StacksVerified U.S. regulatory reference

31 CFR §359.16

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Interest, if any, accrues on the first day of each month; that is, we add the interest earned on a bond during any given month to its value at the beginning of the following month.
  2. (b)The accrued interest compounds semiannually.