The amount of savings bonds of Series I which may be purchased and held, in the name of any one person in any one calendar year, is computed according to the provisions of Sec. 360.11 and is limited as follows:
(a) General annual limitation, $5,000 (par value).
(b) Special limitation, $4,000 (par value) multiplied by the highest number of employees participating in an eligible employee plan, as defined in Sec. 360.13, at any time during the calendar year in which the bonds are issued. [63 FR 38049, July 14, 1998, as amended at 72 FR 67854, Dec. 3, 2007]