The Treasury-related transactions are large: For example, the Federal Reserve Banks on average process about $476 billion per business day in privately owned, marketable Treasury securities transactions and handle $16 billion per year in sales and redemptions of U.S. savings bonds
; and per average business day, they process about $6 billion in tax, fee, and loan receipts and about 4 million disbursements by check and wire.
Richmond, VA, April 30, 2010 --(PR.com)-- As part of its ongoing effort to reduce the number of auto accidents involving teens, Farm Bureau Insurance will award its 5,000th U.S. Savings Bond
through its Teen Driver Safety Education Program.
* First Place - A $1,000 U.S. Savings Bond
, a plaque, and an expense-paid trip for the student and a parent or guardian to Washington, D.C, to receive the prize.
Some 170 banks from 45 states hosted local levels of the competition and selected a winner to represent their bank and compete on the national level for a $3,000, $1,500 or $500 U.S. savings bond
or an iPod Touch.
The Patriot's Pen Contest, for students in grades 6 through 8, requires a typewritten essay of between 300 and 400 words on the theme, "Does Patriotism Still Matter?" The top national winner will receive a $10,000 U.S. Savings Bond
and an all-expenses-paid trip to Washington, D.C., for the winner and a guardian.
The grand-prize winner will receive a $500 U.S. savings bond
, a Nintendo Wii video-game console, and a Mapman T-shirt.
The first-place winner will receive a $50,000 U.S. Savings Bond
and the 2nd- through 10th-place winners will receive $1,000.
A $200 (first prize) and a $100 (second prize) U.S. savings bond
will be awarded to winners chosen in four grade-level categories: grades 2 and 3, grades 4-5, grades 6-8, and grades 9-12.
Each of the three prizes consist of a U.S. Savings Bond
in the following denominations:
* The U.S. savings bond
interest exclusion is available for proceeds from such bonds contributed to a QSTR However, the beneficiary's adjusted basis in the proceeds equal the original purchase price;
Banks will host the local level of the competition and will select a winner to represent their bank and compete on the national level for a $3,000, $1,500 or $500 U.S. savings bond
or an iPod [R] Touch.
For her outstanding work, Darice wins a $500 U.S. Savings Bond
and a Nintendo Wii video console.