[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR342.5]

[Page 252]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 342--OFFERING OF UNITED STATES SAVINGS NOTES--Table of Contents
 
Sec. 342.5  Limitations.

    (a) Purchases--(1) Payroll savings plans. Under a payroll savings 
plan, withholdings for notes could not exceed the ratio of $1.08 for the 
notes to $1 for the Series E bonds and could not exceed $20.25 per 
weekly pay period, or $40.50 per biweekly or semi-monthly pay period, or 
$81 per monthly pay period.
    (2) Others. In combination purchases of notes and Series E bonds, 
other than under a payroll savings plan, purchases of notes could not 
exceed $350 (face amount) a quarter, and in no event could the annual 
limitation of $1,350 (face amount) be exceeded.
    (b) Holdings. The face amount of savings notes originally issued to 
any one person during any one calendar year, was limited to $1,350.