Savings Bond Sales Hits Three-Year High: The...
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From Times Staff and Wire Reports
Savings Bond Sales Hits Three-Year High: The Treasury said the sale of U.S. savings bonds hit a three-year high of $7.77 billion in the year ending Sept. 30. Boosting the total were sales of $544 million in September, a 3% advance over a year ago. At the same time, redemptions in fiscal 1990 totaled $7.54 billion, a 1% drop from 1989. The value of savings bonds held by Americans rose 7% during the year, finishing at an all-time record $123.9 billion, up from $115.7 billion in 1989.
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