31 CFR 359.39
§ 359.39 How are redemption values calculated for definitive Series I savings bonds?
United States · 31 CFR — Money and Finance: Treasury · Status: effective
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- Citation
- 31 CFR 359.39, § 359.39 How are redemption values calculated for definitive Series I savings bonds?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140389
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Full text
We determine the redemption value of a definitive savings bonds for the accrual date (the first day of each month) by first determining the composite rate as defined in § 359.13. If the result of the composite rate calculation is a negative value, zero will be the assumed composite rate in the redemption value calculation. Redemption values are calculated using the following formula (For examples of the calculation, see appendix A to part 359):
Where:
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.