§359.39. How are redemption values calculated for definitive Series I savings bonds?
31 C.F.R. § 359.39
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):
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.
Source
Source: 67 FR 64278, Oct. 17, 2002, unless otherwise noted.