# What amount of book-entry Series EE and Series I savings bonds may I purchase in one year?
**AGENCY:**
Bureau of the Public Debt, Fiscal Service, Treasury.
**ACTION:**
Final rule.
**SUMMARY:**
This rule lowers the annual purchase limitation per person for Series EE and Series I savings bonds, and eliminates the definitive $10,000 denomination for Series I savings bonds.
**DATES:**
Effective: January 1, 2008.
**ADDRESSES:**
You can download this final rule at the following Internet addresses: *http://www.publicdebt.treas.gov* or *http://www.gpoaccess.gov/ecfr.*
**FOR FURTHER INFORMATION CONTACT:**
Elisha Whipkey, Director, Division of Program Administration, Office of Securities Operations, Bureau of the Public Debt, at (304) 480-6319 or *[email protected].*
Susan Sharp, Attorney-Adviser, Dean Adams, Assistant Chief Counsel, Edward Gronseth, Deputy Chief Counsel, Office of the Chief Counsel, Bureau of the Public Debt, at (304) 480-8692 or *[email protected].*
**SUPPLEMENTARY INFORMATION:**
This rule lowers the annual purchase limitation for Series EE and Series I savings bonds. Prior to this rule, an investor could purchase $30,000 each of definitive and book-entry Series EE savings bonds and $30,000 each of definitive and book-entry Series I savings bonds per person, per calendar year. This rule will permit an investor to purchase a principal amount of $5,000 each of definitive and book-entry Series EE savings bonds and $5,000 each of definitive and book-entry Series I savings bonds per person, per calendar year. As a result of the change in the annual purchase limitation, we are withdrawing the $10,000 Series I definitive savings bond denomination on original issue.
The change will permit Treasury to continue to offer savings options for investors with limited means and market opportunities, while encouraging those with greater financial resources to participate in marketable Treasury securities auctions, which are a more efficient means for Treasury to issue debt. Both savings bonds and marketable securities are offered to individuals through TreasuryDirect, which is an internet-accessed, book-entry system for purchasing, holding, and conducting transactions in Treasury securities. Reducing the cap on yearly purchases will not affect the vast majority of current savings bond purchasers, approximately 98 percent of whom buy less than $5,000, our new cap, annually.
**Procedural Requirements**
This final rule does not meet the criteria for a “significant regulatory action” as defined in Executive Order 12866. Therefore, a regulatory assessment is not required.
Because this final rule relates to matters of public contract and procedures for United States securities, notice and public procedure and delayed effective date requirements are inapplicable, pursuant to 5 U.S.C. 553(a)(2).
As no notice of proposed rulemaking is required, the Regulatory Flexibility Act (5 U.S.C. 601 *et seq.* ) does not apply.
We ask for no new collections of information in this final rule. Therefore, the Paperwork Reduction Act (44 U.S.C. 3507) does not apply.
**List of Subjects**
Bonds, Federal Reserve system, Government securities.
Banks and banking, Government securities, Federal Reserve system.
Bonds, Federal Reserve system, Government securities, Securities.
Bonds, Federal Reserve system, Government securities, Securities.
Bonds, Electronic funds transfer, Federal Reserve system, Government securities, Securities.
**31 CFR Part 351**
Accordingly, for the reasons set out in the preamble, 31 CFR Chapter II, Subchapter B, is amended as follows:
**PART 351—OFFERING OF UNITED STATES SAVINGS BONDS, SERIES EE**
1. The authority citation for Part 351 continues to read as follows:
**Authority:**
5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.
**31 CFR Part 351**
2. Amend § 351.44 by revising the first sentence to read as follows:
§ 351.44
The principal amount of definitive Series EE savings bonds that may be purchased in the name and TIN of any person in any calendar year is limited to $5,000.
**31 CFR Part 351**
3. Revise § 351.65 to read as follows:
§ 351.65
The principal amount of book-entry Series EE savings bonds that you may acquire in your name and TIN per calendar year is limited to $5,000.
**31 CFR Part 353**
**PART 353—REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS BONDS, SERIES EE AND HH**
4. The authority citation for Part 353 continues to read as follows:
**Authority:**
5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105, 3125.
**31 CFR Part 353**
5. Revise the heading for Part 353 to read as set forth above.
**31 CFR Part 353**
6. Amend § 353.10 by revising paragraph (a)(1) to read as follows:
§ 353.10
(a) *Series EE* —(1) * General annual limitation* . $5,000 (principal amount).
**31 CFR Part 359**
**PART 359—OFFERING OF UNITED STATES SAVINGS BONDS, SERIES I**
7. The authority citation for part 359 continues to read as follows:
**Authority:**
5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.
**31 CFR Part 359**
8. Revise the first sentence of § 359.25 to read as follows:
§ 359.25
Definitive Series I saving bonds are issued in denominations of $50, $75, $100, $200, $500, $1,000, and $5,000. * * *
**31 CFR Part 359**
9. Revise § 359.29 to read as follows:
§ 359.29
The principal amount of definitive Series I savings bonds that may be purchased in the name and TIN of any person in any calendar year is limited to $5,000.
**31 CFR Part 359**
10. Revise § 359.50 to read as follows:
§ 359.50
The principal amount of book-entry Series I savings bonds that you may acquire in your name and TIN in any calendar year is limited to $5,000.
**31 CFR Part 360**
**PART 360—REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS BONDS, SERIES I**
11. The authority citation for Part 360 continues to read as follows:
**Authority:**
5 U.S.C. 301; 31 U.S.C. 3105 and 3125.
**31 CFR Part 360**
12. Amend § 360.10 by revising paragraph (a) to read as follows:
§ 360.10
(a) General annual limitation, $5,000 (par value).
**31 CFR Part 363**
**PART 363—REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT**
13. The authority citation for part 363 continues to read as follows:
**Authority:**
5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3102, *et seq.* ; 31 U.S.C. 3121, *et seq.*
**31 CFR Part 363**
14. Amend § 363.52 by revising the heading and paragraph (a) to read as follows:
§ 363.52
(a) *Purchase limitation* . The amount of book-entry savings bonds that you may purchase in any calendar year is limited to $5,000 for Series EE savings bonds and $5,000 for Series I savings bonds.
Dated: August 16, 2007.
Kenneth E. Carfine,
Fiscal Assistant Secretary.