Code of Federal Regulations · Section

§ 342.1 — Definition Of Words And Terms Used In This Part

31 C.F.R. § 342.1

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(a) Payroll savings plan refers to a voluntary program maintained by an employer whereby its participating officers and employees authorize regular withholdings from their salaries or wages for the purchase of savings bonds.

(b) Quarter refers to a 3-month period of a year, as follows: January-February-March, April-May-June, July-August-September, or October-November-December.

31 C.F.R. § 342.0 31 C.F.R. § 342.2

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