Interest Rates and Issuing History
There were four issues of Liberty Bonds:
- Apr 24, 1917 Emergency Loan Act authorizes issue of $5 billion in bonds at 3.5 percent.
- Oct 1, 1917 Second Liberty Loan offers $3 billion in bonds at 4 percent.
- Apr 5, 1918 Third Liberty Loan offers $3 billion in bonds at 4.5 percent.
- Sep 28, 1918 Fourth Liberty Loan offers $6 billion in bonds at 4.25 percent.
Interest on up to $30,000 in the bonds was tax exempt.
Read more about this topic: Liberty Bond
Famous quotes containing the words interest, rates and/or history:
“You will think me very pedantic, gentlemen, but holiday though it may be, I have not the smallest interest in any holiday, except as it celebrates real and not pretended joys.”
—Ralph Waldo Emerson (1803–1882)
“One of the most important findings to come out of our research is that being where you want to be is good for you. We found a very strong correlation between preferring the role you are in and well-being. The homemaker who is at home because she likes that “job,” because it meets her own desires and needs, tends to feel good about her life. The woman at work who wants to be there also rates high in well-being.”
—Grace Baruch (20th century)
“The history of the world is the record of the weakness, frailty and death of public opinion.”
—Samuel Butler (1835–1902)