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1.  Act of February 28, 1861, Specie Loan
a. Amount Authorized: Unlimited
b. Denominations: $50 or higher in stock or bonds.
c.  Maturity: Ten years (September 1, 1871); callable after five years.
d. Interest rate: 8 percent, bonds to be sold at par in coin. Coupons receivable for export dues.
e. Total issued: $15 million.

2.. Act of May 16, 1861 as Amended June 14, 1864, Funding Loan
a. Amount Authorized: $20 million.
b. Denominations: $100 and up in stock or bonds.
c. Maturity: Ten years after date, but holders might convert their "bonds" back into treasury notes any time before July 1863.
d. Interest rate: 8 percent.
e. Total issued: $11,472,100

3.  Act of August 19, 1861, Funding and Produce Loan
a.  Amount Authorized: $100 million.
b. Denomination: $50 and above in bonds (stock authorized by the Act of August 27,1861).
c.  Maturity: various dates, July I, 1864-July 1, 1881.
d. Interest rate: 8 percent bonds in lieu of those authorized by the Act of May 16,1861 above.
e.  Total issued: $99,570,550

4. Act of December 24, 1861 as Amended April 12, (18) 1862, Funding Loan
a. Amount Authorized: : $80 million of call certificates.
b. Denominations: Treasury regulation set minimum at $500, or in multiples of $50 above that.
c. Maturity: "six months after the ratification of a treaty of peace between the Confederate States and the United States. . . . "
d. Interest rate: 6 percent payable when certificate redeemed.
e. Total issued: $70,729,030.'

5.  Act of April 12,  1862
a.  Amount Authorized: $165 million in stock or bonds.
b. Denominations: $100 and up.
c.  Maturity: Ten years after date, but Congress could extend the loan up to thirty years on same terms.
d. Interest rate: 8 percent loan to be effected at home or abroad for specie, foreign exchange, or treasury notes.
e. Total issued: $4,244,050

6. Act of  February 20, 1863, Funding Loan
a. Amount Authorized: Unlimited.
b. Denominations: $100 and up in stock or bonds.
c.  Maturity: Five years, but Congress could defer payment up to thirty years at same rate of interest.
d. Interest rate: 8 percent bonds to be sold to April 21, 1863, and the 7 percent bonds until August 1, 1863.
e. Total issued: $76,941,200

7.  Act of March 23, 1863, Funding Loan
a. Amount Authorized: Unlimited.
b. Denominations: $100 and up.
c.  Maturity: Thirty years, but callable after five years
d. Interest rate: 6 percent and 4 percent, depending upon whether notes were dated April 6, 1863 or December 2, 1862.
e. Total issued: $21,040,700

8. Act of March 23, 1863, Funding Loan
a. Amount Authorized: : Unlimited.
b. Denominations: $500 and above.2
c. Maturity: "six months after the ratification of a treaty of peace," at the pleasure of Congress.
d. Interest rate: 5 percent on notes date stamped less than a year before; 4 percent on notes dated December 2, 1862 or notes date stamped more than one year after issue.
e. Any certificate not funded within six months of purchase automatically became a thirty-year bond.
f.  Total issued:  $73,899,100

9.  Act of  April 30, 1863, Funding Loan
a. Amount Authorized: $100 million.
b. Denominations: $1,000 only, in coupon bonds.
c.  Maturity: Twenty years, not callable.
d. Interest rate: 6 percent payable in coin or one five-hundred-pound bale of cotton (cotton at 12 cents per pound).
e. Total issued:    $12,678,000

10.  Act of February 17, 1864 , Funding Loan
a. Amount Authorized: Unlimited.
b. Denominations: $100 to $5,000.
c.  Maturity: Twenty years, not callable.
d. Interest rate: 4 percent.
e.  Total issued: $360,983,900

11. Act of  February 17, 1864, General Expenses
a. Amount Authorized: $500 million.
b. Denominations: $100 to $10,000.
c.  Maturity: Thirty years after date.
d. Interest rate: 6 percent
e. Total issued:  $80,000,000

12.  Act of February 17, 1864 amended June 19, 1864 to fund state held notes.
a. Amount Authorized: : Unlimited.
b. Denominations: None specified, but $100 to $1,000.
c.  Maturity: Twenty years.
d. Interest rate: 4 percent and 6 percent
e. Total issued: $10,000,000

13. Act of February 17, 1864, General Loan
a.  Amount Authorized: Unlimited.
b. Denominations: None specified, but $100 to $10,000.
c.  Maturity: Two years after peace.
d. Interest rate: 6 percent tax free.
e. Total issued: $57,392,200

14. Act of February 17, 1864
a. Amount Authorized:  None specified.
b. Denominations: None specified, but $100 to $100,000 c. Maturity: Payable on demand.
d. Interest rate: 4 percent
e. Total issued: $135,000,000

15. Act of March 17,1865
a.  Amount Authorized: $3 million.
b. Denominations: None specified.
c.  Maturity: Two years after peace.
d. Interest rate: 6 percent payable in coin.
e. Total issued: $835,000,000

 
 

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