Early Statesman synthesis distilling legal jargon into practical meaning, statutory anchors, and structural constitutional impacts.
This executive order, signed by President Lyndon B. Johnson on 1966-08-14, establishes federal administrative policy concerning "Prescribing the Interest Rate For Deposit of Savings of Members of the Uniformed Services." It is a direct, concise executive instruction delivering focused administrative or military commands to department leadership.
Constitutional Assessment: This action represents an orderly exercise of Article II administrative discretion, managing the internal machinery and personnel of the executive branch without abridging the ancient liberties of the people.
Key Directives & Operative Actions
▪By virtue of the authority vested in me by Section 1035 of Title 10 of the United States Code, as amended by the Act of August 14, 1966, I hereby prescribe that amounts deposited by members of the uniformed services under that Section shall accrue interest at the rate of ten percent per annum, compounded quarterly.
▪This order shall be effective September 1, 1966.
Constitutional & Societal Entities Impacted
🏛️ Executive Branch Departments
🏛️ General Body of the People
Total Words
73
415 characters
Estimated Read Time
1 min
@ 200 words / min
Flesch-Kincaid
12.3
Post-Grad reading level
Constitutional Polarity
+0.02
Framers' Alignment index
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Scholarly & Legal Citations
Exec. Order No. 11298, Lyndon B. Johnson (Aug 14, 1966). Available at https://executiveordersarchive.org/orders/app-executive-order-11298-prescribing-the-interest-rate-for-deposit-savings-members-the.
Official Document Text
Source: The American Presidency Project (UCSB Archive)
By virtue of the authority vested in me by Section 1035 of Title 10 of the United States Code, as amended by the Act of August 14, 1966, I hereby prescribe that amounts deposited by members of the uniformed services under that Section shall accrue interest at the rate of ten percent per annum, compounded quarterly. This order shall be effective September 1, 1966. LYNDON B. JOHNSON The White House August 14, 1966
