Discount Rates for Cost-Effectiveness Analysis of Federal Programs, 5599-5600 [08-416]
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5599
Federal Register / Vol. 73, No. 20 / Wednesday, January 30, 2008 / Notices
to raise safety concerns to the NRC and
to Mattingly Testing’s senior
management without fear of retaliation.
In addition, describe the actions it has
taken and plans to take to ensure its
employees understand the provisions of
10 CFR 19.15, 10 CFR 30.7, and 10 CFR
30.9.
Copies of this information shall also
be sent to the Assistant General Counsel
for Materials Litigation and Enforcement
at the same address above, and to the
Regional Administrator, NRC Region IV,
611 Ryan Plaza Drive, Suite 400,
Arlington, Texas 76011–4005.
After reviewing your response, the
NRC will determine whether further
action is necessary to ensure
compliance with regulatory
requirements.
For the Nuclear Regulatory Commission.
Dated this 23rd day of January, 2008.
Cynthia A. Carpenter,
Director, Office of Enforcement.
[FR Doc. E8–1645 Filed 1–29–08; 8:45 am]
BILLING CODE 7590–01–P
OFFICE OF MANAGEMENT AND
BUDGET
Discount Rates for Cost-Effectiveness
Analysis of Federal Programs
AGENCY:
Revisions to Appendix C of
OMB Circular A–94.
Appendix C
SUMMARY: The Office of Management
and Budget revised Circular A–94 in
1992. The revised Circular specified
certain discount rates to be updated
annually when the interest rate and
inflation assumptions used to prepare
the budget of the United States
government were changed. These
discount rates are found in Appendix C
of the revised Circular. The updated
discount rates are shown below. The
discount rates in Appendix C are to be
used for cost-effectiveness analysis,
including lease-purchase analysis, as
specified in the revised Circular. They
do not apply to regulatory analysis.
Discount Rates for Cost-Effectiveness,
Lease Purchase, and Related Analyses
ACTION:
The revised discount rates are
effective immediately and will be in
effect through December 2008.
DATES:
FOR FURTHER INFORMATION CONTACT:
Robert B. Anderson, Office of Economic
Policy, Office of Management and
Budget, (202) 395–3381.
John H. Kitchen,
Associate Director for Economic Policy, Office
of Management and Budget.
Attachment.
Office of Management and
(Revised January 2008)
Effective Dates. This appendix is
updated annually around the time of the
President’s budget submission to
Congress. This version of the appendix
is valid for calendar year 2008. A copy
of the updated appendix can be
obtained in electronic form through the
OMB home page at https://
www.whitehouse.gov/omb/circulars/
a094/a94lappx-c.html, the text of the
main body of the Circular is found at
https://www.whitehouse.gov/omb/
circulars/a094/a094.html, and a table of
past years’ rates is located at https://
www.whitehouse.gov/omb/circulars/
a094/DISCHIST-2008.pdf. Updates of
the appendix are also available upon
request from OMB’s Office of Economic
Policy (202–395–3381).
Nominal Discount Rates. A forecast of
nominal or market interest rates for
2008 based on the economic
assumptions for the 2009 Budget are
presented below. These nominal rates
are to be used for discounting nominal
flows, which are often encountered in
lease-purchase analysis.
Budget.
NOMINAL INTEREST RATES ON TREASURY NOTES AND BONDS OF SPECIFIED MATURITIES
[In percent]
3-Year
5-Year
7-Year
10-Year
20-Year
30-Year
4.1
4.3
4.4
4.6
4.9
4.9
Real Discount Rates. A forecast of real
interest rates from which the inflation
premium has been removed and based
on the economic assumptions from the
2009 Budget is presented below. These
real rates are to be used for discounting
constant-dollar flows, as is often
required in cost-effectiveness analysis.
REAL INTEREST RATES ON TREASURY NOTES AND BONDS OF SPECIFIED MATURITIES
[In percent]
5-Year
7-Year
10-Year
20-Year
30-Year
2.1
mstockstill on PROD1PC66 with NOTICES
3-Year
2.3
2.4
2.6
2.8
2.8
management and to the NRC without fear of
retaliation, where concerns are promptly reviewed,
given the proper priority, and appropriately
resolved and timely feedback is provided. The NRC
VerDate Aug<31>2005
18:49 Jan 29, 2008
Jkt 214001
issued a Policy Statement, ‘‘Freedom of Employees
in the Nuclear Industry to Raise Safety Concerns
Without Fear of Retaliation’’ on May 14, 1996 [61
FR 24336] and additional guidelines in Regulatory
PO 00000
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Issue Summary 2005–18, ‘‘Guidance for
Establishing and Maintaining a Safety Conscious
Work Environment’’ on August 25, 2005.
