Putable Automatic Rate Reset Securities (PARRS) Reset History

1998 Series D PARRS (TVC)

(June 1, 2012) Reset from 4.728% to 4.060%. Approximately $4.6 million or 1.39 percent, of the $330.3 million previously outstanding were redeemed on June 1, 2012, in conjunction with the reset. Approximately $325.7 million of the bonds remain outstanding.

(June 1, 2009) Reset from 5.46% to 4.728%. Approximately $19.7 million or 5.64 percent, of the $350.0 million previously outstanding were redeemed on June 1, 2009, in conjunction with the reset. Approximately $330.3 million of the bonds remain outstanding.

(June 1, 2008) Reset from 5.49% to 5.46%. Approximately $109 million, or 24 percent, of $459 million previously outstanding were redeemed in conjunction with the reset. Approximately $350 million of the bonds remain outstanding.

(June 1, 2005) Reset from 5.952% to 5.49%. Approximately $86 million, or 16 percent, of $552 million outstanding were redeemed in conjunction with the 2005 reset. $466 million of the bonds remained outstanding.

(June 1, 2003) Reset from 6.75% to 5.952%. Approximately $23 million, or 4 percent, of $575 million outstanding were redeemed in conjunction with the 2003 reset. $552 million of the bonds remained outstanding.

1999 Series A PARRS (TVE)

(May 1, 2012) Reset from 4.50% to 4.15%. Approximately $2.4 million or 0.86 percent, of the $273.6 million previously outstanding were redeemed on May 1, 2012, in conjunction with the reset. Approximately $271.3 million of the bonds remain outstanding.

(May 1, 2009) Reset from 5.174% to 4.50%. Approximately $24.7 million or 8.27 percent, of the $298.3 million previously outstanding were redeemed on May 1, 2009, in conjunction with the reset. Approximately $273.6 million of the bonds remain outstanding.

(May 1, 2008) Reset from 5.618% to 5.174%. Approximately $102 million, or 25 percent, of $400 million previously outstanding were redeemed on May 1, 2008, in conjunction with the reset. Approximately $298 million of the bonds remain outstanding.

(May 1, 2004) Reset from 6.50% to 5.618%. Approximately $115 million, or 22 percent, of $525 million outstanding were redeemed in conjunction with the 2004 reset.  $410 million of the bonds remain outstanding.

Note: 30-year Treasury constant maturity series was discontinued on February 18, 2002 and reintroduced on February 9, 2006. From February 18, 2002 to February 8, 2006, Treasury published alternatives to a 30-year rate. Please see U.S. Treasury Daily Treasury Yield Curve Rates for more information.