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Q: What day-count convention is used for treasury notes?
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What type of day count is used for treasurys interest calculations?

Actual/365 is the day-count convention used for US Treasury bonds and notes.


What day-count convention is used for US Treasury bonds?

Actual/365 is the day-count convention used for US Treasury bonds.


What day count convention is used for US Treasury bonds?

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Congress uses Savings Bonds and treasury bills and notes to help fund government operations. The money that people pay for the instruments is used immediately with a promise to pay that person the face value plus interest of the instrument (bond) when it matures.


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1953 series 2 bill and a 1928 g but the front of them aren't the same the seals are red but at opposite ends of the bill?

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What is the difference between blue and red serial numbers on US bills?

In 1928 the Treasury standardized the seal colors used on all US bills. Blue seals were used for silver certificates. These bills were backed dollar-for-dollar with silver on deposit with the Treasury. Red seals were used for United States Notes. These bills were issued directly by the Federal Government but had no precious metal backing them up. Gold seals were used for gold certificates. These bills were backed dollar-for-dollar with gold on deposit with the Treasury. Green seals were and are used for Federal Reserve Notes. FRNs are issued by the Federal Reserve Bank. Like US Notes, they're not backed by precious metal but instead by the "full faith and credit of the United States". Production of gold certificated ended when the US went off the gold standard in 1933. Silver certificates were discontinued when silver was deregulated in the early 1960s. US Notes made up such a small fraction of all bills in circulation tht production was suspended in the late 1960s to save printing costs.