.
84.
85.
87.
89.
90.
92.
94.
96.

46
72
02
32
66
02
42
82
26
74
24
76
30
88
50
14
80
52
24
02

97. 82

$134.
137.
140.
142.
145.
148.
150.
153.
156.
159.
162.
165.
168.
171.
175.
178.
181.
185.
188.
192.

92
44
04
64
32
04
84
64
52
48
48
52
60
76
00
28
60
04
48
04

195. 64

$674.
687.
700.
713.
726.
740.
754.
768.
782.
797.
812.
827.
843.
858.
875.
891.
908.
925.
942.
960.

60
20
20
20
60
20
20
20
60
40
40
60
00
80
00
40
00
20
40
20

978. 20

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

349.
374.
400.
426.
453.
480.
508.
536.
565.
594.
624.
655.
686.
717.
750.
782.
816.
850.
884.
920.

20
40
40
40
20
40
40
40
20
80
80
20
00
60
00
80
00
40
80
40

1, 956. 40

2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

96
98
00
01
03
05
06
07
09
10
12
13
14
15
16
17
18
19
20
21

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
,3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
76
75
76
75

3. 22

‘ Calculated on basis of $1,000 bond (face value).
* For redemption values and investment yields during original and first extended maturity periods see Department Circular No. 653, Fifth Revision, dated
September 23,1959.
230 years from Issue date.

759-GS40— 65-




-2

10
TABLE 4
B O N D S B E A R IN G ISSU E D A T E S F R O M D E C E M B E R 1, 1941, T H R O U G H APRIL 1, 1942
Issue price
_ _
Original maturity value _
First extended maturity value_

$18. 75
25. 00
33. 83

$37. 50
50. 00
67. 66

$75. 00
100. 00
135. 32

$750. 00
1, 000. 00
1, 353. 20

$375. 00
500. 00
676. 60

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after first extended maturity
(beginning 20 years after issue date)

Approximate investment yield*

(3) On current
(2) On purchase redemption value
price from issue from beginning
date to beginning
of each halfof each halfyear period to
year period
second extended
maturity

SECOND E X T E N D E D M A T U R IT Y P E RIO D i

Percent

First K year___________________
y2 to 1 year____________________
1 to l /xi years_________________
to 2 years__________________
2 to 2 Yi years_________________
to 3 years_________________
3 to 3Yi years_________________
3 Yz to 4 years_________________
4 to 4)4 years_________________
4)4 to 5 years--------------------------5 to 5% years_________________
5Yi to 6 years_________________
6 to
years_________________
6 to 7 years_________________
7 to 7 /li years_________________
7Yi to 8 years_________________
8 to 8}4 years_________________
8 Yi to 9 years_________________
9 to 9 Y* years--------------------------9H to 10 years-----------------------SECOND EXTENDED M A ­
T U R IT Y
VALUE
(20
years from original m a­
turity d a te )2_____________

$33.
34.
35.
35.
36.
37.
37.
38.
39.
39.
40.
41.
42.
43.
43.
44.
45.
46.
47.
48.

83
46
11
77
44
12
82
53
25
99
74
50
28
07
88
70
54
39
26
15

49. 05

$67.
68.
70.
71.
72.
74.
75.
77.
78.
79.
81.
83.
84.
86.
87.
89.
91.
92.
94.
96.

66
92
22
54
88
24
64
06
50
98
48
00
56
14
76
40
08
78
52
30

98. 10

$135.
137.
140.
143.
145.
148.
151.
154.
157.
159.
162.
166.
169.
172.
175.
178.
182.
185.
189.
192.

32
84
44
08
76
48
28
12
00
96
96
00
12
28
52
80
16
56
04
60

196. 20

$676.
689.
702.
715.
728.
742.
756.
770.
785.
799.
814.
830.
845.
861.
877.
894.
910.
927.
945.
963.

60
20
20
40
80
40
40
60
00
80
80
00
60
40
60
00
80
80
20
00

981. 00

$1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

353.
378.
404.
430.
457.
484.
512.
541.
570.
599.
629.
660.
691.
722.
755.
788.
821.
855.
890.
926.

20
40
40
80
60
80
80
20
00
60
60
00
20
80
20
00
60
60
40
00

1, 962. 00

2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

97
99
01
03
04
06
07
09
10
12
13
14
15
16
17
18
19
20
21
22

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
74

3. 23

■"Calculated on basis of $1,000 bond (face value).
1 For redemption values and investment yields during original and first extended maturity periods see Department Circular No. 653, Fifth Revision, dated
September 23, 1959.
2 30 years from issue date.




TABLE 5
B O N D S B E A R IN G ISSU E D A T E OF M A Y 1, 1942
Issue p r i c e ____ __________
Original maturity value_______
First extended maturity valu e.

$18. 75
25. 00
34. 09

$37. 50
50. 00
68. 18

$75. 00
100. 00
1 3 6 .3 6

$375. 00
500. 00
6 8 1 .8 0

$750. 00
1, 000. 00
1, 363. 60

(1) Redemption values during each half-year period
(values increase 011 first day of period shown)

Period after first extended maturity
(beginning 20 years after issue date)

Approximate investment yield*

(3) On current
(2) On purchase redemption value
price from issue from beginning
date to beginning
of each halfof each halfyear period to
year period
second extended
maturity

SECOND E X T E N D E D M A T U R IT Y PE RIO D 1

Percent

Yi
Yi
2Y
3Y

First /xi year_________________ _
to 1 year__________ _ 1 to V/2 years___________________
1 to 2 years. _______________
2 to 2% years _______ _
to 3 years _ ________ _____
3 to
years _ _________ __
_
to 4 years _ _________
4 to 4 years _________________
4 ^ to 5 y e a r s _________ __
__
5 to 5j4 y e a r s _________________
5j4 to 6 years. _____________ 6 to
years _________ __ _
to 7 y e a r s _________________
7 to 7 y e a r s _________ _______
7 to 8 years _ ________
8 to 8 /2 years _ __ _ _______
8/4 to 9 y e a r s ____ _____________
9 to
y e a r s _________ _ _ to 10 y e a r s - . ___ __
___
SECOND EXTENDED M A ­
TU R IT Y
VALUE
(20
years from original m a­
turity d a te )2- _ _________

Yi

6Y
6%
Y
Yi.
9Y

9Y

$34.
34.
35.
30.
30.
37.
38.
38.
39.
40.
41.
41.
42.
43.
44.
45.
45.
40.
47.
48.

09
73
38
04
72
41
11
82
55
29
05
82
00
40
22
04
89
75
03
52

49. 43

$08.
09.
70.
72.
73.
74.
70.
77.
79.
80.
82.
83.
85.
80.
88.
90.
91.
93.
95.
97.

18
40
70
08
44
82
22
04
10
58
10
04
20
80
44
08
78
50
20
04

98. 86

$130.
138.
141.
144.
140.
149.
152.
155.
158.
101.
104.
107.
170.
173.
170.
180.
183.
187.
190.
194.

30
92
52
10
88
04
44
28
20
10
20
28
40
00
88
10
50
00
52
08

197. 72

$081.
094.
707.
720.
734.
748.
702.
770.
791.
805.
821.
830.
852.
808.
884.
900.
917.
935.
952.
970.

80
00
00
80
40
20
20
40
00
80
00
40
00
00
40
80
80
00
00
40

988. 60

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

303.
389.
415.
441.
408.
490.
524.
552.
582.
011.
042.
072.
704.
730.
708.
801.
835.
870.
905.
940.

00
20
20
00
80
40
40
80
00
00
00
80
00
00
80
00
00
00
20
80

1, 977. 20

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

01
03
05
00
08
09
11
12
13
15
10
17
18
19
20
21
22
23
24
25

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
70
75
75
74
75

3. 26

♦Calculated on basis of $1,000 bond (face value).
1 For redemption values and investment yields during original and first extended maturity periods see Department Circular No. 653, Fifth Revision, dated
September 23, 1959.
2 30 years from issue date.




12
TABLE 6
B O N D S B E A R IN G IS SU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1942
Issue price_____________________
Original maturity valu e_______
First extended maturity value.

$18. 75
25. 00
34. 17

$37. 50
50. 00
68. 34

$75. 00
100. 00
136. 68

$375. 00
500. 00
683. 40

$750. 00

1, 000. 00

Approximate investment yield*

1, 366. 80

(1) Redemption values during each half-year period
(values increase on first day of period shown)

(3) On current
(2) On purchase redemption value
price from issue from beginning
date to beginning
of each halfof each halfyear period to
year period
second extended
maturity

Feriod after first extended maturity
(beginning 20 years after issue date)
SECOND E X T E N D E D M A T U R IT Y PE RIO D i

Percent

First % year_____ ___ I -----------34 to 1 year____________________
1 to 1)4 years_____ •
.----------------1Y to 2 years_________________
2 to 2 Y years_________________
2)4 to 3 years_________________
3 to 3 Y years--------------------------3 Y> to 4 years_________________
4 to 4 Y years_________________
4 Yz to 5 years--------------------------5 to 5 Y years-------------------------5 Yi to 6 years_________________
6 to 6Y years_________________
6Y to 7 years_________________
7 to 7Yi years_________________
7 Y to 8 years_________________
8 to 8 Y years_________________
8Y to 9 years--------------------------9 to 9Y years_________________
9 Y to 10 years________________
SECOND EXTENDED M A ­
T U R IT Y
VALUE
(20
years from original ma­
turity date) 2_____________

$34.
34.
35.
36.
36.
37.
38.
38.
39.
40.
41.
41.
42.
43.
44.
45.
46.
46.
47.
48.

17
81
46
13
81
50
20
92
64
39
15
92
70
50
32
15
00
86
74
63

49. 54

$68.
69.
70.
72.
73.
75.
76.
77.
79.
80.
82.
83.
85.
87.
88.
90.
92.
93.
95.
97.

34
62
92
26
62
00
40
84
28
78
30
84
40
00
64
30
00
72
48
26

99. 08

$136.
139.
141.
144.
147.
150.
152.
155.
158.
161.
164.
167.
170.
174.
177.
180.
184.
187.
190.
194.

68
24
84
52
24
00
80
68
56
56
60
68
80
00
28
60
00
44
96
52

198. 16

$683.
696.
709.
722.
736.
750.
764.
778.
792.
807.
823.
838.
854.
870.
886.
903.
920.
937.
954.
972.

40
20
20
60
20
00
00
40
80
80
00
40
00
00
40
00
00
20
80
60

990. 80

$1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

366.
392.
418.
445.
472.
500.
528.
556.
585.
615.
646.
676.
708.
740.
772.
806.
840.
874.
909.
945.

80
40
40
20
40
00
00
80
60
60
00
80
00
00
80
00
00
40
60
20

1, 981. 60

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

02
04
06
07
09
10
12
13
14
16
17
18
19
20
21
22
23
24
25
26

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
74
74
74
74

3. 26

’ Calculated on basis of $1,000 bond (face value).
1 For redemption values and investment yields during original and first extended maturity periods see Department Circular No. 653, Fifth Revision, dated
September 23,1959.
2 30 years from issue date.




13
TABLE 7
B O N D S B E A R IN G ISSU E D A T E S F R O M D E C E M B E R 1, 1942, T H R O U G H M A Y 1, 1943
Issue price_____________________
Original maturity value_______
First extended maturity value.

$18. 75
25. 00
34. 26

$37. 50
50. 00
68. 52

$75. 00
100. 00
137. 04

$375. 00
500. 00
685. 20

$750. 00

1, 000. 00

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after first extended maturity
(beginning 20 years after issue date)

Approximate investment yield*

1, 370. 40

(3) On current
(2) On purchase redemption value
price from issue from beginning
date to beginning
of each halfof each halfyear period to
year period
second extended
maturity

SECOND E X T E N D E D M A T U R IT Y PE R IO D i

Percent

First Yz year. __ _ ___ ______
Yi to 1 year _ _ _ _ _ _
I t o V/2 y e a r s ._
____
l Y to 2 years___________________
2 to 2 Yz years------------------------ _
to 3 years _ --------------3 to 3j4 y ea rs-- _ _ -------.
3% to 4 years_______ _________
4 to 4:% years -------------4 ^ to 5 y e a r s ._ . _____
5 to 5]4 years____________ _
5 Y2 to 6 years _______
6 to 6% y e a r s _____________
6 Y to 7 years ________
7 to 7Y years _______________
7 Y to 8 years _______ ______
8 to 8 Yi y e a r s ____ _______
8 ^ to 9 years. ________
9 to 9 Y years ____
9 }i to 10 years _ ____
SECOND EXTENDED M A ­
T U R IT Y
VALUE
(20
years from original m a­
turity d a te)2 _ __________

$34.
34.
35.
36.
36.
37.
38.
39.
39.
40.
41.
42.
42.
43.
44.
45.
46.
46.
47.
48.

26
90
56
22
90
59
30
02
75
49
25
03
82
62
44
27
12
98
86
76

4 9 .6 8

$68.
69.
71.
72.
73.
75.
76.
78.
79.
80.
82.
84.
85.
87.
• 88.
90.
92.
93.
95.
97.

52
80
12
44
80
18
60
04
50
98
50
06
64
24
88
54
24
96
72
52

99. 36

$137.
139.
142.
144.
147.
150.
153.
156.
159.
161.
165.
168.
171.
174.
177.
181.
184.
187.
191.
195.

04
60
24
88
60
36
20
08
00
96
00
12
28
48
76
08
48
92
44
04

1 9 8 .7 2

$685.
698.
711.
724.
738.
751.
766.
780.
795.
809.
825.
840.
856.
872.
888.
905.
922.
939.
957.
975.

20
00
20
40
00
80
00
40
00
80
00
60
40
40
80
40
40
60
20
20

993. 60

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1.
1,
1,
1,
1,
1,
1,

370.
396.
422.
448.
476.
503.
532.
560.
590.
619.
650.
681.
712.
744.
777.
810.
844.
879.
914.
950.

40
00
40
80
00
60
00
80
00
60
00
20
80
80
60
80
80
20
40
40

1, 987. 20

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

04
05
07
09
10
12
13
14
16
17
18
19
20
21
22
23
24
25
26
27

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
76
77
77

3. 27

•Calculated on basis of $1,000 bond (face value).
1 For redemption values and investment yields during original and first extended maturity periods see Department Circular No. 653, Fifth Revision, dated
September 23, 1959.
* 30 years from issue date.




TABLE 8
B O N D S B E A R IN G IS SU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1943
Issue price
___
Original maturity v a lu e .
___
First extended maturity value.

$18. 75
25. 00
34. 34

$37. 50
50. 00
6 8 .6 8

$75. 00
100. 00
137. 36

$375. 00
500. 00
686. 80

$750. 00
1, 000. 00
1, 373. 60

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after first extended maturity
(beginning 20 years after issue date)

Approximate investment yield*

(3) On current
(2) On purchase redemption value
price from issue from beginning
date to beginning
of each halfof each halfyear period to
year period
second extended
maturity

SECOND E X T E N D E D M A T U R IT Y PE RIO D 1

Percent

First K year
______
Yz to 1 year
___
___
1 to 1 ^ years _______
. _
1}4 to 2 years
_ ___ _____
2 to
years
_
..
2 } ‘2 to 3 years
—
._
3 to 3}{ years___________________
3}4 to 4 years
------------4 to 4 ^ years
-----------—
4}4 to 5 years
__
_ _
5 to 5% vears _ --------------5}4 to 6 years
- _________
6 to 6}i years.
. ________ __
6}i to 7 years __
_______
7 to 7Y years . ___________ __
7Y to 8 years. _ ________ __
8 to 8 Y years
. ----------------8}i to 9 years
----9 to 9}4 years___________________
9 }i to 10 years_________________
SECOND EXTENDED M A ­
T U R I T Y VALUE (20
years from original m a­
turity date)2
___ __

$34.
34.
35.
36.
36.
37.
38.
39.
39.
40.
41.
42.
42.
43.
44.
45.
46.
47.
47.
48.

34
98
64
31
99
68
39
11
84
59
35
13
92
72
54
37
23
09
98
87

49. 79

$68.
69.
71.
72.
73.
75.
76.
78.
79.
81.
82.
84.
85.
87.
89.
90.
92.
94.
95.
97.

68
96
28
62
98
36
78
22
68
18
70
26
84
44
08
74
46
18
96
74

99. 58

$137.
139.
142.
145.
147.
150.
153.
156.
159.
162.
165.
168.
171.
174.
• 178.
181.
184.
188.
191.
195.

36
92
56
24
96
72
56
44
36
36
40
52
68
88
16
48
92
36
92
48

199.16

$686.
699.
712.
726.
739.
753.
767.
782.
796.
811.
827.
842.
858.
874.
890.
907.
924.
941.
959.
977.

80
60
80
20
80
60
80
20
80
80
00
60
40
40
80
40
60
80
60
40

995. 80

$1,
1,
1,
1,
1.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

373.
399.
425.
452.
479.
507.
535.
564.
593.
623.
654.
685.
716.
748.
781.
814.
849.
883.
919.
954.

60
20
60
40
60
20
60
40
60
60
00
20
80
80
60
80
20
60
20
80

1, 9 9 1 .6 0

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

05
07
08
10
11
13
14
15
17
18
19
20
21
22
23
24
25
26
27
27

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
74
75
74
77

3. 28

’ Calculated on basis of $1,000 bond (face value).
1 For redemption values and investment yields during original and first extended maturity periods see Department Circular No. 653, Fifth Revision, dated
i September 23,1959.
2 30 years from issue date.




15
TABLE 9
-......-----

B O N D S B E A R IN G ISSU E D A T E S F R O M D E C E M B E R 1, 1943, T H R O U G H M A Y 1, 1944
---- --- T
1

Issue price _
_____
Original maturity value. _
First extended maturity value-

318. 75
25. 00
34. 43

$37. 50
50. 00
68. 86

$ 7 5 .0 0
100. 00
137. 72

$375. 00
500. 00
688. 60

$ 7 5 0 .0 0
1, 000. 00
1, 377. 20

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after first extended maturity
(beginning 20 years after issue date)

Approximate investment yield*

(3) On current
(2) On purchase redemption value
price from issue from beginning
date to beginning
of each halfof each halfyear period to
year period
second extended
maturity

SECOND E X T E N D E D M A T U R IT Y P E R IO D i

Percent

First K year. _ ________________
Yi to 1 y e a r . ________ __________
1 to lyi y e a r s ____ __ - ___ 1/4 to 2 years___ __________
2 to 2 years _____________ 2,]4 to 3 y e a r s . ___ _____________
3 to 3]4 years
___
________
3j4 to 4 years___
_ __________
4 to 4}4 years _ _______________
4)4 to 5 years ______ __ ______
5 to 5}4 years_____ __________
5/4 to 6 years _______________6 to Q]4 years_____ _____ __
6)4 to 7 y e a r s . ___
_______ .
7 to 7 /li years __ ___________
7]4 to 8 y e a r s ____________ _ 8 to 8 ]4 y e a r s ________ ______ 8 ]4 to 9 years
_ _
9 to 9)4 years
___ _______ __
ftVo to 10 vears
SECON D EXTEND ED M A T U R I T Y V A L U E (2 0
years from original maturitv date') 2

$34.
35.
35.
36.
37.
37.
38.
39.
39.
40.
41.
42.
43.
43.
44.
45.
46.
47.
48.
49.

43
08
73
40
09
78
49
21
95
70
46
24
03
83
66
49
35
22
10
00

49. 92

$68.
70.
71.
72.
74
75.
76.
78.
79.
81.
82.
84
86.
87.
89.
90.
92.
94.
96.
98.

86
16
46
80
18
56
98
42
90
40
92
48
06
66
32
98
70
44
20
00

99. 84

$137.
140.
142.
145.
148.
151.
153.
156.
159.
162.
165.
168.
172.
175.
178.
181.
185.
188.
192.
196.

72
32
92
60
36
12
96
84
80
80
84
96
12
32
64
96
40
88
40
00

199. 68

$688.
701.
714.
728.
741.
755.
769.
784
799.
814.
829.
844.
860.
876.
893.
909.
927.
944.
962.
980.

60
60
60
00
80
60
80
20
00
00
20
80
60
60
20
80
00
40
00
00

998. 40

$1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

377.
403.
429.
456.
483.
511.
539.
568.
598.
628.
658.
689.
721.
753.
786.
819.
854.
888.
924
960.

20
20
20
00
60
20
60
40
00
00
40
60
20
20
40
60
00
80
00
00

1, 996. 80

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

06
08
09
11
12
14
15
16
18
19
20
21
22
23
24
25
26
27
28
28

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
74
74
75
76

3. 29

‘ Calculated on basis of $1,000 bond (face value).
i For redemption values and investment yields during original and first extended maturity periods see Department Circular No. 653, Fifth Revision, dated
September 23,1959.
a 30 years from issue date.




16

TABLE 10
B O N D S B E A R IN G IS SU E D A T E S F R O M
Issue price, _
_
Original maturity value
First extended maturity value.

Period after first extended maturity
(beginning 20 years after issue date)

$7. 50
10. 00
13. 80

$18. 75
25. 00
34. 51

$37. 50
50. 00
69. 02

1944

JUNE 1 T H R O U G H N O V E M B E R j J ^
$75. 00
100. 00
138. 04

$375. 00
500. 00
690. 20

$750. 00
1, 000. 00
1, 380. 40

(1) Redemption values during each half-year period (values increase on first day
of period shown)

SECOND E X T E N D E D M A T U R IT Y PP;RI0D1

First Yz y e a r ___
Y<i to 1 year _ _
1 to 1}4 y e a r s ___
1Y to 2 years. _
2 to 2 }i years
2 Yi to 3 vears
3 to 3Y years__________________
3 Yi to 4 years
4 to 4)4 years
4 Yz to 5 years
5 to 5 Y vears
5 Yz to 6 years___
6 to 6Y vears__________________
6 Y to 7 years__________________
7 to 7H years
_____
7Y to 8 vears
_ _ _
8 to 8Yt years ___
8)2 to 9 years
9 to 9 }i years__________________
9 }i to 10 years
SECOND EXTENDED M A ­
T U R IT Y
VALUE
(20
years from original m a­
turity d a te)2

$13.
14.
14.
14.
14.
15.
15.
15.
16.
16.
16.
16.
17.
17.
17.
18.
18.
18.
19.
19.

80
06
33
60
87
15
43
72

02
32
62
93
25
58
90
24
58
93
28
65

20. 02

$34.
35.
35.
36.
37.
37.
38.
39.
40.
40.
41.
42.
43.
43.
44.
45.
46.
47.
48.
49.

51
16
82
49
17
87
58
30
04
79
55
33
13
94
76
60
45
33
21
12

50. 04

$69.
70.
71.
72.
74.
75.
77.
78.
80.
81.
83.
84.
86 .
87.
89.
91.
92.
94.
96.
98.

02 $138. 04
32
140. 64
64
143. 28
98
145. 96
34
148. 68
74
151. 48
154. 32
16
60
157. 20
08
160. 16
58
163. 16
10
166. 20
66
169. 32
26
172. 52
88
175. 76
52
179. 04
20
182. 40
90
185. 80
66
189. 32
192. 84
42
24
196. 48

100. 08

200. 16

$690.
703.
716.
729.
743.
757.
771.
786.
800.
815.
831.
846.
862.
878.
895.
912.
929.
946.
964.
982.

20 $1, 380. 40
1, 406. 40
20
1, 432. 80
40
80
1, 459. 60
1, 486. 80
40
1, 514. 80
40
1, 543. 20
60
00
1, 572. 00
1 , 601. 60
80
1, 631. 60
80
1 , 662. 00
00
1, 693. 20
60
1, 725. 20
60
1, 757. 60
80
1, 790. 40
20
1, 824. 00
00
1, 858. 00
00
1, 893. 20
60
20
1, 928. 40
40
1, 964. 80

1, 000. 80

2, 001. 60

Approximate investment
yield*

(2) On pur­
chase price
from issue
date to be­
ginning of each
half-year
period

(3) On current
redemption
value from
beginning of
each half-year pe­
riod to second ex­
tended maturity

Percent

Percent

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

07
09
11
12
13
15
16
17
19
20
21
22
23
24
25
26
27
28
28
29

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
76
75
76
75

3. 30

♦Calculated on basis of $1,000 bond (face value).
dgfe
1For redemption values and investment yields during original and first extended maturity periods See Department Circular No. 653, Fifth Revision, dated
September 23,1959.
2 30 years from issue date.




17
TABLE 11
B O N D S B E A R IN G ISSU E D A T E S F R O M D E C E M B E R 1, 1944, T H R O U G H M A Y 1, 1945
Issue price
Original maturity v a lu e ..
Period after original maturity
(beginning 10 years after issue
date)

$7. 50
10. 00

$18. 75
25. 00

$37. 50
50. 00

$75. 00
100. 00

$375. 00
500. 00

$750. 00
1, 000. 00

(1) Redemption values during each half-year period (values increase on first day of
period shown)
FIRST E X T E N D E D M A T U R IT Y PE RIO D •

Approximate investment yield*
(3) On current
(2) On purchase redemption value
price from issue
from beginning
date to beginning of each half-year
of each half-year period (a) to first
period
extended
maturity
Percent

First Vi year __
____ _
Y<i to 1 year_
_ - ___
1 to 1 years _
1 Y> to 2 y e a r s .. _
- 2 to 2 Y<i y ea rs-.
- 2 l/> to 3 years_____________
3 to S y years_- __
3}<! to 4 y e a r s _____
4 to
y e a r s ___
- 4 /l , to 5 years _ .
_____

$10.
10.
10.
10.
10.
10.
10.
11.
11.
11.

00
15
30
45
60
76
92
08
24
40

$25.
25.
25.
26.
26.
26.
27.
27.
28.
28.

00
37
75
12
50
90
30
70
10
50

$50.
50.
51.
52.
53.
53.
54.
55.
56.
57.

00
75
50
25
00
80
60
40
20
00

$100.
101.
103.
104.
106.
107.
109.
110.
112.
114.

00
50
00
50
00
60
20
80
40
00

$500.
507.
515.
522.
530.
538.
546.
554.
562.
570.

00
50
00
50
00
00
00
00
00
00

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

000.
015.
030.
045.
060.
076.
092.
108.
124.
140.

00
00
00
00
00
00
00
00
00
00

Percent

2.
2.
2.
2.
2.
2.
2.
2.
2.
2.

90
90
90
91
90
91
91
91
91
91

f3.
f3.
|3.
t3.
t3.
t3.
f3.
t3.
t3.
J3.

00
00
00
01
02
02
02
03
04
55

2.
2.
2.
2.
2.
2.
2.
3.
3.
3.

92
93
94
95
96
98
99
02
04
06

3.
3.
3.
3.
3.
3.
3.
3.
3.
4.

58
62
67
71
77
83
93
95
99
07

Redemption values and investment yields to first extended maturity on basis of June 1, 1959, revision

5 to 5j4 years
5y to 6 years

__

--------

6 to 6}i years ____
6 y to 7 y e a r s ____
7 to 7K y e a r s ____
7y to 8 years_____ 8 to 8x
/i y e a r s __ __
8% to 9 y e a r s ___
.
9 to 9 years
9 y to 10 years___________
F IR S T E X T E N D E D
M A T U R IT Y
VAL U E (10 years
from original ma­
turity d a te) 2
_ _

$11.
11.
11.
12.
12.
12.
12.
13.
13.
13.

58
77
96
16
37
58
80
05
30
56

1 3 .8 4

Period after first extended ma­
turity (beginning 20 years after
issue date)

First Yi year______________
y> to 1 y e a r ........ ................
1 to
years
1y to 2 y ears.- __
2 to 2 y y e a r s ____
-_
2 y to 3 years_____________
3 to 3 y years
___
3 y to 4 years
4 to 4 y years. __
4 y to 5 years . _
5 to 5y years. _ . _____
b y to 6 years
.............
6 to a y years_____________
6y to 7 years _
7 to 7 y years, _ _ .........
7 y to 8 years __
_
8 to 8 y years
...
8 y> to 9 vears_____________
9 to 9y years_____________
(.) y to 10 years
SECO N D EXTEND ED
M A T U R IT Y
VALUE (20 years
from original ma­
turity date) 3 ____

$28.
29.
29.
30.
30.
31.
32.
32.
33.
33.

96
43
91
41
92
46
00
62
25
90

3 4 .5 9

$57.
58.
59.
60.
61.
62.
64.
65.
66.
67.

92
86
82
82
84
92
00
24
50
80

69. 18

$115.
117.
119.
121.
123.
125.
128.
130.
133.
135.

84
72
64
64
68
84
00
48
00
60

1 3 8 .3 6

$579.
588.
598.
608.
618.
629.
640.
652.
665.
678.

20
60
20
20
40
20
00
40
00
00

691. 80

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

158.
177.
196.
216.
236.
258.
280.
304.
330.
356.

40
20
40
40
80
40
00
80
00
00

1, 383. 60

3. 09
(b) to second

SECOND E X T E N D E D M A T U R IT Y PERIOD

$13.
14.
14.
14.
14.
15.
15.
15.
16.
16.
16.
16.
17.
17.
17.
18.
18.
18.
19.
19.

84
10
36
63
90
18
47
76
05
35
66
97
29
62
94
28
62
98
33
69

20. 06

$34.
35.
35.
36.
37.
37.
38.
39.
40.
40.
41.
42.
43.
44.
44.
45.
46.
47.
48.
49.

59
24
90
57
26
96
67
39
13
88
65
43
23
04
86
71
56
44
32
23

50. 15

$69.
70.
71.
73.
74.
75.
77.
78.
80.
81.
83.
84.
86.
88.
89.
91.
93.
94.
96.
08.

18
48
80
14
52
92
34
78
26
76
30
86
46
08
72
42
12
88
64
46

100. 30

$138.
140.
143.
146.
149.
151.
154.
157.
160.
163.
166.
169.
172.
176.
179.
182.
186.
189.
193.
196.

36
96
60
28
04
84
68
56
52
52
60
72
92
16
44
84
24
76
28
92

200. 60

$691.
704.
718.
731.
745.
759.
773.
787.
802.
817.
833.
848.
864.
880.
897.
914.
931.
948.
966.
984.

80
80
00
40
20
20
40
80
60
60
00
60
60
80
20
20
20
80
40
60

1, 0 0 3 .0 0

extended
maturity

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

383.
409.
436.
462.
490.
518.
546.
575.
605.
635.
666.
697.
729.
761.
794.
828.
862.
897.
932.
969.

60
60
00
80
40
40
80
60
20
20
00
20
20
60
40
40
40
60
80
20

2, 006. 00

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

09
10
12
13
15
16
17
18
20
21
22
23
24
25
26
27
27
28
29
30

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
74
75
74
75
74

3. 31

•Calculated on basis of $1,000 bond (face value).
fApproximate investment yield from beginning of each half-year period to first extended maturity, at first extended maturity value prior to June 1,1959
revision.
} Approximate investment yield from effective date of June 1, 1959 revision to first extended maturity.
1 For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 23,1959.
2 20 years from issue date.
3 30 years from issue date.

