Fiscal Service November 4, 2008 – Federal Register Recent Federal Regulation Documents

Offering of United States Savings Bonds, Series I
Document Number: E8-26173
Type: Rule
Date: 2008-11-04
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
A Series I savings bond accrues interest based on both a fixed rate of return and a semiannual inflation rate. A single, annual interest rate called the composite rate reflects the combined effects of the fixed rate and the semiannual inflation rate. This amendment clarifies that the fixed rate of return and the composite rate will always be greater than or equal to 0%. This amendment is for clarification purposes only and makes no substantive change to the existing regulations.