Pamphlets on Savings Bonds, Circular No. 79-107 - FRASER

fed er a l Reserve Bank of Dallas

DALLAS. TEXAS 75222

Circular No. 79-107 June 25, 1979

PAMPHLETS ON SAVINGS BONDS

TO ALL ISSUING AND PAYING AGENTS OF SAVINGS BONDS IN THE ELEVENTH FEDERAL RESERVE DISTRICT:

Enclosed are copies of two pamphlets which the Bureau has prepared to respond to inquiries about the savings bond changes announced in January and the recently announced rate increase.

The pamphlet entitled, "Information on New Savings Bonds and Maturities of Outstanding Bonds," contains updated comparison charts as well as descriptive paragraphs designed to respond to some of the most frequently asked questions about the new bonds and maturities of the Series E and H. Several details which have been finalized in the past few weeks are also in cluded, namely:

1) It was previously announced that Series HH bonds purchased for cash would be subject to an interest adjustment if redeemed before original maturity. Update: Interest adjustment will only be made if the bond is redeemed within five years after issue and the adjustment will reduce the yield of the HH bond to a level comparable to that of a Series EE bond held for the same length of time.

2) It was previously mentioned that there would be some limitations on the eligibility of Series E and EE bonds for exchange for Series HH. These limitations will be as follows: Series E bonds will be eligible until one year after final maturity; Series EE bonds will be eligible six months after issue.

The second pamphlet, "Questions and Answers About the Improved Rate on Savings Bonds," is essentially a revised format of the information which was sent to you earlier with our Circular 79-88, dated May 16, 1979.

Additional copies of this circular are available upon request to the Fiscal Agency Department of this Bank, Ext. 6364.

Enclosures

FEDERAL RESERVE BANK OF DALLAS Fiscal Agent of the United States

Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank: 1-800-492-4403 (intrastate) and 1-800-527-4970 (interstate). For calls placed locally, please use 651 plus the extension referred to above.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.)

Information on New Savings Bonds

and Maturities of Outstanding Bonds

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