759—084°— {55-------3




TABLE 12
B O N D S B E A R IN G IS S U E D A T E S F R O M JUN E 1 T H R O U G H N O V E M B E R 1, 1945

Issue price __
Original maturity value_

$7. 50
10. 00

$18. 75
25. 00

$37. 50
50. 00

$75. 00
100. 00

$150. 00
200. 00

$375. 00
500. 00

$750. 00
1, 000. 00

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

FIRST E X T E N D E D M A T U R IT Y P E RIO D i

Approximate investment
yield*
(3) On cur­
(2) On pur­
rent redemp­
chase price
tion value
from issue
from begin­
date to begin­ ning of each
ning of each
half-year
half-year
period (a) to
period
first extended
maturity
Percent

First Y y ear. . .
34 to 1 year
____
_______
1 to 1% years
1 34 to 2 years
_ _
2 to 234 years
2)4 to 3 years
___
3 to 3)4 years
- 4 to 4 34 years____________

$10.
10.
10.
10.
10.
10.
10.
11.
11.

00
15
30
45
60
76
92
08
24

$25.
25.
25.
26.
26.
26.
27.
27.
28.

00
37
75
12
50
90
30
70
10

$50.
50.
51.
52.
53.
53.
54.
55.
56.

00
75
50
25
00
80
60
40
20

$100.
101.
103.
104.
106.
107.
109.
110.
112.

00
50
00
50
00
60
20
80
40

$200.
203.
206.
209.
212.
215.
218.
221.
224.

00
00
00
00
00
20
40
60
80

$500.
507.
515.
522.
530.
538.
546.
554,
562.

00
50
00
50
00
00
00
00
ao

$1,
1,
1,
1,
1,
1,
1,
1,
1,

000.
015.
030.
045.
060.
076.
092.
108.
124.

00
00
00
00
00
00
00
00
00

Percent

2.
2.
2.
2
2.
2.
2.
2.
2.

90
90
90
91
90
91
91
91
91

f3.
t3.
t3.
t&
t3.
f3.
f3.
t3.
13.

00
00
00
01
02
02
02
03
54

2.
2.
2.
2.
2.
2.
2.
3
3
3.
3.

91
92
94
95
96
98
99
00
03
05
07

3.
3.
3.
3.
3.
3.
3.
3.
3.
4.
4.

59
63
66
70
74
80
86
95
98
01
06

Redemption values and investment yields to first extended maturity on basis of June 1, 1959, revision

4/4 to 5 y e a r s _____ _____
5 to 534 years _
534 to 6 years
6 to 634 years
GY to 7 years
_____
7 to 7 Y years
7 Y to 8 years
8 to 8 Y years _ ______
8/4 to 9 years
__ _
9 to 9/4 years
__ _
9 Y to 10 years______
F IR S T E X T E N D E D
M A T U R IT Y
VAL U E (10 years
from original m a­
turity d a te )2________

$11.
11.
11.
11.
12.
12.
12.
12.
13.
13.
13.

40
59
78
98
18
39
61
83
08
33
60

13. 87

$28.
28.
29.
29.
30.
30.
31.
32.
32.
33.
33.

34. 68

Period after first extended ma­
turity (beginning 20 years
after issue date)

First Yi year______________
Yi to 1 year
__ __
1 to 1)4 years------------------134 to 2 years
____
2 to 2/4 years. - ___
234 to 3 years_______
3 to 3/4 vears
334 to 4 years. . ___
4 to 4/4 years___ __
4/4 to 5 years
5 to 534 years. _ __
5 Vi to 6 years____________
6 to 6/4 years
6/4 to 7 years
_
7 to 7 )'i years. _________
7^4 to 8 y e a r s ___
____
8 to 834 years____________
8^4 to 9 y e a r s . _______ __
9 to 934 years___ _______
934 to 10 years____ __
SECOND EXTENDED
M A T U R IT Y
VALUE (20 years
from original ma­
turity d a te )3.
___ _

51
97
46
95
46
98
52
07
69
33
99

$57.
57.
58.
59.
60.
61.
63.
64.
65.
66.
67.

02
94
92
90
92
96
04
14
38
66
98

69. 36

$114.
115.
117.
119.
121.
123.
126.
128.
130.
133.
135.

04
88
84
80
84
92
08
28
76
32
96

138. 72

$228.
231.
235.
239.
243.
247.
252.
256.
261.
266.
271.

08
76
68
60
68
84
16
56
52
64
92

277. 44

$570.
579.
589.
599.
609.
619.
630.
641.
653.
666.
679.

20
40
20
00
20
60
40
40
80
60
80

693. 60

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

140.
158.
178.
198.
218.
239.
260.
282.
307.
333.
359.

40
80
40
00
40
20
80
80
60
20
60

1, 387. 20

3. 10
(b) to second
extended
maturity

SECOND E X T E N D E D M A T U R IT Y P E RIO D

$13.
14.
14.
14.
14.
15.
15.
15.
16.
16.
16.
17.
17.
17.
17.
18.
18.
19.
19.
19.

87
13
40
67
94
22
51
80
10
40
70
02
34
66
99
33
67
02
38
74

20. 11

$34.
35.
35.
36.
37.
38.
38.
39.
40.
40.
41.
42.
43.
44.
44.
45.
46.
47.
48.
49.

68
33
99
67
36
06
77
50
24
99
76
54
34
15
98
82
68
56
45
36

50. 28

$69.
70.
71.
73.
74.
76.
77.
79.
80.
81.
83.
85.
86.
88.
89.
91.
93.
95.
96.
98.

36
66
98
34
72
12
54
00
48
98
52
08
68
30
96
64
36
12
90
72

100. 56

$138.
141.
143.
146.
149.
152.
155.
158.
160.
163.
167.
170.
173.
176.
179.
183.
186.
190.
193.
197.

72
32
96
68
44
24
08
00
96
96
04
16
36
60
92
28
72
24
80
44

201. 12

$277.
282.
287.
293.
298.
304.
310.
316.
321.
327.
334.
340.
346.
353.
359.
366.
373.
380.
387
394.

44
64
92
36
88
48
16
00
92
92
08
32
72
20
84
56
44
48
60
88

402. 24

$693.
706.
719.
733.
747.
761.
775.
790.
804.
819.
835.
850.
866.
883.
899.
916.
933.
951.
969.
987.

60
60
80
40
20
20
40
00
80
80
20
80
80
00
60
40
60
20
00
20

1, 005. 60

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1
1

387.
413.
439.
466.
494
522.
550.
580.
609.
639.
670.
701.
733.
766.
799.
832.
867.
902.
938.
974.

20
20
60
80
40
40
80
00
60
60
40
60
60
00
20
80
20
40
00
40

2, 011. 20

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3
3.
3.
3.

10
11
13
14
16
17
18
20
21
22
23
24
25
26
27
28
28
29
30
31

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
74
74
73

3. 32

■"Calculated on basis of $1,000 bond (face value).
tApproximate investment yield from beginning of each half-year period to first extended maturity, at first extended maturity value prior to June 1, 1959
revision.
tApproximate investment yield from effective date of June 1, 1959 revision to first extended maturity.
1 For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 23,1959.
2 20 years from issue date.
3 30 years from issue date.




19

TABLE 13
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1945, T H R O U G H M A Y 1, 1946

Issue price
Original maturity value.

$7. 50
10. 00

$18. 75
25. 00

$37. 50
50. 00

$75. 00
100. 00

$150. 00
200. 00

$375. 00
500. 00

$750.00
1, 000. 00

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

FIRST E X T E N D E D M A T U R IT Y PERIOD>

Approximate investment
yield*
(3) On cur­
(2) On pur­
rent redemp­
chase price
tion value
from issue
from begin­
date to begin­ ning of each
ning of each
half-year
half-year
period (a) to
period
first extended
maturity
Percent

First % year.......................Yi to 1 year---------------------1 to V/2 years— ............. V /i to 2 years____ - ______
2 to 2 Yi years____________
2}<> to 3 years___________
3 to 3}£ years — ------------3 lA to 4 years-------------------

$10.
10.
10.
10.
10.
10.
10.
11.

00
15
30
45
60
76
92
08

$25.
25.
25.
26.
26.
26.
27.
27.

00
37
75
12
50
90
30
70

$50.
50.
51.
52.
53.
53.
54.
55.

00
75
50
25
00
80
60
40

$100.
101.
103.
104.
106.
107.
109.
110.

00
50
00
50
00
60
20
80

$200.
203.
206.
209.
212.
215.
218.
221.

00
00
00
00
00
20
40
60

$500.
507.
515.
522.
530.
538.
546.
554.

00
50
00
50
00
00
00
00

$1,
1,
1,
1,
1,
1,
1,
1,

000.
015.
030.
045.
060.
076.
092.
108.

00
00
00
00
00
00
00
00

Percent

2.
2.
2.
2.
2.
2.
2.
2.

90
90
90
91
90
91
91
91

f3.
|3.
f3.
f3.
f3.
t3.
f3.
|3.

00
00
00
01
02
02
02
53

2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.
3.

91
91
93
94
96
97
99
00
02
04
06
09

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.
4.

58
64
66
69
73
77
82
89
97
99
03
11

Redemption values and investment yields to first extended maturity on basis of June 1 1959, revision

4 to m years------------4 y2 to 5 years......................
5 to 5Yz years.......................
5 Yi to 6 years-----------------6 to 6Y y e a r s ...........—
6 Yi to 7 years------------------7 to 7 Yi years------------------lYi to 8 y e a r s . ------------8 to 8Yi years____________
8 Yi to 9 years____________
9 to 9 ^ v e a rs__
9Yi to 10 years----------------FIR S T E X T E N D E D
M A T U R IT Y
VALUE (10 years
from original
maturity date)2

$11.
11.
11.
11.
12.
12.
12.
12.
12.
13.
13.
13.

24
41
60
80
00
20
42
63
86
11
36
63

$28. 11
28. 52
29. 00
29. 49
29. 99
30. 51
31. 04
31. 58
32. 14
32. 77
33. 41
3 4 .0 7

13.91

34. 77

Period after first extended ma­
turity (beginning 20 years
after issue date)

First Y yea r.
------------Yi to 1 vear
---------------1 to V/2 years........ ..............
1 Yi to 2 years____________
2 to 2 Y2 years
________
3 to 3 Yi years------------------3H to 4 vears.................... ..
4 to 4 Yi v e a r s ._ -----------4 Yi to 5 vears____________
5 to 5Yi y e a r s ..
—
5 H to 6 years. ________
6 to 6Yi years. ----------(j Yi to 7 years.
------7 to 7Y years____________
7 Yi to 8 years __
8 to 8 Yi years____________
SYi to 9 years.
9 to 9Y years____________
9 Yi to 10 years. . _ SECON D EXTENDED
M A T U R IT Y
VALUE (20 years
from original
maturity date) 3_____

$56.
57.
58.
58.
59.
61.
62.
63.
64.
65.
66.
68.

22
04
00
98
98
02
08
16
28
54
82
14

69. 54

$112.
114.
116.
117.
119.
122.
124.
126.
128.
131.
133.
136.

44
08
00
96
96
04
16
32
56
08
64
28

139. 08

$224.
228.
232.
235.
239.
244.
248.
252.
257.
262.
267.
272.

88
16
00
92
92
08
32
64
12
16
28
56

278.16

$562.
570.
580.
589.
599.
610.
620.
631.
642.
655.
668.
681.

20
40
00
80
80
20
80
60
80
40
20
40

69 5.40

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

124.
140.
160.
179.
199.
220.
241.
263.
285.
310.
336.
1, 362.

40
80
00
60
60
40
60
20
60
80
40
80

1, 390. 80

3. 11
(b) to second
extended
maturity

SECOND E X T E N D E D M A T U R IT Y PE RIO D

$13.
14.
14.
14.
14.
15.
15.
15.
16.
16.
16.
17.
17.
17.
18.
18.
18.
19.
19.
19.

91
17
44
70
98
26
55
84
14
44
75
06
38
71
04
38
72
07
43
80

20. 16

$34.
35.
36.
36.
37.
38.
38.
39.
40.
41.
41.
42.
43.
44.
45.
45.
46.
47.
48.
49.

77
42
09
76
45
15
87
ttO
34
10
87
65
45
27
10
94
80
68
58
49

50. 41

$69.
70.
72.
73.
74.
76.
77.
79.
80.
82.
83.
85.
86.
88.
90.
91.
93.
95.
97.
98.

54 $139. 08
84
141. 68
18
144. 36
52
147. 04
90
149. 80
30
152. 60
74
155. 48
20
158. 40
68
161. 36
20
164. 40
74
167. 48
30
170. 60
90
173. 80
54
177. 08
20
180. 40
88
183. 76
60
187. 20
36
190. 72
194. 32
16
98
197. 96

100. 82

201.64

$278.
283.
288.
294.
299.
305.
310.
316.
322.
328.
334.
341.
347.
354.
360.
367.
374.
381.
388.
395.

16
36
72
08
60
20
96
80
72
80
96
20
60
16
80
52
40
44
64
92

403. 28

$695.
708.
721.
735.
749.
763.
777.
792.
806.
822.
837.
853.
869.
885.
902.
918.
936.
953.
971.
989.

40 $1, 390. 80
1, 416. 80
40
1, 443. 60
80
1, 470. 40
20
1, 498. 00
00
1, 526. 00
00
1, 554. 80
40
1, 584. 00
00
1, 613. 60
80
1, 644. 00
00
1, 674. 80
40
1, 706. 00
00
00
1, 738. 00
1, 770. 80
40
00
1, 804. 00
1, 837. 60
80
1, 872. 00
00
1, 907. 20
60
1, 943. 20
60
1, 979. 60
80

1, 008. 20

2, 016. 40

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

11
13
14
16
17
18
19
21
22
23
24
25
26
27
28
29
29
30
31
32

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
74
75
75
75
73
72

3. 32

‘ Calculated on basis of $1,000 bond (face value).
tA pproximate investment yield from beginning of each half-year period to first extended maturity, at first extended maturity value prior to June 1, 1959
revision.
proximate investment vield
1. 1959 revision to first extended maturity.
JA pproximate
yield from effective date of June 1,
1 For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 23, 1959.
220 years from issue date.
3 30 years from issue date.




20

TABLE 14
B O N D S B E A R IN G IS SU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1946
Issue price _ .
____
Original maturity value.

$7. 50
10. 00

$18. 75
25. 00

$37. 50
50. 00

$75. 00
100. 00

$150. 00
200. 00

$375. 00
500. 00

(3) On cur­
rent redemp­
(2) On pur­
tion value
chase price
from begin­
from issue
date to begin­ ning of each
half-year
ning of each
half-year
period (a) to
period
first extended
maturity

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

Approximat investment
yi<ild*

$750. 00
1, 000. 00

FIRST E X T E N D E D M A T U R IT Y P E RIO D 1

Percent

$10.
10.
10.
10.
10.
10.
10.

First )4 year
)4 to 1 year
1 to 1 )4 years
1)4 to 2 years __
2 to 2)4 years _
2)4 to 3 years
3 to 3)4 years

00
15
30
45
60
76
92

$25.
25.
25.
26.
26.
26.
27.

00
37
75
12
50
90
30

$50.
50.
51.
52.
53.
53.
54.

00
75
50
25
00
80
60

$100.
101.
103.
104.
106.
107.
109.

00
50
00
50
00
60
20

$200.
203.
206.
209.
212.
215.
218.

00
00
00
00
00
20
40

$500.
507.
515.
522.
530.
538.
546.

00
50
00
50
00
00
00

$1,
1,
1,
1,
1,
1,
1,

000.
015.
030.
045.
060.
076.
092.

00
00
00
00
00
00
00

Percent

2.
2.
2.
2.
2.
2.
2.

90
90
90
91
90
91
91

f3.
f3.
f3.
f3.
f3.
f3.
J3.

00
00
00
01
02
02
52

2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.
3.
3.

91
92
92
94
95
97
98
00
01
03
05
08
10

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.
4.
4.

56
61
66
69
72
75
78
83
89
96
00
02
10

Redemption values and investment yields to first extended maturity on basis of June 1 1959, revision

3}t to 4 years .
4 to 4)4 vears - _
4)4 to 5 years. _ . .
5 to 5)4 years.
. --------5)4 to 6 years _ . 6 to 6)4 years____________
6)4 to 7 v e a r s ___
7 to 7)4 years
7)4 to 8 years
8 to 8)4 years
8)4 to 9 years. 9 to 9)4 years _
9)4 to 10 years----------------FIR ST
EXTENDED
M A T U R IT Y
VALUE (10 years
from original ma­
turity date) 2

$11.
11.
11.
11.
11.
12.
12.
12.
12.
12.
13.
13.
13.

08
25
42
61
81
02
23
44
66
89
14
40
66

13. 94

$27.
28.
28.
29.
29.
30.
30.
31.
31.
32.
32.
33.
34.

34. 85

Period after first extended ma­
turity (beginning 20 years
after issue date)

First )4 year
_ ---------)4 to 1 year
__
1 to 1){ years
.
.
1)4 to 2 years
2 to 2)4 years
—
2)4 to 3 vears
3 to 3)4 years ___
3)4 to 4 years_
___
4 to 4)4 years
______
4)4 to 5 years. _ _ _ _
5 to 5)4 years. _ 5)4 to 6 vears___
6 to 6)4 years
6)4 to 7 vears
7 to 7)4 years- .
7)4 to 8 years.
8 to 8)4 years.
_ _
8)4 to 9 years.
. .
9 to 9)4 y e a r s ._ _ .
9)4 to 10 years___________
SECOND EXTENDED
M A T U R IT Y
VALUE (20 years
from original ma­
turity date) 3
.

71
12
55
03
53
04
57
10
65
22
84
49
15

$55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
66.
68.

42
24
10
06
06
08
14
20
30
44
68
98
30

69. 70

$110.
112.
114.
116.
118.
120.
122.
124.
126.
128.
131.
133.
136.

84
48
20
12
12
16
28
40
60
88
36
96
60

139. 40

$221.
224.
228.
232.
236.
240.
244.
248.
253.
257.
262.
267.
273.

68
96
40
24
24
32
56
80
20
76
72
92
20

278. 80

$554.
562.
571.
580.
590.
600.
611.
622.
633.
644.
656.
669.
683.

20
40
00
60
60
80
40
00
00
40
80
80
00

697. 00

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

108.
124.
142.
161.
181.
201.
222.
244.
266.
288.
313.
339.
366.

40
80
00
20
20
60
80
00
00
80
60
60
00

1, 394. 00

3. 12
(b) to second
extended
maturity

SECOND E X T E N D E D M A T U R IT Y PE RIO D

$13.
14.
14.
14.
15.
15.
15.
15.
16.
16.
16.
17.
17.
17.
18.
18.
18.
19.
19.
19.

94
20
47
74
02
30
58
88
17
48
78
10
42
75
08
42
76
12
48
84

20. 21

$34.
35.
36.
36.
37.
38.
38.
39.
40.
41.
41.
42.
43.
44.
45.
46.
46.
47.
48.
49.

85
50
17
85
54
24
96
69
43
19
96
75
55
37
20
05
91
79
69
60

50. 53

$69.
71.
72.
73.
75.
76.
77.
79.
80.
82.
83.
85.
87.
88.
90.
92.
93.
95.
97.
99.

70
00
34
70
08
48
92
38
86
38
92
50
10
74
40
10
82
58
38
20

101. 06

$139.
142.
144.
147.
150.
152.
155.
158.
161.
164.
167.
171.
174.
177.
180.
184.
187.
191.
194.
198.

40
00
68
40
16
96
84
76
72
76
84
00
20
48
80
20
64
16
76
40

202. 12

$278.
284.
289.
294.
300.
305.
311.
317.
323.
329.
335.
342.
348.
354.
361.
368.
375.
382.
389.
396.

80
00
36
80
32
92
68
52
44
52
68
00
40
96
60
40
28
32
52
80

404. 24

$697.
710.
723.
737.
750.
764.
779.
793.
808.
823.
839.
855.
871.
887.
904.
921.
938.
955.
973.
992.

00
00
40
00
80
80
20
80
60
80
20
00
00
40
00
00
20
80
80
00

1, 010. 60

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1.
1,
1,
1,

394.
420.
446.
474.
501.
529.
558.
587.
617.
647.
678.
710.
742.
774.
808.
842.
876.
911.
947.
984.

00
00
80
00
60
60
40
60
20
60
40
00
00
80
00
00
40
60
60
00

2, 021. 20

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

12
14
15
17
18
19
21
22
23
24
25
26
27
28
29
29
30
31
32
32

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
74
75

3. 33

‘ Calculated on basis of $1,000 bond (face value).
tApproximate investment yield from beginning of each half-year period to first extended maturity, at first extended maturity value prior to June 1, 1959
revision.
tApproximate investment yield from effective date of June 1, 1959 revision to first extended maturity.
1 For redemption values and investment yields during original maturity period see Department Circular No. 653, Fiftli Revision , dated September 23,1959.
J 20 years from issue date.
3 30 years from issue date.




21
TABLE 15
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1946, T H R O U G H M A Y 1, 1947
$7. 50
10. 00

Issue price____
Original maturity valu e.

$18. 75
25. 00

$37. 50
50. 00

$75. 00
100. 00

$150. 00
200. 00

$ 3 7 5 .0 0
500. 00

(3) On cur­
(2) On pur­
rent redemp­
chase price
tion value
from issue
from begin­
date to begin­ ning of each
ning of each
half-year
half-year
period (a) to
period
first extended
maturity

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

FIRST E X T E N D E D M A T U R IT Y P E RIO D i

First Vi y e a r ..
Vi to 1 vear. . .
1 to 1 years.
1Y to 2 years.
2 to 2Y years.
2% to 3 years.

$

10. 00
10.
10.
10.
10.
10.

15
30
45
60
76

$25.
25.
25.
26.
26.
26.

00
37
75
12
50
90

$50.
50.
51.
52.
53.
53.

00
75
50
25
00
80

Approximate investment
yield*

$750. 00
1, 000. 00

Percent

$100.
101.
103.
104.
106.
107.

00
50
00
50
00
60

$200.
203.
206.
209.
212.
215.

00
00
00
00
00
20

$500.
507.
515.
522.
530.
538.

000. 00

00
50
00
50
00
00

015.
030.
045.
060.
076.

00
00
00
00
00

2.
2.
2.
2.
2.

90
90
90

91
90

2. 91

Percent

t3. 00

f3. 00
f3.
f3.
f3.
13.

00
01
02
52

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.
4.
4.

55
59
64
69
71
74
77
81
84
91
98
01
04
15

Redemption values and investment yields to first extended maturity on basis of June 1 1959, revision

3 to 3}4 years------------------3% to 4 years __ _
4 to 4}^ years____
4H to 5 years___
5 to 5Y years. _
5 Y to 6 years. .
6 to 6 Y years________ __ _
6}<j to 7 years. .
7 to 7Y years
7Yi to 8 y e a r s ._
8 to 8 Yi years____
8 Yi to 9 years. __
9 to 9 Y years____________
9 Yi to 10 years___________
FIR ST E X T E N D E D
M A T U R IT Y VALUE
(10 years from
original maturity
date) 2 . . .

$10.
11.
11.
11.
11.
11.
12.
12.
12.
12.
12.
13.
13.
13.

92
09
26
43
63
83
04
25
47
69
92
17
43
69

13. 98

$27.
27.
28.
28.
29.
29.
30.
30.
31.
31.
32.
32.
33.
34.

34. 94

Period after first extended ma­
turity (beginning 20 years
after issue date)

Vi to 1 year
I to
years. _ .
1 Y to 2 years . . .
2 to 2 Yi years. _
2 Yz to 3 years____________
3 to 3 Yi years____________
3 }i to 4 years. --------4 to 4}^ years___ . . .
4*4 to 5 years. 5 to 5Y years____________
5 Y to 6 y e a r s ..
6 to 6 }i years.
(\y> to 7 years
7 to 7Yi years____________
7 Y to 8 years.
8 to 8Y2 y e a r s .. . .
to 9 y e a r s .. 9 to 9 Y years .
9 Yi to 10 years___________
SECON D EXTEND ED
M A T U R IT Y VALUE
(20 years from
original maturity
date) 3

31
72
14
58
07
58
09
62
17
72
29
92
57
23

$54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
67.
68.

62
44
28
16
14
16
18
24
34
44
58
84
14
46

69. 88

$109.
110.
112.
114.
116.
118.
120.
122.
124.
126.
129.
131.
134.
136.

24
88
56
32
28
32
36
48
68
88
16
68
28
92

139. 76

$218.
221.
225.
228.
232.
236.
240.
244.
249.
253.
258.
263.
268.
273.

48
76
12
64
56
64
72
96
36
76
32
36
56
84

279. 52

$546.
554.
562.
571.
581.
591.
601.
612.
623.
634.
645.
658.
671.
684.

20
40
80
60
40
60
80
40
40
40
80
40
40
60

698. 80

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

092.
108.
125.
143.
162.
183.
203.
224.
246.
268.
291.
316.
342.
369.

40
80
60
20
80
20
60
80
80
80
60
80
80
20

1 ,3 9 7 . 60

2.
2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.
3.
3.

91
92
92
93
94
96
98
99
01
03
04
07
09
11

3. 14
(b) to second
extended
maturity

SECOND E X T E N D E D M A T U R IT Y P E RIO D

$13
14.
14.
14.
15.
15.
15.
15.
16.
16.
16.
17.
17.
17.
18.
18.
18.
19.
19.
19.

98
24
50
78
06
34
62
92
22
52
83
14
47
79
13
47
81
17
52
89

2 0 .2 6

$34.
35.
36.
36.
37.
38.
39.
39.
40.
41.
42.
42.
43.
44.
45.
46.
47.
47.
48.
49.

94
60
26
94
64
34
06
79
54
30
07
86
67
48
32
17
03
92
81
73

5 0 .6 6

$69
71.
72.
73.
75.
76.
78.
79.
81.
82.
84.
85.
87.
88.
90.
92.
94.
95.
97.
99.

88
20
52
88
28
68
12
58
08
60
14
72
34
96
64
34
06
84
62
46

101. 32

$139
142.
145.
147.
150.
153.
156.
159.
162.
165.
168.
171.
174.
177.
181.
184.
188.
191.
195.
198.

76
40
04
76
56
36
24
16
16
20
28
44
68
92
28
68
12
68
24
92

202. 64

$279
284.
290.
295.
301.
306.
312.
318.
324.
330.
336.
342.
349.
355.
362.
369.
376.
383.
390.
397.

52
80
08
52
12
72
48
32
32
40
56
88
36
84
56
36
24
36
48
84

405. 28

$698
712.
725.
738.
752.
766.
781.
795.
810.
826.
841.
857.
873.
889.
906.
923.
940.
958.
976.
994.

80
00
20
80
80
80
20
80
80
00
40
20
40
60
40
40
60
40
20
60

1, 013. 20

$1
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

397
424.
450.
477.
505.
533.
562.
591.
621.
652.
682.
714.
746.
779.
812.
846.
881.
916.
952.
989.

60
00
40
60
60
60
40
60
60
00
80
40
80
20
80
80
20
80
40
20

2, 026. 40

3
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

14
15
17
18
19
20
22
23
24
25
26
27
28
29
30
30
31
32
33
33

3
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
74
75
74

3. 34

’ Calculated on basis of $1,000 bond (face value).
tApproxlinate investment yield from beginning of each half-year period to first extended maturity, at first extended maturity value prior to June 1, 1959
revision.
IApproximate investment yield from effective date of June 1, 1959 revision to first extended maturity.
1 For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 23,1959.
2 20 years from issue date.
3 30 years from issue date.




22
T A B L E 16
B O N D S B E A R IN G IS SU E D A T E S F R O M JUN E 1 T H R O U G H N O V E M B E R 1, 1947
Issue price
Original maturity value.

$7. 50
10. 00

$18. 75
25. 00

$37. 50
50. 00

$75. 00
100. 00

$150. 00
200. 00

$375. 00
500. 00

(3) On cur­
(2) On pur­
rent redemp­
tion value
chase price
from issue
from begin­
date to begin­ ning of each
half-year
ning of each
half-year
period (a) to
period
first extended
maturity

(1) Redemption values during eacli half-year period
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

Appro ximat investment
yie Id*

$750. 00
1, 000. 00

FIRST E X T E N D E D M A T U R IT Y P E RIO D »

Percent

$10.
10.
10.
10.
10.

First Y year____ __
Yi to 1 vear-------1 to 1 } { years___
to 2 years. _ _
2 to 2 Y years _ _

00
15
30
45
60

$25.
25.
25.
26.
26.

00
37
75
12
50

$50.
50.
51.
52.
53.

00
75
50
25
00

$100.
101.
103.
104.
106.

00
50
00
50
00

$200.
203.
206.
209.
212.

00
00
00
00
00

$500.
507.
515.
522.
530.

00
50
00
50
00

$1,
1,
1,
1,
1.

000.
015.
030.
045.
060.

00
00
00
00
00

Percent

2.
2.
2.
2.
2.

90
90
90
1)1
90

t3.
f3.
t3.
f3.
J3.

00
00
00
01
52

2.
2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.
3.
3.
3.

91
92
92
93
94
95
97
99
01
02
04
05
08
10
12

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.
4.
4.

54
58
62
66
71
73
75
78
82
85
91
99
00
03
08

Redemption values and investment yields to first extended maturity on basis of June 1, 1959, revision

2% to 3 y e a r s .3 to 3 Y y e a r s ..
__
3 Y to 4 years _ _
4 to 4 Y years.
4}^ to 5 years. _ --------- 5 to 5 Y years.
_ _ _
5% to 6 years ______
6 to 6 ^ y e a r s .___ __
6% to 7 years___ _____ __
7 to 7% years___ __
7K to 8 years------------------8 to 8Y years.
8Yi to 9 years.
—
.
9 to 9y2 years. —
__
9 Y to 10 years___________
FIR ST E X T E N D E D
M A T U R IT Y
VALUE (10 years
from original
maturity date) 2____

$10.
10.
11.
11.
11.
11.
11.
12.
12.
12.
12.
12.
13.
13.
13.

76
93
10
27
44
64
85
06
27
49
72
94
20
46
73

14. 01

$26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
31.
32.
33.
33.
34.

35. 02

Period after first extended ma­
turity (beginning 20 years
after issue date)

First Y year_____________
Y to 1 vear
_
.. .
1 to 1J4 years-- - ------lYi to 2 years.
2 to 2Y years________
2 Yi to 3 years------------- 3 to 3 Y years -----------3 Yi to 4 y ears. ----------4 to ±Y years________ . _
4}i to 5 y e a r s --------------5 to 5Y years________ __
5Y to 6 years------6 to 6Y vears.
6Y to 7 years.
—
..
7 to 7Y years. - .
7Yi to 8 years. - _ __
8 to 8Y years.
.
. .
8Y to 9 years.
9 to 9Y years 9 Yi to 10 years___________
SECO N D EXTEND ED
M A T U R IT Y
VALUE (20 years
from original
maturity date) 3____

91
32
74
17
61
11
63
15
68
23
79
36
00
65
32

$53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
66.
67.
68.

