Discount Rates for Cost-Effectiveness Analysis of Federal Programs, 3026-3027 [2017-00209]
Download as PDF
<![CDATA[
3026
Federal Register / Vol. 82, No. 6 / Tuesday, January 10, 2017 / Notices
providers; research scientists and
academicians; Federal, State, Local
prosecutors, defense attorneys and
judges; law enforcement; and other
relevant stakeholders. DOJ encourages
submissions from applicants with
respect to diversity of backgrounds,
professions, ethnicities, gender, and
geography. The Commission shall
consist of approximately 30 voting
members. Members will serve without
compensation. The Commission
generally meets four times each year at
approximately three-month intervals.
The next Commission meetings will be
held on January 9–10, 2017 and April
10–11, 2017 in Washington, DC
Additional information regarding the
Commission can be found at: https://
www.justice.gov/ncfs.
Note: The Commission is developing
a draft Views document on Statistical
Statements in Forensic Testimony, and
it is anticipated that the additional
Commissioner member will contribute
to the Commission’s discussions on this
topic, as well as all other Commission
activities. On December 12, 2016, the
Department of Justice published in the
Federal Register a Notice announcing
the January 9–10, 2017, Federal
Advisory Committee Meeting of the
National Commission on Forensic
Science (81 FR 89509). That Notice also
announced that comments on draft work
products can be submitted through
www.regulations.gov starting on
December 23, 2016. Any comments
should be posted to
www.regulations.gov no later than
January 25, 2017.
Applications: Any qualified person
may apply to be considered for
appointment to this advisory committee.
Each application should include: (1) A
resume or curriculum vitae; (2) a
statement of interest describing the
applicant’s relevant experience; and (3)
a statement of support from the
applicant’s employer. Potential
candidates may be asked to provide
detailed information as necessary
regarding financial interests,
employment, and professional
affiliations to evaluate possible sources
of conflicts of interest. The application
period will remain open through
January 26, 2017. The applications must
be sent in one complete package, by
email, to Jonathan McGrath (contact
information above) with the subject line
of the email entitled, ‘‘NCFS
Membership 2017.’’ Other sources, in
addition to the Federal Register notice,
may be utilized in the solicitation of
applications.
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 will
be in effect through December 2017.
FOR FURTHER INFORMATION CONTACT:
Gideon Lukens, Office of Economic
Policy, Office of Management and
Budget, (202) 395–3316.
Dated: January 4, 2017.
Jonathan McGrath,
Designated Federal Officer, National
Commission on Forensic Science.
(Revised November 2016)
[FR Doc. 2017–00210 Filed 1–9–17; 8:45 am]
Effective Dates. This appendix is
updated annually. This version of the
appendix is valid for calendar year
2017. 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–
395–3316).
Nominal Discount Rates. A forecast of
nominal or market interest rates for
calendar year 2017 based on the
economic assumptions for the 2018
Budget is presented below. These
nominal rates are to be used for
discounting nominal flows, which are
often encountered in lease-purchase
analysis.
BILLING CODE 4410–18–P
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
SUMMARY:
Devin O’Connor,
Associate Director for Economic Policy, Office
of Management and Budget.
Attachment
OMB Circular No. A–94
Appendix C
Discount Rates for Cost-Effectiveness,
Lease Purchase, and Related Analyses
NOMINAL INTEREST RATES ON TREASURY NOTES AND BONDS OF SPECIFIED MATURITIES
[in percent]
5-Year
7-Year
10-Year
20-Year
30-Year
1.4
pmangrum on DSK3GDR082PROD with NOTICES
3-Year
1.7
1.9
2.1
2.5
2.8
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
2018 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
¥0.5
¥0.3
0.0
0.1
0.5
0.7
VerDate Sep<11>2014
14:59 Jan 09, 2017
Jkt 241001
PO 00000
Frm 00088
Fmt 4703
Sfmt 4703
E:\FR\FM\10JAN1.SGM
10JAN1
Federal Register / Vol. 82, No. 6 / Tuesday, January 10, 2017 / 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. 2017–00209 Filed 1–9–17; 8:45 am]
BILLING CODE P
NATIONAL ARCHIVES AND RECORDS
ADMINISTRATION
[NARA–2017–018]
Records Schedules; Availability and
Request for Comments
National Archives and Records
Administration (NARA).
ACTION: Notice of availability of
proposed records schedules; request for
comments.
AGENCY:
The National Archives and
Records Administration (NARA)
publishes notice at least once monthly
of certain Federal agency requests for
records disposition authority (records
schedules). Once approved by NARA,
records schedules provide mandatory
instructions on what happens to records
when agencies no longer need them for
current Government business. The
records schedules authorize agencies to
preserve records of continuing value in
the National Archives of the United
States and to destroy, after a specified
period, records lacking administrative,
legal, research, or other value. NARA
publishes notice in the Federal Register
for records schedules in which agencies
propose to destroy records not
previously authorized for disposal or
reduce the retention period of records
already authorized for disposal. NARA
invites public comments on such
records schedules, as required by 44
U.S.C. 3303a(a).
DATES: NARA must receive requests for
copies in writing by February 9, 2017.
Once NARA finishes appraising the
records, we will send you a copy of the
schedule you requested. We usually
prepare appraisal memoranda that
contain additional information
concerning the records covered by a
proposed schedule. You may also
request these. If you do, we will also
provide them once we have completed
the appraisal. You have 30 days after we
send to you these requested documents
in which to submit comments.
