Patriot Bond Sales Launched by U.S.
Standing in front of World War II-era posters, Treasury Secretary Paul H. O’Neill officially launched sales of the country’s new war bonds, dubbed the “Patriot Bond.”
Treasury scheduled the event to coincide with the worldwide ceremonies marking three months since the Sept. 11 attacks.
At precisely 8:46 a.m., O’Neill paused in the ceremony to allow a Treasury Department choir to lead the news conference in singing the “Star-Spangled Banner.”
The new bonds are renamed existing Series EE savings bonds and are available in denominations from $50 to $10,000.
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