§ 316.8 Extended terms and yields for outstanding bonds.
(a) General. The terms extended maturity period, second extended maturity period, third extended maturity period and fourth extended maturity period, when used herein, refer to periods of 10 years or less after the original maturity dates during which owners may retain their bonds and continue to earn interest. No special action is required to take advantage of any extensions heretofore or herein granted. Series E bonds cease to accrue interest upon reaching final maturity.
(b) Extended maturity periods—(1) Bonds issued from May 1, 1941 through April 1, 1952. Series E bonds with issue dates of May 1, 1941, through April 1, 1952, reached or will reach final maturity 40 years after their respective issue dates, as shown below.
| Issue dates—1st day of | Life of bonds yrs. | Final maturity dates—1st day of |
|---|
| May 1941–Apr. 1952 | 40 | May 1981–Apr. 1992. |
(2) Bonds issued from May 1, 1952 through November 1, 1965. Bonds with issue dates of May 1, 1952, through November 1, 1965, will receive an additional extension of maturity ranging from 4 months to 2 years and 3 months, as shown below, so that these bonds will reach final maturity 40 years after their respective issue dates.
| Issue dates—lst day of | Previous maturities | Previous maturity dates—1st day of |
|---|
| yrs. | mos. |
|---|
| May 1952–Jan. 1957 | 39 | 8 | Jan. 1992–Sept. 1996. |
| Feb. 1957–May 1959 | 38 | 11 | Jan. 1996–Apr. 1998. |
| Jun. 1959–Nov. 1965 | 37 | 9 | Mar. 1997–Aug. 2003. |
| Issue dates—1st day of | Additional extended maturity period | Life of bonds—yrs. |
|---|
| yrs. | mos. |
|---|
| May 1952–Jan. 1957 | | 4 | 40 |
| Feb. 1957–May 1959 | 1 | 1 | 40 |
| Jun. 1959–Nov. 1965 | 2 | 3 | 40. |
| Issue dates—1st day of | Final maturity dates—1st day of |
|---|
| May 1952–Jan. 1957 | May 1992–Jan. 1997. |
| Feb. 1957–May 1959 | Feb. 1997–May 1999. |
| Jun. 1959–Nov. 1965 | June. 1999–Nov. 2005. |
(3) Bonds issued from December 1, 1965 through June 1, 1980. Bonds with issue dates of December 1, 1965, through June 1, 1980, will receive an additional extension of maturity ranging from 3 years to 5 years, as shown below, so that these bonds will reach final maturity 30 years after their respective issue dates.
| Issue dates—1st day of | Previous maturities | Previous maturity dates—1st day of |
|---|
| yrs. | mos. |
|---|
| Dec. 1965–May 1969 | 27 | | Dec. 1992–May 1996. |
| June. 1969–Nov. 1973 | 25 | 10 | Apr. 1995–Sept. 1999. |
| Dec. 1973–Jun. 1980 | 25 | | Dec. 1998–Jun. 2005. |