Office of the Federal Register (OFR)

Executive Orders

Executive Order 11298--Prescribing the interest rate for deposit of savings of members of the uniformed services

Source: The provisions of Executive Order 11298 of Aug. 14, 1966, appear at 31 FR 10915, 3 CFR, 1966-1970 Comp., p. 575, unless otherwise noted.

By virtue of the authority vested in me by Section 1035 of Title 10 of the United States Code, as amended by the Act of August 14, 1966, I hereby prescribe that amounts deposited by members of the uniformed services under that Section shall accrue interest at the rate of ten percent per annum, compounded quarterly.

This order shall be effective September 1, 1966.