Discount Rates for Cost-Effectiveness Analysis of Federal Programs, 66996-66997 [E9-30054]

Download as PDF 66996 Federal Register / Vol. 74, No. 241 / Thursday, December 17, 2009 / Notices The last notification was filed with the Department on September 8, 2009. A notice was published in the Federal Register pursuant to Section 6(b) of the Act on October 22, 2009 (74 FR 54594). Patricia A. Brink, Deputy Director of Operations, Antitrust Division. [FR Doc. E9–29949 Filed 12–16–09; 8:45 am] 6(b) of the Act on February 25, 2008 (73 FR 10064). The last notification was filed with the Department on August 25, 2009. A notice was published in the Federal Register on September 30, 2009 (74 FR 50245). BILLING CODE 4410–11–M Patricia A. Brink, Deputy Director of Operations, Antitrust Division. [FR Doc. E9–29945 Filed 12–16–09; 8:45 am] DEPARTMENT OF JUSTICE BILLING CODE 4410–11–M Antitrust Division wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1 Notice Pursuant to the National Cooperative Research and Production Act of 1993—Cooperative Research Group on Clean Diesel V Notice is hereby given that, on November 9, 2009, pursuant to Section 6(a) of the National Cooperative Research and Production Act of 1993, 15 U.S.C. 4301 et seq. (‘‘the Act’’), Southwest Research Institute— Cooperative Research Group on Clean Diesel V (‘‘Clean Diesel V’’) has filed written notifications simultaneously with the Attorney General and the Federal Trade Commission disclosing changes in its membership. The notifications were filed for the purpose of extending the Act’s provisions limiting the recovery of antitrust plaintiffs to actual damages under specified circumstances. Specifically, the following parties have withdrawn from this venture: BORGWARNER, Auburn Hills, MI; Caterpillar, Inc., Mossville, IL; Chrysler, LLC, Auburn Hills, MI; Delphi, Troy, MI; Emitec, Lohmar, GERMANY; Ford Motor Company, Dearborn, MI; Hitachi Automotive Systems, Advanced Technical Center, Ibaragi Prefecture, JAPAN; Modine Mfg. Co., Racine, WI; NGK Spark Plug Co., Ltd., Nagoya, JAPAN; Nissan Technical Center N.A., Inc., Farrnington Hills, MI; Usui Kokusai Sangyo Kaisha, Ltd., Shizuokaken, JAPAN; Valeo, Cedex, FRANCE; and Yuchai Machinery Co., Ltd., Guangxi, PEOPLE’S REPUBLIC OF CHINA. No other changes have been made in either the membership or planned activity of the group research project. Membership in this group research project remains open, and Clean Diesel V intends to file additional written notifications disclosing all changes in membership. On January 10, 2008, Clean Diesel V filed its original notification pursuant to Section 6(a) of the Act. The Department of Justice published a notice in the Federal Register pursuant to Section VerDate Nov<24>2008 13:19 Dec 16, 2009 Jkt 220001 DEPARTMENT OF JUSTICE Antitrust Division Notice Pursuant to The National Cooperative Research and Production Act of 1993—Open SystemC Initiative Notice is hereby given that, on November 12, 2009, pursuant to Section 6(a) of the National Cooperative Research and Production Act of 1993, 15 U.S.C. 4301 et seq. (‘‘the Act’’), Open SystemC Initiative (‘‘OSCI’’) has filed written notifications simultaneously with the Attorney General and the Federal Trade Commission disclosing changes in its membership. The notifications were filed for the purpose of extending the Act’s provisions limiting the recovery of antitrust plaintiffs to actual damages under specified circumstances. Specifically, Qualcomm Incorporated, San Diego, CA has been added as a party to this venture. No other changes have been made in either the membership or planned activity of the group research project. Membership in this group research project remains open, and OSCI intends to file additional written notifications disclosing all changes in membership. On October 9, 2001, OSCI filed its original notification pursuant to Section 6(a) of the Act. The Department of Justice published a notice in the Federal Register pursuant to Section 6(b) of the Act on January 3, 2002 (67 FR 350). The last notification was filed with the Department on July 1, 2009. A notice was published in the Federal Register pursuant to Section 6(b) of the Act on August 21, 2009 (74 FR 42330). Patricia A. Brink, Deputy Director of Operations, Antitrust Division. [FR Doc. E9–29950 Filed 12–16–09; 8:45 am] BILLING CODE 4410–11–M PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 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 2010. FOR FURTHER INFORMATION CONTACT: Robert B. Anderson, Office of Economic Policy, Office of Management and Budget, (202) 395–3381. Jeffrey B. Liebman, Associate Director for Economic Policy, Office of Management and Budget. Attachment OMB Circular No. A–94 Appendix C (Revised December 2009) Discount Rates for Cost-Effectiveness, Lease Purchase, and Related Analyses Effective Dates. This appendix is updated annually. This version of the appendix is valid for calendar year 2010. A copy of the updated appendix can be obtained in electronic form through the OMB home page at http:// www.whitehouse.gov/omb/ circulars_a094_a94_appx-c/, the text of the main body of the Circular is found at http://www.whitehouse.gov/omb/ assets/a94/a094.pdf, and a table of past years’ rates is located at http:// www.whitehouse.gov/omb/assets/a94/ dishist.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 2010 based on the economic assumptions for the Fiscal Year 2011 Budget are presented below. These nominal rates are to be used for E:\FR\FM\17DEN1.SGM 17DEN1 66997 Federal Register / Vol. 74, No. 241 / Thursday, December 17, 2009 / Notices 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 2.3 3.1 3.5 3.9 4.4 4.5 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 2011 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 0.9 1.6 1.9 2.2 2.7 2.7 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. E9–30054 Filed 12–16–09; 8:45 am] BILLING CODE P NATIONAL SCIENCE FOUNDATION Notice of Permit Applications Received wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1 Under the Antarctic Conservation Act of 1978 (Pub. L. 95–541) AGENCY: National Science Foundation. ACTION: Notice of Permit Modification Received under the Antarctic Conservation Act of 1978, Public Law 95–541. SUMMARY: The National Science Foundation (NSF) is required to publish a notice of requests to modify permits issued to conduct activities regulated under the Antarctic Conservation Act of 1978. NSF has published regulations under the Antarctic Conservation Act at Title 45 Part 670 of the Code of Federal Regulations. This is the required notice of a requested permit modification. DATES: Interested parties are invited to submit written data, comments, or views with respect to this permit application by January 19, 2010. Permit applications may be inspected by interested parties at the Permit Office, address below. ADDRESSES: Comments should be addressed to Permit Office, Room 755, Office of Polar Programs, National VerDate Nov<24>2008 13:19 Dec 16, 2009 Jkt 220001 Science Foundation, 4201 Wilson Boulevard, Arlington, Virginia 22230. FOR FURTHER INFORMATION CONTACT: Nadene G. Kennedy at the above address or (703) 292–7405. SUPPLEMENTARY INFORMATION: The National Science Foundation, as directed by the Antarctic Conservation Act of 1978 (Pub. L. 95–541), as amended by the Antarctic Science, Tourism and Conservation Act of 1996, has developed regulations for the establishment of a permit system for various activities in Antarctica and designation of certain animals and certain geographic areas a requiring special protection. The regulations establish such a permit system to designate Antarctic Specially Protected Areas. Description of Permit Modification Requested: The Foundation issued a permit (2009–014) to Dr. Douglas P. Nowacek, Duke University on January 7, 2009. The issued permit allows the applicant to tag up to 100 Humpback and Minke whales each. The applicant requests to collect skin and blubber samples from an additional 100 Humpback and Minke whales each. Samples will be used to determine genetic stock structure of the animals sampled as well as individual genetic identification and sex determination. Skin samples will also be collected to stable isotope analysis that provides information on the diet composition of individual whales. Location: Antarctic Peninsula waters. Dates: January 1, 2010 to July 31, 2010. Nadene G. Kennedy, Permit Officer, Office of Polar Programs. [FR Doc. E9–29979 Filed 12–16–09; 8:45 am] BILLING CODE 7555–01–P PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 NUCLEAR REGULATORY COMMISSION [Docket Nos.: 70–7003, 70–7004; NRC– 2009–0177] USEC, Inc.; American Centrifuge Plant; American Centrifuge Lead Cascade Facility; Notice of Withdrawal of License Transfer Application and Consideration of Approval of Application Regarding Proposed Corporate Restructuring and Conforming Amendment The U.S. Nuclear Regulatory Commission (NRC) has granted a request from USEC Inc. (USEC) to withdraw its February 10, 2009 (Agencywide Documents Access and Management System [ADAMS] Accession No. ML090850065), request for written consent to transfer control of Material Licenses SNM–7003 and SNM– 2011 (American Centrifuge Lead Cascade Facility [LCF] and American Centrifuge Plant [ACP], respectively) from USEC to a subsidiary limited liability company (LLC) under the provisions of 10 Code of Regulations (CFR) 70.36. The request was supplemented by letters dated June 12, 2009 (ADAMS Accession No. ML091670085, Supplement to Request for Written Consent to Transfer of Licenses), and June 17, 2009 (ADAMS Accession No. ML091970393, Draft Financial Assurance Instrument Associated with Request for Transfer of Licenses). Under their request, USEC proposed to modify its existing corporate structure and requested NRC consent to transfer control of Material Licenses SNM–7003 and SNM–2011 from USEC Inc. to the subsidiary American Centrifuge Operating, LLC. In addition, E:\FR\FM\17DEN1.SGM 17DEN1

