UpDate - Vol. 14, No. 28, Page Bonds-2
April 20, 1995
Buy Bonds
Benefits of U.S. Savings Bonds

     There are many reasons for choosing the U.S. Savings Bonds
Payroll savings plan.

     * The payroll savings plan makes it easier for individuals to
       save or invest each pay period.
     * Lost or stolen bonds are backed by the full faith of the United
       States and can be replaced free if lost, stolen or destroyed.
     * Bonds can be purchased in denominations to fit evry budget.
     * There are never any fees when you buy or redeem a savings bond.
     * The interest on savings bonds is exempt from state and local
       income taxes.
     * Federal income tax reporting may be deferred until a U.S.
       Savings Bond reaches maturity after 30 years.