(a) Regulations. All Individual Retirement Bonds shall be subject to the general regulations prescribed by the Secretary with respect to United States securities, which are set forth in Department of the Treasury Circular No. 300, current revision, to the extent applicable. Copies of the general regulations may be obtained upon request from any Federal Reserve Bank or the Department of the Treasury.
(b) Reservation as to issue of bonds. The Secretary of the Treasury reserves the right to reject any application for the purchase of Individual Retirement Bonds, in whole or in part, and to refuse to issue or permit to be issued any such bonds in any case or any class or classes of cases if he deems such action to be in the public interest, and his action in any such respect shall be final.
(c) Additional requirements. In any case or any class of cases arising under this circular, the Secretary of the Treasury may require such additional evidence as may in his judgment be necessary, and may require a bond of indemnity, with or without surety, where he may consider such bond necessary for the protection of the United States.
(d) Waiver of requirements. The Secretary of the Treasury reserves the right, in his discretion, to waive or modify any provision or provisions of this circular in any particular case or class of cases for the convenience of the United States, or in order to relieve any person or persons of unnecessary hardship, if such action is not inconsistent with law, does not impair any existing rights, and he is satisfied that such action would not subject the United States to any substantial expense or liability.
(e) Fiscal agents. Federal Reserve Banks and Branches, as fiscal agents of the United States, are authorized to perform such services as may be requested of them by the Secretary of the Treasury in connection with the issue, delivery, redemption, reissue, and payment of Individual Retirement Bonds.
(f) Reservation as to terms of circular. The Secretary of the Treasury may at any time, or from time to time, supplement or amend the terms of this circular, or any amendments or supplements thereto.
Sec. Appendix to Part 346--Tables
Table of Redemption Values Providing an Investment Yield of 6 Percent
per Annum for Bonds Bearing Issue Dates Beginning January 1, 1975
Note: This table shows how Individual Retirement Bonds bearing issue
dates on or after January 1, 1975, by denomination, increase in
redemption value during the successive half-year periods following
issue. The redemption values provide an investment yield of
approximately 6 pct/annum, compounded semiannually, on the purchase
price from issue date to the beginning of each half-year period. Noincrease in redemption value is shown, however, until 1 year after issue
date since no interest may be paid on bonds redeemed before that time.
The period to maturity is fixed in accordance with the provisions of
Sec. 346.1(b) of this circular.------------------------------------------------------------------------
Issue price
----------------------------------------
Redemption values during each half-yearPeriod after issue date (years) period (values increase on first day of
period shown)
----------------------------------------
$50.00 $75.00 $100.00 $500.00------------------------------------------------------------------------1st............................ $50.00 $75.00 $100.00 $500.001 to 1\1/2\.................... 53.05 79.57 106.10 530.501\1/2\ to 2.................... 54.64 81.95 109.28 546.402 to 2\1/2\.................... 56.28 84.41 112.56 562.802\1/2\ to 3.................... 57.96 86.95 115.92 579.603 to 3\1/2\.................... 59.70 89.55 119.40 597.003\1/2\ to 4.................... 61.49 92.24 122.98 614.904 to 4\1/2\.................... 63.34 95.01 126.68 633.404\1/2\ to 5.................... 65.24 97.86 130.48 652.405 to 5\1/2\.................... 67.20 100.79 134.40 672.005\1/2\ to 6.................... 69.21 103.82 138.42 692.106 to 6\1/2\.................... 71.29 106.93 142.58 712.906\1/2\ to 7.................... 73.43 110.14 146.86 734.307 to 7\1/2\.................... 75.63 113.44 151.26 756.307\1/2\ to 8.................... 77.90 116.85 155.80 779.008 to 8\1/2\.................... 