[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: 31CFR342.1]



[Page 265]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY

 

PART 342_OFFERING OF UNITED STATES SAVINGS NOTES--Table of Contents

 

Sec.  342.1  Definition of words and terms used in this part.



    (a) Payroll savings plan refers to a voluntary program maintained by 

an employer whereby its participating officers and employees authorize 

regular withholdings from their salaries or wages for the purchase of 

savings bonds.

    (b) Quarter refers to a 3-month period of a year, as follows: 

January-February-March, April-May-June, July-August-September, or 

October-November-December.