C.F.R. » Title 31 » CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY › SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE › PART 321—PAYMENTS BY BANKS AND OTHER FINANCIAL INSTITUTIONS OF DEFINITIVE UNITED STATES SAVINGS BONDS AND UNITED STATES SAVINGS NOTES (FREEDOM SHARES) › Subpart D—Payment and Transmittal of Securities

31 C.F.R. § 321.12

Redemption value of securities

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The redemption value of each savings security is determined by the terms of its offering and the length of time it has been outstanding. The Bureau of the Fiscal Service determines redemption values for Series A-E bonds, eligible Series EE and I bonds, and savings notes, that should be used in redeeming savings securities.

[63 FR 38042, July 14, 1998]
Notes of Decisions
Cited in 1 case, 1987–1987 · leading case: Bank Leumi Trust Co. v. United States, 12 Cl. Ct. 559 (Ct. Cl. 1987).
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Bank Leumi Trust Co. v. United States, 12 Cl. Ct. 559 (Ct. Cl. 1987). · cites it 5× “There is no exception to the requirement that bonds may be redeemed only when presented by the named owner for a person acting under a power of attorney. Memoranda of Instructions Issued In Conjunction with Department Circular No.”
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