XN000022-1987-04-07 — Page 5

TUESDAY, APRIL 7, 1987

3.36%

4.32%

4.08%

3.36%

2.52%

3.00%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER SEPTEMBER 4, 1985 AND BEFORE APRIL 3, 1986;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 3, 1986 AND BEFORE MAY 14, 1986;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 14, 1986 AND BEFORE AUGUST 19, 1986;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 19, 1986 AND BEFORE JANUARY 19, 1987;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JANUARY 19, 1987 AND BEFORE MARCH 4, 1987

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MARCH 4, 1987 AND BEFORE APRIL 9, 1987, BUT ALWAYS SUBJECT TO THE GENERAL RULE THAT INTEREST CEASES TO ACCRUE AFTER 36 COMPLETED MONTHS WITHOUT SURRENDER FOR PAYMENT OF TAX.

EXAMPLE

1987,

$1 000 CERTIFICATES PURCHASED ON APRIL 9 MAY 9, 1987 AND JUNE 9, 1987 RESPECTIVELY, SURRENDER IN PAYMENT OF TAX DUE ON JULY 8, 1987 WILL HAVE INTEREST CALCULATED AS FOLLOW:

ON $1 000, APRIL 9, 1987 TO JULY 8, 1987 3 COMPLETE MONTHS AT $2.80 PER MONTH

$ 8.40

ON $1 000, MAY 9, 1987 TO JULY 8, 1987 2 COMPLETE MONTHS AT $2.80 PER MONTH

$ 5.60

ON $1 000, JUNE 9, 1987 TO JULY 8, 1987 1 COMPLETE MONTH AT $2.80 PER MONTH

$ 2.80

$16.80

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