§351.70. How are redemption values calculated for book-entry Series EE savings bonds?
31 C.F.R. § 351.70
We base current redemption values (CRV) for book-entry Series EE savings bonds on the definitive savings bond CRV. We use the CRV for a $100 principal amount as calculated in § 351.16 to calculate a CRV prorated to the book-entry principal investment amount for the corresponding issue and redemption dates. Calculated book-entry CRV will be rounded to the nearest one cent. 2 The formula is as follows:
Notes, amendments, and revision history
Amendments
[68 FR 24796, May 8, 2003, as amended at 75 FR 52460, Aug. 26, 2010]
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.
Amendments
[68 FR 24796, May 8, 2003, as amended at 75 FR 52460, Aug. 26, 2010]