31 CFR § 360.11 - Computation of amount.
---
identifier: "/us/cfr/t31/s360.11"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 360.11 - Computation of amount."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "360.11"
section_name: "Computation of amount."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "360"
part_name: "REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS BONDS, SERIES I"
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; 31 U.S.C. 3105 and 3125."
regulatory_source: "63 FR 38049, July 14, 1998, unless otherwise noted."
cfr_part: "360"
---
# 360.11 Computation of amount.
(a) *General.* The purchases of bonds in the name of any person in an individual capacity are computed separately from purchases in a fiduciary capacity, e.g., as representative for the estate of an individual.
(b) *Bonds included in computation.* In computing the purchases for each person, the following outstanding bonds are included:
(1) All bonds registered in the name and bearing the taxpayer identifying number of that person alone;
(2) All bonds registered in the name of the representative of the estate of that person and bearing that person's taxpayer identifying number; and
(3) All bonds registered in the name of that person as coowner that also bear that person's taxpayer identifying number.
(c) *Bonds excluded from computation.* In computing the purchases for each person, the following are excluded:
(1) Bonds on which that person is named beneficiary;
(2) Bonds to which that person has become entitled—
(i) Under § 360.70 as surviving beneficiary upon the death of the registered owner;
(ii) As an heir or a legatee of the deceased owner;
(iii) By virtue of the termination of a trust or the happening of a similar event; and
(3) Bonds that are purchased and redeemed within the same calendar year.