§342.5. Limitations.
31 C.F.R. § 342.5
Purchases—
Payroll savings plans. Under a payroll savings plan, withholdings for notes could not exceed the ratio of $1.08 for the notes to $1 for the Series E bonds and could not exceed $20.25 per weekly pay period, or $40.50 per biweekly or semi-monthly pay period, or $81 per monthly pay period.
Others. In combination purchases of notes and Series E bonds, other than under a payroll savings plan, purchases of notes could not exceed $350 (face amount) a quarter, and in no event could the annual limitation of $1,350 (face amount) be exceeded.
Holdings. The face amount of savings notes originally issued to any one person during any one calendar year, was limited to $1,350.
Notes, amendments, and revision history
Authority
Authority: 31 U.S.C. 3103, 5 U.S.C. 301.
Source
Source: 57 FR 14282, Apr. 17, 1992, unless otherwise noted.