1. LawStack
  2. Title 31 - Money and Finance: Treasury
  3. Subtitle B - Regulations Relating to Money and Finance
  4. Chapter II - Fiscal Service, Department of the Treasury
  5. Subchapter A - Bureau of the Fiscal Service
  6. Part 359 - Offering of United States Savings Bonds, Series I
  7. Subpart C - Book-Entry Series I Savings Bonds
  8. 31 CFR § 359.55
31 CFR § 359.55
How are redemption values calculated for book-entry Series I savings bonds?
July 31, 2023
CFR
Editorial Note on Subchapter A of Chapter II

Editorial Note:

Nomenclature changes to subchapter A appear at 78 FR 60697, Oct. 2, 2013.

§ 359.55 How are redemption values calculated for book-entry Series I savings bonds?

We base current redemption values (CRV) for book-entry Series I savings bonds on the definitive savings bonds CRV. To calculate the book-entry values, we use the CRV for the $100 denomination Series I savings bonds and calculate a CRV prorated to the book-entry par investment amount for the corresponding issue and redemption dates. Calculated book-entry CRV will be rounded to the nearest one cent.[4] The formula is as follows (Examples of the calculation are given in appendix A to part 359.):

[Book-entry par investment ÷ 100] × [CRV value for $100 bond].

[67 FR 64278, Oct. 17, 2002, as amended at 75 FR 52461, Aug. 26, 2010]

Footnotes - 359.55

[4] Example: Calculated value of $25.044 rounds to $25.04; calculated value of $25.045 rounds to $25.05.

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§ 359.54 When is a book-entry Series I savings bonds validly issued?
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§ 359.56 How can I find out what my book-entry Series I savings bonds are worth?

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