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U.S. Lags in Savings Bond Sales and Redemptions
Treasury data show yearly net outflows as redemptions exceed new bond purchases for E and H series bonds. In 1966 sales reached 4.86 billion while redemptions totaled 5.48 billion, with total savings bonds outstanding over 31 billion. Officials cite advantages for savers and treasury, including interest accrual, safety, tax benefits, and easy access to cash, despite persistent net outflow. Florida leads redemptions due to many retirees.
MENTIONED IN THIS ARTICLE
Treasury
Henry H. Fowler
U.S. Industrial Bond Committee
Department
Fowler
Florida