[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR341.1]

[Page 254]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 341_REGULATIONS GOVERNING UNITED STATES RETIREMENT PLAN BONDS
--Table of Contents
 
Sec. 341.1  Description of bonds.

    (a) Investment yield (interest). United States Retirement Plan 
Bonds, hereinafter sometimes referred to as Retirement Plan Bonds, will 
be issued at par. The investment yields (interest) are as follows:
    (1) Bonds with issue dates of January 1, 1963, through May 1, 1966--
3.75 percent per annum, compounded semiannually (see Table of Redemption 
Values in the appendix).
    (2) Bonds with issue dates of June 1, 1966, through December 1, 
1969--4.15 percent per annum, compounded semiannually (see Table A in 
the appendix).
    (3) Bonds with issue dates of January 1, 1970, through January 1, 
1974--5 percent per annum, compounded semiannually (see Table B).
    (4) Bonds with issue dates of February 1, 1974, through July 1, 
1979--6 percent per annum, compounded semiannually (see Table C).
    (5) Bonds with issue dates of August 1, 1979, through October 1, 
1980--6.5 percent per annum, compounded semiannually (see Table D).
    (6) Bonds with issue dates of November 1, 1980, through September 1, 
1981--8 percent per annum, compounded semiannually (see Table E).
    (7) Bonds with issue dates of October 1, 1981, or thereafter--9 
percent per annum, compounded semiannually (see Table F).

Interest will be paid only upon redemption of the bonds. The accrual of 
interest will continue until the bonds are redeemed or have reached 
maturity, whichever is earlier, in accordance with these regulations.
    (b) Term. The maturity date of any bond issued under this circular 
shall be indeterminate, but unless sooner redeemed in accordance with 
the regulations in this part, its investment yield will cease on the 
interest accrual date coinciding with, or, where no such coincidence 
occurs, the interest accrual date next preceding, the first day of the 
sixtieth (60th) month following the date of death of the person in whose 
name it is registered.
    (c) Denominations--issue date. Retirement Plan Bonds will be 
available only in registered form and in denominations of $50, $100, 
$500, and $1,000. At the time of issue, the issuing agent will enter in 
the upper right-hand portion of the bond the issue date (which shall be 
the first day of the month and year in which payment of the purchase 
price is received by an authorized issuing agent), and will imprint the 
agent's validating stamp in the lower right-hand portion. The issue 
date, as distinguished from the date in the agent's validating stamp, 
will determine the date from which interest will begin to accrue on the 
bond. A Retirement Plan Bond shall be valid only if an authorized 
issuing agent receives payment therefor, duly inscribes, dates, stamps, 
and delivers it.

[28 FR 405, Jan. 16, 1963, as amended at 46 FR 60573, Dec. 11, 1981]