80.24 120.35 160.48 802.408\1/2\ to 9.................... 82.64 123.96 165.28 826.409 to 9\1/2\.................... 85.12 127.68 170.24 851.209\1/2\ to 10................... 87.68 131.51 175.36 876.8010 to 10\1/2\.................. 90.31 135.46 180.62 903.1010\1/2\ to 11.................. 93.01 139.52 186.02 930.1011 to 11\1/2\.................. 95.81 143.71 191.62 958.1011\1/2\ to 12.................. 98.68 148.02 197.36 986.8012 to 12\1/2\.................. 101.64 152.46 203.28 1,016.4012\1/2\ to 13.................. 104.69 157.03 209.38 1,046.9013 to 13\1/2\.................. 107.83 161.74 215.66 1,078.3013\1/2\ to 14.................. 111.06 166.60 222.12 1,110.6014 to 14\1/2\.................. 114.40 171.59 228.80 1,144.0014\1/2\ to 15.................. 117.83 176.74 235.66 1,178.3015 to 15\1/2\.................. 121.36 182.04 242.72 1,213.6015\1/2\ to 16.................. 125.00 187.51 250.00 1,250.0016 to 16\1/2\.................. 128.75 193.13 257.50 1,287.5016\1/2\ to 17.................. 132.62 198.93 265.24 1,326.2017 to 17\1/2\.................. 136.60 204.89 273.20 1,366.0017\1/2\ to 18.................. 140.69 211.04 281.38 1,406.9018 to 18\1/2\.................. 144.91 217.37 289.82 1,449.1018\1/2\ to 19.................. 149.26 223.89 298.52 1,492.6019 to 19\1/2\.................. 153.74 230.61 307.48 1,537.4019\1/2\ to 20.................. 158.35 237.53 316.70 1,583.5020 to 20\1/2\.................. 163.10 244.65 326.20 1,631.00------------------------------------------------------------------------
Table A--Table of Redemption Values Providing an Investment Yield of
6.50 Percent per Annum for Bonds Bearing Issue Dates Beginning Aug. 1,
1979
Note: This table shows how Individual Retirement Bonds bearing issue
dates on or after August 1, 1979, by denomination, increase in
redemption value during the successive half-year periods following
issue. The redemption values provide an investment yield of
approximately 6.50 percent per annum, compounded semiannually, on the
purchase price from issue date to the beginning of each half-year
period. No increase in redemption value is shown, however, until 1 year
after issue date since no interest may be paid on bonds redeemed before
that time. The period to maturity is fixed in accordance with the
provisions of Sec. 346.1(b) of this circular.------------------------------------------------------------------------
Issue price
----------------------------------------
Redemption values during each half-yearPeriod after issue date (years) period (values increase on first day of
period shown)
----------------------------------------
$50 $75 $100 $500------------------------------------------------------------------------1st............................ $50.00 $75.00 $100.00 $500.001 to 1\1/2\.................... 53.30 79.95 106.60 533.001\1/2\ to 2.................... 55.04 82.56 110.08 550.402 to 2\1/2\.................... 56.82 85.23 113.64 568.202\1/2\ to 3.................... 58.68 88.02 117.36 586.803 to 3\1/2\.................... 60.58 90.87 121.16 605.803\1/2\ to 4.................... 62.54 93.81 125.08 625.404 to 4\1/2\.................... 64.58 96.87 129.16 645.804\1/2\ to 5.................... 66.68 100.02 133.36 666.805 to 5\1/2\.................... 68.84 103.26 137.68 688.405\1/2\ to 6.................... 71.08 106.62 142.16 710.806 to 6\1/2\.................... 73.40 110.10 146.80 734.006\1/2\ to 7.................... 75.78 113.67 151.56 757.807 to 7\1/2\.................... 78.24 117.36 156.48 782.407\1/2\ to 8.................... 80.78 121.17 161.56 807.808 to 8\1/2\.................... 83.40 125.10 166.80 834.008\1/2\ to 9.................... 86.12 129.18 172.24 861.209 to 9\1/2\.................... 88.92 133.38 177.84 889.209\1/2\ to 10................... 91.80 137.70 183.60 918.0010 to 10\1/2\.................. 94.80 142.20 189.60 948.0010\1/2\ to 11.................. 97.88 146.82 195.76 978.8011 to 11\1/2\.................. 101.06 151.59 202.12 1,010.6011\1/2\ to 12.................. 104.34 156.51 208.68 1,043.4012 to 12\1/2\.................. 107.72 161.58 215.44 1,077.2012\1/2\ to 13.................. 111.22 166.83 222.44 1,112.2013 to 13\1/2\.................. 114.84 172.26 229.68 1,148.4013\1/2\ to 14.................. 