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30JAN1
5600
Federal Register / Vol. 73, No. 20 / Wednesday, January 30, 2008 / Notices
Analyses of programs with terms
different from those presented above
may use a linear interpolation. For
example, a four-year project can be
evaluated with a rate equal to the
average of the three-year and five-year
rates. Programs with durations longer
than 30 years may use the 30-year
interest rate.
[FR Doc. 08–416 Filed 1–29–08; 8:45 am]
BILLING CODE 3110–01–M
OFFICE OF MANAGEMENT AND
BUDGET
FY 2007 Pilot Program for Alternative
Approaches to Performance and
Accountability Reporting Open Forum
Office of Management and
Budget (OMB).
ACTION: Notice of open forum.
mstockstill on PROD1PC66 with NOTICES
AGENCY:
SUMMARY: An open forum on the FY
2007 Performance and Accountability
Report (PAR) pilot will be held at the
National Academy of Public
Administration (NAPA) on April 14,
2008 from 10 a.m. to 12 p.m. The PAR
pilot allows agencies to explore
different formats to enhance the
presentation of financial and
performance information and make this
information more meaningful and
transparent to the public. As an
alternative to the traditional PAR,
agencies that participated in the pilot
had to prepare and submit to OMB three
component documents. The component
documents included an Agency
Financial Report (AFR), an Annual
Performance Report (APR), and a
Highlights document that presents
performance and financial information
in a summary fashion. The purpose of
the forum is to obtain feedback from
individual users and stakeholders
regarding the results of the pilot. Those
interested in participating should
respond to the questions listed below by
e-mail to either Regina Kearney at
rkearney@omb.eop.gov, or Pat Harris at
pharris@omb.eop.gov by close of
business March 28, 2008.
• Do the PAR pilot component
documents (Annual Financial Report,
Annual Performance Report, and
Highlights):
Æ Provide an enhanced presentation
of the financial and performance
information in a more transparent way
(i.e., information is presented in a
manner that is user friendly and easy
enough for a novice reader to
understand)?
Æ Report financial and performance
information more meaningfully (i.e.,
financial and performance data is
VerDate Aug<31>2005
18:49 Jan 29, 2008
Jkt 214001
reliable, relevant, and include
measurable results linked to strategic
goals)?
Æ Tailor financial and performance
information to meet stakeholder needs?
Æ Report performance and financial
results candidly and clearly articulate
remedies to performance or financial
shortfalls?
• Are the PAR pilot component
documents easily accessible via the web
and are they easy to use?
• Did the development of the PAR
pilot component documents:
Æ Improve internal and external
communications?
Æ Increase/decrease the burden on
preparers?
• What are individuals’
recommendations for improving
performance and financial reporting?
DATED: April 14, 2008 from 10 a.m. to
12 p.m.
ADDRESSES: The forum will be held in
the National Academy of Public
Administration (NAPA) building
located at 900 7th Street, NW., Suite
600, Washington, DC 20001.
Due to potential delays in OMB’s
receipt and processing of mail sent
through the U.S. Postal Service, we
encourage respondents to submit
comments electronically to ensure
timely receipt. We cannot guarantee that
comments mailed will be received
before the forum date. Electronic mail
comments may be submitted to:
rkearney@omb.eop.gov or
pharris@omb.eop.gov. Please include
‘‘PAR Pilot Open Forum’’ in the subject
line and put the full body of your
comments in the text of the electronic
message and as an attachment. Please
include your name, title, organization,
postal address, telephone number, and
e-mail address in the text of the
message. Comments may also be
submitted by mail at 725 17th St, NW.,
Room 6025, Washington, DC 20503.
Please advise also if you will require
any special accommodations in order to
participate in the forum.
FOR FURTHER INFORMATION CONTACT:
Regina Kearney, OMB Office of Federal
Financial Management, 202–395–3993
or E-mail: rkearney@omb.eop.gov. Pat
Harris OMB Office of Performance and
Personnel Management, at 202–395–
5018 or pharris@omb.eop.gov.
SUPPLEMENTARY INFORMATION:
Performance and Accountability Reports
provide the public with agency financial
and performance information. PARs are
transparent tools Congress and the
public can use to hold agencies
accountable for their program
performance and financial results.
PO 00000
Frm 00107
Fmt 4703
Sfmt 4703
The FY 2007 PAR pilot, conducted
from May 2007 to February 2008, was
established so that agencies could
explore different formats and
timeframes for presenting financial and
performance information and make this
information more meaningful and
transparent to the public. The pilot
adjusted the timing for more detailed
performance reporting, allowing the
APR to coincide with the release of the
President’s Budget. The pilot further
required participating agencies to
produce a Highlights document, which
summarized key financial and
performance information from the AFR
and APR.