82
64
48
34
22
22
26
30
36
46
58
72
00
30
64

70. 04

$107.
109.
110.
112.
114.
116.
118.
120.
122.
124.
127.
129.
132.
134.
137.

64
28
96
68
44
44
52
60
72
92
16
44
00
60
28

140. 08

$215.
218.
221.
225.
228.
232.
237.
241.
245.
249.
254.
258.
264.
269.
274.

28
56
92
36
88
88
04
20
44
84
32
88
00
20
56

280. 16

$538.
546.
554.
563.
572.
582.
592.
603.
613.
624.
635.
647.
660.
673.
686.

20
40
80
40
20
20
60
00
60
60
80
20
00
00
40

7 0 0 .4 0

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

076.
092.
109.
126.
144.
164.
185.
206.
227.
249.
271.
294.
320.
346.
372.

40
80
60
80
40
40
20
00
20
20
60
40
00
00
80

1, 400. 80

3. 15
(b) to second
extended
maturity

SECOND E X T E N D E D M A T U R IT Y PERIO D

$14.
14.
14.
14.
15.
15.
15.
15.
16.
16.
16.
17.
17.
17.
18.
18.
18.
19.
19.
19.

01
27
54
81
09
37
66
95
25
56
87
18
51
84
17
51
86
21
57
94

20. 31

$35.
35.
36.
37.
37.
38.
39.
39.
40.
41.
42.
42.
43.
44.
45.
46.
47.
48.
48.
49.

02
68
35
03
72
43
15
88
63
39
17
96
77
59
42
27
14
02
93
84

50. 78

$70.
71.
72.
74.
75.
76.
78.
79.
81.
82.
84.
85.
87.
89.
90.
92.
94.
96.
97.
99.

04
36
70
06
44
86
30
76
26
78
34
92
54
18
84
54
28
04
86
68

101. 56

$140.
142.
145.
148.
150.
153.
156.
159.
162.
165.
168.
171.
175.
178.
181.
185.
188.
192.
195.
199.

08
72
40
12
88
72
60
52
52
56
68
84
08
36
68
08
56
08
72
36

203. 12

$280.
285.
290.
296.
301.
307.
313.
319.
325.
331.
337.
343.
350.
356.
363.
370.
377.
384.
391.
398.

16
44
80
24
76
44
20
04
04
12
36
68
16
72
36
16
12
16
44
72

406. 24

$700.
713.
727.
740.
754.
768.
783.
797.
812.
827.
843.
859.
875.
891.
908.
925.
942.
960.
978.
996.

40
60
00
60
40
60
00
60
60
80
40
20
40
80
40
40
80
40
60
80

1, 0 1 5 .6 0

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

400.
427.
454.
481.
508.
537.
566.
595.
625.
655.
686.
718.
750.
783.
816.
850.
885.
920.
957.
993.

80
20
00
20
80
20
00
20
20
60
80
40
80
60
80
80
60
80
20
60

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

2, 031. 20

3. 35

15
16
18
19
20
22
23
24
25
26
27
28
29
30
30
31
32
33
34
34

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
76
75
76
75
77

•Calculated on basis of $1,000 bond (face value).
.
.
tApproximate investment yield from beginning of each half-year period to first extended maturity, at first extended maturity value prior to June 1, 1959
ls iu j u .
tApproximate investment yield from effective date of June 1, 1959 revision to first extended maturity.
1 For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 23,1959.
8 20 years from issue date.
3 30 years from issue date.




23
TABLE 17
B O N D S B E A R IN G ISSU E D A T E S F R O M D E C E M B E R 1, 1947, T H R O U G H M A Y 1, 1948
Issue price___
_
Original maturity v a lu e ..

$7. 50
10. 00

$18. 75
25. 00

$37. 50
50. 00

$75. 00
100. 00

$150. 00
200. 00

$375. 00
500. 00

(3) On cur­
(2) On pur­
rent redemp­
chase price
tion value
from issue
from begin­
date to begin­ ning of each
ning of each
half-year
half-year
period (a) to
period
first extended
maturity

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

FIRST E X T E N D E D M A T U R IT Y PE RIO D i

First Yi year_______
Yz to 1 year_______________
1 to V/i y e a r s ..
1Yz to 2 years

$10.
10.
10.
10.

00
15
30
45

$25.
25.
25.
26.

00
37
75
12

$50.
50.
51.
52.

00
75
50
25

Approximat e investment
yi<;ld*

$750. 00
1, 000. 00

Percent

$100.
101.
103.
104.

00
50
00
50

$200.
203.
206.
209.

00
00
00
00

$500.
507.
515.
522.

00
50
00
50

$1,
1,
1,
1,

000.
015.
030.
045.

00
00
00
00

Percent

2.
2.
2.
2.

90
90
90
91

f3.
f3.
|3.
J3.

00
00
00
51

2.
2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.

91
91
92
93
94
95
97
99
00
02
04
05
07
09
11
14

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.
4.
4.

54
57
61
64
69
73
75
77
79
82
87
92
99
01
05
13

Redemption values and investment yields to first extended maturity on basis of June 1 1959, revision

2 to 2Yz years __
2 Yi to 3 years.
—
3 to 3Y years------------------3 Yi to 4 years —
4 to 4 Yi years. _
4 Yi to 5 years.
5 to 5Yi years.
5 Yi to 6 years_____
6 to 6Y years.
____
6% to 7 years____________
7 to 7Yz years.
7Yi to 8 years____________
8 to 8Yi years________
8 Yi to 9 vears________
9 to 9 Yi years___________
(.)]4 to 10 years.
._
FIR S T E X T E N D E D
M A T U R IT Y
VALUE (10 years
from original
maturity date) 2-------

$10.
10.
10.
11.
11.
11.
11.
11.
12.
12.
12.
12.
12.
13.
13.
13.

60
77
94
11
28
46
66
87
08
30
52
74
98
23
49
76

14. 04

$26.
26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
31.
32.
33.
33.
34.

35. 11

Period after first extended ma­
turity (beginning 20 years
after issue date)

First Yi year.
Yi to 1 year
_
3 to 1J4 years. _
____
1Yi to 2 years _
2 to 2 Y vears
_
2 Y to 3 y e a r s ..
3 to 3 Y years. _
.
3 ^ to 4 vears.
4 to 4 Yi years____ __
4/a to 5 years____ __
5 to 5 Y years________
5Yi to 6 years________
6 to 6Y years____________
6 Yi to 7 vears____
7 to lYi y e a r s ._ _ . . .
7 Yi to 8 years------8 to 8 Yz vears____________
8Yi to 9 years____________
9 to 9 Yi years______
to 10 years___________
SECOND EXTEN D ED
M A T U R IT Y
VALUE (20 years
from original
maturity date) 3___

51
92
34
77
20
65
16
68
21
75
30
86
44
08
73
40

$53.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
66.
67.
68.

02
84
68
54
40
30
32
36
42
50
60
72
88
16
46
80

70. 22

$106.
107.
109.
111.
112.
114.
116.
118.
120.
123.
125.
127.
129.
132.
134.
137.

04
68
36
08
80
60
64
72
84
00
20
44
76
32
92
60

140. 44

$212.
215.
218.
222.
225.
229.
233.
237.
241.
246.
250.
254.
259.
264.
269.
275.

08
36
72
16
60
20
28
44
68
00
40
88
52
64
84
20

280. 88

$530.
538.
546.
555.
564.
573.
583.
593.
604.
615.
626.
637.
648.
661.
674.
688.

20
40
80
40
00
00
20
60
20
00
00
20
80
60
60
00

702. 20

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

060.
076.
093.
110.
128.
146.
166.
187.
208.
230.
252.
274.
297.
323.
349.
376.

40
80
60
80
00
00
40
20
40
00
00
40
60
20
20
00

1, 404. 40

3. 16
(b) to second
extended
maturity

SECOND E X T E N D E D M A T U R IT Y PE RIO D

$14.
14.
14.
14.
15.
15.
15.
16.
16.
16.
16.
17.
17.
17.
18.
18.
18.
19.
19.
19.

04
31
58
85
13
41
70
00
30
60
91
23
55
88
22
56
90
26
62
99

20. 36

$35.
35.
36.
37.
37.
38.
39.
39.
40.
41.
42.
43.
43.
44.
45.
46.
47.
48.
49.
49.

11
77
44
12
82
53
25
99
74
50
28
07
88
70
54
39
26
15
05
97

50. 91

$70.
71.
72.
74.
75.
77.
78.
79.
81.
83.
84.
86.
87.
89.
91.
92.
94.
96.
98.
99.

22
54
88
24
64
06
50
98
48
00
56
14
76
40
08
78
52
30
10
94

101. 82

$140.
143.
145.
148.
151.
154.
157.
159.
162.
166.
169.
172.
175.
178.
182.
185.
189.
192.
196.
199.

44
08
76
48
28
12
00
96
96
00
12
28
52
80
16
56
04
60
20
88

203. 64

$280.
286.
291.
296.
302.
308.
314.
319.
325.
332.
338.
344.
351.
357.
364.
371.
378.
385.
392.
399.

88
16
52
96
56
24
00
92
92
00
24
56
04
60
32
12
08
20
40
76

407. 28

$702.
715.
728.
742.
756.
770.
785.
799.
814.
830.
845.
861.
877.
894.
910.
927.
945.
963.
981.
999.

20
40
80
40
40
60
00
80
80
00
60
40
60
00
80
80
20
00
00
40

1, 018. 20

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

404.
430.
457.
484.
512.
541.
570.
599.
629.
660.
691.
722.
755.
788.
821.
855.
890.
926.
962.
998.

40
80
60
80
80
20
00
60
60
00
20
80
20
00
60
60
40
00
00
80

2, 036. 40

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

16
18
19
20
21
23
24
25
26
27
28
29
30
31
31
32
33
34
34
35

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
76
76

3. 36

’ Calculated on basis of $1,000 bond (face value).
tApproximate investment yield from beginning of each half-year period to first extended maturity, at first extended maturity value prior to June 1, 1959
revision.
^Approximate investment yield from effective date of June 1, 1959 revision to first extended maturity.
1 For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 22, 1959.
3 20 years from issue date.
3 30 years from issue date.




TABLE 18
B O N D S B E A R IN G ISSU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1948
Issue price _ _
Original maturity
value

$7. 50

$18. 75

$37. 50

$75. 00

$150. 00

$375. 00

$750. 00

10. 00

25. 00

50. 00

100. 00

200. 00

500. 00

1, 000. 00

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

FIRST E X T E N D E D M A T U R IT Y PERIO D 1

Approximate investment
vield*
(3) On cur­
rent redemp­
chase price
tion value
from begin­
from issue
date to begin­ ning of each
half-year
ning of each
period (a) to
half-year
first extended
period
maturity
Percent

First Y year.
Y to 1 year
1 to 1 Yi years____________

$10. 00
10. 15
10. 30

$25. 00
25. 37
25. 75

$50. 00
50. 75
51. 50

$100. 00
101. 50
103. 00

$200. 00
203. 00
206. 00

$500. 00
507. 50
515. 00

$1 000. 00
1 015. 00
1 030. 00

2. 90
2. 90
2. 90

Percent

f3. 00
f3. 00
J3. 50

Redemption values and investment yields to first extended maturity on basis of June 1 1959, revision

1Y to 2
2 to 2 Y
2 Y to 3
3 to 3 Y
SY to 4
4 to 4 Y

years
years
years _
years
years _
years

5 U to 6 vears
6 to 6Y years.
6 Y to 7 years
7 to 7Y years------------------7Yi to 8 years.
_ _
8 to SY years
__ 8 Y to 9 years _ __
9 to 9 Y years____ _____
9 Y to 10 years _
_ _
FIR ST E X T E N D E D
M A T U R IT Y
VALUE (10 years
from original m a­
turity date) 2_________

$10.
10.
10.
10
11.
11
11.
11.
11.
12
12.
12.
12
13
13.
13.
13.

46
61
77
94
12
30
48
68
89
10
32
55
77
00
26
52
79

14. 08

$26.
26.
26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
31.
32.
33.
33.
34.

35. 20

Period after first extended ma­
turity (beginning 20 years
after issue date)

First Y vear_ _
Y> to 1 year
1 to 1Y years.
2 to 2 Y years .
2 Y to 3 years
3 Y to 4 years
4 Y to 5 years
___
5 to 5 Y years------------------5Y to 6 years _
6 to 6Y years
6 Y to 7 years
7 to 7Y years
7 Y to 8 years
8 to 8Y years.
8 Y to 9 years
9 to 9 Yi years
$ Y to 10 years
SECOND EXTENDED
M A T U R IT Y
VALUE (20 years
from original ma­
turity date)3. . ____

14
52
93
36
80
24
69
21
73
26
81
37
93
51
15
81
48

$52.
53.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
65.
66.
67.
68.

28
04
86
72
60
48
38
42
46
52
62
74
86
02
30
62
96

70. 39

$104.
106.
107.
109.
111.
112.
114.
116.
118.
121.
123.
125.
127.
130.
132.
135.
137.

56
08
72
44
20
96
76
84
92
04
24
48
72
04
60
24
92

140. 78

$209.
212.
215.
218.
222.
225.
229.
233.
237.
242.
246.
250.
255.
260.
265.
270.
275.

12
16
44
88
40
92
52
68
84
08
48
96
44
08
20
48
84

281. 56

$522.
530.
538.
547.
556.
564.
573.
584.
594.
605.
616.
627.
638.
650.
663.
676.
689.

80
40
60
20
00
80
80
20
60
20
20
40
60
20
00
20
60

$1
1
1
1
1
1

1
1
1
1
1

045.
060.
077.
094.
112.
129.
147.
168.
189.
210.
232.
254.
277.
300.
326.
352.
379.

703. 90

1,

407. 80

1
1

1

1
1
1

60
80
20
40
00
60
60
40
20
40
40
80
20
40
00
40
20

2.
2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.

91
91
92
93
94
95
96
98
00
01
03
05
07
08
10
13
15

08
34
61
88
16
45
74
03
33
64
95
27
59
92
26
60
95
30
67
04

20. 41

$35.
35.
36.
37.
37.
38.
39.
40.
40.
41.
42.
43.
43.
44.
45.
46.
47.
48.
49.
50.

20
85
53
21
91
62
34
08
83
60
38
17
98
81
65
50
38
26
17
09

51. 03

$70.
71.
73.
74.
75.
77.
78.
80.
81.
83.
84.
86.
87.
89.
91.
93.
94.
96.
98.
100.

39 $140. 78
143. 40
70
146. 12
06
148. 84
42
151. 64
82
154. 48
24
157. 36
68
160. 32
16
163. 32
66
166. 40
20
169. 52
76
172. 68
34
175. 92
96
179. 24
62
182. 60
30
186. 00
00
189. 52
76
193. 04
52
196. 68
34
200. 36
18

102. 06

204. 12

$281.
286.
292.
297.
303.
308.
314.
320.
326.
332.
339.
345.
351.
358.
365.
372.
379.
386.
393.
400.

56
80
24
68
28
96
72
64
64
80
04
36
84
48
20
00
04
08
36
72

408. 24

$703.
717.
730.
744.
758.
772.
786.
801.
816.
832.
847.
863.
879.
896.
913.
930.
947.
965.
983.
1, 001.

53
57
60
63
66
70
75
76
79
81
84
87
93
01
03
06
15

3. 17
(b) to second
extended
maturity

SECOND E X T E N D E D M A T U R IT Y PERIO D

$14.
14.
14.
14.
15.
15.
15.
16.
16.
16.
16.
17.
17.
17.
18.
18.
18.
19.
19.
20.

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.
4.
4.
4.

90
00
60
20
20
40
80
60
60
00
60
40
60
20
00
00
60
20
40
80

1, 020. 60

$1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2

407.
434.
461.
488.
516.
544.
573.
603.
633.
664.
695.
726.
759.
792.
826.
860.
895.
930.
966.
003.

80
00
20
40
40
80
60
20
20
00
20
80
20
40
00
00
20
40
80
60

2, 041. 20

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

17
19
20
21
23
24
25
26
27
28
29
30
31
31
32
33
34
34
35
36

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
76
75
75

3. 37

tApproximate investment yield from beginning of each half-year period to first extended maturity, at first extended maturity value prior to June 1, 1959
tApproximate investment yield from effective date of June 1, 1959 revision to first extended maturity.
, . .
1 For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Ri vision, dated .. eptunber -3, 1959.
J 20 years from issue date.
3 30 years from issue date.




25
TABLE 19
B O N D S B E A R IN G ISSU E D A T E S F R O M
Issue price___
__
Original maturity value.

$7. 50
10. 00

$18. 75
25. 00

$37. 50
50. 00

D E C E M B E R 1, 1948, T H R O U G H M A Y 1, 1949

$75. 00
100. 00

$150. 00
200. 00

$375. 00
500. 00

$750. 00
1, 000. 00

Approximat investment
yi<‘Id*

(3) On cur­
rent redemp­
chase price
tion value
from begin­
from issue
date to begin­ ning of each
half-year
ning of each
half-year
period (a) to
period
first extended
maturity
(2) On pur­

(1) Redemption values during each half-year period

Period after original maturity
(beginning 10 years after issue
date)

(values increase on first day of period shown)

FIRST E X T E N D E D M A T U R IT Y P E RIO D i

Percent

$10. 00
10. 15

First )4 3rear
)4 to 1 year.

$25. 00
25. 37

$50. 00
50. 75

$100. 00
101. 50

$200. 00
203. 00

$500. 00
507. 50

$1, 000. 00
1, 015. 00

2. 90
2. 90

Percent

1'3. 00
J3. 50

Redemption values and investment yields to first extended maturity on basis of June 1, 1959, revision

1 to 1)4
1)4 to 2
2 to 2)4
2)4 to 3
3 to 3)4
3)4 to 4
4 to 4)4
4)4 to 5
5 to 5)4
5)4 to 6
6 to 6)4
6)4 to 7

years .
years____
years____
years. _ . .
years—
. ____
years-------------- „
years________
years___________
years____________
years. _________
years ___________
years ___________

7)4 to 8 years. _________
8 to 8)4 years____________
8)4 to 9 years____________
9 to 9)4 years________
9)4 to 10 years. ________
FIRST E X T E N D E D
M A T U R IT Y
VAL U E (10 years
from original
maturity date) 2____

$10.
10.
10.
10.
10.
11.
11.
11.
11.
11.
12.
12.
12.
12.
13.
13.
13.
13.

30
46
61
78
96
13
31
50
70
92
13
35
57
80
04
29
56
82

14. 11

$25.
26.
26.
26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
32.
32.
33.
33.
34.

35. 28

Period after first extended ma­
turity (beginning 20 years
after issue date)

First )4 year_____________
)4 to 1 vear_______________
1 to 1){ years____________
1)4 to 2 years____________
2 to 2)4 years____________
2)4 to 3 years____________
3 to 3)4 years____________
3)4 to 4 years____________
4 to 4)4 years____________
4)4 to 5 yeras................. . .
5 to 5)4 years____________
5)4 to 6 years____________
6 to 6)4 years____________
6)4 to 7 years------------------7 to 7)4 years------------------7)4 to 8 years____________
8 to 8)4 years------------------8)4 to 9 years____________
9 to 9)4 years____________
9)4 to 10 years___________
SECOND EXTENDED
M A T U R IT Y
VALUE (20 years
from original m a­
turity date)
...........

76
14
53
96
39
83
28
74
26
79
33
87
43
00
59
23
89
56

$51.
52.
53.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
64.
65.
66.
67.
69.

52
28
06
92
78
66
56
48
52
58
66
74
86
00
18
46
78
12

70. 56

$103.
104.
106.
107.
109.
111.
113.
114.
117.
119.
121.
123.
125.
128.
130.
132.
135.
138.

04
56
12
84
56
32
12
96
04
16
32
48
72
00
36
92
56
24

141. 12

$206.
209.
212.
215.
219.
222.
226.
229.
234.
238.
242.
246.
251.
256.
260.
265.
271.
276.

08
12
24
68
12
64
24
92
08
32
64
96
44
00
72
84
12
48

282. 24

$515.
522.
530.
539.
547.
556.
565.
574.
585.
595.
606.
617.
628.
640.
651.
664.
677.
691.

20
80
60
20
80
60
60
80
20
80
60
40
60
00
80
60
80
20

705. 60

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

030.
045.
061.
078.
095.
113.
131.
149.
170.
191.
213.
234.
257.
280.
303.
329.
355.
382.

40
60
20
40
60
20
20
60
40
60
20
80
20
00
60
20
60
40

1 ,4 1 1 . 20

2.
2.
2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.

91
91
91
93
94
95
96
97
99
01
03
04
06
08
09
12
14
16

11
38
65
92

15.
15.
16.
16.
16.
16.
17.
17.
17.
18.
18.

48
78
07
37
68
99
31
64
97
30
65

15.20

.

19 00
19. 35
19. 72
20. 08

20. 46

28
94
62
30
00
71
44
18
93
70
48
28
09
92
76
62
49
38
29
21

I $70. 56
! 71. 88
! 73. 24
: 74. 60
76. 00
i 77. 42
78. 88
80. 36
81. 86
| 83. 40
I 84. 96
! 86. 56
j 88 . 18
89. 84
: 91. 52
93. 24
I 94. 98
96. 76
98. 58
100. 42

5 1 .1 5

1 0 2 .3 0

$35.
35.
36.
37.
38.
38.
39.
40.
40.
41.
42.
43.
44.
44.
45.
46.
47.
48.
49.
50.

$141.
143.
146.
149.
152.
154.
157.
160.
163.
166.
169.
173.
176.
179.
183.
186.
189.
193.
197.
200.

12
76
48
20
00
84
76
72
72
80
92
12
36
68
04
48
96
52
16
84

2 0 4 .6 0

$282.
287.
292.
298.
304.
309.
315.
321.
327.
333.
339.
346.
352.
359.
366.
372.
379.
387.
394.
401.

24
52
96
40
00
68
52
44
44
60
84
24
72
36
08
96
92
04
32
68

4 0 9 .2 0

$705.
718.
732.
746.
760.
774.
788.
803.
818.
834.
849.
865.
881.
898.
915.
932.
949.
967.
985.
1, 004.

53
56
59
62
65
68
72
76
78
79
82
85
89
94
01
03
06
17

3. 19
(b) to second
extended
maturity

SECOND E X T E N D E D M A T U R IT Y PERIO D

$14.
14.
14.
14.

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.
4.
4.
4.

60
80
40
00
00
20
80
60
60
00
60
60
80
40
20
40
80
60
80
20

1, 023. 00

411.
437.
464.
492.
520.
548.
577.
607.
637.

20
60
80
00
00
40
60
20
20

668. 00
699.
731.
763.
796.
830.
864.
899.
935.
971.
008.

20
20
60
80
40
80
60
20
60
40

2, 046. 00

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

19
20
21
22
24
25
26
27
28
29
30
31
32
32
33
34
35
35
36
37

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
74
75
75
74
74

3. 37

•Calculated on basis of $1,000 bond (face value).
tApproximate investment yield from beginning of each half-year period to first extended maturity, at first extended maturity value prior to June 1, 1959
revision.
tApproximate Investment yield from effective date of June 1, 1959 revision to first extended maturity.
1 For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 23, 1959.
2 20 years from issue date.
130 years from issue date.




26
TABLE 20
B O N D S B E A R IN G IS SU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1949
Issue price_ _
Original maturity value

$7. 50
10. 00

$18. 75
25. 00

Period after original maturity
(beginning 10 years after issue
date)

First y% year_____________
Vi to 1 year _
1 to
vears
1% to 2 years
2 to 2% y ea rs.- .
2x
/i to 3 years. ---- --------3 to 3% y e a r s - ______
3 }i to 4 y e a r s . . ---------4 to
years _________
4 to 5 years --------5 to o )i years______ _
5 l/> to 6 years _ _
6 to 6Yi years - _
6y> to 7 y e a r s ______
7 to 7x
/i vears. ______
lY i to 8 years. _
8 to 8Yi vears _
8 Yt to 9 years.
9 to 9 } f years.
9 }i to 10 years
EXTENDED M A ­
T U R IT Y VALUE
(10 years from orig­
inal maturity date) 2_

$10.
10.
10.
10.
10.
10.
11.
11.
11.
11.
11.
12.
12.
12.
12.
13.
13.
13.
13.
14.

00
18
36
54
73
92
12
33
54
75
97
20
43
66
90
16
41
67
94
22

14. 50

$25.
25.
25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
31.
31.
32.
32.
33.
34.
34.
35.

$37. 50
50. 00

$75. 00
100. 00

$150. 00
200. 00

$375. 00
500. 00

$750. 00
1, 000. 00

Approximate investment
yield*

(1) Redemption values during each half-year period
(values increase on first day of period shown)

(2) On pur­
chase price

(3) On current
redemption

FIRST E X T E N D E D M A T U R IT Y PERIO D i

date to begin­
ning of each
half-year
period

beginning of
each halfyear period
to extended
maturity

Percent

Percent

00
44
89
35
83
31
81
32
84
38
93
49
07
66
26
89
53
18
85
54

36. 25

$50.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
62.
63.
64.
65.
67.
68.
69.
71.

00
88
78
70
66
62
62
64
68
76
86
98
14
32
52
78
06
36
70
08

72. 50

$100.
101.
103.
105.
107.
109.
111.
113.
115.
117.
119.
121.
124.
126.
129.
131.
134.
136.
139.
142.

00
76
56
40
32
24
24
28
36
52
72
96
28
64
04
56
12
72
40
16

145. 00

$200.
203.
207.
210.
214.
218.
222.
226.
230.
235.
239.
243.
248.
253.
258.
263.
268.
273.
278.
284.

00
52
12
80
64
48
48
56
72
04
44
92
56
28
08
12
24
44
80
32

290. 00

$500.
508.
517.
527.
536.
546.
556.
566.
576.
587.
598.
609.
621.
633.
645.
657.
670.
683.
697.
710.

00
80
80
00
60
20
20
40
80
60
60
80
40
20
20
80
60
60
00
80

725. 00

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

000.
017.
035.
054.
073.
092.
112.
132.
153.
175.
197.
219.
242.
266.
290.
315.
341.
367.
394.
421.

00
60
60
00
20
40
40
80
60
20
20
60
80
40
40
60
20
20
00
60

1, 450. 00

2.
2.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

90
93
95
98
01
03
06
08
10
12
14
16
18
20
22
24
26
27
29
31

t3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.

75
76
77
79
80
81
82
83
85
86
87
88
89
91
93
93
94
96
98
00

3. 32

*Calculated on basis of $1,000 bond (face value).
tRevised approximate investment yield for entire period from original maturity to extended maturity.
1For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 23,1959.
2 20 years from issue date.




27
TABLE 21
B O N D S B E A R IN G ISSU E D A T E S F R O M D E C E M B E R 1, 1949, T H R O U G H M A Y 1, 1950
Issue price. . .
____
Original maturity value__
Maturity value _ ....... _

$7. 50
10. 0 0

10. 03

$18. 75
25. 00
25. 08

$75. 00

$150. 00

100. 00

200. 00

100. 32

200. 64

$375. 00
500. 00
501. 60

$750. 00
1, 0 0 0 . 0 0
1, 0 0 3 . 2 0

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

P’irst
year.
y% to 1 year
_
1 to 1x
/i years .
\x
/i to 2 years___ .
2 to
years____
- 2 H to 3 years____
3 to 3% years____________
3 }i to 4 years.
4 to 4 x
/> vears. .
ty i to 5 years.
5 to
years____________
5Y to 6 years____________
6 to 6Yi years.
tSYi to 7 years.
7 to 7 Yi years .
7>-> to 8 years.
8 to S }i vears.
8 Yi to 9 vears.
9 to 9 Y years.
9 Yi to 10 vears____ ______
EXTENDED M ATUR­
ITY VALUE (10 years
from original maturity
date)2 _
_
____

$37. 50
50. 00
d0. 16

FIRST E X T E N D E D M A T U R IT Y PERIOD i

$10.
10.
10.
10.
10.
10.
11.
11.
11.
11.
12.
12.
12.
12.
12.
13.
13.
13.
13.
14.

03
21
39
58
76
96
16
36
57
79
01
24
46
70
95
20
45
72
98
26

14.54

$25.
25.
25.
26.
26.
27.
27.
28.
28.
29.
30.
30.
31.
31.
32.
32.
33.
34.
34.
35.

08
52
97
44
91
40
90
41
93
47
02
59
16
76
37
99
63
29
96
66

36. 36

$50.
51.
51.
52.
53.
54.
55.
56.
57.
58.
60.
61.
62.
63.
64.
65.
67.
68.
69.
71.

16
04
94
88
82
80
80
82
86
94
04
18
32
52
74
98
26
58
92
32

72. 72

$100.
102.
103.
105.
107.
109.
111.
113.
115.
117.
120.
122.
124.
127.
129.
131.
134.
137.
139.
142.

32
08
88
76
64
60
60
64
72
88
08
36
64
04
48
96
52
16
84
64

145. 44

$200.
204.
207.
211.
215.
219.
223.
227.
231.
235.
240.
244.
249.
254.
258.
263.
269.
274.
279.
285.

64
16
76
52
28
20
20
28
44
76
16
72
28
08
96
92
04
32
68
28

290. 88

$501.
510.
519.
528.
538.
548.
558.
568.
578.
589.
600.
611.
623.
635.
647.
659.
672.
685.
699.
713.

60
40
40
80
20
00
00
20
60
40
40
80
20
20
40
80
60
80
20
20

727. 20

$1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

003.
020.
038.
057.
076.
096.
116.
136.
157.
178.
200.
223.
246.
270.
294.
319.
345.
371.
398.
426.

20
80
80
60
40
00
00
40
20
80
80
60
40
40
80
60
20
60
40
40

1, 454. 40

Approximate investment
yield*
(2) On pur­
chase price
from issue
date to
beginning
of each
half-year
period

(3) On current
redemption
value from
beginning of

Percent

Percent

2.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

93
96
98
01
03
06
08
10
12
14
16
18
20
22
24
25
27
29
31
32

year period
to extended
maturity

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
78
80
81
82
83
85
86
87
88
90
90
91
93
94
95
97
98

3. 34

•Calculated on basis of $1,000 bond (face value).
' For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 23,1959.
2 20 years from issue date.




28
TABLE 22
B O N D S B E A R IN G IS SU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1950
Issue price
____
Original maturity value
Maturity value
...

