In March, 1935 the first savings type security offered by the Treasury Department became available to the non-professional  investor, it was called the A bond. The B bond was offered in 1936. Followed by the C bond in 1937 & in 1938 and the D bond was issued in 1939 through April 1941. These first savings bonds are often referred to as "baby bonds." Through the sales of these bonds, the government borrowed $3.9 billion, and it was the start of something big for the Treasury - the savings bond market! (Now worth over $187 billion) .

How A, B, C and D Series Bonds worked:

	Denominations available were $25.00 to $1,000.00
	Sold at 75% of face value
	Accrued interest at 2.9%, compounded semi-annually (when held for 10 years)
	10 year maturity period
	Sold in post offices and U.S. Treasurers Office
	THE INTEREST FROM BONDS ISSUED FROM 3/35 THROUGH 2/41 ARE NOT TAXABLE

Baby Bonds Have "Small" Maturity Periods:
Unlike E, EE or the I Bond which earn interest for 30 or even 40 years, the baby bonds are only worth their face value if you redeem them and held them for 10 years. Baby bonds
are not listed on the PDF 3600 forms.