Code of Federal Regulations: Containing a Codification of Documents of ...

(a) Prior to maturity. Prior to maturity a Series H bond will be redeemed AT PAR, in whole or in part, in the amount of an authorized denomination or multiple thereof, at the option of the owner, after six months from the issue date upon one calendar month's notice to (1) a Federal Reserve Bank Branch, (2) the Office of the Treasurer of the United States, Securities Division, Washington, D.C., 20220, or (3) the Bureau of the Public Debt, Division of Loans and Currency Branch, 536 South Clark Street, Chicago, Ill., 60605. Such notice may be given separately, in writing, or by presenting and surrendering the bond with a duly executed request for payment. If notice is given separately, the bond must be presented with a duly executed request for payment to the same agent not less than twenty days before the redemption date fixed by the notice. Payment will be made as of the first day of the first month following by at least one full calendar month the date of the receipt of notice.

(b) At maturity. Upon maturity a Series H bond will be redeemed at par upon presentation of the bond with a duly executed request for payment to one of the agents designated in paragraph (a) of this section. Any Series H bond having an extended maturity period

will be redeemed at par upon original maturity and for two calendar months following the month in which the bond without originally matures advance notice.'

(c) During extended maturity period. A Series H bond having an extended maturity period will, beginning with the first day of the third calendar month following the calendar month in which the bond originally matures, be regarded as unmatured until it reaches its final maturity date and may be redeemed in the same manner and subject to the same notice for redemption as provided in paragraph (a) of this section.

APPENDIX-TABLES OF CHECKS ISSUED AND INVESTMENT YIELDS FOR UNITED STATES SAVINGS BONDS OF SERIES H

Each table shows: (1) Amounts of interest checks paid on United States Savings Bonds of Series H bearing issue dates covered by the table, by denominations, on each interest payment date (a) following the date of issue for bonds bearing issue dates beginning December 1, 1954; (b) following original maturity date for bonds bearing issue dates of June 1, 1952, through November 1, 1954 (for the latest revised amounts of interest checks and investment yields during the original maturity period not shown in these tables, see Department Circular 905, Second Revision, dated September 23, 1959); (2) the approximate investment yield on the face value from issue date to each interest payment date; and (3) the approximate investment yield on the face value from each interest payment date to maturity. Yields are expressed in terms of rate percent per annum, compounded semiannually.

TABLE 1-BONDS BEARING ISSUE DATES BEGINNING JUNE 1, 1959

†Calculated on the basis of $1,000 bond.

1 At all times, except that bond is not redeemable during first 6 months.

2 Approximate investment yield for entire period from issuance to maturity is 3.75 percent per annum.

TABLE 2-BONDS BEARING ISSUE DATES FROM JUNE 1 THROUGH NOVEMBER 1, 1952

3.75

1 year. 11⁄2 years.

2 years.

3.75

21⁄2 years..

3.75

41⁄2 years.

3.75

7 years.. 71⁄2 years.. 8 years. 81⁄2 years.

3.75

Approximate investment yield for the full 10-year extension is 3.75 percent per annum. 1 At all times, except that bond is not redeemable during first 6 months.