GroundRules
31 CFR 351.32: How are redemption values calculated for Series EE bonds with issue dates of May 1, 1997, through April 1, 2005?
Where this section sits in the code
- Title 31—Money and Finance: Treasury
- Subtitle B—Regulations Relating to Money and Finance
- CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY
- SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE
- PART 351—OFFERING OF UNITED STATES SAVINGS BONDS, SERIES EE
- Subpart B—Maturities, Redemption Values, and Investment Yields of Series EE Savings Bonds
(a) Formula for redemption value. We determine the redemption value of a bond for the accrual date (the first day of each month beginning with the fourth month from the issue date) in accordance with this section and the following formula:
FV = PV × {[1 + (i ÷ 2)] (m/6)}
where
FV (future value) = redemption value on redemption date rounded to the nearest cent.
PV (present value) = redemption value at the beginning of the semiannual rate period
i = savings bonds rate converted to decimal form by dividing by 100.
m = number of full calendar months outstanding during the semiannual rate period. 1
(b) Value of bonds at original maturity—(1) Definitive bond. At original maturity, the redemption value of a definitive bond shall not be less than the face amount/denomination of the bond.
(2) Book-entry bond. At original maturity, the redemption value of a book-entry bond shall not be less than double the purchase price of the bond.
Collected 2026-08-27T02:25:25Z. Source file · JSON