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31 C.F.R. § 359.55   How are redemption values calculated for book-entry Series I savings bonds?

Title 31 - Money and Finance: Treasury

Title 31: Money and Finance: Treasury
PART 359—OFFERING OF UNITED STATES SAVINGS BONDS, SERIES I
Subpart C—Book-Entry Series I Savings Bonds

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§ 359.55   How are redemption values calculated for book-entry Series I savings bonds?

We base current redemption values (CRV) for book-entry Series I savings bonds on the definitive savings bonds CRV. To calculate the book-entry values, we use the CRV for the $100 denomination Series I savings bonds and calculate a CRV prorated to the book-entry par investment amount for the corresponding issue and redemption dates. Calculated book-entry CRV will be rounded to the nearest one cent.⁵ The formula is as follows (Examples of the calculation are given in Appendix A to part 359.):

⁵ Example: Calculated value of $25.044 rounds to $25.04; calculated value of $25.045 rounds to $25.05.

[Book-entry par investment ÷ 100] × [CRV value for $100 bond].

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