ROANOKE TIMES 

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

DATE: WEDNESDAY, October 13, 1993                   TAG: 9310130103
SECTION: BUSINESS                    PAGE: B-5   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                LENGTH: Short

SAVINGS BOND SALES CONTINUE TO DROP

Sales of U.S. savings bonds fell 8.8 percent in September, the sixth decline in eight months, the government said Tuesday.

Sales totaled $746 million, the lowest in 22 months, down from $818 million in August and 63 percent lower than the $2.02 billion sold a year ago.

Sales reached $2.55 billion in January, but have been slipping almost every month since because the Treasury Department reduced the minimum guaranteed rate on the securities, effective March 1, from 6 percent to 4 percent.

The value of savings bonds held at the end of September reached $169.1 billion, up from $150.3 billion a year ago. - Associated Press 


 by CNB