___
.....

$18. 75
25. 00
25. 15

Period after original maturity (beginning
10 years after issue date)

First Y year___________________________
Y to 1 year.
_ —
1 to 1Y years____
1Y to 2 vears
2 to 2 }i years. _ _ —
2Y to 3 years
3 to 3Y years.
3Y to 4 years
4 to 4 years
_
__ _
4 Y to 5 years
_ .
___
5 to 5}i vears
. . .
_ _ _
5Y> to 6 vears _
___
6 to 6H years
_ _ __
________
&Y to 7 years
_______
7 to 7Y vears __ _ _______ __ _ _
7Yi to 8 vears
. _______________
8 to 8Yi years__________________________
SY to 9 3^ears _
____
9 to
vears
.. _
9tf to 10 vears ___
E X T E N D E D M A T U R IT Y VALUE
(10 years from original maturity
da te)2 _

$25.
25.
26.
26.
26.
27.
27.
28.
29.
29.
30.
30.
31.
31.
32.
33.
33.
34.
35.
35.

15
59
05
51
99
48
98
49
01
55
10
67
25
85
46
08
73
39
06
75

36. 47

$37. 50
50. 00
50. 30

$75. 00
100. 00
100. 60

$150. 00
200. 00
201. 20

$375. 00
500. 00
503. 00

$750. 00
1, 000. 00
1, 006. 00

Approximate investment
yield*

(1) Redemption values during each half-year period
(values increase on first day of period shown)

(2) On pur­
chase price
from issue

(3) On current
redemption
value from

FIRST E X T E N D E D M A T U R IT Y PERIOD 1

ginning of
each halfyear period

each halfyear period
to extended
maturity

Percent

Percent

$50.
51.
52.
53.
53.
54.
55.
56.
58.
59.
60.
61.
62.
63.
64.
66.
67.
68.
70.
71.

30
18
10
02
98
96
96
98
02
10
20
34
50
70
92
16
46
78
12
50

72. 94

$100.
102.
104.
106.
107.
109.
111.
113.
116.
118.
120.
122.
125.
127.
129.
132.
134.
137.
140.
143.

60
36
20
04
96
92
92
96
04
20
40
68
00
40
84
32
92
56
24
00

145. 88

$201.
204.
208.
212.
215.
219.
223.
227.
232.
236.
240.
245.
250.
254.
259.
264.
269.
275.
280.
286.

20
72
40
08
92
84
84
92
08
40
80
36
00
80
68
64
84
12
48
00

291. 76

$503.
511.
521.
530.
539.
549.
559.
569.
580.
591.
602.
613.
625.
637.
649.
661.
674.
687.
701.
715.

00
80
00
20
80
60
60
80
20
00
00
40
00
00
20
60
60
80
20
00

729. 40

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

006.
023.
042.
060.
079.
099.
119.
139.
160.
182.
204.
226.
250.
274.
298.
323.
349.
375.
402.
430.

00
60
00
40
60
20
20
60
40
00
00
80
00
00
40
20
20
60
40
00

1, 458. 80

2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

96
98
01
03
06
08
10
12
14
16
18
20
22
24
25
27
29
31
32
34

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.

75
76
77
79
80
81
82
84
85
86
88
89
90
91
92
94
94
95
98
03

3. 35

‘ Calculated on basis of $1,000 bond (face value).
1For redemption values and investment yields during original maturity period see Department Circular Xo. 653, Fifth Revision, dated September23,1959.
2 20 years from issue date.




TABLE 23
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1950, T H R O U G H M A Y 1, 1951
Issue price.
Original maturity va!ue__
Maturity value
______

$18. 75
25. 00
25. 22

Period after original maturity (beginning
10 years after issue date)

First 3^ year __
_
____
3^ to 1 year__________________ _________
1 to \}/2 years
_________ _______
13^ to 2 y e a r s .. . __ __________
—
_.
2 to 23^ y e a r s ___________
23^ to 3 y e a r s _______ __
—
____
3 to 33^ years _ -------------------------33^ to 4 years
_ _________________
4 to 43^ years
----------------------------43^2 to 5 years
-----------------------------5 to 53^ years
___________________
53^ to 6 years ___________________
_____________
____
6 to 63^ years
C3^ to 7 years _ _____________
____
7 to 73^ years_________________________
7 3^ to 8 y ea rs-- _______________ ,______
8 to 8 ^ 2 years ______________________
8 H to 9 years
_____________________
9 to 93^ years
________
_______
93^ to 10 years_
E X T E N D E D M A T U R IT Y VALUE
(10 years from original maturi­
ty date) 2__________
________

$25.
25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
31.
32.
33.
33.
34.
35.
35.

22
66
12
58
06
55
05
57
09
63
19
76
34
94
55
18
82
48
16
85

36. 57

$37. 50
50. 00
50. 44

$75. 00
100. 00
100. 88

$150. 00
200. 00
201. 76

$375. 00
500. 00
504. 40

$750. 00
1, 000. 00
1, 008. 80

Approximate investment
yield*

(1) Redemption values during each half-year period
(values increase on first day of period shown)

(2) On pur­
chase price
from issue

(3) On current
redemption
value from

FIRST E X T E N D E D M A T U R IT Y PERIOD 1

ginning of
each halfyear period

each halfyear period
to extended
maturity

Percent

Percent

$50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
65.
66.
67.
68.
70.
71.

44
32
24
16
12
10
10
14
18
26
38
52
68
88
10
36
64
96
32
70

73. 14

$100.
102.
104.
106.
108.
110.
112.
114.
116.
118.
120.
123.
125.
127.
130.
132.
135.
137.
140.
143.

88
64
48
32
24
20
20
28
36
52
76
04
36
76
20
72
28
92
64
40

146. 28

$201.
205.
208.
212.
216.
220.
224.
228.
232.
237.
241.
246.
250.
255.
260.
265.
270.
275.
281.
286.

76
28
96
64
48
40
40
56
72
04
52
08
72
52
40
44
56
84
28
80

292. 56

$504.
513.
522.
531.
541.
551.
561.
571.
581.
592.
603.
615.
626.
638.
651.
663.
676.
689.
703.
717.

40
20
40
60
20
00
00
40
80
60
80
20
80
80
00
60
40
60
20
00

731. 40

$1,
1,
1,
1,
1,
1,
1,
1,
1,
3,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

008.
026.
044.
063.
082.
102.
122.
142.
163.
185.
207.
230.
253.
277.
302.
327.
352.
379.
406.
434.

80
40
80
20
40
00
00
80
60
20
60
40
60
60
00
20
80
20
40
00

1, 462. 80

2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

99
01
04
06
08
10
12
14
16
18
20
22
24
25
27
29
30
32
34
35

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.

75
76
77
79
80
81
83
83
85
86
87
88
90
91
92
93
95
96
97
02

3. 37

“ Calculated on basis of $1,000 bond (face value).
• For redemption values and investment yields during original maturity period see Department Circular No. 053, Fifth Revision, dated September 23,1959.
2 20 years from issue date.




30

TABLE 24
B O N D S B E A R IN G IS SU E D A T E S F R O M JUN E 1 T H R O U G H N O V E M B E R 1, 1951
Issue price______________
Original maturity value
Maturity value_________

$18. 75
25. 00
25. 30

$37. 50
50. 00
50. 60

$75. 00
100. 00
101. 20

$150. 00
200. 00
202. 40

$375. 00
500. 00
506. 00

$750. 00

1, 000. 00
1, 012. 00

(1) Redemption values during each half-year period
(values increase on first day of period shown)

Period after original maturity (beginning
10 years after issue date)

FIRST E X T E N D E D M A T U R IT Y PE RIO D 1

First }£ year__________________________
to 1 year___________________________
1 to
years________________________
V/2 to 2 years________________________
2 to 2 }{ years________________________
2 }i to 3 years________________________
3 to 3 Yi years________________________
3 ){ to 4 years________________________
4 to 4% years________________________
4}^ to 5 years________________________
5 to 5}i years________________________
5}{ to 6 years________________________
6 to 6}^ years________________________
6 }i to 7 years________________________
7 to 7)4 years________________________
7}4 to 8 years________________________
8 to 8 Vi years________________________
8H to 9 years________________________
9 to 9}{ years________________________
9}i to 10 vears_______________________
E X T E N D E D M A T U R IT Y VALUE
(10 years from original ma­
turity date) 2____________________

$25.
25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
32.
32.
33.
33.
34.
35.
35.

30
75
20
67
15
64
14
66
19
73
28
85
44
04
65
28
93
59
27
97

36. 68

60
50
40
34
30
28
28
32
38
46
56
70
88
08
30
56
86
18
54
94

$ 101 . 20

73. 36

146. 72

$50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
64.
65.
66.
67.
69.
70.
71.

103.
104.
106.
108.
110.
112.
114.
116.
118.

00
80
68
60
56
56
64
76
92

123.
125.
128.
130.
133.
135.
138.
141.
143.

40
76
16
60
12
72
36
08
88

121 . 12

$202.
206.
209.
213.
217.
221 .
225.
229.
233.
237.
242.
246.
251.
256.
261.
266.
271.
276.
282.
287.

40
00
60
36
20

12
12
28
52
84
24
80
52
32
20
24
44
72
16
76

293. 44

$506.
515.
524.
533.
543.
552.
562.
573.
583.
594.
605.
617.
628.
640.
653.
665.
678.
691.
705.
719.

00
00
00
40
00
80
80
20
80
60
60
00
80
80
00
60
60
80
40
40

733. 60

012 . 00
030.
048.
066.
086.
105.
125.
146.
167.
189.

.

00
00
80
00
60
60
40
60
20

211 20
234.
257.
281.
306.
331.
357.
383.
410.
438.

60
60
60
00
20
20
60
80
80

1, 467. 20

Approximate investment
yield*

(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear period

(3) On current
redemption
value from
beginning of
each halfyear period
to extended
maturity

Percent

Percent

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

02
04
06
09
11
13
15
17
19
20
22
24
26
27
29
31
32
34
35
37

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
78
80
81
82
83
84
86
87
88
89
90
92
93
93
95
96
95

3. 38

"■Calculated on basis of $1,000 bond (face value).
1For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 23,1959.
2 20 years from issue date.




31
TABLE 25
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1951, T H R O U G H APRIL 1, 1952
Issue price_____ _______________________
Original maturity value______________
Maturity value _______________________

$18. 75
25. 00
25. 37

$37. 50
50. 00
50. 74
(1)

Period after original maturity (beginnin g
10 years after issue date)

$75. 00
100. 00
1 0 1 .4 8

$150. 00
200. 00
202. 96

$375. 00
500. 00
507. 40

$750. 00
1. 000. 00
1, 014. 80

Redemption values during each half-year period
(values increase on first day of period shown)

FIR ST E X T E N D E D M A T U R IT Y PE R IO D i

Approximate investment
•yield*
(2) On pur­ (3) On current
chase price redemption
from issue
value from
beginning of
date to
beginning
each halfyear period
half-year
to extended
period
maturity
Percent

First }/2 year___________________________
^ to 1 year___________________________
1 to \V2 years.
____________________
\} /2 to 2 years_ ______________________
2 to 23/0 years
_____________________
2 }/2 to 3 years _______________
____
____________________
3 to 3J^ years
3J/£ to 4 years _ _____________
____
4 to 4J^ years
____________
____
4 1/2 to 5 years_________________________
5 to h}/2 years
___________
____
bV2 to G y e a r s ____________
____
6 to 6 K years.
____________________
GJ/2 to 7 years
_______________
____
____
7 to l )/2 years _ ___________
7
to 8 years_________________________
8 to 8 ^ years _ _____________________
8J^ to 9 y e a r s ________________________
9 to 9*^ years . _____________________
9J/£ to 10 y e a r s ___ __________________
E X T E N D E D M A T U R IT Y VALUE
(10 years from original maturity
date) 2____________________________

$25.
25.
26.
2G.
27.
27.
28.
28.
29.
29.
30.
30.
31.
32.
32.
33.
34.
34.
35.
36.

37
82
27
74
22
72
22
74
27
81
37
94
52
13
74
37
02
69
37
07

36. 79

$50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
63.
64.
65.
66.
68.
69.
70.
72.

74
64
54
48
44
44
44
48
54
62
74
88
04
26
48
74
04
38
74
14

73. 58

$101.
103.
105.
106.
108.
110.
112.
114.
117.
119.
121.
123.
126.
128.
130.
133.
136.
138.
141.
144.

48
28
08
96
88
88
88
96
08
24
48
76
08
52
96
48
08
76
48
28

147. 16

$202.
206.
210.
213.
217.
221.
225.
229.
234.
238.
242.
247.
252.
257.
261.
266.
272.
277.
282.
288.

96
56
16
92
76
76
76
92
16
48
96
52
16
04
92
96
16
52
96
56

294. 32

$507.
516.
525.
534.
544.
554.
564.
574.
585.
596.
G07.
618.
630.
642.
654.
667.
680.
693.
707.
721.

40
40
40
80
40
40
40
80
40
20
40
80
40
60
80
40
40
80
40
40

735. 80

$1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

014.
032.
050.
069.
088.
108.
128.
149.
170.
192.
214.
237.
260.
285.
309.
334.
360.
387.
414.
442.

80
80
80
60
80
80
80
60
80
40
80
60
80
20
60
80
80
60
80
80

1, 471. 60

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

05
07
09
11
13
15
17
19
21
22
24
26
27
29
31
32
34
35
37
38

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
78
79
80
81
82
84
85
86
87
89
90
91
93
94
95
96
98
99

3. 40

♦Calculated on basis of $1,000 bond (face value).
1 For redemption values and investment yields during original maturity period see Department Circular No. 653, Fifth Revision, dated September 23,1959.
years from issue date.

2 20




32

TABLE 26
B O N D S B E A R IN G IS SU E D A T E O F M A Y 1, 1952
Issue price___
Original maturity value _
Maturity value.

$18. 75
25. 00
25. 27

$37. 50
50. 00
50. 54

$75. 00
100. 00
101. 08

$150. 00
200. 00
202. 16

$375. 00
500. 00
505. 40

$750. 00
1, 000. 00
1, 010. 80

$7, 500
10, 000
10, 108

(1) Redemption values during each half-year period 1
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

F IR S T E X T E N D E D M A T U R I T Y P E R IO D 2

First 3 ^ y e a r _____
Yi to 1 year----- _
1 to \}/2 years
to 2 years.. _
2 to 23^ years
__
2 J ^ to 3 years 3 to 3 3 ^ years
____
3 3 ^ to 4 y e a r s -----------4 to 4 3 ^ years
—
4 3 ^ to 5 years
_ _
___
5 to 5 3 ^ years
5 3 ^ to 6 years - _______
6 to 6 3 ^ years.
___
6 3 ^ to 7 vears
_ ______
7 to 7 3 ^ years.___
7 3 ^ to 8 years____
____
___
8 to Sy2 years8 J4 to 9 years. _
9 to 93^2 years____
_ .
9 3 ^ to 1 0 vears__________
EXTENDED
M ATU­
R IT Y
VALU E
(10
years from original
maturity d a t e )3 ___

$25.
25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
30.

27
71
17
64
12
61
11
62
15
69
25
82

31. 40
32. 00

$50.
51.
52.
53.
54.

54
42
34
28
24

$101.
102.
104.
106.
108.
110.
112.

08
84
68
56
48
44
44

$202.
205.
209.
213.
216.
220.
224.

16
68
36
12
96
88
88

55.
56.
57.
58.

22
22
24
30

114.
116.
118.
121.

48
60
76
00

228.
233.
237.
242.

96
20
52
00

59.
60.
61.
62.
64.

38
50
64
80
00

123.
125.
128.
130.
132.

28
60
00
44
96

246.
251.
256.
260.
265.

56
20
00
88
92

71. 86

135.
138.
140.
143.

56
20
92
72

271.
276.
281.
287.

12
40
84
44

73. 28

146. 56

32. 61

65. 2 2

33. 24

66.
67.
69.
70.

33.
34.
35.
35.

89
55
23
93

36.

64

48
78
10
46

293. 12

$505.
514.
523.
532.
542.
552.
562.
572.
583.
593.
605.
616.
628.
640.
652.

40
20
40
80
40
20
20
40
00
80
00
40
00
00
20

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

010.
028.
046.
065.
OS4 .
104.
124.
144.
166.
187.
210.
232.
256.
280.
304.

80
40
80
60
80
40
40
80
00
60
00
80
00
00
40

$10,
10,
10,
10,
10,
11,
11,
11,
11,
11,
12,
12,
12,
12,
13,

108
284
468
656
848
044
244
448
660
876
100
328
560
800
044

664. 80

1,
1,
1,
1,
1,

329.
355.
382.
409.
437.

60
60
00
20
20

13,
13,
13,
14,
14,

296
556
820
092
372

677.
691.
704.
718.

80
00
60
60

732. 80

1, 465. 60

14, 656

Approximate investment
yield*

(2) On pur­
chase price
from issue
date to
beginning
of each
half-year
period *

(3) On current
redemption
value from
beginning of
each halfyear period 1
to extended
maturity

Percent

Percent

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

11
13
15
17
19
21
22
24
25
27
29
30
32
33

3.
3.
3.
3.
3.
3.

35
36
38
39
41
42

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
79
80
81
82
84
85
86
87
88
90
91
92
93
94
95
96
95

3 .4 4

‘ Calculated on basis of $1,000 bond (face value).
1 2-month period In the case of the 934"year to 9-year-and-8-month period.
3 For redemption values and investm ent yields during original maturity period, see Department Circular N o. 653, Fifth Revision, dated September 23,
1959.
319 years and 8 m onths afterissue date.




TABLE 27
B O N D S B E A R IN G IS S U E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1952
Issue price . _ ___
Original maturity value.
Maturity value.
.

$18. 75
25. 00
25. 33

$37. 50
50. 00
50. 66

$75. 00
100. 00
101. 32

$150. 00
200. 00
202. 64

$375. 00
500. 00
506. 60

$750. 00
non

no

1, 013. 20

$7, 500
10, 000
10, 132

(1) Redemption values during each half-year period1
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

FIR ST E X T E N D E D M A T U R IT Y P ER IO D

2

Approximate investment
yield*
(2) On pur­ (3) On curren t
chase price
redemption
from issue
value from
beginning of
date to
beginning
each halfof each
year period 1
half-year
to extended
period 1
maturity
Percent

First }/2 year_____________
^ to 1 year--------------------1 to 1 ^ years . ________
1 to 2 years
----------2 to 2J/£ years _________
to 3 y e a r s ._________
3 to 3J^ years
—
—
3 H to 4 vears
--------4 to 4^£ vears, . __ __
4J^ to 5 years._ ----------5 to 53^ y e a r s ---------5V£ to 6 years..
6 to
years___________
to 7 vears. _ ----------7 to 7J^ vears____
7]/2 to 8 vears__
8 to 8 }^ vears____________
8 }4 to 9 years
9 to 93^ vears
9}^ to 10 years__________
EXTENDED M A T U ­
R ITY VALUE (10
years from original
maturity d a te )3 -------

$25.
25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
32.
32.
33.
33.
34.
35.
36.

33
78
23
70
18
67
18
69
22
76
32
89
48
07
69
32
97
63
31
01

36. 73

$50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
64.
65.
66.
67.
69.
70.
72.

66
56
46
40
36
34
36
38
44
52
64
78
96
14
38
64
94
26
62
02

7 3 .4 6

$101.
103.
104.
106.
108.
110.
112.
114.
116.
119.
121.
123.
125.
128.
130.
133.
135.
138.
141.
144.

32
12
92
80
72
68
72
76
88
04
28
56
92
28
76
28
88
52
24
04

146. 92

$202.
206.
209.
213.
217.
221.
225.
229.
235.
238.
242.
247.
251.
256.
261.
266.
271.
277.
282.
288.

64
24
84
60
44
36
44
52
76
08
56
12
84
56
52
56
76
04
48
08

29-3. 84

$506.
515.
524.
534.
543.
553.
563.
573.
584.
595.
606.
617.
629.
641.
653.
666.
679.
692.
706.
720.

60
60
60
00
60
40
60
80
40
20
40
80
60
40
80
40
40
60
20
20

734. 60

$1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

013.
031.
049.
068.
087.
106.
127.
147.
168.
190.
212.
235.
259.
282.
307.
332.
358.
385.
412.
440.

20
20
20
00
20
80
20
60
80
40
80
60
20
80
60
80
80
20
40
40

1, 469. 20

$10,
10,
10,
10,
10,
11,
11,
11,
11,
11,
12,
12.
12,
12,
13,
13,
13,
13,
14,
14,

132
312
492
680
872
068
272
476
688
904
128
356
592
828
076
328
588
852
124
404

14, 692

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

14
16
17
19
21
22
24
26
27
29
30
32
33
35
36
38
39
41
42
43

Percent

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.

75
76
78
79
80
81
82
84
85
86
87
89
89
91
92
94
94
96
98
00

3. 45

♦Calculated on basis of $1,000 bond (face value).
12-month period in the case of the 9V£-year to 9-year-and-8-month period.
3 For redemption values and investment yields during original maturity period, see Department Circular N o. 653, Fifth Revision, dated September 23,
1959.
3 19 years and 8 months after issue date.




34

TABLE 28
B O N D S B E A R IN G IS S U E D A T E S F R O M D E C E M B E R 1, 1952, T H R O U G H M A Y 1, 1953
Issue price_______________
Original maturity value_
Maturity value__________

$18. 75
25. 00
25. 39

$37. 50
50. 00
50. 78

$75. 00

100. 00
101. 56

$150. 00

200. 00

203. 12

$375. 00
500. 00
507. 80

$750. 00

1, 000. 00
1 ,0 1 5 . 60

$7, 500

10, 000

10, 156

(1) Redemption values during each half-year period i
(values increase on first day of period shown)

Period after original maturity
(beginning 10 years after issue
date)

F IR ST E X T E N D E D M A T U R IT Y PE R IO D 2

Approximate investment
yield*
(2) On pur­ (3) On current
chase price redemption
value from
from issue
beginning of
date to
beginning
each halfyear period i
of each
half-year
to extended
period i
maturity
Percent

First
year___________
K to 1 year____________
1 to 13^ years__________
1J^ to 2 years__________
2 to 23^ years__________
23^ to 3 years__________
3 to 33^ years__________
3 ^ 2 to 4 years__________
4 to 4 }/2 years__________
43^ to 5 years__________
5 to 53^ years__________
53^2 to 6 years__________
6 to 6 ^ years__________
63^ to 7 years__________
7 to 73^ years__________
73^ to 8 years__________
8 to 83^ years__________
8*4 to 9 years__________
9 to 93^ years__________
93^ to 10 years_________
EXTENDED
M ATU­
R IT Y VALUE (10
years from original
maturity date) 3___

$25.
25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
32.
32.
33.
34.
34.
35.
36.

39
84
29
76
24
74
24
76
29
83
39
96
55
15
77
40
05
71
40
10

36. 81

$50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
63.
64.
65.
66.
68.
69.
70.
72.

78
68
58
52
48
48
48
52
58
66
78
92
10
30
54
80
10
42
80
20

73. 62

$101.
103.
105.
107.
108.
110.
112.
115.
117.
119.
121.
123.
126.
128.
131.
133.
136.
138.
141.
144.

56
36
16
04
96
96
96
04
16
32
56
84
20
60
08
60
20
84
60
40

147. 24

$203.
206.
210.
214.
217.
221.
225.
230.
234.
238.
243.
247.
252.
257.
262.
267.
272.
277.
283.
288.

12
72
32
08
92
92
92
08
32
64
12
68
40
20
16
20
40
68
20
80

294. 48

$507.
516.
525.
535.
544.
554.
564
575.
585.
596.
607.
619.
631.
643.
655.
668.
681.
694.
708.
722.

80
80
80
20
80
80
80
20
80
60
80
20
00
00
40
00
00
20
00
00

736. 20

$1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

015.
033.
051.
070.
089.
109.
129.
150.
171.
193.
215.
238.
262.
286.
310.
336.
362.
388.
416.
444.

60
60
60
40
60
60
60
40
60
20
60
40
00
00
80
00
00
40
00
00

1, 472. 40

$10,
10,
10,
10,
10,
11,
11,
11,
11,
11,
12,
12,
12,
12,
13,
13,
13,
13,
14,
14,

156
336
516
704
896
096
296
504
716
932
156
384
620
860
108
360
620
884
160
440

14, 724

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

16
18
19
21
23
25
26
28
29
30
32
33
35
36
38
39
41
42
43
45

Percent

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
79
80
81
82
8:?
85
86
87
88
89
90
91
93
94
95
94
93

3. 46

C alculated on basis of $1,000 bond (face value).
1 2-month period in the case of the 93^-year to 9-year-and-8-month period.
2 For redemption values and investment yields during original maturity period, see Department Circular No. 653, Fifth Revision, dated September 23,
1959.
3 19 years and 8 months after issue date.




35

TABLE 29
B O N D S B E A R IN G ISSUE D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1953
?

Issue price
_ ____
Original maturity value-.
Maturity value ___

$18. 75
25. 00
25. 45

$37. 50
50. 00
50. 90

$75. 00
100. 00
101. 80

$150. 00
200. 00
203. 60

$375. 00
500. 00
509. 00

$7 5 0 .0 0
1, 000. 00
1, U1S. uu

$7, 500
10, 000
10, 180

(1) Redemption values during each half-year period >
(values increase on first day of period shown)
Period after original maturity
(beginning 10 years after issue
date)

FIRST E X T E N D E D M A T U R IT Y P E RIO D 2

\
First y<i year_____ —
^2 to 1 year
1 to l ]/2 vears___________
1J^ to 2 y ea rs....................
2 to 2 ]^, years____________
2J^ to 3 y ears..................
3 to
years-----------------33^ to 4 years-----------------4 to 4 x/2 years......................
43^ to 5 years-----------------5 to 5 ^ 2 y ears....................
5J^ to 6 years......................
6 to 6 ^ years___________
ap2 to 7 years— ...............
7 to 7J^ years___________
1 }/2 to 8 years____________
8 to 8 }^ vears___________
8 }^, to 9 years___________
9 to 9 }/2 years___________
91^ to 10 vears---------------EXTENDED
M ATU­
RITY VALUE (10
years from original
maturity d a te)3-------

$25.
25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
31.
31.
32.
32.
33.
34.
34.
35.
36.

45
90
36
83
31
80
31
83
36
90
46
04
62
23
84
48
13
80
48
18

36. 90

$50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
62.
63.
64.
65.
66.
68.
69.
70.
72.

90
80
72
66
62
60
62
66
72
80
92
08
24
46
68
96
26
60
96
36

73. 80

$101.
103.
105.
107.
109.
111.
113.
115.
117.
119.
121.
124.
126.
128.
131.
133.
136.
139.
141.
144.

80 $203. 60
60
207. 20
44
210. 88
32
214. 64
24
218. 48
20
222. 40
24
226. 48
32
230. 64
44
234. 88
60
239. 20
84
243. 68
16
248. 32
48
252. 96
92
257. 84
36
262. 72
92
267. 84
52
273. 04
20
278. 40
92
283. 84
72
289. 44

147. 60

295. 20

$509.
518.
527.
536.
546.
556.
566.
576.
587.
598.
609.
620.
632.
644.
656.
669.
682.
696.
709.
723.

00
00
20
60
20
00
20
60
20
00
20
80
40
60
80
60
60
00
60
60

738. 00

$1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

018.
036.
054.
073.
092.
112.
132.
153.
174.
196.
218.
241.
264.
289.
313.
339.
365.
392.
419.
447.

00
00
40
20
40
00
40
20
40
00
40
60
80
20
60
20
20
00
20
20

1 476. 00

$ 10,
10,
10,
10,
10,
11,
11,
11,
11,
11,
12,
12,
12,
12,
13,
13,
13,
13,
14,
14,

180
360
544
732
924
120
324
532
744
960
184
416
648
892
136
392
652
920
192
472

14, 760

Approximate investment
yield*
(2) On pur­
chase price
from issue
date to
beginning
of each
half-year
period 1

(3) On current
redemption
value from
beginning of
each halfyear period >
to extended
maturity

Percent

Percent

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

19
20
22
23
25
26
28
29
31
32
34
35
36
38
39
41
42
43
45
46

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
78
80
81
82
83
85
86
87
88
90
90
92
93
94
94
96
98

3. 47

■"Calculated on basis of $1,000 bond (face value).
12-month period in the case of the 9J s-year to 9-year-and-8-month period.
5 For redemption values and investment yields during original maturity period, see Department Circular No. 653, Fifth Revision, dated September 23,
1959.
8 19 years and 8 months after issue date.




36

TABLE 30
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1953, T H R O U G H M A Y 1, 1954
Issue price
_______
Original maturity value
Maturity value_________

$18. 75
25. 00
25. 52

$37. 50
50. 00
5 1 .0 4

$150. 00
200. 00
204. 16

$375. 00
500. 00
510. 40

$750. 00
1. 000. 00
1, 020. 80

$7, 500
10, 000
10, 208

(1) Redemption values during each half-year period 1
(values increase on first day o f period shown)

Period after original maturity
(beginning 10 years after issue
date)

First 3^ year_ __
3^ to 1 y e a r __ __________
1 to \} /2 y e a r s _____ to 2 years.
2 to
years____
23^ to 3 years. _ _ . .
3 to 33^ y e a r s ___
33^ to 4 years
...
4 to 43^ years. _
43^ to 5 years____ __ _
5 to 53^ years____
53^ to 6 years____
6 to 6 ^ years _ .
63^ to 7 y e a r s ____ ______
7 to 73^ years____
73^ to 8 years___
8 to 83^ years___________
8J4 to 9 y e a r s ____ - ._
9 to 93^ y ears.._
_
93^ to 10 years
_______
EXTENDED
M ATU­
R ITY VALUE (10
years from original
maturity d a te )3 ____

$75. 00
100. 00
102. 08

FIRST E X T E N D E D M A T U R IT Y PE RIO D 2

$25.
25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
31.
31.
32.
32.
33.
34.
34.
35.
36.

52
97
43
90
38
88
39
91
44
99
55
12
71
32
94
57
22
89
58
28

37. 00

$51.
51.
52.
53.
54.
55.
56.
57.
58.
59.
61.
62.
63.
64.
65.
67.
68.
69.
71.
72.

04
94
86
80
76
76
78
82
88
98
10
24
42
64
88
14
44
78
16
56

74. 00

$102.
103.
105.
107.
109.
111.
113.
115.
117.
119.
122.
124.
126.
129.
131.
134.
136.
139.
142.
145.

08
88
72
60
52
52
56
64
76
96
20
48
84
28
76
28
88
56
32
12

148. 00

$204.
207.
211.
215.
219.
223.
227.
231.
235.
239.
244.
248.
253.
258.
263.
268.
273.
279.
284.
290.

16
76
44
20
04
04
12
28
52
92
40
96
68
56
52
56
76
12
64
24

296. 00

$510.
519.
528.
538.
547.
557.
567.
578.
588.
599.
611.
622.
634.
646.
658.
671.
684.
697.
711.
725.

