§ 321.12. Redemption value of securities.
60 words·~1 min read·
/us/cfr/t31/s§ 321.12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. \[63 FR 38042, July 14, 1998\]