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[Federal Register Volume 74, Number 241 (Thursday, December 17, 2009)]
[Notices]
[Pages 66996-66997]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-30054]


=======================================================================
-----------------------------------------------------------------------

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 2010.

FOR FURTHER INFORMATION CONTACT: Robert B. Anderson, Office of Economic 
Policy, Office of Management and Budget, (202) 395-3381.

Jeffrey B. Liebman,
Associate Director for Economic Policy, Office of Management and 
Budget.

Attachment

OMB Circular No. A-94

Appendix C

    (Revised December 2009)

Discount Rates for Cost-Effectiveness, Lease Purchase, and Related 
Analyses

    Effective Dates. This appendix is updated annually. This version of 
the appendix is valid for calendar year 2010. A copy of the updated 
appendix can be obtained in electronic form through the OMB home page 
at http://www.whitehouse.gov/omb/circulars_a094_a94_appx-c/, the 
text of the main body of the Circular is found at http://www.whitehouse.gov/omb/assets/a94/a094.pdf, and a table of past years' 
rates is located at http://www.whitehouse.gov/omb/assets/a94/dishist.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 2010 based on the economic assumptions for the Fiscal Year 
2011 Budget are presented below. These nominal rates are to be used for

[[Page 66997]]

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
----------------------------------------------------------------------------------------------------------------
           2.3                3.1                3.5                3.9                4.4                4.5
----------------------------------------------------------------------------------------------------------------

    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 2011 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
----------------------------------------------------------------------------------------------------------------
           0.9                1.6                1.9                2.2                2.7                2.7
----------------------------------------------------------------------------------------------------------------

    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. E9-30054 Filed 12-16-09; 8:45 am]
BILLING CODE P