StacksVerified U.S. regulatory reference

31 CFR §351.16

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
We base all calculations of interest on a unit with a principal amount of $12.50. We use this unit value to determine the value of bonds in higher denominations. The effect of rounding off the value of the $12.50 unit increases at higher denominations. This can work to your slight advantage or disadvantage, depending on whether the value is rounded up or down.