40
40
60
00
60
60
80
20
80
80
00
40
20
40
80
40
40
80
60
60

740. 00

$1,
1,
1,
1,
1,
1.
1,
1.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

020.
038.
057.
076.
095.
115.
135.
156.
177.
199.
222.
244.
268.
292.
317.
342.
368.
395.
423.
451.

80
80
20
00
20
20
00
40
60
60
00
80
40
80
60
80
80
60
20
20

1, 480. 00

$ 10,
10,
10,
10,
10,
11.
11,
11,
11,
11,
12,
12,
12,
12,
13,
13,
13,
13,
14,
14,

208
388
572
760
952
152
356
564
776
996
220
448
684
928
176
428
688
956
232
512

14, 800

Approximate Investment
yield*
(2) On pur­
chase price
from issue
date to
beginning
of each
half-year
period»

(3) On curren t
redemption
value from
beginning of
each halfyear period1
to extended
maturity

Percent

Percent

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

21
23
24
26
27
29
30
32
33
34
36
37
38
40
41
42
43
45
46
47

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
79
80
81
82
83
85
86
87
88
89
90
91
93
94
95
95
97

3. 49

•Calculated on basis of $1,000 bond (face value).
12-month period in the case of the 9J^-year to 9-year-and-8-month period.
2 For redemption values and investment yields during original maturity period, see Department Circular No. 053, Fifth Revision, dated September 23,
1959.
3 19 years and 8 months after issue date.




37

TABLE 31
B O N D S B E A R IN G IS SU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1954
Issue p r i c e ___
Original maturity value _
Maturity value. —

$18. 75
25. 00
25. 58

$37. 50
50. 00
5 1 .1 6

Period after original maturity
(beginning 10 years after issue
date)

$25. 58
First 3^ year___________
26. 03
to 1 year ----------26. 49
1 to 13^ years______ —
26. 96
13^ to 2 years______
27. 45
2 to 2 }/2 years______
27. 94
2J'£ to 3 y e a r s _____ - 28. 45
3 to 33^ years_____
28. 98
3^2 to 4 years------ --29. 51
4 to 43^ years_____
30. 06
43^ to 5 years_________ _
30. 62
5 to 53^ years________
31. 20
53^ to 6 years________
31. 79
G to G K years______ _____
32. 39
O H to 7 years______ _ 33. 01
7 to 7 ^ y e a r s ___
33. 65
7 3^ to 8 years______
34. 30
8 to 8 % years________ _
34. 97
8 K to 9 years___________
35. 66
9 to 93^ years_____
36. 37
9}^ to 10 years__________
EXTENDED
M ATU­
R ITY VALUE (10
years from original
37. 09
maturity d a te)3 ____

$51.
52.
52.
53.
54.
55.
56.
57.
59.
60.
61.
62.
63.
64.
66.
67.
68.
69.
71.
72.

$75. 00
100. 00
102. 32

$150. 00
200. 00
204. 64

$375. 00
500. 00
511. 60

$750. 00
1 000. 00
1, 023. 20

$7, 500
10, 000
10, 232

Approximate investment
yield*

(1) Redemption values during each half-year period*
(values increase on first day of period shown)

(2) On pur­
chase price
from issue
date to
beginning

FIRST E X T E N D E D M A T U R IT Y PERIO D 2

half-year
period 1

(3) On current
redemption
value from
beginning of
each halfyear period 1
to extended
maturity

Percent

Percent

16 $102. 32 $204. 64
06
104. 12
208. 24
98
105. 96
211. 92
92
107. 84
215. 68
90
109. 80
219. 60
88
111. 76
223. 52
90
113. 80
227. 60
96
115. 92
231. 84
02
118. 04
236. 08
12
120. 24
240. 48
24
122. 48
244. 96
40
124. 80
249. 60
58
127. 16
254. 32
78
129. 56
259. 12
02
132. 04
264. 08
30
134. 60
269. 20
60
137. 20
274. 40
94
139. 88
279. 76
32
142. 64
285. 28
74
145. 48
290. 96

74. 18

148. 36

296. 72

$511.
520.
529.
539.
549.
558.
569.
579.
590.
601.
612.
624.
635.
647.
660.
673.
686.
699.
713.
727.

60
60
80
20
00
80
00
60
20
20
40
00
80
80
20
00
00
40
20
40

7 4 1 .8 0

$1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

023.
041.
059.
078.
098.
117.
138.
159.
180.
202.
224.
248.
271.
295.
320.
346.
372.
398.
426.
454.

20
20
60
40
00
60
00
20
40
40
80
00
60
60
40
00
00
80
40
80

1 483. 60

$10,
10,
10,
10,
10,
11,
11,
11,
11,
12,
12,
12,
12,
12,
13,
13,
13,
13,
14,
14,

232
412
596
784
980
176
380
592
804
024
248
480
716
956
204
460
720
988
264
548

14, 836

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

24
25
27
28
29
31
32
33
35
36
37
39
40
41
42
44
45
46
47
49

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
79
80
81
82
83
85
80
87
88
89
91
92
93
95
96
97
96

3. 50

•Calculated on basis of $1,000 bond (face value).
i 2-month period in the case of the 9}^-year to 9-year-and-8-month period.
1 For redemption values and investment yields during original maturity period, see Department Circular No. 653, Fifth Revision, dated September 23
1959.
’
8 19 years and 8 months after issue date.




TABLE 32
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1954, T H R O U G H M A Y 1, 1955
Issue price
_ _
Original maturity value__

Period after issue date

First Y year
Yi to 1 vear
1 to 13^ years
13^ to 2 years
2 to 23^ years
23^ to 3 years. _
3 to 33^ years
33^ to 4 years __
4 to 4J^ years
43^> to 5 vears _

___
-

$18. 75
25. 00

$37. 50
50. 00

$75. 00 $150. 00 $375. 00
100. 00
200. 00
500. 00

$750. 00
1, 000. 00

$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.
19.
20.
20.
20.
20.

75
85
05
30
55
80
05
30
55
90

$37.
37.
38.
38.
39.
39.
40.
40.
41.
41.

50
70
10
60
10
60
10
60
10
80

$75.
75.
76.
77.
78.
79.
80.
81.
82.
83.

00
40
20
20
20
20
20
20
20
60

$150.
150.
152.
154.
156.
158.
160.
162.
164.
167.

00
80
40
40
40
40
40
40
40
20

$375.
377.
381.
386.
391.
396.
401.
406.
411.
418.

00
00
00
00
00
00
00
00
00
00

$750.
754.
762.
772.
782.
792.
802.
812.
822.
836.

00
00
00
00
00
00
00
00
00
00

$7,
7,
7,
7,
7,

7,
8,
8,
8,
8,

500
540
620
720
820
920
020
120
220
360

Approximate investment
yield*

(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear
period 1

(3) On cur­
rent redemp­
tion value
from begin­
ning of each
half-year
period 1 (a)
to maturity

Percent

Percent

0. 00
1. 07

1.
1.
2.
2.
2.
2.
2.
2.

59
94
10
19
25
28
30
43

f3.
f3.
t3.
t3.
f3.
t3.
t3.
f3.
t3.
J4.

00
10
16
19
23
28
34
41
49
00

4.
4.
4.
4.
4.
4.
4.
5.
5.

05
14
23
M
48
69

Redemption value sand investment yields to maturity on basis of June 1,1959, revision

5 to 53^ years

53^2 to 6 years. _
6 to 63^ years

_

63^ to 7 years
7 to i y 2 years
73^ to 8 years
8 to 8H years
83^ to 9 years
9 to 93^ vears
9 Y years to 9 years
and 8 months_________
M A T U R IT Y VALUE (9
years and 8 months
from issue date)____

$ 21.
21.
21.
22.
22.
23.
23.
24.
24.

26
62
99
38
78
19

66

15
65

$42.
43.
43.
44.
45.
46.
47.
48.
49.

52
24
98
76
56
38
32
30
30

04
48
96
52
12
76
64
60
60

$170.
172.
175.
179.
182.
1S5.
189.
193.
197.

08
96
92
04
24
52
28
20
20

$425.
432.
439.
447.
455.
463.
473.
483.
493.

20
40
80
60
60
80
20
00
00

$850.
864.
879.
895.
911.
927.
946.
966.
986.

40
80
60
20
20
60
40
00
00

$ 8,
8,
8,
8,
9,
9,
9,
9,
9,

504
648
796
952
112
276
464
660
860

2. 53

2. 61
2.
2.
2.
2.
2.
3.
3.

67
74
80
85
93
00
06

25. 16

50. 32

100. 64

201. 28

503. 20

1, 006. 40

10, 064

3. 12

25. 64

51. 28

102. 56

205. 12

512. 80

1, 025. 60

10, 256

3. 26

Period after maturity date

First Y year
—
Yt to 1 year
1 to \ Y years
13^ to 2 years
2 to 2Y vears
2 Y to 3 years___________
3 to 33^ years
33^ to 4 years
4 to 43^2 years
43^ to 5 years
5 to 53^ years .
53^ to 6 years
6 to 63^ years___________
63^ to 7 vears .
7 to 73^ years
_ .
73^ to 8 years.
8 to 83^2 years
8 Y to 9 years
_ _
9 to 9 Y years _
93^ to 10 years __
EXTENDED M ATU ­
R ITY VALUE (10
years from original
maturity date) 2____

$85.
86.
87.
89.
91.
92.
94.
96.
98.

64
09
55
03
51

01

52
04
58
13
69
27

86

47
09
73
38
06
74
45

37. 18

$51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
66.
67.
68.
70.
71.
72.

28
18
10
06
02
02
04
08
16
26
38
54
72
94
18
46
76
12
48
90

74. 36

$102.
104.
106.
108.
110.
112.
114.
116.
118.
120.
122.
125.
127.
129.
132.
134.
137.
140.
142.
145.

56
36

20
12
04
04
08
16
32
52
76
08
44

88

36
92
52
24
96
80

148. 72

$205.
208.
212.
216.
220.
224.
228.
232.
236.
241.
245.
250.
254.
259.
264.
269.
275.
280.
285.
291.

12
72
40
24
08
08
16
32
64
04
52
16

88
76
72
84
04
48
92
60

2 9 7 .4 4

$512.
521.
531.
540.
550.
560.
570.
580.
591.
602.
613.
625.
637.
649.
661.
674.
687.
701.
714.
729.

80
80
00
60
20
20
40
80
60
60
80
40
20
40
80
60
60
20
80
00

743. 60

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

025.
043.
062.
081.
100.
120.
140.
161.
183.
205.
227.
250.
274.
298.
323.
349.
375.
402.
429.
458.

60
60

00
20

40
40
80
60
20
20
60
80
40
80
60
20
20
40
60
00

1, 487. 20

$10,
10,
10,
10,
11,
11,
11,
11,
11,
12,
12,
12,
12,
12,
13,
13,
13,
14,
14,
14,

256
436
620
812
004
204
408
616
832
052
276
508
744
988
236
492
752
024
296
580

14, 872

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

26
28
29
30
31
33
34
35
36
38
39
40
41
43
44
45
46
47
49
50

3 .5 1

‘ Calculated on basis of $1,000 bond (face value).
fApproximate investment yield from beginning of each half-year period to maturity, at original maturity value prior to June 1, 1959, revision.
{Revised approximate investment yield from effective date of revision to maturity.
12-month period In the case of the 9J4 year to 9 year and 8 month period.
3 19 years and 8 months after issue date.




20
99

11. 67

(b) to ex­
tended
maturity

E X T E N D E D M A T U R IT Y PERIOD

$25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
31.
32.
33.
33.
34.
35.
35.
36.

88

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
4.

75
76
78
79
80
81
82
84
85

86

87

88
90
91
92
93
95
95
99
01

39
TABLE 33
B O N D S B E A R IN G
Issue price___
_
__________
Original maturity value.

Period after issue date

First H year_____________
^ to 1 year. __________
1 to
years ____________________
\]/2 to 2 years. __________ .
2 to 23^ years_____
—
2 }/2 to 3 years. . . _ _ .
3 to '3^ 2 years. _
33^ to 4 vears
—
4 to 43^ years. .
—

$18. 75
25. 00

IS SU E D A T E S F R O M JUN E 1 T H R O U G H N O V E M B E R 1, 1955
$37. 50
50. 00

$75. 00
100. 00

$150. 00
200. 00

$375. 00
500. 00

$750. 00
1, 000. 00

$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.
19.
20.
20.
20.

75
85
05
30
55
80
05
30
55

$37.
37.
38.
38.
39.
39.
40.
40.
41.

50
70
10
60
10
60
10
60
10

$75.
75.
76.
77.
78.
79.
80.
81.
82.

00
40
20
20
20
20
20
20
20

$150.
150.
152.
154.
156.
158.
160.
162.
164.

00
80
40
40
40
40
40
40
40

$375.
377.
381.
386.
391.
396.
401.
406.
411.

00
00
00
00
00
00
00
00
00

$750.
754.
762.
772.
782.
792.
802.
812.
822.

00
00
00
00
00
00
00
00
00

$7,
7,
7,
7,
7,
7,
8,
8,
8,

500
540
620
720
820
920
020
120
220

Approximat e investment
1pield*
(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear
period 1

(3) On cur­
rent redemp­
tion value
from begin­
ning of each
half-year
period 1 (a)
to maturity

Percent
0 . 00

Percent

1.
1.
1.
2.
2.
2.
2.
2.

07
59
94
10
19
25
28
30

f3.
f3.
t3.
f3.
t3.
t3.
f3.
f3.
J3.

00
10
16
19
23
28
34
41
99

2.
2.
2.
2.
2.
2.
2.
2.
3.
3.

44
54
62
70
77
83
88
96
02
09

4.
4.
4.
4.
4.
4.
4.
4.
5.
6.

04
10
18
27
37
52
74
92
26
10

Redemption values and investment yields to maturity on basis of June 1, 1959, revision

43^ to 5 y e a r s ._______ __
5 to 53^ years___________
53^ to 6 y e a r s ... _______
6 to 6 ^ years _
______
6 H to 7 years . _
7 to 73^ years
_______
73^ to 8 years. _____ _
8 to 8 H years____________
8 H to 9 years____________
9 to 93^ years____________
93^ years to 9 years
and 8 m onths. _______
M A T U R IT Y VALUE
(9 years and 8
months from issue
d a t e )... ____________

$20.
21.
21.
22.
22.
22.
23.
23.
24.
24.

91
27
64
02
42
82
23
71
20
70

$41.
42.
43.
44.
44.
45.
46.
47.
48.
49.

82
54
28
04
84
64
46
42
40
40

$83.
85.
86.
88.
89.
91.
92.
94.
96.
98.

64
08
56
08
68
28
92
84
80
80

$167.
170.
173.
176.
179.
182.
185.
189.
193.
197.

28
16
12
16
36
56
84
68
60
60

$418.
425.
432.
440.
448.
456.
464.
474.
484.
494.

20
40
80
40
40
40
60
20
00
00

$836.
850.
865.
880.
896.
912.
929.
948.
968.
988.

40
80
60
80
80
80
20
40
00
00

$8,
8,
8,
8,
8,
9,
9,
9,
9,
9,

364
508
656
808
968
128
292
484
680
880

25. 22

50. 44

100. 88

201. 76

504. 40

1, 008. 80

10, 088

3. 14

2 5 .7 1

51. 42

102. 84

205. 68

514. 20

1, 028. 40

10, 284

3. 29

First H year
$25. 71
26. 16
H to 1 year___
26. 63
1 to 13^ years
1
to 2 years..
_ _
27. 10
2 to 23^ years _ ___ ___
27. 59
23^ to 3 years
____
28. 09
3 to 33^ years. .
_. .
28. 60
3J^ to 4 years . . .
29. 12
4 to 4J/£ years_________ _
29. 66
43^ to 5 years
___
30. 21
5 to 53^2 years ____
30. 77
53^ to 6 years .
31. 35
6 to 6 ^ years___________
31. 95
32. 56
6 H to 7 years _ ____
7 to 73^2 vears .
_
33. 18
7J^ to 8 years .
33. 82
34. 48
8 to 83^ years___________
8 H to 9 years .
. . .
35. 15
9 to 93^ years____
35. 84
93^ to 10 years
__
36. 55
EXTENDED M ATU ­
R ITY VALUE (10
years from original
maturity date) 2____
37. 28

(b) to ex­
tended
maturity

E X T E N D E D M A T U R IT Y PE RIO D

Period after maturity date

$51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
65.
66.
67.
68.
70.
71.
73.

42 $102. 84 $205. 68 $514. 20
32
104. 64
209. 28
523. 20
26
106. 52
213. 04
532. 60
20
108. 40
216. 80
542. 00
110. 36
18
220. 72
551. 80
112. 36
18
224. 72
561. 80
114. 40
20
228. 80
572. 00
116. 48
24
232. 96
582. 40
32
118. 64
237. 28
593. 20
120. 84
42
241. 68
604. 20
123. 08
54
246. 16
615. 40
125. 40
70
250. 80
627. 00
90
127. 80
255. 60
639. 00
130. 24
12
260. 48
651. 20
132. 72
36
265. 44
663. 60
135. 28
64
270. 56
676. 40
137. 92
96
275. 84
689. 60
30
140. 60
281. 20
703. 00
68
143. 36
286. 72
716. 80
146. 20
10
292. 40
731. 00

74. 56

149. 12

298. 24

745. 60

028.
046.
065.
084.
103.
123.
1 144.
164.
186.
208.
230.
254.
278.
302.
327.
352.
379.
406.
433.
462.

$1
1
1
1
1

1
1
1
1
1
1
1
1
1
1
1
1
1
1

40
40
20
00
60
60
00
80
40
40
80
00
00
40
20
80
20
00
60
00

1, 491. 20

$10,
10,
10,
10,
11,
11,
11,
11,
11,
12,
12,
12,
12,
13,
13,
13,
13,
14,
14,
14,

284
464
652
840
036
236
440
648
864
084
308
540
780
024
272
528
792
060
336
620

14, 912

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

29
30
32
33
34
35
36
37
38
40
41
42
43
44
45
47
48
49
50
51

3. 53

•Calculated on basis of $1,000 bond (face value).
tApproximate investment yield from beginning of eacli half-year period to maturity, at original maturity value prior to June 1, 1959, revision.
{Revised approximate investment yield from effective date of revision to maturity.
12-month period in the case of the 9' i year to 9 year and 8 month period.
8 19 years and 8 months after issue date.




11. 89

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
7(1
77
79
80
81
82
84
85
86
88
89
89
91
92
93
94
9(1
98
99

TABLE 34
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1955, T H R O U G H M A Y 1, 1956
Issue price
.Original maturity v alu e..

Period after issue date

First
year_____________
to 1 year______________
1 to 13^ years___________
to 2 years___________
2 to 23^ years___________
23^ to 3 years_____ ______
3 to 33^ years___________
33^2 to 4 years
-------

$18. 75
25. 00

$37. 50
50. 00

$75. 00
100. 00

$ 1 5 0 .0 0
200. 00

$375. 00
500. 00

$750. 00
1, 000. 00

$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.
19.
20.
20.

75
85
05
30
55
80
05
30

$37.
37.
38.
38.
39.
39.
40.
40.

50
70
10
60
10
60
10
60

$75.
75.
76.
77.
78.
79.
80.
81.

00
40
20
20
20
20
20
20

$150.
150.
152.
154.
156.
158.
160.
162.

00
80
40
40
40
40
40
40

$375.
377.
381.
386.
391.
396.
401.
406.

00
00
00
00
00
00
00
00

$750.
754.
762.
772.
782.
792.
802.
812.

00
00
00
00
00
00
00
00

$7,
7,
7,
7,
7,
7,
8,
8,

500
540
620
720
820
920
020
120

Approximate investment
yield*

(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear
period 1

(3) On cur­
rent redemp­
tion value
from begin­
ning of each
half-year
period 1 (a)
to maturity

Percent

Percent

0.
1.
1.
1.
2.
2.
2.
2.

00
07
59
94
10
19
25
28

t3.
t3.
f3.
t3.
+3.
t3.
f3.
J3.

00
10
16
19
23
28
34
91

2.
2.
2.
2.
2.
2.
2.
2.
2.
3.
3.

32
45
56
65
73
79
85
91
98
05
11

4.
4.
4.
4.
4.
4.
4.
4.
4.
5.
6.

03
08
13
20
28
40
54
75
93
24
09

Redemption values and investment yields to maturity on basis of June 1, 1959, revision

4 to 43^ years___________
43^ to 5 years___________
5 to 53^ years _______
53^ to 6 years___________
6 to 6J^ vears_ ________
63^ to 7 y e a r s ... _______
7 to 73^ years______
..
73^ to 8 years. ___
___
8 to S} 4 years
8 H to 9 years __ —
_
9 to 93^ years-----93^ years to 9 years
and 8 m onths_________
M A T U R IT Y VALUE (9
years and 8 months
from issue da te)___

$20.
20.
21.
21.
22.
22.
22.
23.
23.
24.
24.

56
92
29
67
06
45
86
28
76
26
76

$41.
41.
42.
43.
44.
44.
45.
46.
47.
48.
49.

12
84
58
34
12
90
72
56
52
52
52

$82.
83.
85.
86.
88.
89.
91.
93.
95.
97.
99.

24
68
16
68
24
80
44
12
04
04
04

$164.
167.
170.
173.
176.
179.
182.
186.
190.
194.
198.

48
36
32
36
48
60
88
24
08
08
08

$411.
418.
425.
433.
441.
449.
457.
465.
475.
485.
495.

$822.
836.
851.
866.
882.
898.
914.
931.
950.
970.
990.

20
40
80
40
20
00
20
60
20
20
20

40
80
60
80
40
00
40
20
40
40
40

$8,
8,
8,
8,
8,
8,
9,
9,
9,
9,
9,

224
368
516
668
824
980
144
312
504
704
904

25. 28

50. 56

101. 12

202. 24

505. 60

1, 011. 20

10. 112

3. 17

25. 77

5 1 .5 4

103. 08

206. 16

515. 40

1, 030. 80

10, 308

3. 32

11. 86

(b) to ex­

First Hs vear -- - to 1 y e a r _ _ ---------------1 to 13^ years____________
13^ to 2 years___________
2 to 23^ years___________
23^ to 3 years___________
3 to 33^ years___________
33^ to 4 y e a r s __________
4 to 43^ years___________
43^ to 5 years
____
5 to 53^ y e a r s ---------------53^ to 6 years
6 to 6 ^ years _
63^ to 7 y e a r s ___—
7 to 73^ years___________
73^ to 8 years___________
8 to 8 3^ years
—
8 K to 9 years___9 to 93^ years___________
93^ to 10 years__________
EXTENDED M ATU R ­
IT Y
VALUE (10
years from original
maturity date) 2____

tended
maturity

E X T E N D E D M A T U R IT Y PE RIO D

Period after maturity date

$25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
32.
32.
33.
33.
34.
35.
35.
36.

77
22
69
16
65
15
66
19
73
28
85
43
02
63
26
90
56
23
93
64

37. 37

$51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
64.
65.
66.
67.
69.
70.
71.
73.

54
44
38
32
30
30
32
38
46
56
70
86
04
26
52
80
12
46
86
28

74. 74

$103.
104.
106.
108.
110.
112.
114.
116.
118.
121.
123.
125.
128.
130.
133.
135.
138.
140.
143.
146.

08
88
76
64
60
60
64
76
92
12
40
72
08
52
04
60
24
92
72
56

149. 48

$206.
209.
213.
217.
221.
225.
229.
233.
237.
242.
246.
251.
256.
261.
266.
271.
276.
281.
287.
293.

16 $515. 40
76
524. 40
52
533. 80
28
543. 20
20
553. 00
20
563. 00
28
573. 20
52
583. 80
84
594. 60
24
605. 60
80
617. 00
44
628. 60
16
640. 40
04
652. 60
08
665. 20
20
678. 00
48
691. 20
704. 60
84
44
718. 60
12
732. 80

298. 96

747. 40

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

030.
048.
067.
086.
106.
126.
146.
167.
189.
211.
234.
257.
280.
305.
330.
356.
382.
409.
437.
465.

80
80
60
40
00
00
40
60
20
20
00
20
80
20
40
00
40
20
20
60

1, 494. 80

$10,
10,
10,
10,
11,
11,
11,
11,
11,
12,
12,
12,
12,
13,
13,
13,
13,
14,
14,
14,

308
488
676
864
060
260
464
676
892
112
340
572
808
052
304
560
824
092
372
656

14, 948

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

32
33
34
35
36
37
38
39
40
41
42
44
45
46
47
48
49
50
51
53

3. 54

‘ Calculated on basis of $1,000 bond (face value).
_
.
tApproximate investment yield from beginning of each half-year period to maturity, at original maturity value prior to June 1,1959, revision,
t Revised approximate investment yield from effective date of revision to maturity.
1 2-month period in the case of the 9’4 year to 9 year and 8 month period.
219 years and 8 months after issue date.




3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
79
80
81
83
84
85
8(i
87
88
90
91
92
94
95
97
97
98

41
TABLE 35
B O N D S B E A R IN G IS SU E D A T E S F R O M JUN E 1 T H R O U G H N O V E M B E R 1, 1956
Issue price _
Original maturity value.

Period after Issue date

First Y year___
Yi to 1 y e a r ____
1 to 1 } { years.
1 Y to 2 years.
2 to 2 Y2 years. .
2 Y to 3 years .
3 to 3 Y years

$ 1 8 .7 5
25. 00

$ 3 7 .5 0
50. 00

$75. 00
100. 00

$ 1 5 0 .0 0
200. 00

$375. 00
500. 00

$750. 00
1, 000. 00

$7, 500
10, 000

(1) Redemption values during each half-year period ' (values increase on first day of period
shown)

$18.
18.
19.
19.
19.
19.
20.

75
85
05
30
55
80
05

$37.
37.
38.
38.
39.
39.
40.

50
70
10
60
10
60
10

$75.
75.
76.
77.
78.
79.
80.

00
40
20
20
20
20
20

$150.
150.
152.
154.
156.
158.
160.

00
80
40
40
40
40
40

$375.
377.
381.
386.
391.
396.
401.

00
00
00
00
00
00
00

$750.
754.
762.
772.
782.
792.
802.

00 •
00
00
00
00
00
00

$7,
7,
7,
7,
7,
7,
8,

500
540
620
720
820
920
020

Approximat e investment
yi eld*
(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear
period 1

(3) On cur­
rent redemp­
tion value
from begin­
ning of each
half-year
period 1 (a)
to maturity

Percent

Percent

0.
1.
1.
1.
2.
2.
2.

00
07
59
94
10
19
25

f3 .
|3.
f3.
f3.
f3.
f3.
f3.

00
10
16
19
23
28
84

3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
5.
6.

94
06
11
16
23
31
41
55
75
92
27
07

Redemption values and investment yields to maturity on basis of June 1, 1959, revision

3Y to 4 y e a r s ..
4 to 4}£ years .
4}^ to 5 years .
5 to 5Y years _
___
5Y to 6 years____________
6 to 6Y years____________
6Y to 7 years------------------7 to 7Y years____________
7tf to 8 years.
8 to 8 Yi years____________
8Yi to 9 years.
9 to 9 }i years____________
9 Yi years to 9 years and
8 months.,
M A T U R IT Y VALUE
(9 years and 8
months from issue
________
date)
-

$20.
20.
20.
21.
21.
22.
22.
22.
23.
23.
24.
24.

31
57
93
31
70
09
50
91
33
82
31
82

$40.
41.
41.
42.
43.
44.
45.
45.
46.
47.
48.
49.

62
14
86
62
40
18
00
82
66
64
62
64

$81.
82.
83.
85.
86.
88.
90.
91.
93.
95.
97.
99.

24
28
72
24
80
36
00
64
32
28
24
28

$162.
164.
167.
170.
173.
176.
180.
183.
186.
190.
194.
198.

48
56
44
48
60
72
00
28
64
56
48
56

$406.
411.
418.
426.
434.
441.
450.
458.
466.
476.
486.
496.

20
40
60
20
00
80
00
20
60
40
20
40

$812.
822.
837.
852.
868.
883.
900.
916.
933.
952.
972.
992.

40
80
20
40
00
60
00
40
20
80
40
80

$8, 124
8, 228
8, 372
8, 524
8, 680
8, 836
9, 000
9, 164
9, 332
9, 528
9, 724
9, 928

2. 30
2. 33
2. 46
2. 58
2. 67
2. 75
2. 82
2. 88
2. 94
3. 01
3. 08
3. 14

20

25. 34

50. 68

101. 36

202. 72

506. 80

1, 013. 60

10, 136

3.

25. 83

51 .6 6

103. 32

206. 64

516. 60

1, 033. 20

10, 332

3. 34

Period after maturity date

$25. 83
First Yi vear_____________
26. 28
Y to 1 year
26. 75
1 to 1Y vears _ _
27. 23
1Y to 2 years. .
27. 72
2 to 2Y years . . . .
2 Y to 3 years _
.
___
28. 22
28. 73
3 to 3 Y vears.
___
29. 26
3Y to 4 years____________
29. 80
4 to 4 Y years.
30. 35
4Y to 5 years
30. 92
5 to 5Y vears
31. 50
5Y to 6 vears
32. 10
6 to 6Y years____________
GY to 7 vears.
32. 71
33. 34
7 to 7Y years.
_ _
7Yi to 8 years .
33. 98
34. 64
8 to 8 Y years
35. 31
8Yi to 9 years____________
9 to 9Y years____________
36. 01
9Y to 10 years___________
36. 72
EXTENDED M ATUR­
IT Y VALUE (10
years from original
maturity date) 2____
37. 45

(b) to ex­
tended
maturity

E X T E N D E D M A T U R IT Y PERIOD

$51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
63.
64.
65.
66.
67.
69.
70.
72.
73.

66
56
50
46
44
44
46
52
60
70
84
00
20
42
68
96
28
62
02
44

74. 90

$103.
105.
107.
108.
110.
112.
114.
117.
119.
121.
123.
126.
128.
130.
133.
135.
138.
141.
144.
146.

32
12
00
92
88
88
92
04
20
40
68
00
40
84
36
92
56
24
04
88

149. 80

$206.
210.
214.
217.
221.
225.
229.
234.
238.
242.
247.
252.
256.
261.
266.
271.
277.
282.
288.
293.

64
24
00
84
76
76
84
08
40
80
36
00
80
68
72
84
12
48
08
76

299. 60

$516.
525.
535.
544.
554.
564.
574.
585.
596.
607.
618.
630.
642.
654.
666.
679.
692.
706.
720.
734.

60
60
00
60
40
40
60
20
00
00
40
00
00
20
80
60
80
20
20
40

749. 00

$1,
1,
1,
1,
1.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

033.
051.
070.
089.
108.
128.
149.
170.
192.
214.
236.
260.
284.
308.
333.
359.
385.
412.
440.
468.

