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:
“One should never make one’s debut with a scandal. One should reserve that to give an interest to one’s old age.”
—Oscar Wilde (1854–1900)
“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”
—Calvin Coolidge (1872–1933)
“We may pretend that we’re basically moral people who make mistakes, but the whole of history proves otherwise.”
—Terry Hands (b. 1941)