Departmental Offices; Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds, 44926 [2016-16342]
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Federal Register / Vol. 81, No. 132 / Monday, July 11, 2016 / Notices
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[FR Doc. 2016–16128 Filed 7–8–16; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Departmental Offices; Interest Rate
Paid on Cash Deposited To Secure
U.S. Immigration and Customs
Enforcement Immigration Bonds
Departmental Offices, Treasury.
Notice.
AGENCY:
ACTION:
For the period beginning July
1, 2016, and ending on September 30,
2016, the U.S. Immigration and Customs
Enforcement Immigration Bond interest
rate is 0.27 per centum per annum.
ADDRESSES: Comments or inquiries may
be mailed to Sam Doak, Reporting Team
Leader, Federal Borrowings Branch,
Division of Accounting Operations,
Office of Public Debt Accounting,
Bureau of the Fiscal Service,
SUMMARY:
PO 00000
Frm 00089
Fmt 4703
Sfmt 9990
Parkersburg, West Virginia, 26106–1328.
You can download this notice at the
following Internet addresses: https://
www.treasury.gov or https://
www.federalregister.gov.
Effective July 1, 2016 to
September 30, 2016.
DATES:
FOR FURTHER INFORMATION CONTACT:
Adam Charlton, Manager, Federal
Borrowings Branch, Office of Public
Debt Accounting, Bureau of the Fiscal
Service, Parkersburg, West Virginia
26106–1328, (304) 480–5248; Sam Doak,
Reporting Team Leader, Federal
Borrowings Branch, Division of
Accounting Operations, Office of Public
Debt Accounting, Bureau of the Fiscal
Service, Parkersburg, West Virginia
26106–1328, (304) 480–5117.
Federal
law requires that interest payments on
cash deposited to secure immigration
bonds shall be ‘‘at a rate determined by
the Secretary of the Treasury, except
that in no case shall the interest rate
exceed 3 per centum per annum.’’ 8
U.S.C. 1363(a). Related Federal
regulations state that ‘‘Interest on cash
deposited to secure immigration bonds
will be at the rate as determined by the
Secretary of the Treasury, but in no case
will exceed 3 per centum per annum or
be less than zero.’’ 8 CFR 293.2.
Treasury has determined that interest on
the bonds will vary quarterly and will
accrue during each calendar quarter at
a rate equal to the lesser of the average
of the bond equivalent rates on 91-day
Treasury bills auctioned during the
preceding calendar quarter, or 3 per
centum per annum, but in no case less
than zero. [FR Doc. 2015–18545] In
addition to this Notice, Treasury posts
the current quarterly rate in Table 2b—
Interest Rates for Specific Legislation on
the TreasuryDirect Web site.
SUPPLEMENTARY INFORMATION:
Gary Grippo,
Deputy Assistant Secretary for Public
Finance.
[FR Doc. 2016–16342 Filed 7–8–16; 8:45 am]
BILLING CODE 4810–25–P
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Agencies
[Federal Register Volume 81, Number 132 (Monday, July 11, 2016)]
[Notices]
[Page 44926]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16342]
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DEPARTMENT OF THE TREASURY
Departmental Offices; Interest Rate Paid on Cash Deposited To
Secure U.S. Immigration and Customs Enforcement Immigration Bonds
AGENCY: Departmental Offices, Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: For the period beginning July 1, 2016, and ending on September
30, 2016, the U.S. Immigration and Customs Enforcement Immigration Bond
interest rate is 0.27 per centum per annum.
ADDRESSES: Comments or inquiries may be mailed to Sam Doak, Reporting
Team Leader, Federal Borrowings Branch, Division of Accounting
Operations, Office of Public Debt Accounting, Bureau of the Fiscal
Service, Parkersburg, West Virginia, 26106-1328. You can download this
notice at the following Internet addresses: https://www.treasury.gov or
https://www.federalregister.gov.
DATES: Effective July 1, 2016 to September 30, 2016.
FOR FURTHER INFORMATION CONTACT: Adam Charlton, Manager, Federal
Borrowings Branch, Office of Public Debt Accounting, Bureau of the
Fiscal Service, Parkersburg, West Virginia 26106-1328, (304) 480-5248;
Sam Doak, Reporting Team Leader, Federal Borrowings Branch, Division of
Accounting Operations, Office of Public Debt Accounting, Bureau of the
Fiscal Service, Parkersburg, West Virginia 26106-1328, (304) 480-5117.
SUPPLEMENTARY INFORMATION: Federal law requires that interest payments
on cash deposited to secure immigration bonds shall be ``at a rate
determined by the Secretary of the Treasury, except that in no case
shall the interest rate exceed 3 per centum per annum.'' 8 U.S.C.
1363(a). Related Federal regulations state that ``Interest on cash
deposited to secure immigration bonds will be at the rate as determined
by the Secretary of the Treasury, but in no case will exceed 3 per
centum per annum or be less than zero.'' 8 CFR 293.2. Treasury has
determined that interest on the bonds will vary quarterly and will
accrue during each calendar quarter at a rate equal to the lesser of
the average of the bond equivalent rates on 91-day Treasury bills
auctioned during the preceding calendar quarter, or 3 per centum per
annum, but in no case less than zero. [FR Doc. 2015-18545] In addition
to this Notice, Treasury posts the current quarterly rate in Table 2b--
Interest Rates for Specific Legislation on the TreasuryDirect Web site.
Gary Grippo,
Deputy Assistant Secretary for Public Finance.
[FR Doc. 2016-16342 Filed 7-8-16; 8:45 am]
BILLING CODE 4810-25-P