Current Value of Funds Rate, 65710 [2010-26815]
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Federal Register / Vol. 75, No. 206 / Tuesday, October 26, 2010 / Notices
Form: 8916–A.
Abstract: The Form 8916–A is a
detailed schedule that reconciles the
amount of the cost of goods sold,
interest income and interest expense
reported on Schedule M–3 for the Form
1065, Form 1120, 1120–S, 1120–L, or
1120–PC.
Respondents: Private Sector:
Businesses or other for-profit.
Estimated Total Burden Hours:
5,049,720 hours.
Bureau Clearance Officer: R. Joseph
Durbala, Internal Revenue Service, 1111
Constitution Avenue, NW., Room 6129,
Washington, DC 20224; (202) 622–3634.
OMB Reviewer: Shagufta Ahmed,
Office of Management and Budget, New
Executive Office Building, Room 10235,
Washington, DC 20503; (202) 395–7873.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2010–27085 Filed 10–25–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Fiscal Service
Current Value of Funds Rate
Financial Management Service,
Fiscal Service, Treasury.
emcdonald on DSK2BSOYB1PROD with NOTICES
AGENCY:
VerDate Mar<15>2010
18:09 Oct 25, 2010
Jkt 223001
Notice of rate for use in Federal
debt collection and discount and rebate
evaluation.
ACTION:
Pursuant to section 11 of the
Debt Collection Act of 1982, as
amended, (31 U.S.C. 3717), the
Secretary of the Treasury is responsible
for computing and publishing the
percentage rate to be used in assessing
interest charges for outstanding debts
owed to the Government. Treasury’s
Cash Management Requirements (TFM
Volume I, Part 6, Chapter 8000)
prescribe use of this rate by agencies as
a comparison point in evaluating the
cost-effectiveness of a cash discount. In
addition, 5 CFR 1315.8 of the Prompt
Payment rule on ‘‘Rebates’’ requires that
this rate be used in determining when
agencies should pay purchase card
invoices when the card issuer offers a
rebate. Notice is hereby given that the
applicable rate is 1.00 percent for
calendar year 2011.
DATES: The rate will be in effect for the
period beginning on January 1, 2011,
and ending on December 31, 2011.
FOR FURTHER INFORMATION CONTACT:
Inquiries should be directed to the
Agency Enterprise Solutions Division,
Financial Management Service,
Department of the Treasury, 401 14th
SUMMARY:
PO 00000
Frm 00105
Fmt 4703
Sfmt 9990
Street, SW., Washington, DC 20227
(Telephone: 202–874–9428).
The rate
reflects the current value of funds to the
Treasury for use in connection with
Federal Cash Management systems and
is based on investment rates set for
purposes of Public Law 95–147, 91 Stat.
1227. Computed each year by averaging
Treasury Tax and Loan (TT&L)
investment rates for the 12-month
period ending every September 30,
rounded to the nearest whole
percentage, for applicability effective
each January 1, the rate is subject to
quarterly revisions if the annual
average, on a moving basis, changes by
2 percentage points. The rate in effect
for the calendar year 2011 reflects the
average investment rates for the 12month period that ended September 30,
2010.
SUPPLEMENTARY INFORMATION:
Dated: October 14, 2010.
Sheryl R. Morrow,
Assistant Commissioner, Payment
Management.
[FR Doc. 2010–26815 Filed 10–25–10; 8:45 am]
BILLING CODE 4810–35–M
E:\FR\FM\26OCN1.SGM
26OCN1
]]>Agencies
[Federal Register Volume 75, Number 206 (Tuesday, October 26, 2010)]
[Notices]
[Page 65710]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-26815]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Fiscal Service
Current Value of Funds Rate
AGENCY: Financial Management Service, Fiscal Service, Treasury.
ACTION: Notice of rate for use in Federal debt collection and discount
and rebate evaluation.
-----------------------------------------------------------------------
SUMMARY: Pursuant to section 11 of the Debt Collection Act of 1982, as
amended, (31 U.S.C. 3717), the Secretary of the Treasury is responsible
for computing and publishing the percentage rate to be used in
assessing interest charges for outstanding debts owed to the
Government. Treasury's Cash Management Requirements (TFM Volume I, Part
6, Chapter 8000) prescribe use of this rate by agencies as a comparison
point in evaluating the cost-effectiveness of a cash discount. In
addition, 5 CFR 1315.8 of the Prompt Payment rule on ``Rebates''
requires that this rate be used in determining when agencies should pay
purchase card invoices when the card issuer offers a rebate. Notice is
hereby given that the applicable rate is 1.00 percent for calendar year
2011.
DATES: The rate will be in effect for the period beginning on January
1, 2011, and ending on December 31, 2011.
FOR FURTHER INFORMATION CONTACT: Inquiries should be directed to the
Agency Enterprise Solutions Division, Financial Management Service,
Department of the Treasury, 401 14th Street, SW., Washington, DC 20227
(Telephone: 202-874-9428).
SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds
to the Treasury for use in connection with Federal Cash Management
systems and is based on investment rates set for purposes of Public Law
95-147, 91 Stat. 1227. Computed each year by averaging Treasury Tax and
Loan (TT&L) investment rates for the 12-month period ending every
September 30, rounded to the nearest whole percentage, for
applicability effective each January 1, the rate is subject to
quarterly revisions if the annual average, on a moving basis, changes
by 2 percentage points. The rate in effect for the calendar year 2011
reflects the average investment rates for the 12-month period that
ended September 30, 2010.
Dated: October 14, 2010.
Sheryl R. Morrow,
Assistant Commissioner, Payment Management.
[FR Doc. 2010-26815 Filed 10-25-10; 8:45 am]
BILLING CODE 4810-35-M
