31 CFR § 321.12 - Redemption value of securities.

---
identifier: "/us/cfr/t31/s321.12"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 321.12 - Redemption value of securities."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "321.12"
section_name: "Redemption value of securities."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "321"
part_name: "PAYMENTS BY BANKS AND OTHER FINANCIAL INSTITUTIONS OF DEFINITIVE UNITED STATES SAVINGS BONDS AND UNITED STATES SAVINGS NOTES (FREEDOM SHARES)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 321; 31 U.S.C. 3105, 3126."
regulatory_source: "53 FR 37511, Sept. 26, 1988, unless otherwise noted."
cfr_part: "321"
---


# 321.12 Redemption value of securities.

The redemption value of each savings security is determined by the terms of its offering and the length of time it has been outstanding. The Bureau of the Fiscal Service determines redemption values for Series A-E bonds, eligible Series EE and I bonds, and savings notes, that should be used in redeeming savings securities.

[63 FR 38042, July 14, 1998]