XN000022-1988-07-26 — Page 17

2.76%

16

TUESDAY, JULY 26, 1988

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

ON OR AFTER

3.36%

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

OR

AFTER

4.32%

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

ON

OR

AFTER

4.8%

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

AFTER

5.28%

PER ANNUM FOR CERTIFICATES ISSUED ON OR JUNE 29, 1988 AND BEFORE JULY 27, 1988.

AFTER

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

EXAMPLE:

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

ON $1,000, JULY 30, 1988 TO OCTOBER 29, 1988 3 COMPLETE MONTHS AT $4.80 PER MONTH

= $14. 40

ON $1,000, AUGUST 30, 1988 TO OCTOBER 29, 1988 2 COMPLETE MONTHS AT $4.80 PER MONTH

9.60

ON $1,000, SEPTEMBER 30, 1988 TO OCTOBER 29, 1988 1 COMPLETE MONTH AT $4.80 PER MONTH

1

/17

= $ 4.80

$28.80