[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: 31CFR353.11]

[Page 325]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 353--REGULATIONS GOVERNING UNITED STATES SAVINGS BONDS, SERIES EE AND HH--Table of Contents
 
               Subpart C--Limitations on Annual Purchases
 
Sec. 353.11  Computation of amount.

    (a) General. The purchases of bonds in the name of any person in an 
individual capacity are computed separately from purchases in a 
fiduciary capacity. A pension or retirement fund, or an investment, 
insurance, annuity, or similar fund or trust is regarded as an entity, 
regardless of the number of beneficiaries or the manner in which their 
shares or interests are established, determined, or segregated.
    (b) Bonds included in computation. In computing the purchases for 
each person, the following outstanding bonds are included:
    (1) All bonds registered in the name of that person alone;
    (2) All bonds registered in the name of the representative of the 
estate of that person; and
    (3) All bonds registered in the name of that person as coowner. 
However, in computing the amount of bonds of each series held in 
coownership form, the limitation may be applied to the holdings of 
either of the coowners or apportioned between them.
    (c) Bonds excluded from computation. In computing the purchases for 
each person, the following are excluded:
    (1) Bonds on which that person is named beneficiary;
    (2) Bonds to which that person has become entitled--
    (i) Under Sec. 353.70 as surviving beneficiary upon the death of the 
registered owner;
    (ii) As an heir or a legatee of the deceased owner;
    (iii) By virtue of the termination of a trust or the happening of a 
similar event;
    (3) Bonds issued in an authorized exchange or reinvestment; and
    (4) Bonds that are purchased and redeemed within the same calendar 
year.