United States Savings Bonds; Extension of Holding Period
other · Fiscal Service · Rule · Published 2003-01-17 · Effective 2003-02-01 · 68 FR 2666
Document
Document number
03-1114
Federal Register citation
68 FR 2666
CFR reference
31 CFR 321
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
2003-01-17
Effective date
2003-02-01
Abstract
The purpose of this final rule is to amend regulations offering and governing United States Savings Bonds to require that owners hold their bonds 12 months before they are eligible for redemption instead of 6 months. This change affects Series EE and I United States Savings Bonds issued January 2003 or later. This change is being made to discourage investing in savings bonds for short terms, and to better align the effective return on savings bonds with short- term marketable Treasury security yields.