U.S. Antarctic Program Blue Ribbon Panel; Notice of Meeting, 1743 [2012-286]
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Federal Register / Vol. 77, No. 7 / Wednesday, January 11, 2012 / Notices
OFFICE OF MANAGEMENT AND
BUDGET
Discount Rates for Cost-Effectiveness
Analysis of Federal Programs
Office of Management and
Budget.
ACTION: Revisions to Appendix C of
OMB Circular A–94.
AGENCY:
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,
SUMMARY:
including lease-purchase analysis, as
specified in the revised Circular. They
do not apply to regulatory analysis.
DATES: The revised discount rates will
be in effect through December 2012.
FOR FURTHER INFORMATION CONTACT:
Robert B. Anderson, Office of Economic
Policy, Office of Management and
Budget, (202) 395–3381.
Michael C. Falkenheim,
Acting Associate Director for Economic
Policy, Office of Management and Budget.
Attachment
OMB Circular No. A–94
Appendix C
(Revised December 2011)
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 2012. 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/. The text of the
Circular is found at https://
www.whitehouse.gov/omb/circulars_a094/,
and a table of past years’ rates is located at
https://www.whitehouse.gov/sites/default/
files/omb/assets/a94/dischist.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 calendar
year 2012 based on the economic
assumptions for the 2013 Budget are
presented below. These nominal rates are to
be used for discounting nominal flows,
which are often encountered in leasepurchase 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
1.6 ................................................................................................................................
2.1
2.5
2.8
3.5
3.8
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 2013 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
0.0 ................................................................................................................................
0.4
0.7
1.1
1.7
2.0
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. 2012–308 Filed 1–10–12; 8:45 am]
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pmangrum on DSK3VPTVN1PROD with NOTICES
U.S. Antarctic Program Blue Ribbon
Panel; Notice of Meeting
In accordance with Federal Advisory
Committee Act (Pub. L. 92–463, as
amended), the National Science
Foundation announces the following
meeting:
Name: U.S. Antarctic Program Blue Ribbon
Panel Review, #76826.
Date/Time: January 24, 2012, 8 a.m. to 5
p.m., January 25, 2012, 8 a.m. to 5 p.m.
VerDate Mar<15>2010
15:02 Jan 10, 2012
Jkt 226001
Place: National Science Foundation, 4201
Wilson Boulevard, Room 1295, Arlington,
VA 22230.
Type of Meeting: Open.
Contact Person: Sue LaFratta, Office of
Polar Programs (OPP). National Science
Foundation, 4201 Wilson Boulevard,
Arlington, VA 22230. (703) 292–8030.
Minutes: May be obtained from the contact
person listed above.
Purpose of Meeting: The Panel will
conduct an independent review of the
current U.S. Antarctic Program to ensure the
nation is pursuing the best twenty-year
trajectory for conducting science and
diplomacy in Antarctica—one that is
environmentally sound, safe, innovative,
affordable, sustainable, and consistent with
the Antarctic Treaty.
Agenda: Present the Panel with additional
programmatic information related to
opportunities and challenges for Antarctic
research and research support; discussion of
other Agency requirements for research and
support in Antarctica; planning for
additional meetings.
PO 00000
Frm 00079
Fmt 4703
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Dated: January 5, 2012.
Susanne Bolton,
Committee Management Officer.
[FR Doc. 2012–286 Filed 1–10–12; 8:45 am]
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Nuclear Regulatory
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ACTION: License amendment;
opportunity to request a hearing,
petition for leave to intervene, and
order.
AGENCY:
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[Federal Register Volume 77, Number 7 (Wednesday, January 11, 2012)]
[Notices]
[Page 1743]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-286]
=======================================================================
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NATIONAL SCIENCE FOUNDATION
U.S. Antarctic Program Blue Ribbon Panel; Notice of Meeting
In accordance with Federal Advisory Committee Act (Pub. L. 92-463,
as amended), the National Science Foundation announces the following
meeting:
Name: U.S. Antarctic Program Blue Ribbon Panel Review,
76826.
Date/Time: January 24, 2012, 8 a.m. to 5 p.m., January 25, 2012,
8 a.m. to 5 p.m.
Place: National Science Foundation, 4201 Wilson Boulevard, Room
1295, Arlington, VA 22230.
Type of Meeting: Open.
Contact Person: Sue LaFratta, Office of Polar Programs (OPP).
National Science Foundation, 4201 Wilson Boulevard, Arlington, VA
22230. (703) 292-8030.
Minutes: May be obtained from the contact person listed above.
Purpose of Meeting: The Panel will conduct an independent review
of the current U.S. Antarctic Program to ensure the nation is
pursuing the best twenty-year trajectory for conducting science and
diplomacy in Antarctica--one that is environmentally sound, safe,
innovative, affordable, sustainable, and consistent with the
Antarctic Treaty.
Agenda: Present the Panel with additional programmatic
information related to opportunities and challenges for Antarctic
research and research support; discussion of other Agency
requirements for research and support in Antarctica; planning for
additional meetings.
Dated: January 5, 2012.
Susanne Bolton,
Committee Management Officer.
[FR Doc. 2012-286 Filed 1-10-12; 8:45 am]
BILLING CODE 7555-01-P
