XN000022-1987-12-01 — Page 7

4.32 PER CENT

4.08 PER CENT

3.36 PER CENT

2.52 PER CENT

3.00 PER CENT

3.36 PER CENT

3.84 PER CENT

4.32 PER CENT

5.28 PER CENT

TUESDAY, DECEMBER 1, 1987

PER ANNUM FOR CERTIFICATES 199UED ON OR APRIL 3, 1986 AND BEFORE MAY 14, 1986;

AFTER

OR AFTER

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

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

OR AFTER

OR AFTER

OR AFTER

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

PER ANNUM FOR CERTIFICATES ISSUED ON MARCH 4, 1987 AND BEFORE APRIL 9, 1987;

PER ANNUM FOR CERTIFICATES ISSUED ON APRIL 9, 1987 AND BEFORE JUNE 4, 1987;

PER ANNUM FOR CERTIFICATES ISSUED ON JUNE 4, 1987 AND BEFORE JUNE 24, 1987;

PER ANNUM FOR CERTIFICATES ISSUED ON JUNE 24, 1987 AND BEFORE OCTOBER 14,

OR AFTER

OR

OR 1987;

AFTER

AFTER

OR AFTER

PER ANNUM FOR CERTIFICATES ISSUED ON OCTOBER 14, 1987 AND BEFORE OCTOBER 28, 1987;

4.32 PER CENT

PER ANNUM FOR CERTIFICATES ISSUED ON OCTOBER 28, 1987 AND BEFORE OCTOBER AND

OR AFTER 30,

1987;

OR

AFTER

3.24 PER CENT

PER ANNUM FOR CERTIFICATES ISSUED ON OCTOBER 30, 1987 AND BEFORE DECEMBER 2, 1987,

BUT ALWAYS SUBJECT TO THE GENERAL RULE THAT INTEREST CEASES TO AFTER 36 COMPLETE MONTHS WITHOUT SURRENDER FOR PAYMENT OF TAX.

EXAMPLE:

ACCRUE

DECEMBER 2, 1987, 1988 RESPECTIVELY, ON MARCH

1988

$1,000 CERTIFICATES PURCHASED ON JANUARY 2, 1988 AND FEBRUARY 2, DUE SURRENDER IN PAYMENT OF TAX WILL HAVE INTEREST CALCULATED AS FOLLOWS

ON $1,000, DECEMBER 2, 1987 TO MARCH 1, 1988 3 COMPLETE MONTHS AT $2.50 PER MONTH

1.

= 7.50

ON $1,000, JANUARY 2, 1988 TO MARCH 1, 1988 2 COMPLETE MONTHS AT $2.50 PER MONTH

= 5,00

ON $1,000, FEBRUARY 2, 1988 TO MARCH 1, 1988 1 COMPLETE MONTH AT $2.50 PER MONTH

= 2.50

*

17

$15.00