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Code · CFR · Title 31 — Money and Finance: Treasury · Part 359 · § 359.55

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

124 words·~1 min read·/us/cfr/t31/s§ 359.55·

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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. 4 The formula is as follows (Examples of the calculation are given in appendix A to part 359.): 4 Example: Calculated value of \$25.044 rounds to \$25.04; calculated value of \$25.045 rounds to \$25.05. \[Book-entry par investment ÷ 100\] × \[CRV value for \$100 bond\]. \[67 FR 64278, Oct. 17, 2002, as amended at 75 FR 52461, Aug. 26, 2010\]
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