31 CFR 359.55
§ 359.55 How are redemption values calculated for book-entry Series I savings bonds?
United States · 31 CFR — Money and Finance: Treasury · Status: effective
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- Citation
- 31 CFR 359.55, § 359.55 How are redemption values calculated for book-entry Series I savings bonds?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140402
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Full text
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.):
4 Example: Calculated value of $25.044 rounds to $25.04; calculated value of $25.045 rounds to $25.05.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.