20
20
00
20
80
80
20
40
00
00
80
00
00
40
60
20
60
40
40
80

1, 498. 00

$10,
10,
10,
10,
11,
11,
11,
11,
11.
12,
12,
12,
12,
13,
13,
13,
13,
14,
14,
14,

332
512
700
892
088
288
492
704
920
140
368
600
840
084
336
592
856
124
404

688

14, 980

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
53
54

3. 55

‘ Calculated on basis of $1,000 bond (face value).
+Approximate investment yield from beginning of each half-year period to maturity, at original maturity value prior to June 1,1959, revision,
tRevised approximate investment yield from effective date of revision to maturity.
12-month period in the case of the 9}/$ year to 9 year and 8 month period.
1 19 years and 8 months after issue date.




11. 83

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
78
80
81
82
83
84

86
87

88
89
90
91
93
94
96
96
98

42

TABLE 36
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1956, T H R O U G H JAN U AR Y
Issue price
___
Original maturity value.

--

$37. 50
50. 00

$75. 00
100. 00

$150. 00
200. 00

$375. 00
500. 00

$750. 00
1, 000. 00

$7, 500
10, 000

(1) Redemption values during each half-year period 1 (values increase on first day of period
shown)

Period after issue date

First Yi y ea r. __
}-2 to 1 y e a r ____
1 to 1 years _
\Yi to 2 years. 2 to 2 Yi y e a r s _____
2 Yi to 3 years
___

$18. 75
25. 00

-

$18.
18.
19.
19.
19.
19.

75
85
05
30
55
80

$37.
37.
38.
38.
39.
39.

50
70
10
60
10
60

$75.
75.
76.
77.
78.
79.

00
40
20
20
20
20

$150.
150.
152.
154.
156.
158.

00
80
40
40
40
40

$375.
377.
381.
386.
391.
396.

$750.
754.
762.
772.
782.
792.

00
00
00
00
00
00

00
00
00
00
00
00

$7, 500
7, 540
7, 620
7, 720
7, 820
7, 920

1, 1957

Approximate investment
yield*
(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear
period 1

(3) On cur­
rent redemp­
tion value
from begin­
ning of eaclt
half-year
period 1 (a)
to maturity

Percent

Percent

0.
1.
1.
1.
2.
2.

00
07
59
94
10
19

f3.
f3.
f3.
|3.
f3.
13.

00
10
16
19
23
78

2.
2.
2.
2.
2.
2.
2.
2.
2.
2.
3.
3.
3.

26
31
34
49
60
70
78
85
91
96
04
11
17

3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
5.
6.

87
97
10
14
1!)
26
34
44
57
78
96
29
12

Redemption values and investment yields to maturity on basis of June 1,1959, revision

3 to 3 Yi years
3Y to 4 years.
4 to 4 ^ years____________
4}1j to 5 years
5 to 5 Yi years.
5 Yi to 6 years
6 to 6Y years____________
6 Yi to 7 years.
7 to 7 Yi vears. _
7 Yi to 8 y e a r s ..
8 to 8 Yi vears . _
8 Yi to 9 years .
9 to 9% vears
9Yi years to 9 years and
8 monthsM A T U R IT Y VALUE (9
years and 8 months
from issue da te)___

$20.
20.
20.
20.
21.
21.
22.
22.
22.
23.
23.
24.
24.

06
32
58
96
34
73
13
54
96
38
87
37
88

$40.
40.
41.
41.
42.
43.
44.
45.
45.
46.
47.
48.
49.

12
64
16
92
68
46
26
08
92
76
74
74
76

1 to
years
----1 }{ to 2 years _ . .
2 to
years.
2 Yi to 3 vears. _
3 to 3Yi years------------------V/% to 4 years_______
4 to 4 Yi years
_________
4 Yi to 5 v e a r s ____ ______
5 to 5 Yi years. . —
5 Yi to 6 vears.
.
.
6 to 6 Yt vears
----------6Yi to 7 vears _______ .
7 to 7 Yi vears
. .. . 7 Yi to 8 vears___
8 to 8Yi vears.
____
SYi to 9 v e a r s . - ___ __
9 to 9 Yi vears.
9 Y to 10 vears
EXTENDED M ATUR­
ITY VALUE (10
years from original
maturity date) 2____

24
28
32
84
36
92
52
16
84
52
48
48
52

$160.
162.
164.
167.
170.
173.
177.
180.
183.
187.
190.
194.
199.

48
56
64
68
72
84
04
32
68
04
96
96
04

$401.
406.
411.
419.
426.
434.
442.
450.
459.
467.
477.
487.
497.

20
40
60
20
80
60
60
80
20
60
40
40
60

$802.
812.
823.
838.
853.
869.
885.
901.
918.
935.
954.
974.
995.

40
80
20
40
60
20
20
60
40
20
80
80
20

$8,
8,
8,
8,
8,
8,
8,
9,
9,
9,
9,
9,
9,

024
128
232
384
536
692
852
016
184
352
548
748
952

25. 40

50. 80

101. 60

203. 20

508. 00

1, 016. 00

10, 160

3. 22

25. 90

51. 80

103. 60

207. 20

518. 00

1, 036. 00

10, 360

3. 37

$25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
31.
31.
32.
32.
33.
34.
34.
35.
36.
36.

90
36
82
30
79
29
81
34
88
43
00
59
18
80
43
07
73
41
11
82

37. 55

$51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
62.
63.
64.
65.
66.
68.
69.
70.
72.
73.

80
72
64
60
58
58
62
68
76
86
00
18
36
60
86
14
46
82
22
64

75. 10

$103.
105.
107.
109.
111.
113.
115.
117.
119.
121.
124.
126.
128.
131.
133.
136.
138.
141.
144.
147.

60
44
28
20
16
16
24
36
52
72
00
36
72
20
72
28
92
64
44
28

150. 20

$207.
210.
214.
218.
222.
226.
230.
234.
239.
243.
248.
252.
257.
262.
267.
272.
277.
283.
288.
294.

20
88
56
40
32
32
48
72
04
44
00
72
44
40
44
56
84
28
88
56

300. 40

$518.
527.
536.
546.
555.
565.
576.
586.
597.
608.
620.
631.
643.
656.
668.
681.
694.
708.
722.
736.

00
20
40
00
80
80
20
80
60
60
00
80
60
00
60
40
60
20
20
40

751. 00

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

036.
054.
072.
092.
111.
131.
152.
173.
195.
217.
240.
263.
287.
312,
337.
362.
389.
416.
444.
472.

00
40
80
00
60
60
40
60
20
20
00
60
20
00
20
80
20
40
40
80

1, 502. 00

$10,
10,
10,
10,
11,
11,
11,
11,
11,
12,
12,
12,
12,
13,
13,
13,
13,
14.
14,
14,

360
544
728
920
116
316
524
736
952
172
400
636
872
120
372
628
892
164
444
728

15, 020

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

37
38
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55

3. 56

♦Calculated on basis of $1,000 bond (face value).
,
. . .
,
. _
,
■•
fApproximate investment yield from beginning of each half-year period to maturity, at original maturity value prior to June 1, 1959, revision.
{Revised approximate investment yield from effective date of revision to maturity,
i 2-month period In the case of the %lA year to 9 year and 8 month period.
2 19 years and 8 months after issue date.




12. 05

(b) to ex­
tended
maturity

E X T E N D E D M A T U R IT Y PERIOD

Period after maturity date

First Y vear.
Yi to 1 year„

$80.
81.
82.
83.
85.
86.
88.
90.
91.
93.
95.
97.
99.

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
79
80
81
82
83
84
86
87
88
90
90
91
93
94
95
95
97

43

TABLE 37
B O N D S B E A R IN G IS S U E D A T E S F R O M F E B R U A R Y 1 T H R O U G H APR IL 1, 1957
Issue p r i c e ___ __
Original maturity v a lu e ..

Period after issue date

First Yi year________ .
Yi to 1 year____________
1 to 1)4 years__________
1 % to 2 years
.. —
2 to 2}^ years.
.. —
2 Y to 3 years __
___

$18. 75
25. 00

$37. 50
50. 00

$75. 00
100. 00

$150. 00
200. 00

$375. 00
500. 00

$750. 00
1, 000. 00

$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.

75
90
18
48
81
15

$37.
37.
38.
38.
39.
40.

50
80
36
96
62
30

$75.
75.
76.
77.
79.
80.

00
60
72
92
24
60

$150.
151.
153.
155.
158.
161.

00
20
44
84
48
20

$375.
378.
383.
389.
396.
403.

$750.
756.
767.
779.
792.
806.

00
00
60
60
20
00

00
00
20
20
40
00

$7,
7,
7,
7,
7,
8,

500
560
672
792
924
060

Approximate investment
yield*
(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear
period 1

(3) On cur­
rent redemp­
tion value
from begin­
ning of each
half-year
period 1 (a)
to maturity

Percent

Percent

0.
1.
2.
2.
2.
2.

00
60
28
56
77
90

f3.
f3.
f3.
|3.
t3.
J3.

25
35
38
39
39
89

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

01
08
15
21
27
31
35
40
44
48
52

3.
3.
3.
4.
4.
4.
4.
4.
4.
4.
4.

92
95
99
02
05
10
15
19
23
30
45

Redemption values and investment yields to maturity on basis of June 1, 1959, revision
3 to 3 Y years
______
3 Yi to 4 years__________
4 to 4Y years
4 Yi. to 5 years.
____
5 to 5% years. _____ .
5% to 6 years_______ _
6 to 6 Y years_______
6Yi to 7 years. ______
7 to 7Y% years. ________
lYi to 8 years__________
8 to 8Y years
8 Yi years to 8 years and
11 m onths. _
------M A T U R IT Y VALUE
(8 years and 11
months from issue
date) .
—
—

$20.
20.
21.
21.
22.
22.
22.
23.
23.
24.
24.

51
87
25
64
05
46
89
34
81
29
78

$41.
41.
42.
43.
44.
44.
45.
46.
47.
48.
49.

02
74
50
28
10
92
78
68
62
58
56

04
48
00
56
20
84
56
36
24
16
12

$164.
166.
170.
173.
176.
179.
183.
186.
190.
194.
198.

08
96
00
12
40
68
12
72
48
32
24

$410.
417.
425.
432.
441.
449.
457.
466.
476.
485.
495.

20
40
00
80
00
20
80
80
20
80
60

$820.
834.
850.
865.
882.
898.
915.
933.
952.
971.
991.

40
80
00
60
00
40
60
60
40
60
20

$8,
8,
8,
8,
8,
8,
9,
9,
9,
9,
9,

204
348
500
656
820
984
156
336
524
716
912

25. 29

50. 58

101. 16

202. 32

505. 80

1, 011. 60

10, 116

3. 55

25. 80

51. 60

103. 20

206. 40

516. 00

1, 032. 00

10, 320

3 .6 1

$25.
26.
26.
27.
27.
28.
28.
29.
29.
30.
30.
31.
32.
32.
33.
33.
34.
35.
35.
36.

80
25
72
20
68
19
70
22
76
32
88
46
06
67
30
94
60
27
97
68

37. 41

$51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
64.
65.
66.
67.
69.
70.
71.
73.

60
50
44
40
36
38
40
44
52
64
76
92
12
34
60
88
20
54
94
36

74. 82

$103.
105.
106.
108.
110.
112.
114.
116.
119.
121.
123.
125.
128.
130.
133.
135.
138.
141.
143.
146.

20
00
88
80
72
76
80
88
04
28
52
84
24
68
20
76
40
08
88
72

149. 64

$206.
210.
213.
217.
221.
225.
229.
233.
238.
242.
247.
251.
256.
261.
266.
271.
276.
282.
287.
293.

40 $516. 00
00
525. 00
534. 40
76
544. 00
60
44
553. 60
563. 80
52
574. 00
60
584. 40
76
595. 20
08
56
606. 40
04
617. 60
68
629. 20
641. 20
48
36
653. 40
40
666. 00
52
678. 80
692. 00
80
16
705. 40
76
719. 40
44
733. 60

299. 28

748. 20

$1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

032.
050.
068.
088.
107.
127.
148.
168.
190.
212.
235.
258.
282.
306.
332.
357.
384.
410.
438.
467.

00
00
80
00
20
60
00
80
40
80
20
40
40
80
00
60
00
80
80
20

1, 496. 40

$10,
10,
10,
10,
11,
11,
11,
11,
11,
12,
12,
12,
12,
13,
13,
13,
13,
14,
14,
14,

320
500
688
880
072
276
480
688
904
128
352
584
824
068
320
576
840
108
388
672

14, 964

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3,
3.
3.
3.

61
61
60
60
60
60
60
61
61
61
62
62
63
63
64
65
65
66
67
68

3. 69

•Calculated on basis of $1,000 bond (face value).
tApproximate investment yield from beginning of each half-year period to maturity, at original maturity value prior to June 1, 1959, revision.
I Revised approximate investment yield from effective date of revision to maturity.
<5-month period in the case of the 8}4 year to 8 year and 11 month period.
3 18 years and 11 months after issue date.




4. 85

(b) to ex­
tended
maturity

E X T E N D E D M A T U R IT Y PERIO D

Period after maturity date

First Y% y e a r _____
Yi to 1 year
------------1 to 1 }{ years____________
i y to 2 years__________
2 to 2 Y years___________
2 Yi to 3 years----------------3 to 3 Yi years------------------3Yi to 4 years----------------4 to 4 Yi years____________
4}£ to 5 years----------------5 to 5Yi years------------------5Yi to 6 years____________
6 to 6Y years____________
6 Yi to 7 y e a r s ----------------7 to 7 Yi y e a r s ___________
7 Y to 8 years____________
8 to 8 Yi y e a r s ............... ..
SYi to 9 years____________
9 to 9Y years________
9Y to 10 y e a r s ________
EXTENDED
M A T U R IT Y VALUE
(10 years from orig­
inal maturity date)2. .

$82.
83.
85.
86.
88.
89.
91.
93.
95.
97.
99.

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
76
77
79
80
81
82
84
85
86
87
89
90
91
92
93
94
97
96
98

44
TABLE 38
B O N D S B E A R IN G ISSU E D A T E O F M A Y 1, 1957

Issue price___________ _
Original maturity v a lu e ..

$18. 75
25. 00

Y

$ 7 5 .0 0

100. 00

.

$ 1 5 0 .0 0

200 00

$ 3 7 5 .0 0
500. 00

$ 7 5 0 .0 0

1,000.00

$7, 500

10,000

(1) Redemption values dming each half-year period1 (values
increase on first day of period shown)

Period after issue date

First
y e a r ..
Yt, to 1 year___
1 to V/i years _
1)4 to 2 years.
2 to 2 Y years.
2 Y% to 3 years.

$37. 50
50. 00

$18.
18.
19.
19.
19.
20.

75
90
18
48
81
15

$37.
37.
38.
38.
39.
40.

50
80
36
96
62
30

$75.
75.
76.
77.
79.
80.

00
60
72
92
24
60

$150.
151.
153.
155.
158.
161.

00
20
44
84
48
20

$375.
378.
383.
389.
396.
403.

00
00
60
60
20
00

$750.
756.
767.
779.
792.
806.

00
00
20
20
40
00

\1,
7,
7,
7,
7,
8,

500
560
672
792
924
060

Approximate investment
yield*

(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear
period 1

(3) On cur­
rent redemp­
tion value
from begin­
ning of each
half-year
period 1
to maturity

Percent

Percent

0. 00 i
1.
2.
2.
2.
2.

60 I
28 I
56 i
77 I
90

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

01
08
15
21
27
31
35
40
44
48
52

f3.
f3.
t3.
t3.
f3.
J3.

25
35
38
39
39
89

3.
3.
3.
4.
4.
4.
4.
4.
4.
4.
4.

92
95
99
02
05
10
15
19
23
30
45

Redemption values and investment yields to maturity on basis of June 1, 1959, revision

3 to 3}i vears.
- ___
3)4 to 4 y e a r s ._ . _ __
4 to 4)4 y e a r s ..
______
4Yi to 5 years.
—
5 to
vears.
_ _
5 Yi to 6 years___
6 to 6 years . . .
6Yi to 7 vears.
7 to 7Yi years.
7 Yi to 8 years.
8 to 8 }{ years. _
8Yi years to 8 years and
11 m onths. _
M A T U R IT Y VALUE (8
years and 11
months from issue
date) _
_ _ -----

$20.
20.
21.
21.
22.
22.
22.
23.
23.
24.
24.

51
87
25
64
05
46
89
34
81
29
78

$41.
41.
42.
43.
44.
44.
45.
46.
47.
48.
49.

02
74
50
28
10
92
78
68
62
58
56

$82.
83.
85.
86.
88.
89.
91.
93.
95.
97.
99.

04
48
00
56
20
84
56
36
24
16
12

$164.
166.
170.
173.
176.
179.
183.
186.
190.
194.
198.

08
96
00
12
40
68
12
72
48
32
24

$410.
417.
425.
432.
441.
449.
457.
466.
476.
485.
495.

20
40
00
80
00
20
80
80
20
80
60

$820.
834.
850.
865.
882.
898.
915.
933.
952.
971.
991.

40
80
00
60
00
40
60
60
40
60
20

$8,
8,
8,
8,
8,
8,
9,
9,
9,
9,
9,

204
348
500
656
820
984
156
336
524
716
912

25. 29

50. 58

101. 16

202. 32

505. 80

1, 011. 60

10, 116

3. 55

4. 85

25. 80

51. 60

103. 20

206. 40

516. 00

1, 032. 00

10, 320

3. 61

-------------

‘ Calculated on basis of $1,000 bond (face value).
tApproximate investment yield from beginning of each half-year period to maturity, at original maturity value prior to June 1, 1959, revision.
tRevised approximate investment yield from effective date of revision to maturity.
1 5-month period in the case of the 8% year to 8 year and 11 month period.




t

45

TABLE 39
B O N D S B E A R IN G ISSU E D ATES F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1957
Issue price. _
Original maturity value.

$18. 75
25. 00

Yi

Yi

- -

Yi

$ 7 5 .0 0
100. 00

$ 1 5 0 .0 0
200. 00

$375. 00
500. 00

$750. 00
1, 000. 00

$7, 500
10, 000

(1) Redemption values during each half-year period1 (values
increase on first day of period shown)

Period after issue date

First
year___
to 1 year
..
1 to 1^2 years.
l ¥ to 2 years
2 to 2 years. _

$37. 50
50. 00

$18.
18.
19.
19.
19.

75
90
18
48
81

$37.
37.
38.
38.
39.

50
80
36
96
62

$75.
75.
76.
77.
79.

00
60
72
92
24

$150.
151.
153.
155.
158.

00
20
44
84
48

$375.
378.
383.
389.
396.

00
00
60
60
20

$750.
756.
767.
779.
792.

00
00
20
20
40

$7,
7,
7,
7,
7,

500
560
672
792
924

Approximate investment
yield*
(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear
period 1

(3) On cur­
rent redemp­
tion value
from begin­
ning of each
half-year
period 1
to maturity

Percent

Percent

0.
1.
2.
2.
2.

00
60
28
56
77

f3.
|3.
f3.
f3.
J3.

25
35
38
39
89

2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

92
03
10
18
24
30
35
39
43
47
51
55

3.
3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.

92
95
99
01
04
08
10
15
20
24
32
44

Redemption values and investment yields to maturity on basis of June 1, 1959, revision

Yi

3Yi
Yi

2 to 3 years------------------3 to
years _
___
3 Y to 4 years
_ ___
4 to 4 years _ _ _ _ _ _ _
to 5 years
._ .
5 to 5Yi years
5 Y< to 6 years
6 to 6 Y years
<oYi to 7 years
7 to 7 Y vears
7 Yi to 8 years
8 to 8 }i years.
8Yi years to 8 years and
11 m onths. _
M A T U R IT Y VALUE
(8 years and 11
months from issue
date)

$20.
20.
20.
21.
21.
22.
22.
22.
23.
23.
24.
24.

16
52
88
27
67
08
51
94
39
86
34
84

$40.
41.
41.
42.
43.
44.
45.
45.
46.
47.
48.
49.

32
04
76
54
34
16
02
88
78
72
68
68

*80.
82.
83.
85.
86.
88.
90.
91.
93.
95.
97.
99.

64
08
52
08
68
32
04
76
56
44
36
36

$161.
164.
167.
170.
173.
176.
180.
183.
187.
190.
194.
198.

28
16
04
16
36
64
08
52
12
88
72
72

$403.
410.
417.
425.
433.
441.
450.
458.
467.
477.
486.
496.

20
40
60
40
40
60
20
80
80
20
80
80

$806.
820.
835.
850.
866.
883.
900.
917.
935.
954.
973.
993.

40
80
20
80
80
20
40
60
60
40
60
60

$8,
8.
8,
8,
8.
8.
9.
9,
9,
9,
9,
9,

064
208
352
508
668
832
004
176
356
544
736
936

25. 35

50. 70

101. 40

202. 80

507. 00

1, 014. 00

10. 140

3. 58

25. 86

51. 72

103. 44

206. 88

517. 20

1, 034. 40

10, 344

3. 64

‘ Calculated on basis of $1,000 bond (face value).
f Approximate investment yield from beginning ofeach half-year period to maturity, at original maturity value prior to June 1,1959, revision.
i Revised approximate investment yield from effective date of revision to maturity,
i 5-month period in the case of the
year to 8 year and 11 month period.




4. 84

46
TABLE 40
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1957, T H R O U G H M A Y 1, 1958

Issue price _______
Original maturity value.

$18. 75
25. 00

$ 3 7 .5 0
50. 00

$150. 00
200. 00

$ 3 7 5 .0 0
500. 00

$ 7 5 0 .0 0
1, 000. 00

$7, 500
10, 000

$18.
18.
19.
19.

75
90
18
48

$37.
37.
38.
38.

50
80
36
96

$75.
75.
76.
77.

00
60
72
92

$150.
151.
153.
155.

00
20
44
84

Approximate investment
vield *
(3) On cur­
(2) On pur­
rent redemp­
chase price
tion value
from issue
from begin­
date to begin­ ning of each
ning of each
half-year
half-year
period 1to
period*
maturity

(1) Redemption values during each half-year period1
(values increase on first day of period shown)

Period after issue date

First Y y e a r .. ._
l/i to 1 year _ __________
1 to 1 Y years_______ __
1Y to 2 y e a r s . ________

$ 7 5 .0 0
100. 00

Percent

$375.
378.
383.
389.

00
00
60
60

$750.
756.
767.
779.

00
00
20
20

$7,
7,
7,
7,

500
560
672
792

Percent

0.
1.
2.
2.

00
60
28
56

f3 .
f3.
t3.
J3.

25
35
38
89

2.
2.
3.
3.
3
3.
3.
3.
3.
3.
3.
3.
3.

79
94
05
14
21
27
33
38
43
46
50
54
58

3.
3.
3.
4.
4
4.
4
4
4.
4
4.
4.
4.

92
95
99
01
04
07
10
13
17
22
28
34
47

Redemption values and investment yields to maturity on basis of June 1, 1959, revision

2 to 2 Y years__________
2 Y to 3 years_______ __
3 to 3 Y years___________
3 Y to 4 years___ ______
4 to 4J4 y e a r s ____ _____
4 Yi to 5 years___________
5 to 5 Y y e a r s ____ _____
5Yz to 6 y e a r s ___ _____
6 to 6 Y y e a r s ________
6 Y to 7 years____
7 to 7Y years ________
7 Y to 8 years_______ __
8 to 8 Y years___ __ _ _
8 Yi years to 8 years and
11 months_____________
M A T U R IT Y VALUE (8
years and 11 months
from issue date)____

$19.
20.
20.
20.
21.
21.
22.
22.
22.
23.
23.
24.
24.

82
17
53
91
30
70
12
55
99
44
91
40
90

$39.
40.
41.
41.
42.
43.
44.
45.
45.
46.
47.
48.
49.

64
34
06
82
60
40
24
10
98
88
82
80
80

$79.
80.
82.
83.
85.
86.
88.
90.
91.
93.
95.
97.
99.

28
68
12
64
20
80
48
20
96
76
64
60
60

$158.
161.
164.
167.
170.
173.
176.
180.
183.
187.
191.
195.
199.

56
36
24
28
40
60
96
40
92
52
28
20
20

$396.
403.
410
418.
426.
434.
442.
451.
459.
468.
478.
488.
498

40
40
60
20
00
00
40
00
80
80
20
00
00

$792.
806.
821.
836.
852.
868.
884.
902.
919.
937.
956.
976.
996.

80
80
20
40
00
00
80
00
60
60
40
00
00

$7,
8,
8,
8,
8,
8,
8,
9,
9,
9,
9,
9,
9,

928
068
212
364
520
680
848
020
196
376
564
760
960

25. 41

50. 82

101. 64

203. 28

508. 20

1, 016. 40

10, 164

3. 61

25. 93

51. 86

103. 72

207. 44

518. 60

1, 037. 20

10, 372

3. 67

•Calculated on basis of $1,000 bond (face value).
t Approximate investment yield from beginning of each half-year period to maturity, at original maturity value prior to June 1, 1959 revision,
t Revised approximate investment yield from effective date of revision to maturity.
1 6-month period in the case of the 8J3 year to 8 year and 11 month period.




4. 92

TABLE 41
B O N D S B E A R IN G ISSU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1958
Issue price
. _
Original maturity value.

$18. 75
25. 00

$75. 00
100. 00

$150. 00
200. 00

$ 3 7 5 .0 0
500. 00

$ 7 5 0 .0 0

1, 000. 00

$7, 500
10, 000

(1) Redemption values during each half-year period i (values
increase on first day of period shown)

Period after issue date

First Y.i year_____________
)4 to 1 year
1 to 1)4 years.

$37. 50
50. 00

$18. 75
18. 90
19. 18

$37. 50
37. 80
38. 36

$75. 00
75. 60
76. 72

$150. 00
151. 20
153. 44

$375. 00
378. 00
383. 60

$750. 00
756. 00
767. 20

Approximat investment
yie Id*
(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear
period1

(3) On cur­
rent redemp­
tion value
from begin­
ning of each
half-year
period1
to maturity

Percent

Percent

$7, 500
7, 560
7, 672

0. 00

796
932
072

2. 60
2. 82
2. 96

372
532
696
864
036
212
400
588
784
984

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

188

3. 64

10, 396

3. 70

1. 60

2. 28

|3. 25
f 3. 35
J3. 88

Redemption values and investment yields to maturity on basis of June 1, 1959,

1)4 to 2 years. .
2 to 2)4 years___

_ .

2)4 to 3 years. .
3 to 3)4 years____
3)4 to 4 years. _______
4 to 4)4 y e a r s .________
4)4 to 5 years.
5 to 5)4 years _
5)4 to 6 years.
6 to 6)2 years
6)4 to 7 years
------7 to 7)4 years
---------7)4 to 8 years.
__ —
8 to 8)4 years------------------8)4 years to 8 years and
11 months
__ _ _
M A T U R IT Y VALUE (8
years and 11 months
from issue date)____

$19.
19.
20.
20.
20.
21.
21.
22.
22.
23.
23.
23.
24.
24.

49
83
18
55
93
33
74
16
59
03
50
97
46
96

$38.
39.
40.
41.
41.
42.
43.
44.
45.
46.
47.
47.
48.
49.

98

96
32
72

48
32
18
06
00
94
92
92

$77.
79.
80.
82.
83.
85.
86.
88.
90.
92.
94.
95.
97.
99.

25. 47

50. 94

101.

88

25. 99

51. 98

103. 96

66
36

10
86
66

20
72
32
96
64
36
12
00

88

84
84

$155.
158.
161.
164.
167.
170.
173.
177.
180.
184.
188.
191.
195.
199.

92
64
44
40
44
64
92
28
72
24

80
60
60
00
60
60
80
20
80
60
00
40
20
20

$779.
793.
807.
822.
837.
853.
869.
886.
903.
921.
940.
958.
978.
998.

20
20
60
40
60
20
00
80
40
40

$7,
7,
8,
8.
8,
8,
8.
8.
9,
9,
9.
9,
9,
9.

203. 76

509. 40

1, 018.

80

10,

207. 92

519. 80

1, 039. 60

00
76

68
68

$389.
396.
403.
411.
418.
426.
434.
443.
451.
460.
470.
479.
489.
499.

60
20
20

00

220

08
17
25
32
37
42
46
50
54
58
61

•Calculated on basis of $1,000 bond (face value).
t Approximate investment yield from beginning of each half-year period to maturity, at original maturity value prior to June 1,1959, revision.
%Revised approximate investment yield from effective date of revision to maturity,
i 5-month period in the case of the 8 ^ year to 8 year and 11 month period.




3.
3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.

92
95
98

01

04
06
08

11

15
19
2!
27
33
46

4. 91

48
TABLE 42
B O N D S B E A R IN G IS SU E D A T E S F R O M

Issu e price
Original maturity valu e-

$18. 75
25. 00

$ 7 5 .0 0
100. 00

$ 1 5 0 .0 0
200. 00

$375. 00
500. 00

$ 7 5 0 .0 0
1, 000. 00

$7, 500
10, 000

(1) Redemption values during each half-year period* (values
increase on first day of period shown)

period after issue date

First Yz year______________
Yt to 1 year___________ -

$37. 50
50. 00

D E C E M B E R 1, 1958, T H R O U G H M A Y 1, 1959

$18. 75
18. 90

$37. 50
37. 80

$75. 00
75. 60

$150. 00
151. 20

$375. 00
378. 00

$750. 00
756. 00

$7, 500
7, 560

Approximate investment
yield*
(2) On pur­
chase price
from issue
date to be­
ginning of
each halfyear
period1

(3) On cur­
rent redemp­
tion value
from begin­
ning of each
half-year
period1
to maturity

Percent

Percent

0. 00
1. 60

f3. 25
*3. 85

Redemption values and investment yields to maturity on basis of June 1,1959, revision

1 to 1}i years_
1 Yi to 2 years 2 to 2>2 years
- -2 Yi to 3 years
3 to 3}i years
________
3 Y to 4 y e a r s . ___
4 to 4Yi years ____ —
4 Yi to 5 years
___ —
5 to 5Yi years . _ --------5 Yi to 6 years .
__ __
6 to 6 Y years. _ ----------6Yi to 7 years
.
—
7 to 7 >2 years
-----7Yi to 8 years. .
8 to 8 Y years____________
8 Y years to 8 years and
11 m onths.
._ M A T U R IT Y VALUE
(8 years and 11
months from issue
date) .

$19.
19.
19.
20.
20.
20.
21.
21.
22.
22.
23.
23.
24.
24.
25.

19
50
84
20
58
96
36
77
20
64
08
55
02
52
02

$38.
39.
39.
40.
41.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.

38
00
68
40
16
92
72
54
40
28
16
10
04
04
04

$76.
78.
79.
80.
82.
83.
85.
87.
88.
90.
92.
94.
96.
98.
100.

