XN000022-1988-06-28 — Page 5

TUESDAY, JUNE 28, 1988

3.00 PER CENT

2.04 PER CENT

2.76 PER CENT

3.36 PER CENT

4.32 PER CENT

4.8 PER CENT

PER ANNUM FOR CERTIFICATES ISSUED ON OR DECEMBER 2, 1987 AND BEFORE DECEMBER 9,

AFTER 1987;

AFTER

PER ANNUM FOR CERTIFICATES ISSUED ON OR DECEMBER 9, 1987 AND BEFORE FEBRUARY 20, 1988;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER FEBRUARY 20, 1988 AND BEFORE APRIL 13, 1988;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 13, 1988 AND BEFORE MAY 11, 1988;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 11, 1988 AND BEFORE JUNE 16, 1988; AND

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JUNE 16, 1988 AND BEFORE JUNE 29, 1988;

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

EXAMPLE:

$1,000 CERTIFICATES PURCHASED ON JUNE 30, 1988, JULY 30, 1988 AND AUGUST 30, 1988 RESPECTIVELY, SURRENDERED IN PAYMENT OF TAX DUE ON SEPTEMBER 29, 1988 WILL HAVE INTEREST CALCULATED AS FOLLOWS

-

OF

ON $1,000, JUNE 30, 1988 TO SEPTEMBER 29, 1988 3 COMPLETE MONTHS AT $4.40 PER MONTH

ON $1,000, JULY 30, 1988 TO SEPTEMBER 29, 1988 2 COMPLETE MONTHS AT $4.10 PER MONTH

ON $1,000, AUGUST 30, 1988 TO SEPTEMBER 29, 1988 1 COMPLETE MONTH AT $4.40 PER MONTH

וו

$13.20

$ 8.80

$ 4.40

$26.40

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