
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, November 2, 1994                   TAG: 9411020053
SECTION: BUSINESS                    PAGE: B-7   EDITION: METRO 
SOURCE: Associated Press
DATELINE: WASHINGTON                                LENGTH: Short

TREASURY RAISES INTEREST FOR U.S. SAVINGS BONDS

The interest rate on U.S. savings bonds for the next six months will be 5.92 percent, up from 4.7 percent.

The rate, adjusted twice a year for market conditions, will be in effect through April 30 for Series EE bonds, the Treasury Department said Tuesday.

Bonds purchased since Nov.1, 1982, and held at least five years earn either the average of semiannual rates during the holding period or the minimum rate in effect at the time they were purchased, whichever is higher.

Bonds issued between Nov.1, 1982, and Oct.31, 1986, have a minimum rate of 7.5 percent through their 10-year original maturity.

Bonds issued from Nov.1, 1986, through February 1993 have a minimum rate of 6 percent through their 12-year maturity. Bonds issued since March 1993 have a minimum rate of 4 percent.

The new 5.92 percent rate equals 85 percent of the average market yield during the past six months on marketable Treasury securities with five years remaining to maturity.

by CNB