Agencies who participated in the pilot
include the Department of Health and
Human Services, Department of
Defense, Small Business
Administration, Department of State,
National Aeronautics and Space
Administration, Department of
Homeland Security, National Science
Foundation, Department of Energy,
Denali Commission, Corporation for
National Community Service and U.S.
Agency for International Development.
Dustin Brown,
Deputy Assistant Director for Management.
[FR Doc. E8–1573 Filed 1–29–08; 8:45 am]
BILLING CODE 3110–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: U.S. Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 611; OMB Control No. 3238–0600;
SEC File No. 270–540.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
• (Rule 611 (17 CFR 242.611)—Order
Protection Rule
On June 9, 2005, effective August 29,
2005 (see 70 FR 37496, June 29, 2005),
the Commission adopted Rule 611 of
Regulation NMS under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) to require any national securities
E:\FR\FM\30JAN1.SGM
30JAN1
]]>Agencies
[Federal Register Volume 73, Number 20 (Wednesday, January 30, 2008)]
[Notices]
[Pages 5599-5600]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 08-416]
=======================================================================
-----------------------------------------------------------------------
OFFICE OF MANAGEMENT AND BUDGET
Discount Rates for Cost-Effectiveness Analysis of Federal
Programs
AGENCY: Office of Management and Budget.
ACTION: Revisions to Appendix C of OMB Circular A-94.
-----------------------------------------------------------------------
SUMMARY: The Office of Management and Budget revised Circular A-94 in
1992. The revised Circular specified certain discount rates to be
updated annually when the interest rate and inflation assumptions used
to prepare the budget of the United States government were changed.
These discount rates are found in Appendix C of the revised Circular.
The updated discount rates are shown below. The discount rates in
Appendix C are to be used for cost-effectiveness analysis, including
lease-purchase analysis, as specified in the revised Circular. They do
not apply to regulatory analysis.
DATES: The revised discount rates are effective immediately and will be
in effect through December 2008.
FOR FURTHER INFORMATION CONTACT: Robert B. Anderson, Office of Economic
Policy, Office of Management and Budget, (202) 395-3381.
John H. Kitchen,
Associate Director for Economic Policy, Office of Management and
Budget.
Attachment.
Appendix C
(Revised January 2008)
Discount Rates for Cost-Effectiveness, Lease Purchase, and Related
Analyses
Effective Dates. This appendix is updated annually around the time
of the President's budget submission to Congress. This version of the
appendix is valid for calendar year 2008. A copy of the updated
appendix can be obtained in electronic form through the OMB home page
at https://www.whitehouse.gov/omb/circulars/a094/a94_appx-c.html, the
text of the main body of the Circular is found at https://
www.whitehouse.gov/omb/circulars/a094/a094.html, and a table of past
years' rates is located at https://www.whitehouse.gov/omb/circulars/
a094/DISCHIST-2008.pdf. Updates of the appendix are also available upon
request from OMB's Office of Economic Policy (202-395-3381).
Nominal Discount Rates. A forecast of nominal or market interest
rates for 2008 based on the economic assumptions for the 2009 Budget
are presented below. These nominal rates are to be used for discounting
nominal flows, which are often encountered in lease-purchase analysis.
Nominal Interest Rates on Treasury Notes and Bonds of Specified Maturities
[In percent]
----------------------------------------------------------------------------------------------------------------
3-Year 5-Year 7-Year 10-Year 20-Year 30-Year
----------------------------------------------------------------------------------------------------------------
4.1 4.3 4.4 4.6 4.9 4.9
----------------------------------------------------------------------------------------------------------------
Real Discount Rates. A forecast of real interest rates from which
the inflation premium has been removed and based on the economic
assumptions from the 2009 Budget is presented below. These real rates
are to be used for discounting constant-dollar flows, as is often
required in cost-effectiveness analysis.
Real Interest Rates on Treasury Notes and Bonds of Specified Maturities
[In percent]
----------------------------------------------------------------------------------------------------------------
3-Year 5-Year 7-Year 10-Year 20-Year 30-Year
----------------------------------------------------------------------------------------------------------------
2.1 2.3 2.4 2.6 2.8 2.8
----------------------------------------------------------------------------------------------------------------
[[Page 5600]]
Analyses of programs with terms different from those presented
above may use a linear interpolation. For example, a four-year project
can be evaluated with a rate equal to the average of the three-year and
five-year rates. Programs with durations longer than 30 years may use
the 30-year interest rate.
[FR Doc. 08-416 Filed 1-29-08; 8:45 am]
BILLING CODE 3110-01-M