76
00
36
80
32
84
44
08
80
56
32
20
08
08
08

$153.
156.
158.
161.
164.
167.
170.
174.
177.
181.
184.
188.
192.
196.
200.

52
00
72
60
64
68
88
16
60
12
64
40
16
16
16

$383.
390.
396.
404.
411.
419.
427.
435.
444.
452.
461.
471.
480.
490.
500.

80
00
80
00
60
20
20
40
00
80
60
00
40
40
40

$767.
780.
793.
808.
823.
838.
854.
870.
888.
905.
923.
942.
960.
980.
1, 000.

60
00
60
00
20
40
40
80
00
60
20
00
80
80
80

$7,
7,
7,
8,
8,
8,
8,
8,
8,
9,
9,
9,
9,
9,
10,

676
800
936
080
232
384
544
708
880
056
232
420
608
808
008

2.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

33
63
85
00
13
21
28
35
41
46
49
54
57
61
64

25. 54

51. 08

102. 16

204. 32

510. 80

1, 021. 60

10, 216

3. 67

26. 06

52. 12

104. 24

208. 48

521. 20

1, 042. 40

10, 424

3. 73

•Calculated on basis of $1,000 bond (face value).
tApproximate investment yield from beginning of each half-year period to maturity, at original maturity value prior to June 1,1959, revision.
tRevised approximate investment yield from effective date of revision to maturity.
•5-month period in the case of the 8J.£ year to 8 year and 11 month period.




U . S . G O V E R N M E N T P R IN T IN G O F F > C E :* 9 « 5

3.
3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.

90
95
98
01
03
06
09
11
14
16
21
23
30
35
49

4. 90

OFFERING OF UNITED STATES SAVINGS BONDS
SERIES H
Department

No.

Third Revision

*

TREASU RY D EPARTM EN T,
Washington, December 23, 1964•

Fiscal Service
Bureau o f the Public Debt

TABLE OF CONTENTS
Sec.
332.1
332.2

332.3
332.4

332.5

Sec.
332.6

O F F E R IN G OF B O N D S .
D E S C R IP T IO N
OF
BONDS
C U R R E N TLY
O F FER ED .
(a) G E N E R A L .
( b ) D E N O M IN A T IO N S A N D PRIC ES.
(c ) IN S C R IP T IO N A N D IS SU E .
(d ) T E R M S .
(e ) IN T E R E S T (IN V E S T M E N T YIE L D ).
G O V E R N IN G R E G U L A T IO N S .
R E G IS T R A T IO N .
(a) G E N E R A L .
( b ) N A T U R A L P E R S O N S IN T H E IR O W N
R IG H T .
(c ) O T H E R S .
(1) F ID U C IA R IE S.
(2) P R IV A TE A N D PUBLIC O R G A N IZ A ­
T IO N S .
L IM IT A T IO N S ON H O L D IN G S .
(a) G E N E R A L L IM IT A T IO N .
( b ) SPECIAL L IM IT A T IO N FO R O W N E R S OF
S A V IN G S B O N D S OF SE R IES F, G , J,
AND K.
(c) E X C H A N G E S P U R SU A N T TO D E P A R T ­
MENT
CIRCU LAR
NO.
1036,
AS
AM ENDED.

P U R C H A SE OF B O N D S .
(a ) A G E N T S .
( b ) A P P L IC A T IO N
FO R
P U R C H A SE
AND
R E M IT T A N C E .
332.7
D E L IV E R Y OF B O N D S .
332.8
IM P R O V E D YIE L D A N D E X T E N S IO N OF
T E R M F O R O U T S T A N D IN G B O N D S .
(a ) IM P R O V E D YIEL D T O M A T U R IT Y FO R
O U T S T A N D IN G B O N D S W IT H IS SU E
D A T E S OF JUNE 1, 1952, T H R O U G H
M A Y 1, 1959.
(b ) EXTENDED
M A T U R IT Y P E R IO D FO R
B O N D S W IT H IS SU E D A T E S OF JUNE
1, 1952, T H R O U G H JA N U A R Y 1, 1957.
332.9
T A X A T IO N .
332.10 P A Y M E N T O R R E D E M P T IO N .
(a ) P R IO R T O M A T U R IT Y .
( b ) AT M A T U R IT Y .
(c ) D U R IN G
EXTENDED
M A T U R IT Y
P E R IO D .
332.11
R E S E R V A T IO N AS T O IS SU E OF B O N D S .
332.12 P R E S E R V A T IO N OF R IG H T S .
332.13 FISCAL A G E N T S .
332.14
R E S E R V A T IO N AS T O T E R M S OF O FFER .
TA B LE S OF C H E C K S IS S U E D A N D IN V E S T M E N T
Y IE L D S .

Departm ent Circular N o. 905, Second Revision, dated September 23, 1959, as amended (31 C F R
332), is hereby further amended and issued as the Third Revision.1
A U T H O R IT Y : Secs. 332.1 to 332.14 issued under authority of sections 22 and 25 of the Second
Liberty Bond Act, as amended, 49 Stat. 21, as amended, and 73 Stat. 621 (31 U.S.C. 757c, 7 5 7 c -l).
Sec. 332.1. Offering of bonds.— The Secretary
of the Treasury offers for sale to the people of the
United States, United States Savings Bonds of
Series H, hereinafter generally referred to as
Series H bonds. These bonds are substantially a
continuation of the Series H bonds heretofore
available. This offering of bonds will continue
until terminated by the Secretary of the Treasury.
Sec. 332.2. Description of bonds currently of­
fered.— (a) General.— Series H bonds bear a fac­
simile of the signature of the Secretary of the
Treasury and of the Seal of the Treasury D epart­
ment. The bonds are issued only in registered
form and are nontransferable.
(b) Denominations and prices.— Series H bonds
are issued at par and are available in denomina­
tions of $500, $1,000, $5,000, and $10,000.
(c) Inscription and issue.— A t the time of issue
the issuing agent will (1) inscribe on the face of
each Series H bond the name, taxpayer identifying
number,2 and address of the owner, and the name
of the beneficiary, if any, or the names of the
coowners, the taxpayer identifying number of one
coowner,2 and the address of one coowner, (2) enter

in the upper right-hand portion of the bond the
issue date, and (3) imprint the agent’s dating
stamp in the lower right-hand portion to show the
date the bond is actually inscribed. A Series H
bond shall be valid only if an authorized issuing
agent receives payment therefor and duly inscribes,
dates, stamps, and makes delivery of the bond in
accordance with the purchaser’ s instructions.
(d)
Terms.— A Series H bond will be dated as
of the first day of the month in which paym ent
therefor is received by an agent authorized to issue
such bonds. This date is the issue date and the
bond will mature and be payable ten years from
such issue date. The bond may not be called for
redemption by the Secretary of the Treasury prior
to maturity, but m ay be redeemed A T P A R
after six months from issue date, at the owner’s
1 The basic terms of the bonds offered tinder the Second Revision have not
been changed. The material in the Second Revision and its four amendments
has been reorganized and edited in connection with the publication of the
1965 edition of Title 31 of the Code of Federal Regulations.
2 The number required to be used on tax returns and other documents
submitted to the Internal Revenue Service (an individual’s social security
account number or employer identification number). If the coowners are
husband and wife, the husband’s number should be furnished. If the co­
owners are a minor and an adult, the adult’s number should be furnished.

(1 )
759—4585— Co




option, but only upon one calendar m onth’s notice
as provided in Sec. 332.10.
(e)
Interest {investment yield).— The interest on
a Series H bond will be paid semiannually by
check drawn to the order of the registered owner
or coowners, beginning six months from issue
date. Interest paym ents will be on a graduated
scale, fixed to afford an investment yield of
approxim ately 3.75 percent per annum, com ­
pounded semiannually if the bond is held to
maturity; 3 but the yield will be less if the bond is
redeemed prior to m aturity. (See Table 1 of the
tables at the end o f this circular, which are
incorporated herein.) Interest will cease at maturit 3r, or in the case of redemption before m aturity,
at the end of the interest period next preceding the
date of redemption, except that if the date of
redem ption falls on an interest paym ent date,
interest will cease on that date.
Sec. 332.3. Governing regulations.— Series H
bonds are subject to the regulations of the Treas­
ury Departm ent, now or hereafter prescribed,
governing United States Savings Bonds, contained
in Departm ent Circular No. 530, current revision
(31 C F R 315).4
Sec. 332.4. Registration.— (a) General.— Gen­
erally, only residents of the United States, its
territories and possessions, the Commonwealth of
Puerto R ico, the Canal Zone and citizens of the
United States temporarily residing abroad are
eligible to be named as owners of Series H bonds.
The bonds may be registered in the names of
natural persons in their own right as provided in
(b) of this section, and in the names and titles
or capacities of fiduciaries and organizations as
provided in (c) of this section. Full information
regarding authorized forms of registration and
restrictions with respect thereto will be found in
the governing regulations.
(b) Natural persons in their own right.— The
bonds m ay be registered in the names of natural
persons (whether adults or minors) in their own
right, in single ownership, coownership, and bene­
ficiary forms.
(c) Others.— The bonds may be registered in
single ownership form in the names of fiduciaries
and private and public organizations, as follows:
(1) Fiduciaries.— In the names of and
showing the titles or capacities of any persons
or organizations, public or private, as fidu­
ciaries (including trustees, legal guardians or
similar representatives, and certain custo­
dians) but not wliere the fiduciary would
hold the bonds merely or principally as
security for the performance of a duty,
obligation, or service.
(2) Private and public organizations.— In
the names of private or public organizations
(including private corporations, partnerships,
and unincorporated associations, and States,
counties, public corporations, and other
public bodies), in their own right, but not in
the names of commercial banks.5




Sec. 332.5. Limitations on holdings.— The
amount of Series H bonds originally issued during
any one calendar year that m ay be held by any
one person at any one time, com puted in accord­
ance writh the governing regulations, is limited,
as follows:
(a) General limitation.— $20,000 (face value) for
the calendar year 1962 and each calendar year
thereafter.
(b) Special limitation jo r owners o j savings
bonds o j Series F, G, J , and K .— Owners, except
commercial b a n k s5 in their own right (as dis­
tinguished from a representative or fiduciary
capacity), of outstanding bonds of Series F and G,
all of which are now matured, and bonds of Series
J and K , at or after maturity, m ay apply the
proceeds of such bonds to the purchase of Series
H bonds without regard to the general limitation
on holdings, under the following restrictions and
conditions:
(1) The bonds must be presented to a
Federal Reserve Bank or Branch, the Office
of the Treasurer of the United States, Se­
curities Division, or the Bureau of the Public
Debt, Division of Loans and Currency
Branch, for the specific purpose of taking
advantage of this privilege. The Series H
bonds will be dated as of the first day of
the month in winch the bonds presented
are received by the issuing agent.
(2) Series H bonds may be purchased with
the proceeds of the bonds presented only up
to the denominational amounts that the
proceeds thereof will fully cover. Any differ­
ence between such proceeds and the purchase
price of the Series H bonds w'ill be paid to the
owner.
(3) The Series H bonds will be registered
in the name of the owrner in any authorized
form of registration subject to the restrictions
prescribed by the governing regulations.
(4) This privilege will continue until ter­
minated by the Secretary of the Treasury.
(c) Exchanges pursuant to Department Circular
No. 1086, as amended.—Series H bonds issued in
exchange for bonds of Series E, Series F, or Series
J under the provisions of Department Circular
No. 1036, as amended (31 C F R 339), are exempt
from the annual limitation.
Sec. 332.6. Purchase oj bonds.—'(a) Agents.—
Only the Federal Reserve Banks and Branches
and the Treasury Department are authorized to
act as official issuing agents for the sale of Series
H bonds. However, commercial banks and trust
companies may forward applications for purchase
of the bonds. The date of receipt of the applicas Under authority of Section 25, 73 Stat. 621 (31 U.S.C. 757c-l), the Presi­
dent of the United States on September 22, 1959, concluded that with respect
to Series H bonds it was necessary in the national interest to exceed the
maximum interest rate and investment yield prescribed by Section 22 of
the Second Liberty Bond Act, as amended (31 U.S.C. 757c).
4 Copies may be obtained on application to any Federal Reserve Bank or
Branch or the Bureau of the Public Debt. Washington, D.C., 20220, or
its Chicago Office, 536 South Clark Street, Chicago, 111., 60605.
4 Commercial banks, as defined in Section 315.7(d)(2) of Department Cir­
cular No. 530, current revision, the governing regulations, for this purpose
are those accepting demand deposits.

3
tion and paym ent to an issuing agent will govern
the issue date of the bonds purchased.
(b) Application fo r purchase and remittance.—
The applicant for purchase of Series H bonds
should furnish (1) instructions for registration of
the bonds to be issued, which must be in an
authorized form, (2) the appropriate taxpayer
identifying number or numbers,2 (3) the post
office address of the owner or a coowner (preferably
the first-named), (4) the address for delivery of
the bonds, and (5) the address for mailing checks
in paym ent o f interest. The application should
be forwarded to a Federal Reserve Bank or Branch
or the Office of the Treasurer of the United States,
Securities Division, Washington, D .C ., 20220,
accompanied by a remittance to cover the purchase
price. A ny form of exchange including personal
checks will be accepted subject to collection.
Checks or other forms of exchange should be
drawn to the order of the Federal Reserve Bank
or Treasurer of the United States, as the case may
be. Checks payable by endorsement are not
acceptable. A ny depositary qualified pursuant to
Treasury Departm ent Circular No. 92, current
revision (31 C F R 203), will be permitted to make
payment by credit for bonds applied for on behalf
of its customers up to any amount for which it
shall be qualified in excess of existing deposits,
when so notified by the Federal Reserve Bank of
its district.
Sec. 332.7. Delivery of bonds.— Authorized
issuing agents will deliver the Series H bonds
either in person, or by mail at the risk and expense
of the United States, at the address given by the
purchaser, but only within the United States, its
territories and possessions, the Commonwealth
of Puerto Rico, and the Canal Zone. No mail
deliveries elsewhere will be made. If purchased
by citizens of the United States temporarily
residing abroad, the bonds will be delivered at
such address in the United States as the purchaser
directs.
Sec. 332.8. Improved yield and extension of term
for outstanding bonds.— (a) Improved yield to
maturity fo r outstanding bonds with issue dates of
June 1, 1952, through M ay 1, 1959.— The invest­
ment yields on all outstanding Series H bonds
with issue dates prior to June 1, 1959, were
increased, beginning on and after June 1, 1959,
as described below, for the remaining period to
maturity, by not less than one-half of one percent,
and by lesser amounts if redeemed earlier.6 The
resulting yields are in terms of rate percent per
annum, com pounded semiannually. See Tables 2
through 16 for current schedules of interest
payments and investment yields. This increase
became effective beginning with interest payments
due Decem ber 1, 1959, for bonds with the issue
month of June or Decem ber of any year prior to
1959, and for all other bonds on the next interest
payment date after Decem ber 1, 1959.
(b)
Extended maturity period fo r bonds with
issue dates o f June 1, 1952, through January 1,



1957.— Owners of Series H bonds with these issue
dates have the option of continuing to hold such
bonds for an extended maturity period of ten
years with an investment yield of approximately
3.75 percent payable semiannually. Bonds held
after maturity will earn further interest which
will accrue and be paid semiannually by check
drawn to the order of the owner or coowners
beginning six months from the original m aturity
dates. Interest payments will be made in the
amounts shown in Tables 2 through 11.
Sec. 332.9. Taxation.— The income derived
from Series II bonds is subject to all taxes im­
posed under the Internal Revenue Code of 1954.
The bonds are subject to estate, inheritance, gift,
or other excise taxes, whether Federal or State,
but are exempt from all taxation now or hereafter
imposed on the principal or interest thereof by
any State, by any of the possessions of the United
States, or by any local taxing authority.
Sec. 332.10. Payment or redemption.— {a) Prior
to maturity.— Prior to maturity a Series H bond
will be redeemed A T P A R , in whole or in part,
in the amount of an authorized denomination or
multiple thereof, at the option of the owner, after
six months from the issue date upon one calendar
m onth’s notice to (1) a Federal Reserve Bank or
Branch, (2) the Office of the Treasurer of the
United States, Securities Division, Washington,
D .C ., 20220, or (3) the Bureau of the Public D ebt,
Division of Loans and Currency Branch, 536
South Clark Street, Chicago, 111., 60605. Such
notice may be given separately, in writing, or by
presenting and surrendering the bond with a duly
executed request for payment. If notice is given
separately, the bond must be presented w^ith a
duly executed request for payment to the same
agent not less than twenty days before the re­
demption date fixed by the notice. Paym ent will
be made as of the first day of the first month
following by at least one full calendar month the
date of the receipt of notice.
(b) A t maturity.— Upon m aturity a Series H
bond will be redeemed at par upon presentation
of the bond with a duly executed request for pay­
ment to one of the agents designated in (a) of
this section. A ny Series H bond having an ex­
tended m aturity period will be redeemed at par
upon original maturity and for two calendar
months following the month in which the bond
originally matures without advance notice.7
(c) During extended maturity period.— A Series
H bond having an extended maturity period will,
beginning with the first day of the third calendar
month following the calendar month in which the
bond originally matures, be regarded as unmatured
until it reaches its final maturity date and m ay
be redeemed in the same manner and subject to
« The investment yield to maturity heretofore proscribed for the bonds
referred to in Section 332.8(a) were (according to issue dates), as follows:
June 1, 1952, through January 1, 1957......................... ................ 3. 00
February 1, 1957, through May 1, 1959....... .................. .............. 3.25
percent per annum compounded semiannually.
’ For example, if a bond is dated June 1, 1955, the date of original maturity
is February 1, 1965. The date on which the right to payment without ad­
vance notice will be suspended is May 1, 1965.

4
the same notice for redemption as provided in (a)
of this section.
Sec. 332.11. Reservation as to issue of bonds.—
The Secretary of the Treasury reserves the right
to reject any application for Series H bonds, in
whole or in part, and to refuse to issue or permit
to be issued hereunder any such bonds in any
case or any class or classes of cases if he deems
such action to be in the public interest, and his
action in any such respect shall be final.
Sec. 332.12. Preservation oj rights.— Nothing
contained herein shall limit or restrict rights
which owners of Series H bonds heretofore issued
have acquired under offers previously in force.

Sec. 332.13. Fiscal agents.— Federal Reserve
Banks and Branches, as fiscal agents of the United
States, are authorized to perform such services as
may be requested of them by the Secretary of the
Treasury in connection with the issue, delivery,
redemption and payment of Series H bonds.
Sec. 332.14. Reservation as to terms of ofier.—
The Secretary of the Treasury m ay at any time
or from time to time supplement or amend the
terms of this offering of bonds (31 C F R 332), or
of any amendments or supplements thereto.
J O H N K. C A R L O C K ,
Fiscal Assistant Secretary o j the Treasury.

TA B LE S OF C H E C K S IS SU E D A N D IN V E S T M E N T Y IE L D S
FO R U N IT E D ST A T E S S A V IN G S B O N D S OF SE R IE S H
Each table shows: (1) Amounts of interest checks paid on United States Savings Bonds of Series H bearing issue
dates covered by the table, by denominations, on each interest payment date (a) following the date of issue for bonds
bearing issue dates beginning December 1, 1954; (b) following original maturity date for bonds bearing issue dates of
June 1, 1952, through November 1, 1954 (for the latest revised amounts of interest checks and investment yields during
the original maturity period not shown in these tables, see Department Circular 905, Second Revision, dated September 23,
19 59 ); (2) the approximate investment yield on the face value from issue date to each interest payment date; and
(3) the approximate investment yield on the face value from each interest payment date to maturity. Yields are ex­
pressed in terms of rate percent per annum, compounded semiannually.

TABLE 1
B O N D S B E A R IN G ISSU E D A T E S , B E G IN N IN G JUNE 1, 1959
Tissue Price
Face Value] R edem ption1 and
V a lu e_______

5 Y vears
G% years
7 years
7% years
8 years
8/2 years

__

_

............

-________
_ __
. .
... . ____
___ -____
- - - _____

-

_ ____________
- - ___ - _____ - - ___
-

--

-

- -

_

9 Y years

-

$1, 000

$5, 000

$10, 000

500

1, 000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

Period of time bond is held after issue date

Y year. _
1 vear 1Yi years
2 years
_
2/4 years
3 years ..
3)4 years
- _
4 vears
_
4 Yi years
______

$500
Maturity

-

- -

$4. 00
7. 25
8. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00
10. 00

$ 8. 00
14. 50
16. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00
20. 00

$40. 00
72. 50
80. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00

fCaleulated on the basis of $1,000 bond.
i At all times, except that bond is not redeemable during first 6 months.
3 Approximate investment yield for entire period from issuance to maturity is 3.75 percent per annum.




$80. 00
145. 00
160. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00
200. 00

Approximate Investment Yield on
Face Valuet
(3) From each
(2) From issue
date to each in­ interest payment
terest payment
date to
date
maturity 3
Percent

Percent

1.

2.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

60
25
56
91
12
26
36
44
49
54
58
61
64

66
68
70
71
72
74
75

3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.

88
95
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

5
TABLE 2
B O N D S B E A R IN G IS SU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1952
[Issue Price. _ __
Face Valuel Redem ption1 and
Maturity
[ Value_______________ __
Period of time bond is held after maturity date

Yi y ea r. -------------------------- ----------------- ------------1 year _______ __
___________ ___________
1 y2 years _ _ . _ _ ________ ___________ ______
2 y e a r s ___ ______________________ _______ __
.
2 l/ 2 y e a r s . . _____ .
_________ _____
_____
3 y e a r s ________________ __ _ _ ______
3y2 y e a r s __________ _________ _______ _______
4 y e a r s ____ __________________
________ _____
4 y2 y e a r s .. _ ________________
__ _ _ ______
5 y e a r s ___ ______ __ ______ ______ _____
_ . _
5/1 years------------------------------- ---. . __ ._
6 years ________ _______ ______
_ _.
__ . .
6 y2 years . . . ____ _
___
._
____ __
7 y e a r s ________
__
________ _ __
7 y2 years __ _____________ __ ____________
8 years _ ______________ ___________ _______
8 Y> years_ ____
_ _ ____ _ _______ _ __
9 years _ _ _ _ _ _ _
_ ____ _ _
___
9 1/ 2 years
___
_ _
______
10 years (extended maturity)2 _ ________

$500

$1, 000

$5, 000

$10, 000

500

1 ,0 0 0

5, 000

10, 000

(1) Amounts of interest checks for each denomination

Approximate Investment Yield on
Face Valuef
(2) From issue
(3) From each
date to each in­ Interest payment
terest payment date to extended
date
maturity*
Percent

$9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

37
37
37
37
37
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38

$18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.

50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

15
17
19
21
23
25
26
27
29
30
31
32
33
34
35
36
36
37
38
39

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

tCalculated on the basis of $1,000 bond.
•Approximate investment yield for the full 10-year extension is 3.75 percent per annum.
1At all times, except that bond is not redeemable during first 6 months.
8 19 years—8 months from issue date.

TABLE 3
B O N D S B E A R IN G ISSU E D A TE S F R O M D E C E M B E R 1, 1952, T H R O U G H M A Y 1, 1953
[Issue Price
Face Valuer Redemption1
[ Value

and
Maturity
______

Period of time bond is held after maturity date

Vi. y e a r .----------- --------------------------1 year___________________________
V/i years________________________
2 y ea rs.......................... .....................
years________________________
3 years__________________________
3 x/2 years.............. .......................... ..
4 years__________________________
4 Vi years________________________
5 years__________________________
5}£ years________________________
6 years____________ _______ ______
(iy2 years___________________ _____
7 years__________________________
7 y2 years________________________
8 years__________________________
8 ^ years________________________
9 years__________________________
9 Hi years________________________
10 years (extended maturity) 2

$500

$1, 000

$ 5 ,0 0 0

$10, 000

500

1, 000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

$9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

37
37
37
37
37
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38

$18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

tCalculated on the basis of $1,000 bond.
‘ Approximate investment yield for the full 10-year extension is 3.75 percent per annum.
'A t all times, except that bond is not redeemable during first 6 months.
»19 years—8 months from issue date.




$93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

Approximate Investment Yield on
Face Valuet
(2) From issue
(3) From each
date to each in­ interest payment
terest payment date to extended
date
maturity*
Percent

$187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.

50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

17
19
21
23
25
26
28
29
30
32
33
34
35
36
36
37
38
39
39
40

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

6
TABLE 4
B O N D S B E A R IN G IS SU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1953

[Issue P r ice . _
Face Value] R ed em p tion 1 and
Maturity
[ Value
__ . . .
Period of time bond is held after maturity date

$500

$1, 000

$5, 000

$10,000

500

1, 000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

Approximate Inv estment Yield on
Face 7aluef
(2) From issue
(3) From each
date to each in­ interest payment
terest payment date to extended
date
maturity*
Percent

Yi year ---------- _ _ .
--------------------------- _
1 year . ___ _
_____
_ _ _ ________
134 years ____
_ _ —
________ __
2 years_________ _ __
_ _ _
___ _________
2 Yi years
_
_ _
____ __
3 years _ _
______ _____
years _
_
_ _____ __
4 vears _ _ _ _
_
_ _ _ ------4)4 years. _
.
__ _
5 years __
_
5)4 y e a r s .. _ .
6 v e a r s -------------------------. . .
634 vears _
_
7 years _ _
______
___
7/4 years..
____ __
... —
_
8 vears __
____ __
___
. . .
8 H years _______ __
9 years _ _ _ _ _ _
_
.
934 years .............................
___
10 years (extended maturity) 2 _______ ____

$9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

37
37
37
37
37
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38

$18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.

50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

19
21
23
25
27
28
30
31
32
33
34
35
36
37
38
39
39
40
41
41

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

■(■Calculated on the basis of $1,000 bond.
♦Approximate investment yield for the full 10-year extension is 3.75 percent per annum.
1At all times, except that bond is not redeemable during first 6 months.
3 19 years—8 months from issue date.

TABLE 5
B O N D S B E A R IN G ISSUE D A TE S F R O M D E C E M B E R 1, 1953, T H R O U G H M A Y 1, 1954
[Issue Price
Face Value R ed em p tion 1
Value

and

$500

$1, 000

$5, 000

$10, 000

500

1,000

5, 000

10, 000

Maturity

Period of time bond is held after maturity date

(1) Amounts of interest checks for each denomination

Approximate Investment Yield on
Face Valuet
(2) From issue
(3) From each
date to each in­ interest payment
terest payment date to extended
date
maturity^
Percent

34 year
1 year

_

___________
_ _
_______
_ _ _ _
_ _ __ _
_ __

____
________ _
_________ _______
. _ _______ _____
_ _

134 years
2 years
234 years
3 years
334 years
4 years
years
_
.
5 years
534 years
___
6 years
GY vears
_ __
7 years
_ .
734 years
_
8 years
___
_
.
___
8 y> years
_ _ _
_
____ ______
____
9 years
_
_ _ _ _
____________ _
934 years
_ __
__
_____________ .
10 years (extended maturity) 2_______
_ _

434

$9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

37
37
37
37
37
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38

$18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

fCalculated on the basis of $1,000 bond.
♦Approximate investment yield for the full 10-year extension is 3.75 percent per annum.
1At all times, except that bond is not redeemable during first 6 months,
a 19 years—8 months from issue date.




$93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.

50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

Percent

22
24
26
27
29
30
32
33
34
35
36
37
38
39
39
40
41
42
42
43

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

7

TABLE 6
B O N D S B E A R IN G ISSU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1954

[Issue P rice____
___
_____
Face Value] R ed em ption 1 and
Maturity
{ V alue_________________________
Period of time bond Is held after issue date

$500

$1, 000

$5, 000

$10, 000

500

1,000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

Approximate Investment Yield on
Face Value f
(2) From issue
date to each in­
terest payment
date
Percent

Vt year_____
1 year ____
iy 2 years
2 y e a r s ___
2 # years
3 years _
3)4 years__
4 y e a r s ___
4/2 years
5)4 years
6)4 years
7 years
7)4 years
8 years
years
9 years - _
9V> v e a r s
10 v e a r s ("extended maturity) 2

$9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

37
37
37
37
37
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38

$18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

fCalculated on the basis of $1,000 bond.
♦Approximate investment yield for the full 10-year extension is 3.75 percent per annum.
1At all times, except that bond is not redeemable during first 6 months.
8 19 years—8 months from issue date.




$93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.

50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

24
26
28
30
31
32
34
35
36
37
38
39
40
40
41
42
43
43
44
44

(3) From each
interest payment
date to extended
maturity*

Percent
3.
3
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

8

TABLE 7
B O N D S B E A R IN G ISSU E D A T E S F R O M D E C E M B E R 1, 1954, T H R O U G H M A Y 1, 1955

(Issue Price
_______ ________
Face Value] R edem ption 1 and
Maturity
[ Value
_ ________
______

1}4 years
2 years

_ _ _ _ _ _ _
_
___________ __

3 years
4 years
4J
/4 years

___ __
__
____

_

. . .
___

_____

_
______
___ ___________

$1, 000

$5, 000

$10, 000

500

1,000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

Period of time bond is held after issue date

Yi year

$500

___
-- -

$2.
6.
6.
6.
6.
6.
6.
6.
8.

00
25
25
25
25
25
25
25
50

$4.
12.
12.
12.
12.
12.
12.
12.
17.

00
50
50
50
50
50
50
50
00

$20.
62.
62.
62.
62.
62.
62.
62.
85.

00
50
50
50
50
50
50
50
00

$40.
125.
125.
125.
125.
125.
125.
125.
170.

Approximate Investment Yield
on Face Value f
(2) From issue
date to each
interest pay­
ment date

(3) From each
interest pay­
ment date (a)
to maturity*

Percent

Percent

00
00
00
00
00
00
00
00
00

0.
1.
1.
2.
2.
2.
2.
2.
2.

80
65
93
07
15
21
25
28
40

*3.
*3.
*3.
*3.
*3.
*3.
*3.
*3.
J4.

13
18
22
27
34
41
49
58
10

2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.

50
59
66
74
81
87
94
01
06
11
24

4.
4.
4.
4.
4.
4
4.
5.
6.
12.

17
26
37
46
58
75
95
31
21
68

Amounts of interest checks and investment yields to maturity on basis of June 1,1959 revision

5 years
__________
__ _ _
_ __
5}4 years
_______ _
_ _ _
6 years. _ _______________ _________ _____
6)4 years
____ ___________________________
7 years
_
_ _____ _ _ _ _
7% years
_ _ _ _ _ _
_______
8 years
________ __
__
8/4 years
_______ _____
_ _- _______
9 vears _ _ _ ________ __ __ __
9/4 years
_ _ _ _ _ _ _
9 years and 8 months (maturity)

$8.
8.
8.
9.
9.
9.
10.
10.
10.
10.
10.