118.58 177.87 237.16 1,185.8014 to 14\1/2\.................. 122.44 183.66 244.88 1,224.4014\1/2\ to 15.................. 126.42 189.63 252.84 1,264.2015 to 15\1/2\.................. 130.52 195.78 261.04 1,305.2015\1/2\ to 16.................. 134.76 202.14 269.52 1,347.6016 to 16\1/2\.................. 139.14 208.71 278.28 1,391.4016\1/2\ to 17.................. 143.66 215.49 287.32 1,436.6017 to 17\1/2\.................. 148.34 222.51 296.68 1,483.4017\1/2\ to 18.................. 153.16 229.74 306.32 1,531.6018 to 18\1/2\.................. 158.12 237.18 316.24 1,581.2018\1/2\ to 19.................. 163.26 244.89 326.52 1,632.6019 to 19\1/2\.................. 168.58 252.87 337.16 1,685.8019\1/2\ to 20.................. 174.06 261.09 348.12 1,740.6020 to 20\1/2\.................. 179.72 269.58 359.44 1,797.20------------------------------------------------------------------------
Table B--Table of Redemption Values Providing an Investment Yield of
8.00 Percent Per Annum for Bonds Bearing Issue Dates Beginning November
1, 1980
Note: This table shows how Individual Retirement Bonds bearing issue
dates on or after November 1, 1980, by denomination, increase in
redemption value during the successive half-year periods following
issue. The redemption values provide an investment yield of
approximately 8.00 percent per annum, compounded semiannually, on the
purchase price from issue date to the beginning of each half-year
period. No increase in redemption value is shown, however, until 1 year
after issue date since no interest may be paid on bonds redeemed before
that time. The period to maturity is fixed in accordance with the
provisions of Sec. 346.1(b) of this circular.------------------------------------------------------------------------
Issue price
----------------------------------------
Redemption values during each half-yearPeriod after issue date (years) period (values increase on first day of
period shown)
----------------------------------------
$50.00 $75.00 $100.00 $500.00------------------------------------------------------------------------First half year................ $50.00 $75.00 $100.00 $500.001.0 to 1.5..................... 54.08 81.12 108.16 540.801.5 to 2.0..................... 56.24 84.36 112.48 562.402.0 to 2.5..................... 58.50 87.75 117.00 585.002.5 to 3.0..................... 60.84 91.26 121.68 608.403.0 to 3.5..................... 63.26 94.89 126.52 632.603.5 to 4.0..................... 65.80 98.70 131.60 658.004.0 to 4.5..................... 68.42 102.63 136.84 684.204.5 to 5.0..................... 71.16 106.74 142.32 711.605.0 to 5.5..................... 74.02 111.03 148.04 740.205.5 to 6.0..................... 76.98 115.47 153.96 769.806.0 to 6.5..................... 80.06 120.09 160.12 800.606.5 to 7.0..................... 83.26 124.89 166.52 832.607.0 to 7.5..................... 86.58 129.87 173.16 865.807.5 to 8.0..................... 90.04 135.06 180.08 900.408.0 to 8.5..................... 93.64 140.46 187.28 936.408.5 to 9.0..................... 97.40 146.10 194.80 974.009.0 to 9.5..................... 101.30 151.95 202.60 1,013.009.5 to 10.0.................... 105.34 158.01 210.68 1,053.4010.0 to 10.5................... 109.56 164.34 219.12 1,095.6010.5 to 11.0................... 113.94 170.91 227.88 1,139.4011.0 to 11.5................... 118.50 177.75 237.00 1,185.0011.5 to 12.0................... 123.24 184.86 246.48 1,232.4012.0 to 12.5................... 128.16 192.24 256.32 1,281.6012.5 to 13.0................... 133.30 199.95 266.60 1,333.0013.0 to 13.5................... 138.62 207.93 277.24 1,386.2013.5 to 14.0................... 144.16 216.24 288.32 1,441.6014.0 to 14.5................... 149.94 224.91 299.88 1,499.4014.5 to 15.0................... 155.94 233.91 311.88 1,559.4015.0 to 15.5................... 162.16 243.24 324.32 1,621.6015.5 to 16.0................... 168.66 252.99 337.32 1,686.6016.0 to 16.5................... 175.40 263.10 350.80 1,754.0016.5 to 17.0................... 182.42 273.63 364.84 1,824.2017.0 to 17.5................... 189.72 284.58 379.44 1,897.2017.5 to 18.0................... 197.30 295.95 394.60 1,973.0018.0 to 18.5................... 205.20 307.80 410.40 2,052.0018.5 to 19.0................... 213.40 320.10 426.80 2,134.0019.0 to 19.5................... 221.94 332.91 443.88 2,219.4019.5 to 20.0................... 230.82 346.23 461.64 2,308.2020.0 to 20.5................... 240.06 360.09 480.12 2,400.60------------------------------------------------------------------------
