Discount Rates for Cost-Effectiveness Analysis of Federal Programs, 5646-5647 [2018-02520]

Download as PDF 5646 Federal Register / Vol. 83, No. 27 / Thursday, February 8, 2018 / Notices following information collection activity: Title of Collection: 30 CFR part 875— Certification and Noncoal Reclamation. OMB Control Number: 1029–0103. Abstract: This Part establishes procedures and requirements for States and Indian tribes to conduct noncoal reclamation under abandoned mine land funding. The information is needed to assure compliance with the Surface Mining Control and Reclamation Act of 1977. Form Numbers: N/A. Type of Review: Extension of a currently approved collection. Respondents/Affected Public: State and Tribal reclamation authorities. Total Estimated Number of Annual Respondents: 1. Total Estimated Number of Annual Responses: 1. Estimated Completion Time per Response: 84 hours. Total Estimated Number of Annual Burden Hours: 84. Respondent’s Obligation: Required to obtain or retain a benefit. Frequency of Collection: Once. Total Annual Non-Wage Cost: $0. Authority: The authorities for this action are the Surface Mining Control and Reclamation Act of 1977, as amended (30 U.S.C. 1201 et seq.), and the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.). John A. Trelease, Acting Chief, Division of Regulatory Support. [FR Doc. 2018–02506 Filed 2–7–18; 8:45 am] BILLING CODE 4310–05–P States within a reasonably foreseeable time. Background The Commission, pursuant to section 751(c) of the Act (19 U.S.C. 1675(c)), instituted these reviews on July 3, 2017 (82 FR 30902) and determined on October 6, 2017 that it would conduct expedited reviews (82 FR 49659, October 26, 2017). The Commission made these determinations pursuant to section 751(c) of the Act (19 U.S.C. 1675(c)). It completed and filed its determinations in these reviews on February 2, 2018. The views of the Commission are contained in USITC Publication 4758 (February 2018), entitled Lined Paper School Supplies from China and India: Investigation Nos. 701–TA–442 and 731–TA–1095–1096 (Second Review). Issued: February 2, 2018. By order of the Commission. Lisa R. Barton, Secretary to the Commission. [FR Doc. 2018–02479 Filed 2–7–18; 8:45 am] BILLING CODE 7020–02–P INTERNATIONAL TRADE COMMISSION [USITC SE–18–008] Sunshine Act Meetings United States International Trade Commission. AGENCY HOLDING THE MEETING: TIME AND DATE: February 12, 2018 at 11:00 a.m. Room 101, 500 E Street SW, Washington, DC 20436, Telephone: (202) 205–2000. PLACE: [Investigation Nos. 701–TA–442 and 731– TA–1095–1096 (Second Review)] STATUS: Lined Paper School Supplies From China and India; Determinations daltland on DSKBBV9HB2PROD with NOTICES INTERNATIONAL TRADE COMMISSION 1. Agendas for future meetings: None. 2. Minutes. 3. Ratification List. 4. Vote in Inv. Nos. 701–TA–388, 389, and 391 and 731–TA–817, 818, and 821 (Third Review) (Cut-to-Length CarbonQuality Steel Plate from India, Indonesia, and Korea). The Commission is currently scheduled to complete and file its determinations and views of the Commission by February 26, 2018. 5. Outstanding action jackets: None. In accordance with Commission policy, subject matter listed above, not disposed of at the scheduled meeting, may be carried over to the agenda of the following meeting. 1 The record is defined in sec. 207.2(f) of the Commission’s Rules of Practice and Procedure (19 CFR 207.2(f)). VerDate Sep<11>2014 17:18 Feb 07, 2018 Jkt 244001 By order of the Commission. PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 [FR Doc. 2018–02620 Filed 2–6–18; 4:15 pm] BILLING CODE 7020–02–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 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 2018. FOR FURTHER INFORMATION CONTACT: Gideon Lukens, Office of Economic Policy, Office of Management and Budget, (202) 395–3316. SUMMARY: Jeffrey Schlagenhauf, Associate Director for Economic Policy, Office of Management and Budget. Attachment OMB Circular No. A–94 Open to the public. Appendix C MATTERS TO BE CONSIDERED: On the basis of the record 1 developed in the subject five-year reviews, the United States International Trade Commission (‘‘Commission’’) determines, pursuant to the Tariff Act of 1930 (‘‘the Act’’), that revocation of the countervailing duty order on lined paper school supplies from India and the antidumping duty orders on lined paper school supplies from China and India would be likely to lead to continuation or recurrence of material injury to an industry in the United Issued: February 5, 2018. William R. Bishop, Supervisory Hearings and Information Officer. (Revised November 2017) 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 2018. A copy of the updated appendix can be obtained in electronic form through the OMB home page at https://www.whitehouse.gov/wp-content/ uploads/2017/1 l/Appendix-C.pdf. The text of the Circular is found at btlps:// www.whitehouse.gov/sites/whitehouse.gov/ files/omb/cirular/A94/a094.pdf and a table of past years’ rates is located at https:// www.whitehouse.gov/wp-content/uploads/ 2017/1l/DISCHIST-2018-1.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 E:\FR\FM\08FEN1.SGM 08FEN1 5647 Federal Register / Vol. 83, No. 27 / Thursday, February 8, 2018 / Notices year 2018 based on the economic assumptions for the 2019 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 1.0 1.3 1.6 1.8 2.2 2.6 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 2019 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 ¥0.8 ¥0.6 ¥0.3 ¥0.1 0.2 0.6 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. 2018–02520 Filed 2–7–18; 8:45 am] BILLING CODE 3110–01–P NATIONAL COUNCIL ON DISABILITY Sunshine Act Meetings The Members of the National Council on Disability (NCD) will hold a quarterly meeting on Thursday, March 8, from 9:00 a.m.–5:00 p.m., Eastern Time, in Washington, DC. PLACE: This meeting will occur in Washington, DC, at the Access Board Conference Room, 1331 F Street NW, Suite 800, Washington, DC 20004. Interested parties may join the meeting in person at the meeting location or may join by phone in a listening-only capacity (other than the period allotted for public comment noted below) using the following call-in information: Teleconference number: 1–888–599– 8667; Conference ID: 9890793; Conference Title: NCD Meeting; Host Name: Clyde Terry. MATTERS TO BE CONSIDERED: The Council will receive agency updates on policy projects, finance, governance, and other business. The Council will receive an update on the work done to date for its 2018 Progress Report to Congress and the President, which this year will focus on monitoring and enforcement efforts in three federal agencies. The Council will next release its latest report titled, ‘‘U.S. Foreign Policy and Disability 2017: Progress and Promise’’ with a daltland on DSKBBV9HB2PROD with NOTICES TIME AND DATES: VerDate Sep<11>2014 17:18 Feb 07, 2018 Jkt 244001 summary of the report followed by a respondent panel. The Council will then revisit its 2017 Progress Report, which explored the intersection of disability and poverty, and receive public comments on which of the report’s recommendations are of greatest importance for NCD’s immediate followup activities. Following the public comment, the Council will discuss future 2018 policy activity building off of the 2017 Progress Report. The Council will conclude its meeting with a policy panel including representatives from the U.S. Department of Justice (invited), who have been asked to speak about recent ADA regulation rescissions as well as their work in the area of service animals. AGENDA: The times provided below are approximations for when each agenda item is anticipated to be discussed (all times Eastern): Thursday, March 8 9:00–9:30 a.m.—Welcome and introductions 9:30–10:15 a.m.—2018 Progress Report update and discussion 10:15–10:30 a.m.—Break 10:30–11:30 a.m.—Foreign policy report release and respondent panel 11:30 a.m.–12:00 p.m.—NCD business meeting 12:00–12:15 p.m.—Training on Council Member time reports 12:15–1:45 p.m.—LUNCH BREAK 1:45–2:00 p.m.—Recap of 2017 Progress Report (intersection of poverty and disability) 2:00–2:30 p.m.—Public comments (focused on recommendations of the 2017 NCD Progress Report on poverty) 2:30–2:45 p.m.—BREAK PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 2:45–3:45 p.m.—Policy recommendations for FY 2018 building off 2017 Progress Report 3:45–5:00 p.m.—Panel of Department of Justice representatives regarding rescinded ADA regulations and agency activities regarding service animals (invited) 5:00 p.m.—Adjourn To better facilitate NCD’s public comment, any individual interested in providing public comment is asked to register his or her intent to provide comment in advance by sending an email to PublicComment@ncd.gov with the subject line ‘‘Public Comment’’ with your name, organization, state, and topic of comment included in the body of your email. Full-length written public comments may also be sent to that email address. All emails to register for public comment at the quarterly meeting must be received by Wednesday, March 7, 2018. Priority will be given to those individuals who are in-person to provide their comments during the public comment period. Those commenters on the phone will be called on per the list of those registered via email. Due to time constraints, NCD asks all commenters to limit their comments to three minutes. Comments received at the March quarterly meeting will be limited to those regarding the public’s input on which of the 2017 NCD Progress Report’s recommendations are of greatest importance for NCD’s immediate followup activities in 2018. PUBLIC COMMENT: CONTACT PERSON FOR MORE INFORMATION: Anne Sommers, NCD, 1331 F Street NW, Suite 850, Washington, DC 20004; 202–272–2004 (V), 202–272–2074 (TTY). E:\FR\FM\08FEN1.SGM 08FEN1

