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THE ROLE OF SAVINGS BONDS IN DEBT FINANCE
THE MARKET FOR SAVINGS BONDS
SAVINGS BONDS PROGRAM COSTS
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accrued interest Ad Council administrative costs Advertising Council average billion in l946 bonds issued cash drain Chart CM CM competing instruments current-income debt management declined EE bonds EE savings bonds EE/E exchange face value Federal debt Federal income tax Federal Reserve banks financial institutions fiscal year l979 funds H bonds investment issue date issue price January l980 June market rates marketable bonds marketable debt minimum denominations months from issue October l980 offered outstanding savings bonds passbook payroll deduction Payroll Savings Plan percent promotion public debt rate on savings rates of interest relatively savings bond rate savings bonds advertising Savings Bonds Division savings bonds investors savings bonds outstanding Savings Bonds Program Savings Notes Series E bonds Series H six months small denomination small savers sold substantially tax deferral three month bill Treasury bills Treasury marketable securities Treasury notes Treasury securities Treasury's U.S. Savings Bonds yield