[Code of Federal Regulations]

[Title 31, Volume 2]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR359.55]



[Page 456]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY

 

PART 359_OFFERING OF UNITED STATES SAVINGS BONDS, SERIES I--Table of Contents

 

               Subpart C_Book-Entry Series I Savings Bonds

 

Sec.  359.55  How are redemption values calculated for book-entry Series I savings bonds?



    We base current redemption values (CRV) for book-entry Series I 

savings bonds on the definitive savings bonds CRV. To calculate the 

book-entry values, we use the CRV for the $100 denomination Series I 

savings bonds and calculate a CRV prorated to the book-entry par 

investment amount for the corresponding issue and redemption dates. 

Calculated book-entry CRV will be rounded to the nearest one cent.\5\ 

The formula is as follows (Examples of the calculation are given in 

Appendix A to part 359.):

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    \5\ Example: Calculated value of $25.044 rounds to $25.04; 

calculated value of $25.045 rounds to $25.05.



[Book-entry par investment / 100] x [CRV value for $100 bond].