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Series E United States Savings Bonds were government bonds marketed by the United States Department of the Treasury as war bonds during World War II from 1941 to 1945. After the war, they continued to be offered as retail investments until 1980, when they were replaced by other savings bonds .
Series E bonds, referred to as Defense Bonds, were a major source of financing in the period just before U.S. entry into World War II. On April 30, 1941, Roosevelt purchased the first Series E bond from Treasury Secretary Henry Morgenthau Jr.; the next day, they were made available to the public
President Franklin D. Roosevelt introduces the Series E Bond. By the summer of 1940, the victories of Nazi Germany against Poland, Denmark, Norway, Belgium, the Netherlands, France, and Luxembourg brought urgency to the government, which was discreetly preparing for possible United States involvement in World War II. [39]
The U.S. government first issued Series E bonds to fund itself during World War II, and it continued to sell them until 1980, when Series EE bonds superseded them. Series E bonds are no longer issued.
Filled collection booklets could later be used to purchase Series E war bonds. For example, a full 25-cent booklet contained 75 stamps and was worth $18.75, which was the initial price of a $25 war bond. Thus, a full 25-cent booklet would be exchanged for a $25 war bond with a time to maturity of ten years. [8]
Series EE bonds haven’t always taken 20 years to hit the double-value marker and mature. Here’s a rundown of historical maturity dates: Date of purchase. Time to maturity.
Savings bonds were created in 1935, and, in the form of Series E bonds, also known as war bonds, were widely sold to finance World War II. Unlike Treasury Bonds, they are not marketable, being redeemable only by the original purchaser (or beneficiary in case of death).
The character was part of an effort among top newspaper cartoonists to sell World War II-era Series E bonds to the public as a wartime financing initiative. [3] Joe Palooka plays golf with Bob Hope and Bing Crosby in a 1949 Joe Palooka strip by Ham Fisher and Moe Leff.
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