§351.32. How are redemption values calculated for Series EE bonds with issue dates of May 1, 1997, through April 1, 2005?
31 C.F.R. § 351.32
Formula for redemption value. We determine the redemption value of a bond for the accrual date (the first day of each month beginning with the fourth month from the issue date) in accordance with this section and the following formula:
Value of bonds at original maturity—
Definitive bond. At original maturity, the redemption value of a definitive bond shall not be less than the face amount/denomination of the bond.
Book-entry bond. At original maturity, the redemption value of a book-entry bond shall not be less than double the purchase price of the bond.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.
Source
Source: 68 FR 24796, May 8, 2003, unless otherwise noted.