ADDRESSES: You may request a copy of
any records schedule identified in this
notice by contacting Records Appraisal
pmangrum on DSK3GDR082PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
14:59 Jan 09, 2017
Jkt 241001
and Agency Assistance (ACRA) using
one of the following means:
Mail: NARA (ACRA); 8601 Adelphi
Road; College Park, MD 20740–6001.
Email: request.schedule@nara.gov.
FAX: 301–837–3698.
You must cite the control number,
which appears in parentheses after the
name of the agency that submitted the
schedule, and a mailing address. If you
would like an appraisal report, please
include that in your request.
FOR FURTHER INFORMATION CONTACT:
Margaret Hawkins, Director, by mail at
Records Appraisal and Agency
Assistance (ACRA); National Archives
and Records Administration; 8601
Adelphi Road; College Park, MD 20740–
6001, by phone at 301–837–1799, or by
email at request.schedule@nara.gov.
SUPPLEMENTARY INFORMATION: Each year,
Federal agencies create billions of
records on paper, film, magnetic tape,
and other media. To control this
accumulation, agency records managers
prepare schedules proposing records
retention periods and submit these
schedules for NARA’s approval. These
schedules provide for timely transfer
into the National Archives of
historically valuable records and
authorize the agency to dispose of all
other records after the agency no longer
needs them to conduct its business.
Some schedules are comprehensive and
cover all the records of an agency or one
of its major subdivisions. Most
schedules, however, cover records of
only one office or program or a few
series of records. Many of these update
previously approved schedules, and
some include records proposed as
permanent.
The schedules listed in this notice are
media neutral unless otherwise
specified. An item in a schedule is
media neutral when an agency may
apply the disposition instructions to
records regardless of the medium in
which it creates or maintains the
records. Items included in schedules
submitted to NARA on or after
December 17, 2007, are media neutral
unless the item is expressly limited to
a specific medium. (See 36 CFR
1225.12(e).)
Agencies may not destroy Federal
records without Archivist of the United
States’ approval. The Archivist approves
destruction only after thoroughly
considering the records’ administrative
use by the agency of origin, the rights
of the Government and of private people
directly affected by the Government’s
activities, and whether or not the
records have historical or other value.
In addition to identifying the Federal
agencies and any subdivisions
PO 00000
Frm 00089
Fmt 4703
Sfmt 4703
3027
requesting disposition authority, this
notice lists the organizational unit(s)
accumulating the records (or notes that
the schedule has agency-wide
applicability when schedules cover
records that may be accumulated
throughout an agency); provides the
control number assigned to each
schedule, the total number of schedule
items, and the number of temporary
items (the records proposed for
destruction); and includes a brief
description of the temporary records.
The records schedule itself contains a
full description of the records at the file
unit level as well as their disposition. If
NARA staff has prepared an appraisal
memorandum for the schedule, it also
includes information about the records.
You may request additional information
about the disposition process at the
addresses above.
Schedules Pending
1. Department of the Army, Agencywide (DAA–AU–2016–0063, 1 item, 1
temporary item). Master files of an
electronic information system used to
provide background data for safety and
occupational health programs.
2. Department of Homeland Security,
Transportation Security Administration
(DAA–0560–2017–0001, 1 item, 1
temporary item). Files related to
employee requests for a change in duty
station due to a personal hardship.
3. Department of Homeland Security,
United States Citizenship and
Immigration Services (DAA–0566–
2016–0021, 5 items, 5 temporary items).
Applications for approval of potential
job-creating commercial enterprises that
immigrant investors may finance.
4. Department of Homeland Security,
United States Citizenship and
Immigration Services (DAA–0566–
2016–0022, 8 items, 8 temporary items).
Applications for a travel document to
demonstrate to a commercial
transportation carrier a permanent
resident’s eligibility to enter the United
States.
5. Department of Homeland Security,
United States Citizenship and
Immigration Services (DAA–0566–
2017–0001, 9 items, 9 temporary items).
Petitions from large multinational
corporations to be granted approval to
participate in a simplified process for
requesting visas for intra-company
transfers of managers and professionals.
6. Department of Justice, Federal
Bureau of Investigation (DAA–0065–
2016–0002, 1 item, 1 temporary item).
Master files of an electronic information
system used to track actions and results
related to encounters between law
enforcement officials and known or
suspected terrorists, including
E:\FR\FM\10JAN1.SGM
10JAN1
]]>Agencies
[Federal Register Volume 82, Number 6 (Tuesday, January 10, 2017)]
[Notices]
[Pages 3026-3027]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-00209]
=======================================================================
-----------------------------------------------------------------------
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 will be in effect through December
2017.
FOR FURTHER INFORMATION CONTACT: Gideon Lukens, Office of Economic
Policy, Office of Management and Budget, (202) 395-3316.
Devin O'Connor,
Associate Director for Economic Policy, Office of Management and
Budget.
Attachment
OMB Circular No. A-94
Appendix C
(Revised November 2016)
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 2017. 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 (202-395-3316).
Nominal Discount Rates. A forecast of nominal or market interest
rates for calendar year 2017 based on the economic assumptions for the
2018 Budget is 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
----------------------------------------------------------------------------------------------------------------
1.4 1.7 1.9 2.1 2.5 2.8
----------------------------------------------------------------------------------------------------------------
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 2018 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
----------------------------------------------------------------------------------------------------------------
-0.5 -0.3 0.0 0.1 0.5 0.7
----------------------------------------------------------------------------------------------------------------
[[Page 3027]]
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. 2017-00209 Filed 1-9-17; 8:45 am]
BILLING CODE P
