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Public Debt Begins 10th Annual Savings Bonds Student Poster Contest: Winners Will Receive Close to $100,000 in U.S. Savings Bonds

FOR IMMEDIATE RELEASE

November 15, 2000

Today the U.S. Treasury's Bureau of the Public Debt announced the Tenth Annual U.S. Savings Bonds Poster Contest where students in grades 4 through 6 can enter their artwork to win savings bonds awards. The contest is designed to educate children on the need to save and introduce them to U.S. Savings Bonds. Winners will be selected from each of the 50 states, the District of Columbia, and Puerto Rico. The 52 first-place winners will each win $1,000 in U.S. Savings Bonds and be placed into the national competition. The three national winners will be honored in Washington, D.C., and presented with thousands more in U.S. Savings Bonds.

Poster Theme:

• The posters should show how savings bonds can help owners, children, and adults make their money grow. The campaign's theme, “Reach for the Stars - Buy U. S. Savings Bonds,” should be on the poster.

Awards:

• A $1,000 savings bond is given to the creator of the first-place winning poster in each state, the District of Columbia, and Puerto Rico. Second-place winners receive a $500 savings bond and third-place a $200 bond. The first-place poster in each state is sent to Washington to compete in the selection of the top three national winners.
• The first-, second-, and third-place national winners receive, respectively, $5,000, $2,000 and $1,000 savings bonds at the national ceremony in Washington, D.C.
• Accommodations and transportation to and from Washington, D.C., if needed, will be provided for the three national winners and a parent or guardian. While in Washington, they are invited to tour the historic Treasury Building, meet the Treasurer of the United States, visit the U.S. Capitol and go see the Bureau of Engraving and Printing where currency is made.

Deadline:

• All entries for the state contest must be postmarked by February 9, 2001. Contest brochures were mailed to over 75,000 elementary schools nationwide in late October.

For More Information:

• Visit our Web site: www.savingsbonds.gov.
• Write to: National Student Poster Contest, Bureau of the Public Debt, Savings Bonds Marketing Office, Room 309, 999 E St., N.W., Washington, D.C. 20226.

BACKGROUND INFORMATION: NATIONAL STUDENT POSTER CONTEST

Judging:

• Posters are judged on originality, poster design, visual appeal, and how well they convey the savings bond theme.
• State and national entries are judged by panels which include representatives from state art councils, the news media, sponsoring organizations, and members of the U.S. Savings Bonds Volunteer Committee.

Where Winning Posters Are Displayed:

• The first-place national winner's poster will be used for the 2002 U.S. Savings Bonds Campaign and, therefore, seen all over the country.
• The 52 first-place winning posters are on exhibit in Washington, D.C., for several months.
• Photographs of the winning posters with the artist and school's name are displayed in major airports across the United States.
• Images of the posters are shown on the Bureau of the Public Debt's savings bonds Web site: www.savingsbonds.gov.

Savings Bonds Facts For Kids:

• 55 million Americans own U.S. Savings Bonds.
• U.S. Savings Bonds are the single most widely held security in the world.
• In 1941 President Franklin D. Roosevelt bought the first Series E savings bond launching the most successful savings campaign in American history.
• Interest earned on savings bonds is exempt from state and local income tax.
• The new inflation-indexed I Bonds and Series EE Bonds are available in $50, $75, $100, $200, $500, $1000, $5,000, and $10,000 denominations. Series EE bonds sell for half their face value, and I Bonds sell for face value.
• Both Series EE and I Bonds can be purchased at most financial institutions, payroll savings plans, the EasySaver Plan and on the internet at Savings Bonds Direct at www.savingsbonds.gov.
• Posters have helped to promote the sale of savings bonds for nearly 60 years.

Endorsed by:

• The American Association of School Administrators, American Federation of Teachers, National Association of Elementary School Principals, and National School Public Relations Association.
• United Space Alliance is the national sponsor of the 2001 contest.