75
75
75
65
65
65
35
35
35
35
35

514 vears

________ ______ __
_ _ -- - -6 years
_ _ _ _ _ _
_ _ _ _
__ _ _
6/4 years
___ ___________
_ _
_______
7 years ________________ _____
_
___
7/4 vears
_ _
______
__________- 8 years
_ _ _ _________ _ _ __ _ - - vears
_
____
_
___
_-- 9V, vears

_

__

_

_ - ______

50
50
50
30
30
30
70
70
70
70
70

$87.
87.
87.
96.
96.
96.
103.
103.
103.
103.
103.

50
50
50
50
50
50
50
50
50
50
50

$175.
175.
175.
193.
193.
193.
207.
207.
207.
207.
207.

00
00
00
00
00
00
00
00
00
00
00

(b) to extended
maturity**

Extended maturity period

Period of time bond is held after maturity date

J4 year
_
_ _ _
_ _ _ _ _
1 vear _ _ _ _ _ _ _
1 Yi years
__
_______
_______
___
2 years
_ _
2Yi years
___ __ __
_ - ___ 3 years
- ____ _____
-- -- -- -- -

$17.
17.
17.
19.
19.
19.
20.
20.
20.
20.
20.

$9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

37
37
37
37
37
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38

$18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.

50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

26
28
30
32
33
34
35
37
38
39
40
40
41
42
43
43
44
44
45
46

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

tCalculated on the basis of $1,000 bond.
» ,
*
.
•Approximate investment yield on the basis of original (prior to June 1, 1959 revision) schedule of interest checks is: (1) 3.00 percent per annum for entire
period from issuance to maturity. (2) As shown for any period from each interest payment date to maturity.
JApproximate investment yield from effective date of the June 1,1959 revision to maturity.
••Approximate investment yield for the full 10-year extension is 3.75 percent per annum,
i At all times, except that bond is not redeemable during first 6 months.
319 years—8 months from issue date.




TABLE 8
B O N D S B E A R IN G ISSU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1955

flssu e P rice___ ________ _______
Face Valued Redem ption 1 and
Maturity
1 Value_________________________
Period of time bond is held after issue date

$1, 000

$5, 000

$10, 000

500

1, 000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

Y year_______ __

_ _ ___________ _______
1 year
_ _ _ ___ __
1 % years
_________ - ______ - - - 2 years
____________ ______
2% years
________ __
__
____ __
_ _ _
3 years _ _ _
____ 3 \<2 years _ _ _ _ _____
4 y e a r s __________________________________

$500

- -

$2.
6.
6.
6.
6.
6.
6.
6.

00
25
25
25
25
25
25
25

$4.
12.
12.
12.
12.
12.
12.
12.

00
50
50
50
50
50
50
50

$20.
62.
62.
62.
62.
62.
62.
62.

00
50
50
50
50
50
50
50

$40.
125.
125.
125.
125.
125.
125.
125.

Approximate Investment Yield
on Face Value t
(2) From issue
date to each
interest pay­
ment date

(3) From each
interest pay­
ment date (a)
to maturity*

Percent

Percent

00
00
00
00
00
00
00
00

0.
1.
1.
2.
2.
2.
2.
2.

80
65
93
07
15
21
25
28

*3.
*3.
*3.
*3.
*3.
*3.
*3.
t4.

13
18
22
27
31
41
49
09

2.
2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.

41
51
59
69
77
84
89
97
03
08
13
27

4.
4.
4.
4.
4.
4.
4.
5.
5.
6.
12.

15
23
32
39
49
63
82
02
38
30
87

Amounts of interest checks and investment yields to maturity on basis of June 1,1959 revision

4 % v e a r s -------------- ------------------- _
----------5 years.
_____________ _ —
5/4 years ______________
—
_
- 6 years
_____________ _______
____
6}4 y e a r s . - ____________________
7 y e a r s ____
_________
_
7 /i years
__________________ _
8 years _ ________ __________ _ ___
---------------- ----------- - - 8 % years..
9 years
________
__
___ 9)4 y ears-- -------------- ----------9 years and 8 months (maturity) _____

$8.
8.
8.
9.
9.
9.
9.
10.
10.
10.
10.
10.

75
75
75
55
55
55
55
50
50
50
50
50

Period of time bond is held after maturity date

M year- --------------------- --------- . - --------- __
1 year
_ _
_ _ _ _ _ _
iy2 y e a r s.. --------------------------------.
2 years
_ _ _____ __ _ ____________________
2]4 years -------------------- _ _ - . . -_ _ __
__________
_ _ _ _ _
3 years
3% years_ ______ _________
__
.......................
4 years _
________ ______
_______ _________
4 Yi years,
_____ __ _______ ________________ __
5 years
__ ______
_
_ ____________
5 Vi. years. ___________ _
________
6 years____ ________ 6 Yi years ____________ __
____
___
___
7 years- _ __
___ __
____
7 Yi years _ ________ ________
.
_______
8 years _______ ______
__
___
8 y2 y e a r s ..________ ________ __ ________
9 years _ _ ........ ............ _
_
____
9 14 years..
_ ________
10 years (extended maturity) 2
_.
_ __

$17.
17.
17.
19.
19.
19.
19.
21.
21.
21.
21.
21.

50
50
50
10
10
10
10
00
00
00
00
00

$87.
87.
87.
95.
95.
95.
95.
105.
105.
105.
105.
105.

50
50
50
50
50
50
50
00
00
00
00
00

$175.
175.
175.
191.
191.
191.
191.
210.
210.
210.
210.
210.

00
00
00
00
00
00
00
00
00
00
00
00

Extended maturity period

$9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

37
37
37
37
37
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38

$18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

(b) to extended
maturity**

$187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.

50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

29
31
32
34
35
37
38
39
40
41
41
42
43
44
44
45
46
46
47
47

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

fCalculated on the basis of $1,000 bond.
•Approximate investment yield on the basis of original (prior to June 1,1959 revision) schedule of interest checks is: (1) 3.00 percent per annum for entire
period from issuance to maturity. (2) As shown for any period from each interest payment date to maturity
tApproximate investment yield from effective date of the June 1,1959 revision to maturity.
••Approximate investment yield for the full 10-year extension is 3.75 percent per annum.
1 At all times, except that bond is not redeemable during first 6 months.
2 19 years—8 months from issue date.




10
TABLE 9
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1955, T H R O U G H M A Y 1, 1956

|Tssue Price
___
________ _
Face Value Redemption 1 and
Maturity
[ Value
_________
____ Period of time bond is held after issue date

J4 year
___ - - __________________
1 vear _ _ _ _
_
_ _____ __
______
1}4 years
_ _
_________
___
____ _______
- -2 vears
-2/2 years
-_
-_______ -- 3 years
3/2 years
_
- ___
___

$500

$1, 000

$5, 000

$10, 000

500

1,000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

$2.
6.
6.
6.
6.
6.
6.

00
25
25
25
25
25
25

$4.
12.
12.
12.
12.
12.
12.

00
50
50
50
50
50
50

$20.
62.
62.
62.
62.
62.
62.

00
50
50
50
50
50
50

$40.
125.
125.
125.
125.
125.
125.

'Approximate Investment Yield
on Face Value!
(2) From issue
date to each
Interest pay­
ment date

(3) From each
interest pay­
ment date (a)
to maturity*

Percent

Percent

00
00
00
00
00
00
00

0.
1.
1.
2.
2.
2.
2.

80
93
07
15
21
25

2.
2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.
3.

29
42
52
60
70
79
86
92
00
06
11
16
30

65

*3.
*3.
*3.
*3.
*3.
*3.
J3.

13
18
22
27
34
41
99

4.
4.
4.
4.
4.
4.
4.
4.
5.
5.
6.
12.

13
20
28
38
45
54
66
85
04
41
33
93

Amounts of interest checks and investment yields to maturity on basis of June 1,1959 revision

4 x\ years

_ __

5}4 years
-6 years _ _ _
6/4 years
_
7 years
7)4 years
_____
8 years
_ ____
________
8 ]4 years

-

- -

--

____________

_ _ _ ___ _____
_____
_ __
____
____ - __________
___
______
- _______
___

9 ’4 vears
_
__
_ _ _ _ _
__
9 vears and 8 months (maturity)_____________

$6.
8.
8.
8.
9.
9.
9.
9.
10.
10.
10.
10.
10.

50
75
75
75
80
80
80
80
55
55
55
55
55

1 year
134 years
2 years
2)4 years
3 years
3/4 years
4 years
4)4 years

614 vears

____

- _

_
_
________ __
_ _ _

_

___
___
- ____ _____ _______
--- - ___ __

_ -

10 years (extended maturity) 2

00
50
50
50
60
60
60
60
10
10
10
10
10

$65.
87.
87.
87.
98.
98.
98.
98.
105.
105.
105.
105.
105.

00
50
50
50
00
00
00
00
50
50
50
50
50

$130.
175.
175.
175.
196.
196.
196.
196.
211.
211.
211.
211.
211.

00
00
00
00
00
00
00
00
00
00
00
00
00

Extended maturity period

Period of time bond is held after maturity date

34 year

$13.
17.
17.
17.
19.
19.
19.
19.
21.
21.
21.
21.
21.

$9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

37
37
37
37
37
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38

$18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

(b) to extended
maturity**

$187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.

50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

32
34
35
36
38
39
40
41
42
43
43
44
45
46
46
47
47
48
48
49

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

tCalculated on the basis of $1,000 bond.
. ,
, ^
,
♦Approximate investment yield on the basis of original (prior to June 1, 1959 revision) schedule of interest checks is: (1) 3.00 percent per annum for entire
period from issuance to maturity. (2) As shown for any period from each interest payment date to maturity.
tApproximate investment yield from effective date of the June 1,1959 revision to maturity.
“ Approximate investment yield for the full 10-year extension is 3.75 percent per annum.
i At all times, except that bond is not redeemable during first 6 months.
219 years—8 months from issue date.




11
TABLE 10
B O N D S B E A R IN G ISSU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1956

---- "----------------------:—
[Issue P r i c e ________ _______
Face Value R ed em p tion 1 and
Maturity
[ Value ____________ ________ ___
Period of time bond is held after issue date

y2 year _____________ ___________________ _______
1 year________ _________ ____ ____________________
1)4 years________________________________________
2 years___________ ____ _____
.
-----2 Yi years___________ —
3 years ________ __
_ __ _

$500

$1, 000

$5, 000

$10, 000

500

1, 000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

$2.
6.
6.
6.
6.
6.

00
25
25
25
25
25

$4.
12.
12.
12.
12.
12.

00
50
50
50
50
50

$20.
62.
62.
62.
62.
62.

00
50
50
50
50
50

$40.
125.
125.
125.
125.
125.

"-----=a

Approximate Investment Yield
on Face Value f
(2) From issue
date to each
interest pay­
ment date

(3) From each
interest pay­
ment date (a)
to maturity*

Percent

Percent

00
00
00
00
00
00

0.
1.
1.
2.
2.
2.

80
65
93
07
15
21

*3.
*3.
*3.
*3.
*3.
J3.

13
18
22
27
34
91

2.
2.
2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.
3.

26
30
43
53
65
74
82
89
95
02
08
14
19
33

4.
4.
4.
4.
4.
4.
4.
4.
4.
5.
5.
6.
12.

03
17
24
33
38
45
55
68
87
07
44
36
99

Amounts of interest checks and investment yields to maturity on basis of June 1,1959 revision

_ ..........
...............
3 y2 years_____________ .
4 y e a r s _____________ __
______
- _
4)4 y e a r s .____________
5 years_________________
_ _
5 Yi years
________ ______
_
___
___. . .
_____
6 years __ _______
6)4 years__________ _ __
____
7 y e a r s __________________
_
_____
7)4 years
_____ _ _
_______
8 years ________ .
____ _______
_______
8)4 years
9 years_______________
- ___ _______
9)4 years__ ________
____
___ __
__
9 years and 8 months (maturity) . . . .

$6.
6.
8.
8.
9.
9.
9.
9.
9.
10.
10.
10.
10.
10.

50
50
75
75
75
75
75
75
75
60
60
60
60
60

Period of time bond is held after maturity date

)4 y e a r ., -------------------------. ______________
___ __
1 year.
_____ ____________
1)4 years.
.
__
_ _________
2 years. . _______ _ ________
2)4 years. _____________ _ _ _ _____________
3 y e a r s ________________
_____ _______
3)4 years
_____
__
.
_
___
4 years . _____________ . _ . _
4)4 y e a r s __________ _______
5 years____________ _
.
5)4 y e a r s ___________________
. ____
6 years
_________ _ __
. .
____
6)4 years___________________ __
. . . .
7 y e a r s ___________________
___
. _ _______
7)4 y e a r s _________ ________
_
___ __
8 y e a r s ____________ _ ________ _______
8)4 years. ___________
__ ____ ____________
9 vears_______________
____
9 Yi years
________ __ _ ________
. . .
10 years (extended maturity) 2 .
. . .

$13.
13.
17.
17.
19.
19.
19.
19.
19.
21.
21.
21.
21.
21.

00
00
50
50
50
50
50
50
50
20
20
20
20
20

$65.
65.
87.
87.
97.
97.
97.
97.
97.
106.
106.
106.
106.
106.

00
00
50
50
50
50
50
50
50
00
00
00
00
00

$130.
130.
175.
175.
195.
195.
195.
195.
195.
212.
212.
212.
212.
212.

00
00
00
00
00
00
00
00
00
00
00
00
00
00

Extended maturity period

$9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

37
37
37
37
37
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38

$18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

(b) to extended
maturity**

$187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.

50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

34
36
37
39
40
41
42
43
44
44
45
46
47
47
48
48
49
49
50
50

3.
3.
3.
3
3.
3.
3.
3.
3.
3.
3.
3.
3.
3
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

fCalculated on the basis of $1,000 bond.
‘ Approximate investment yield on the basis of original (prior to June 1, 1959 revision) schedule of interest checks is: (1) 3.00 percent per annum for entire
period from issuance to maturity. (2) As shown for any period from each interest payment date to maturity,
tApproximate investment yield from effective date of the June 1, 1959 revision to maturity.
•’ Approximate investment yield for the full 10-year extension is 3.75 percent per annum.
1 At all times, except that bond is not redeemable during first 6 months.
319 years—8 months from issue date.




12
TABLE 11
B O N D S B E A R IN G IS SU E D A T E S F R O M D E C E M B E R 1, 1956, T H R O U G H JAN U AR Y 1, 1957

[Issue P r i c e . . __________ Face Value' Redem ption 1 and
Maturity
[ Value
_______ __________

-

$1, 000

$5, 000

$10, 000

500

1, 000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

Period of time bond is held after issue date

Yi year
1 year
1 V> years

$500

_______
- - ________
- ____
____
____ - - ________________

$2.
6.
6.
6.
6.

00
25
25
25
25

$4.
12.
12.
12.
12.

00
50
50
50
50

$20.
62.
62.
62.
62.

00
50
50
50
50

$40.
125.
125.
125.
125.

Approximate Investment Yield
on Face Value f
(2) From issue
date to each
interest pay­
ment date

(3) From each

Percent

Percent

00
00
00
00
00

ment date (a)
to maturity*

0. 80
1. 65
1. 93
2. 07
2. 15

*3.
*3.
*3.
*3.
J3.

13
18
22
27
84

2.
2.
2.
2.
2.
2.
2.
2.
2.
2.
3.
3.
3.
3.
3.

3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
5.
5.
6.
12.

95
07
21
29
38
43
50
58
70
87
07
44
36
99

Amounts of interest checks and investment yields to maturity on basis of June 1,1959 revision

314 years

_________________

________________

414 years
_ _________________________ ______
5 y e a r s ___ _______________
____ ____________
5/1 years
_____
- _________ ___________
6 years
____ _____________
6/4 years
_______________ ________________
7X
A years

________ ______ _____________

9 years and 8 months (maturity)

$6.
6.
6.
8.
8.
10.
10.
10.
10.
10.
10.
10.
10.
10.
10.

50
50
50
75
75
00
00
00
00
00
60
60
60
60
60

2 Y years
3 years
3 Y> years

_

____
________
_ _
_

4Y) years

____

5 14 years

. . .

6 1,? years
7 A years

___________________
____________
- _______ __________

_____

___
___
-

- - ______________
___ _ _ _________
_
____________

_ _ ____ __ _ -

--

__

- ___
_ _ _ _

________ _______

_ _____________________

_______

00
00
00
50
50
00
00
00
00
00
20
20
20
20
20

$65.
65.
65.
87.
87.
100.
100.
100.
100.
100.
106.
106.
106.
106.
106.

00
00
00
50
50
00
00
00
00
00
00
00
00
00
00

$130.
130.
130.
175.
175.
200.
200.
200.
200.
200.
212.
212.
212.
212.
212.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

22
28
32
44
54
66
77
85
92
99
06
12
17
22
36

Extended maturity period

Period of time bond is held after maturity date

Yi year
1 year
1/4 years

$13.
13.
13.
17.
17.
20.
20.
20.
20.
20.
21.
21.
21.
21.
21.

$9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

37
37
37
37
37
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38

$18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.
18.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

$93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.
93.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

(b) to extended
maturity**

$187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.
187.

50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

37
39
40
41
42
43
44
45
46
47
47
48
49
79
50
50
51
51
52
52

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75

tCalculated on the basis of $1,000 bond.
.
•Approximate investment yield on the basis of original (prior to June 1, 1959 revision) schedule of interest checks is: (1) 3.00 percent per annum for entire
period from issuance to maturity. (2) As shown for any period from each interest payment date to maturity.
tApproximate investment yield from, effective date of the June 1,1959 revision to maturity.
••Approximate investment yield for the full 10-year extension is 3.75 percent per annum,
l At all times, except that bond is not redeemable during first 6 months.
219 years—8 months from issue date.




13
TABLE 12
B O N D S B E A R IN G ISSU E D A T E S F R O M FEB R U A R Y 1 T H R O U G H M A Y 1, 1957

f Issue Price
Face value< Re d e mp t i o n 1 and Ma t u r i t y
I V a lu e _____________
____
Period of time bond is held after issue date

_ _____________________
y% year___ _______ __
1 year_____
___
___________ _________
1^2 y ears-_ ________
_ _ ___________________
2 years________________________________ _
___
2)4 y e a r s ________ _____________________________

$500

$1, 000

$5, 000

$10, 000

500

1, 000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

$4.
7.
8.
8.
8.

00
25
45
45
45

$8.
14.
16.
16.
16.

00
50
90
90
90

$40.
72.
84.
84.
84.

00
50
50
50
50

Approximate Investment Yield

(2) From issue
date to each
interest pay­
ment date

(3) From each
interest pay­
ment date to
maturity*

Percent

Percent

$80
145
169
169
169

1.
2.
2.
2.
2.

60
25
62
80
92

*3.
*3.
*3.
*3.
|3.

35
38
38
38
88

3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

01
07
12
16
19
25
30
35
39
42
46
50
53
57
61

3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.

92
95
00
05
11
13
16
19
23
29
31
35
42
42

Amounts of interest checks and investment yields to maturity on basis of June 1,1959 revision

3 years_____________
3y2 years___________
4 years_____________
4 y2 years___________
5 years_____________
5j4 years___________
6 years_____________
6)4 years___________
7 years_____________
734 years___________
8 years_____________
8 y2 years-...................
9 years_____________
9)1 years___________
10 years (maturity)

$8.
8.
8.
8.
8.
9.
9.
9.
9.
9.
10.
10.
10.
11.
11.

70
70
70
70
70
90
90
90
90
90
50
50
50
05
05

$17.
17.
17.
17.
17.
19.
19.
19.
19.
19.
21.
21.
21.
22.
22.

40
40
40
40
40
80
80
80
80
80
00
00
00
10
10

$87.
87.
87.
87.
87.
99.
99.
99.
99.
99.
105.
105.
105.
110.
110.

00
00
00
00
00
00
00
00
00
00
00
00
00
50
50

$174
174
174
174
174
198
198
198
198
198
210
210
210
221
221

‘ Approximate investment yield on the basis of original (prior to June 1, 1959 revision) schedule of interest checks is: (1) 3.25 percent per annum for entire
period from issuance to maturity. (2) As shown for any period from each interest payment date to maturity,
t Revised approximate investment yield from effective date of revision to maturity.
1At all times, except that bond is not redeemable during first 6 months.




14
TABLE 13
B O N D S B E A R IN G IS SU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1957

Issue price
Face value Re d e mp t i o n 1 and
value-

mat ur i t y
____

Period of time bond is held after issue date

Y year
1 year
_
1Y% years
2 years

_ __ _ _

_____________
__
____________
___ ___________ _____
____ __

$500

$1, 000

$ 5 ,0 0 0

$10, 000

500

1, 000

5, 000

10, 000

(1) Amounts of interest checks for each denomination

$4.
7.
8.
8.

00
25
45
45

$8.
14.
16.
16.

00
50
90
90

$40.
72.
84.
84.

00
50
50
50

Approximate Investment Yield
on Face Value
(2) From issue
date to each
interest pay­
ment date

(3) From each

Percent

Percent

$80
145
169
169

ment date to
maturity*

1.
2.
2.
2.

60
25
62
80

*3.
*3.
*3.
t3.

35
38
38
88

2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

94
02
08
13
17
24
29
34
38
41
45
49
53
57
60
63

3.
3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.

91
95
99
03
09
11
14
17
21
27
29
31
36
36
36

Amounts of interest checks and investment yields to maturity on basis of June 1, 1959 revision

2/4 years___________
3 years_____________
3 yi years___________
4 years_____________
4/4 years___________
5 years_____________
5/4 years___________
6 years_____________
6)4 years___________
7 years_____________
7 Y> years___________
8 years____________ !.
8/4 years___________
9 years_____________
9 Yi years___________
10 years (maturity)

$8.
8.
8.
8.
8.
9.
9.
9.
9.
9.
10.
10.
10.
10.
10.
10.

70
70
70
70
70
75
75
75
75
75
45
45
45
90
90
90

$17.
17.
17.
17.
17.
19.
19.
19.
19.
19.
20.
20.
20.
21.
21.
21.

40
40
40
40
40
50
50
50
50
50
90
90
90
80
80
80

$87.
87.
87.
87.
87.
97.
97.
97.
97.
97.
104.
104.
104.
109.
109.
109.

00
00
00
00
00
50
50
50
50
50
50
50
50
00
00
00

$174
174
174
174
174
195
195
195
195
195
209
209
209
218
218
218

•Approximate investment yield on the basis of original (prior to June 1, 1959 revision) schedule of interest checks is: (1) 3.25 percent per annum for entire
period from issuance to maturity. (2) As shown for any period from each interest payment date to maturity,
t Revised approximate investment yield from effective date of revision to maturity.
1At all times, except that bond is not redeemable during first 6 months.




15
TABLE 14
B O N D S B E A R IN G ISSU E D A T E S F R O M D E C E M B E R 1, 1957, T H R O U G H M A Y 1, 1958
f Issue price___
Face value R e d e m p tio n 1 an d
value

$500

$1, 000

$5, 000

$10, 000

500

1, 000

5, 000

10, 000

m a tu rity

Period of time bond is held after issue date

____
}<2 year_______________ _ _____________ __
1 year_____
_______
1Yi year _ _______________
___ _______________

(1) Amounts of interest checks for each denomination

$4. 00
7. 25
8. 45

$8. 00
14. 50
16. 90

$40. 00
72. 50
84. 50

Approximate Investment Yield
on Face Value
(2) From issue
date to each
interest pay­
ment date

(3) From each
interest pay­
ment date to
maturity*

Percent

Percent

$80
145
169

1. 60
2. 25
2. 62

*3. 35
*3. 38
f3. 88

Amounts of interest checks and investment yields to maturity on basis of June 1, 1959 revision

2 y e a r s _________________________________________
_________ _____
2 Yi y e a r s _ _ _ _______
3 years_________
______ _
3% years
____ __ _
----------- _ __ _ __
4 years___________ __
_ _______
____
________
4 Yi y e a r s . ____________ ________
5 years
________________ _
_______
5 Yt y e a r s _ _ -___ ___________ __ .
_______
6 years
- ___ _______
_
_
________
_
.
_________
6 Yi years- _______
7 years _
______
_______
__
7 Yi years
8 years
_
_____ _
8 Yi years
__
________
___
9 years
_______ ________
9)4 y ea rs.- -------------------------- -10 years (m aturity)___ __

$8.
8.
8.
8.
8.
9.
9.
9.
9.
9.
10.
10.
10.
10.
11.
11.
11.

70
70
70
70
70
65
65
65
65
65
35
35
35
35
00
00
00

$17.
17.
17.
17.
17.
19.
19.
19.
19.
19.
20.
20.
20.
20.
22.
22.
22.

40
40
40
40
40
30
30
30
30
30
70
70
70
70
00
00
00

$87.
87.
87.
87.
87.
96.
96.
96.
96.
96.
103.
103.
103.
103.
110.
110.
110.

00
00
00
00
00
50
50
50
50
50
50
50
50
50
00
00
00

$174
174
174
174
174
193
193
193
193
193
207
207
207
207
220
220
220

2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

83
96
04
10
14
22
28
33
37
40
45
49
52
55
59
63
66

3.
3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.

91
94
98
02
07
10
12
15
19
25
27
29
33
40
40
40

•Approximate investment yield on the basis of original (prior to June 1, 1959 revision) schedule of interest checks is: (1) 3.25 percent per annum for entire
period from issuance to maturity. (2) As shown for any period from each interest payment date to maturity,
t Revised approximate investment yield from effective date of revision to maturity.
1 At all times, except that bond is not redeemable during first 6 months.




16
TABLE 15
B O N D S B E A R IN G ISSU E D A T E S F R O M JUNE 1 T H R O U G H N O V E M B E R 1, 1958
[Issue price
Face value] Re d e mp t i o n
1 value

1

___
and

$500
mat ur i t y
500

Period of time bond is held after issue date

year___
_

1 year

___

$ 1,

000

$5, 000

1, 000

5, 000

$ 10,

000

10, 000

(1) Amounts of interest checks for each denomination

$4. 00
7. 25

_ _ ___ __ _____

$ 8. 00
14. 50

$40. 00
72. 50

Approximate Investment Yield
on Face Value
(2) From issue
date to each
interest pay­
ment date

(3) From each
interest pay­
ment date to
maturity*

Percent
1. 60
2. 25

$80
145

Percent
*3. 35
f3. 88

Amounts of interest checks and investment yields to maturity on basis of June 1,1959 revision

$ 8.
8.
8.
8.
8.
9.
9.
9.
9.
9.
10.
10.
10.
10.
10.
11.
11.
11.

l}i years___________
2 years_____ _______
2}i years___________
3 years_____________
years___________
4 years_____________
4}4 years___________
5 years-------------------5Yi years___________
6 years_____________
6}l years___________
7 years_____________
7Yi years___________
8 years_____________
8}4 years___________
9 years_____________
years___________
10 years (maturity)

70
70
70
70
70
55
55
55
55
55
30
30
30
30
30

10
10
10

$17.
17.
17.
17.
17.
19.
19.
19.
19.
19.
20.
20.
20.
20.
20.
22.
22.
22.

40
40
40
40
40

10
10
10
10
10

60
60
60
60
60

20
20
20

$87.
87.
87.
87.
87.
95.
95.
95.
95.
95.
103.
103.
103.
103.
103.
111.
111.
111.

00
00
00
00
00
50
50
50
50
50

00
00
00
00
00
00
00
00

$174
174
174
174
174
191
191
191
191
191
206
206
206
206
206

2.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

222
222
222

65
85
98
06
11
20
26
31
35
39
44
48
52
55
58
62

3.
3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.

66

91
94
97
01
06
08
11
14
18
23
25
27
31
36
44
44
44

69

‘ Approximate investment yield on the basis of original (prior to June 1, 1959 revision) schedule of interest checks is: (1) 3.25 percent per annum for entire
period from issuance to maturity. (2) As shown for any period from each interest payment date to maturity.
tRevised approximate investment yield from effective date of revision to maturity.
1At all times, except that bond is not redeemable during first 6 months.

T A B L E 16
B O N D S B E A R IN G ISSU E D A T E S F R O M D E C E M B E R 1, 1958, T H R O U G H M A Y 1, 1959
[Issue p r ic e ______
Face value R e d e m p t i o n 1 and
[ value

$500
mat ur i t y
500

000

$5, 000

1, 000

5, 000

$ 10,

000

10, 000

(1) Amounts of interest checks for each denomination

Period of time bond is held after issue date

Yz year _ _

$ 1,

___

$4. 00

$ 8.

00

$40. 00

Approximate Investment Yield
on Face Value
(2) From issue
date to each
interest pay­
ment date

(3) From each
interest pay­
ment date to
maturity*

Percent

Percent

$80

1.

60

2.
2.
2.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.

30

t3. 85

Amounts of interest checks and investment yields to maturity on basis of June 1, 1959 revision

1 year

_____ _________
_
_
_ _ ________ _
2 years _ _ _ ________ __ _ ___________ _____
2l/> years
_
____
___ _________
3 years
_ _ _ _ _________ _ __
3}l years
___
_____ _ _
_ _ _ _ _ _
4 vears
________ __ __________ __
_____________________
_ __
4y y e a r s _____
5 vears
_ _______________ _ _ _
5)4 vears
_ _____________
___
6 years
_ __ ___________ _______ __
6)2 years _ _ _ ___ __ _________
7 years
___ _________________ __
7y years__ _ _ ____ ______ _______
8 years
__________
__ _ _
8/^ years______ ______ ______
_ _ _
9 years _
. __ ________ _____ _______
9\'i years _
_
___________
10 years (maturity)
\y2 years

$7.
8.
8.
8.
8.
9.
9.
9.
9.
9.
10.
10.
10.
10.
10.
10.
11.
11.
11.

50
70
70
70
70
45
45
45
45
45
25
25
25
25
25
25
25
25
25

$15.
17.
17.
17.
17.
18.
18.
18.
18.
18.
20.
20.
20.
20.
20.
20.
22.
22.
22.

00
40
40
40
40
90
90
90
90
90
50
50
50
50
50
50
50
50
50

$75.
87.
87.
87.
87.
94.
94.
94.
94.
94.
102.
102.
102.
102.
102.
102.
112.
112.
112.

00
00
00
00
00
50
50
50
50
50
50
50
50
50
50
50
50
50
50

$150
174
174
174
174
189
189
189
189
189
205
205
205
205
205
205
225
225
225

68
88

00
07
17
24
30
34
38
43
48
52
55
58
61
65
69
72

3.
3.
3.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.

91
94
97
01
05
08
10
14
18
23
24
26
29
33
40
50
50
50

‘ Approximate investment yield on the basis of original (prior to June 1, 1959 revision) schedule of interest checks is: 3.25 percent per annum for entire
period from issuance to maturity.
tRevised approximate investment yield from effective date of revision to maturity.
1At all times, except that bond is not redeemable during first 6 months.




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