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[Federal Register Volume 83, Number 27 (Thursday, February 8, 2018)]
[Notices]
[Pages 5646-5647]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02520]


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-----------------------------------------------------------------------

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 
2018.

FOR FURTHER INFORMATION CONTACT: Gideon Lukens, Office of Economic 
Policy, Office of Management and Budget, (202) 395-3316.

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

Attachment

OMB Circular No. A-94

Appendix C

(Revised November 2017)

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 2018. A copy of the 
updated appendix can be obtained in electronic form through the OMB 
home page at https://www.whitehouse.gov/wp-content/uploads/2017/1 l/
Appendix-C.pdf. The text of the Circular is found at btlps://
www.whitehouse.gov/sites/whitehouse.gov/files/omb/cirular/A94/a094.pdf and a table of past years' rates is located at https://www.whitehouse.gov/wp-content/uploads/2017/1l/DISCHIST-2018-1.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

[[Page 5647]]

year 2018 based on the economic assumptions for the 2019 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
----------------------------------------------------------------------------------------------------------------
            1.0                1.3                1.6                1.8                2.2                2.6
----------------------------------------------------------------------------------------------------------------

    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 2019 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
----------------------------------------------------------------------------------------------------------------
           -0.8               -0.6               -0.3               -0.1                0.2                0.6
----------------------------------------------------------------------------------------------------------------

    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. 2018-02520 Filed 2-7-18; 8:45 am]
 BILLING CODE 3110-01-P