XN000022-1991-05-28 — Page 15

6.36 PER CENT

6.84 PER CENT

7.32 PER CENT

ANNUM

14

FOR

CERTIFICATES

TUESDAY, MAY 28,

1991

OR AFTER

ON ISSUED : PER

AUGUST 17, 1988 AND BEFORE DECEMBER 7, 1988;

FOR

CERTIFICATES

ON OR : PER ANNUM

DECEMBER 7, 1988 AND BEFORE FEBRUARY 15, 1989;

FOR

CERTIFICATES

ISSUED

AFTER

OR

AFTER

ON ISSUED : PER ANNUM

FEBRUARY 15, 1989 AND BEFORE MARCH 8, 1989;

7.80 PER CENT

:

ANNUM

ISSUED ON OR PER

FOR MARCH 8, 1989 AND BEFORE MARCH 22, 1989;

CERTIFICATES

AFTER

8.28 PER CENT

PER

CERTIFICATES FOR ANNUM

ISSUED

ON OR

AFTER

MARCH 22, 1989 AND BEFORE JUNE 22, 1989;

7.80 PER CENT

:

FOR ANNUM

PER JUNE 22, 1989 AND BEFORE JULY 12, 1989;

CERTIFICATES

ISSUED

ON OR

AFTER

7.32 PER CENT

:

ANNUM

FOR

CERTIFICATES

ON

OR

AFTER

6.84 PER CENT

:

ISSUED PER JULY 12, 1989 AND BEFORE AUGUST 9, 1989;

ANNUM

FOR

CERTIFICATES

ON ISSUED PER AUGUST 9, 1989 AND BEFORE MARCH 7, 1990;

7,08 PER CENT

:

PER

8.04 PER CENT

7.56 PER CENT

ANNUM

FOR

CERTIFICATES

ON ISSUED MARCH 7, 1990 AND BEFORE APRIL 4, 1990;

CERTIFICATES

OR

AFTER

OR

AFTER

ON OR

AFTER

ISSUED FOR : PER ANNUM

APRIL 4, 1990 AND BEFORE AUGUST 15, 1990;

7.08 PER CENT

:

6.60 PER CENT

CERTIFICATES

ON ISSUED PER

FOR ANNUM AUGUST 15, 1990 AND BEFORE OCTOBER 24, 1990;

CERTIFICATES FOR

ISSUED ON

OR

AFTER

OR

AFTER

PER ANNUM OCTOBER 24, 1990 AND BEFORE JANUARY 30, 1991; AND

ON ISSUED ANNUM

CERTIFICATES PER

FOR JANUARY 30, 1991 AND BEFORE MAY 29, 1991.

OR AFTER

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

ACCRUE

EXAMPLE: $1,000 CERTIFICATES PURCHASED ON MAY 29, 1991,

JUNE 29, 1991 AND JULY 29, 1991 RESPECTIVELY, SURRENDER IN PAYMENT OF TAX DUR ON AUGUST 28, 1991 WILL HAVE INTEREST CALCULATED AS FOLLOWS:

ON $1,000, MAY 29, 1991 TO AUGUST 28, 1991 THREE COMPLETE MONTHS AT $6.30 PER MONTH

ON $1,000, JUNE 29, 1991 TO AUGUST 28, 1991 TWO COMPLETE MONTHS AT $6.30 PER MONTH

ON $1,000, JULY 29, 1991 TO AUGUST 28, 1991 ONE COMPLETE MONTH AT $6.30 PER MONTH

$18.90

= $12.60

/15

$6.30

$37.80