StacksVerified U.S. regulatory reference

31 CFR §351.32

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Formula for redemption value. We determine the redemption value of a bond for the accrual date (the first day of each month beginning with the fourth month from the issue date) in accordance with this section and the following formula:
  2. (b)Value of bonds at original maturity—(1) Definitive bond. At original maturity, the redemption value of a definitive bond shall not be less than the face amount/denomination of the bond.
    1. (2)Book-entry bond. At original maturity, the redemption value of a book-entry bond shall not be less than double the purchase price of the bond.