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Electronic Code of Federal Regulations

e-CFR data is current as of June 4, 2020

Title 31Subtitle BChapter IISubchapter APart 359 → Appendix


Title 31: Money and Finance: Treasury
PART 359—OFFERING OF UNITED STATES SAVINGS BONDS, SERIES I


Appendix B to Part 359—Composite Semiannual Rate Period Table

1. What months make up the composite semiannual rate period?

You may use the following table to find when a bond's semiannual rate period begins and when we'll announce the rate that applies during each period.

If your Bond has an issue date of— Then its semiannual rate period begins— We announce the rate that applies during a rate period in—
JanuaryJanuary 1November 1 (of the previous year).
   July 1May 1.
FebruaryFebruary 1November 1 (of the previous year).
   August 1May 1.
MarchMarch 1November 1 (of the previous year).
   September 1May 1.
AprilApril 1November 1 (of the previous year).
   October 1May 1.
MayMay 1May 1.
   November 1November 1.
JuneJune 1May 1.
   December 1November 1.
JulyJuly 1May 1.
   January 1November 1 (of the previous year).
AugustAugust 1May 1.
   February 1November 1 (of the previous year).
SeptemberSeptember 1May 1
   March 1November 1 (of the previous year).
OctoberOctober 1May 1.
   April 1November 1 (of the previous year).
NovemberNovember 1November 1.
   May 1May 1.
DecemberDecember 1November 1.
   June 1May 1.

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