Table C--Table of Redemption Values Providing an Investment Yield of
9.00 Percent Per Annum for Bonds Bearing Issue Dates Beginning October
1, 1981
Note: This table shows how Individual Retirement Bonds bearing issue
dates on or after October 1, 1981, by denomination, increase in
redemption value during the successive half-year periods following
issue. The redemption values provide an investment yield of
approximately 9.00 percent per annum, compounded semiannually, on the
purchase price from issue date to the beginning of each half-year
period. No increase in redemption value is shown, however, until 1 year
after issue date since no interest may be paid on bonds redeemed before
that time. The period to maturity is fixed in acordance with the
provisions of Sec. 346.1(b) of this circular.------------------------------------------------------------------------
Issue price
----------------------------------------
Redemption values during each half-yearPeriod after issue date (years) period (values increase on first day of
period shown)
----------------------------------------
$50.00 $75.00 $100.00 $500.00------------------------------------------------------------------------First half..................... $50.00 $75.00 $100.00 $500.001.0 to 1.5..................... 54.60 81.90 109.20 546.001.5 to 2.0..................... 57.06 85.59 114.12 570.602.0 to 2.5..................... 59.62 89.43 119.24 596.202.5 to 3.0..................... 62.30 93.45 124.60 623.003.0 to 3.5..................... 65.12 97.68 130.24 651.203.5 to 4.0..................... 68.04 102.06 136.08 680.404.0 to 4.5..................... 71.10 106.65 142.20 711.004.5 to 5.0..................... 74.30 111.45 148.60 743.005.0 to 5.5..................... 77.64 116.46 155.28 776.405.5 to 6.0..................... 81.14 121.71 162.28 811.406.0 to 6.5..................... 84.80 127.20 169.60 848.006.5 to 7.0..................... 88.60 132.90 177.20 886.007.0 to 7.5..................... 92.60 138.90 185.20 926.007.5 to 8.0..................... 96.76 145.14 193.52 967.608.0 to 8.5..................... 101.12 151.68 202.24 1,011.208.5 to 9.0..................... 105.66 158.49 211.32 1,056.609.0 to 9.5..................... 110.42 165.63 220.84 1,104.209.5 to 10.0.................... 115.40 173.10 230.80 1,154.0010.0 to 10.5................... 120.58 180.87 241.16 1,205.8010.5 to 11.0................... 126.02 189.03 252.04 1,260.2011.0 to 11.5................... 131.68 197.52 263.36 1,316.8011.5 to 12.0................... 137.60 206.40 275.20 1,376.0012.0 to 12.5................... 143.80 215.70 287.60 1,438.0012.5 to 13.0................... 150.28 225.42 300.56 1,502.8013.0 to 13.5................... 157.04 235.56 314.08 1,570.4013.5 to 14.0................... 164.10 246.15 328.20 1,641.0014.0 to 14.5................... 171.48 257.22 342.96 1,714.8014.5 to 15.0................... 179.20 268.80 358.40 1,792.0015.0 to 15.5................... 187.26 280.89 374.52 1,872.6015.5 to 16.0................... 195.70 293.55 391.40 1,957.0016.0 to 16.5................... 204.50 306.75 409.00 2,045.0016.5 to 17.0................... 213.70 320.55 427.40 2,137.0017.0 to 17.5................... 223.32 334.98 446.64 2,233.2017.5 to 18.0................... 233.36 350.04 466.72 2,333.6018.0 to 18.5................... 243.86 365.79 487.72 2,438.6018.5 to 19.0................... 254.84 382.26 509.68 2,548.4019.0 to 19.5................... 266.32 399.48 532.64 2,663.2019.5 to 20.0................... 278.30 417.45 556.60 2,783.0020.0 to 20.5................... 290.82 436.23 581.64 2,908.20------------------------------------------------------------------------ (26 U.S.C. 220, and 31 U.S.C. 757; 40 Stat. 288, 48 Stat. 343, as amended; 31 U.S.C. 752, 7546; 5 U.S.C. 301) [40 FR 4240, Jan. 28, 1975, as amended at 42 FR 37521, July 21, 1977; 45 FR 53397, Aug. 11, 1980; 45 FR 55178, Aug. 19, 1980; 46 FR 60577, Dec. 11, 1981]