Debt Instruments
on the OID List(p3)

The OID list on the IRS website can be used by brokers and other middlemen to prepare information returns.

The following discussions explain what information is contained in each section of the list.

This section contains publicly offered, long-term debt instruments.

• Section I-A: Corporate Debt Instruments Issued Before 1985.
• Section I-B: Corporate Debt Instruments Issued After 1984.
• Section I-C: Inflation-Indexed Debt Instruments.

For each publicly offered debt instrument in Section I, the list contains the following information.

• The name of the issuer.
• The Committee on Uniform Security Identification Procedures (CUSIP) number.
• The issue date.
• The maturity date.
• The issue price expressed as a percent of principal or of stated redemption price at maturity.
• The annual stated or coupon interest rate. (This rate is shown as 0.00 if no annual interest payments are provided.)
• The yield to maturity will be added to Section I-B for bonds issued after December 31, 2006.
• The total OID accrued up to January 1 of a calendar year. (This information is not available for every instrument.)
• For long-term debt instruments issued after July 1, 1982, the daily OID for the accrual periods falling in a calendar year and a subsequent year.
• The total OID per $1,000 of principal or maturity value for a calendar year and a subsequent year.

This section contains stripped coupons and principal components of U.S. Treasury and Government-Sponsored Enterprise debt instruments. These stripped components are available through the Department of the Treasury's Separate Trading of Registered Interest and Principal of Securities (STRIPS) program and government-sponsored enterprises such as the Resolution Funding Corporation. This section also includes debt instruments backed by U.S. Treasury securities that represent ownership interests in those securities.

The obligations listed in Section II are arranged by maturity date. The amounts listed are the total OID for a calendar year per $1,000 of redemption price.

This section contains short-term discount obligations.

• Section III-A: Short-Term U.S. Treasury Bills.
• Section III-B: Student Loan Marketing Association.
• Section III-C: Federal Home Loan Banks.
• Section III-D: Federal National Mortgage Association.
• Section III-E: Federal Farm Credit Bank.
• Section III-F: Federal Home Loan Mortgage Corporation.
• Section III-G: Federal Agricultural Mortgage Corporation.

The short-term obligations listed in this section are arranged by maturity date. For each obligation, the list contains the CUSIP number, maturity date, issue date, issue price (expressed as a percent of principal), and discount to be reported as interest for a calendar year per $1,000 of redemption price. Brokers and other middlemen should rely on the issue price information in Section III only if they are unable to determine the price actually paid by the owner.