ADMINISTRATIVE MESSAGE
 
ROUTINE
 
R 141239Z MAY 01 ZYB MIN PSN 736560J27
 
FM CNO WASHINGTON DC//N1//
 
TO NAVADMIN
 
UNCLAS //N05120//
NAVADMIN 116/01
 
MSGID/GENADMIN/N1//
 
SUBJ/2001 SAVINGS BONDS PROGRAM//
 
REF/A/DOC/SECNAV/13JAN1994//
 
AMPN/REF A SECNAVINST 5120.3H, UNITED STATES SAVINGS BONDS PROGRAM//
 
RMKS/1.  PER REF A, THE DEPARTMENT OF THE NAVY STRONGLY SUPPORTS THE
UNITED STATES SAVINGS BONDS PROGRAM.  THIS IS A REMINDER THAT THIS
YEAR'S PROGRAM IS BEING CONDUCTED THIS MONTH.  OPERATIONAL
COMMANDERS MAY HAVE VARIED DATES SLIGHTLY (BY 30 DAYS) IF NECESSARY
DUE TO OPERATIONAL COMMITMENTS.  PERSONAL INVOLVEMENT BY EVERY LEVEL
OF THE CHAIN OF COMMAND IS RECOMMENDED.
 
2.  THE SAVINGS BONDS PROGRAM FOCUSES ATTENTION ON PROVIDING
FACTUAL INFORMATION EMPHASIZING THE ADVANTAGES OF SAVINGS BONDS AS A
MEANS OF SYSTEMATIC SAVINGS.  THERE ARE ABOUT 55 MILLION OWNERS OF
U.S. SAVINGS BONDS, WITH MORE THAN ONE MILLION PEOPLE PURCHASING
BONDS THROUGH THE PAYROLL SAVINGS PLAN.  SAVINGS BONDS ARE A GREAT
BALANCE TO ANY FINANCIAL PORTFOLIO BECAUSE OF THEIR HIGH CONFIDENCE
FACTOR AND READY ACCESS.  THE LONGER YOU LET YOUR BONDS GROW, THE
GREATER THE BENEFIT.  SAVINGS BONDS CAN BE REDEEMED ANYTIME AFTER SIX
MONTHS.  HOWEVER, IF REDEEMED BEFORE FIVE YEARS, THERE IS A THREE
MONTH LOSS OF INTEREST.  THE PURCHASE OF SAVINGS BONDS THROUGH THE
PAYROLL SAVINGS PLAN IS ENCOURAGED.  THIS SUPPORTS THE PROGRAM'S TWO
THEMES, "PAY YOURSELF FIRST" AND "MAKING DREAMS A REALITY."
 
3.  THE U.S. TREASURY DEPARTMENT HAS REPRESENTATIVES THROUGHOUT THE
NATION TO HELP WITH THE PLANNING PROCESS, INCLUDING EFFECTIVE TEAM
BUILDING, EDUCATING AND MOTIVATING PROGRAM COORDINATORS, EXPLAINING
THE ADVANTAGES AND BENEFITS OF SAVINGS BONDS, AND RECOGNIZING
PROGRAM WORKERS.  INFORMATION FOR THESE REPRESENTATIVES AND A COPY
OF THE PROGRAM COORDINATOR'S GUIDE CAN BE FOUND ON THE U.S. TREASURY
DEPARTMENT'S WEBSITE AT "WWW.SAVINGSBONDS.GOV."  ADDITIONALLY, THE
CURRENT INTEREST RATE FOR SERIES "EE" BONDS, "I" BONDS, AND "HH"
BONDS CAN ALSO BE FOUND ON THIS WEBSITE.
 
4.  DEFENSE DISTRIBUTION DEPOT, MECHANICSBURG, PA, HAS BEGUN
DISTRIBUTING SAVINGS BONDS PROGRAM MATERIALS.  PLEASE ALLOW FOUR
WEEKS FOR DELIVERY.
 
5.  NO REPORTING FOR THIS PROGRAM IS REQUIRED OR DESIRED.  THE
DEFENSE FINANCE AND ACCOUNTING SERVICE OFFICES (CLEVELAND AND
DENVER) AND CIVILIAN PAYROLL OFFICES WILL SUBMIT STATISTICS TO THE
TREASURY DEPARTMENT.
 
6.  FOR FURTHER INFORMATION ON THE SAVINGS BONDS PROGRAM, CONTACT
YOUR LOCAL COORDINATOR OR MS. EXKELIA THOMAS, NAVY SAVINGS BONDS
PROGRAM MANAGER NAVPERSCOM (PERS-662C13), AT (901) 874-4379/DSN 882
OR E-MAIL:  P662C13@PERSNET.NAVY.MIL.
 
7.  THANK YOU FOR YOUR TIME AND ASSISTANCE IN SUPPORTING NAVY'S
SAVINGS BONDS PROGRAM.
 
8.  RELEASED BY VADM NORB RYAN, JR., N1.//
 
BT