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Show Page HILL TOP TIMES 10 June 10, 1977 Coil!!! Say i ims Bon Millions of Americans own U.S. Savings Bonds, including your neighbors and ours. By enrolling in the Payroll Savings, they allow their savings to accumulate automatically, as a reserve for emergencies, or for special occasions and purposes anniversaries, education, retirement, wedding, babies, 1 M ! III r Ill ! II III - hi - - : mr r,w,---. -- -- ;.-- ,t m ;TT vacations. Now and then, Savings Bond owners raise questions about their holdings. Here are some of the most frequently asked questions. . . and the answers Q..I have been buying Savings Bonds since they first came out in 1941. How can I determine the amount of interest they have earned? A. Bond tellers at banks and many savings and loan associations are willing to assist you. However, you can obtain "Tables of Redemption Values," which show current values of any Series E bonds you own. The tables are issued every six months, covering the periods January through June and July through December. Send 60 cents in cash to Superintendent of documents, U.S. Government Printing Office, Washington, D.C. 20402. Of, if you wish, send $2.20 and request a two-yesubscription (four issues). - ar Q..I own a number of Series E Bonds, bought from the 40's through this year. Would it be to my advantage to cash the older Bonds and put the money into current-issu- e E bonds, which now pay six percent interest, when held to maturity? A. No, for two good reasons. First, the rate you mentioned applies to all E bonds held to maturity or beyond. It works this way. Series E Bonds purchased on or after 1 December 1973, when held to maturity of five years, earn six percent annual interest, from date of issue to date of maturity. Your older E bonds received a percent increase in yield for interest periods; beginning on or after 1 December 1973. There's another good reason not to redeem Bonds in this category. If you cashed in your older Bonds, you'd be required to report the gain in value on your federal income-ta- x return for the year you redeemed them, thus reducing the amount available for purchase of newer Bonds. The increase is an incentive to retain your Bonds. -- semi-annu- A. U.S. Savings Bonds which is the first day of the month in which they are purchased. Below the issue date is a space for the issuing agent's yed. dating stamp which shows the actual date -1 This latter date has no effect on intep .. waiting period for redemption. Thus, if Bond on August 31, 1974, it would bear the issue (iiteoT'August 1974, while the agent's dating stamp would read August 31, 1974. Your interest would accrue from August 1 and, if necessary, the Bond could be redeemed as early as October 1, - ' t-"- .gs yoL-JrgT- al a penny has ever been lost by the owners. earn interest from their "issue date," 1974. Q..What are the Aew benefits in this year's U.S. Savings Bonds program? Average dating permits the purchase of a $50 (or larger) denomination bond without loss of interest during the ac cumulation of the purchase price ($37.50)0. Average dating is new. Early yield. A bond bearing the issue date of September 1, 1976, or thereafter, beginning fn the third month from such issue date, will increase in redemption value no less than four per centum per annum, compounded Thereafter, its redemption value will increase at the beginning r of each periid. In five years the average rate will be six per centum per annum, compounded Tax advantages. Tax deferral benefits increase the six percent yield to 8, 9, 10 or 11 percent depending upon your taxable income. Example: $12,000 taxable income tax deferral can provide 8.92 percent equivalent. semi-annuall- Q..I've been told that U.S. Savings Bonds are "indestructible." What does that mean? A. U.S. Savings Bonds are registered securities. If a bond is lost, stolen, damaged or destroyed, it will be replaced by the Treasury, at no cost, via Parkersburg Office of its Bureau of the Public Debt. Over the years, fires, storms, thefts and freak accidents have taken a large toll of U.S. Savings Bonds, but not Q.. There are two widely separate dates stamped or types on the face of my Savings Bonds. How can I determine when they started to earn interest? y. half-yea- semi-annuall- y. Accumulated Value of E Bonds At End of: 1977 U.S. SAVINGS BONDS PROGRESS (Years and Months) REPORT HILL AFB NR PRS 'BUYERS AFLCALC 14,826 11,720 Z PART 79 NEW BUYERS 361 $18.75 1977 AS OF 2 JUNE TOTAL MAJCOflORG BUYERS Z PART 12,081 81 0 6 10 - 225 TAC388TH 187 466 1,711 83 6 193 85 27 44 510 30 AFCS1881ST 261 126 48 10 136 52 AFSC6514TH 335 120 36 1 121 36 ADC4754TH MACDET 187 4,6,8 OTHER TOTAL INITIAL 80 43 14 50 94 111 34 18 3 37 33 128 78 61 5 83 65 17,784 12,811 72 444 75 13,255 0 471.92 6 3 0 3 6 597.41 724.82 855.68 4 4 0 990.20 6 5 0 5 6 1,128.72 1,272.27 1,424.23 1,580.76 1,741.95 1,908.01 77- (sfT iStefeflfrl A SPECiflU MESSA&B FOR fJ J?M Bfrf If6 BOWD5 FOR COWOfc. TOU SHOULD BUY VfK l FOR ) RTU25MEtfT ) 0 -6 8 6 0 6 0 6 9 9 H- -0 6 1- 2- 0 26 30 36 40 11 yes. 6 0 10 fepso - 0 8 10 AiiC 230.20 2 2 6 mm Mlttifflffl J 113.77 349.57 6- REPORT $ 6 1- AFRES508TH Value of Bonds Through Monthly Investment of: 4- --- -6 2,079.02 2,255.16 2,436.60 2,623.47 2,815.95 3,014.22 ..3,218.45 3,428.78 3,645.44 $37.50 $ 227.54 460.40 699.14 943.84 1,194.82 1,449.64 1,711.36 1,980.40 2,257.44 2,544.54 2,848.46 3,161.52 1,048.71 1,415.76 1,792.23 2,174.46 2,567.04 2,970.60 3,386.16 3,816.81 4,272.69 4,742.28 5,225.85 5,724.03 4,158.04 4,510.32 4,873.20 6,237.06 6,765.48 7,309.80 5,246.94 5,631.90 7,870.41 8,447.85 6,028.44 9,042.66 6,436.90 6,857.56 4,579.06 9,158.12 4,830.21 9,660.42 10,177.80 5,088.90 341.31 690.60 3,816.02 4,335.21 4,098.47 $ 3,483.90 7,290.88 7,737.22 8,196.94 8,670.42 3,868.61 $56.25 1)2 . 9,655.35 10,286.34 10,936.32 11,605.83 12,295.41 13,005.63 13,737.18 14,490.63 15,266.70 16,066.08 $75.00 455.08 920.80 1,398.28 1,887.68 2,389.64 2,899.28 3,422.72 3,960.80 4,514.88 5,089.08 5,696.92 6,323.04 6,967.80 7,632.04 8,316.08 9,020.64 9,746.40 10,493.88 11,263.80 12,056.88 12,873.80 $ 13,715.1 14,581.76 15,474.44 16,393.88 17,340.84 18,316.24 19,320.84 20,355.60 21,421.44 |