Fiscal Service June 2005 – Federal Register Recent Federal Regulation Documents
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U.S. Treasury Securities-State and Local Government Series
The Department of the Treasury (Treasury) is issuing this final rule to revise the regulations governing State and Local Government Series (SLGS) securities. SLGS securities are non-marketable Treasury securities that are only available for purchase by issuers of tax-exempt securities. The changes in the final rule prohibit issuers of tax-exempt securities from engaging in certain practices that in effect use the SLGS program as a cost-free option. The final rule also makes other changes that are designed to improve the administration of the SLGS program.
Demand Deposit Securities of the State and Local Government Series (SLGS); Average Marginal Tax Rate and Treasury Administrative Cost
This notice is being published to provide the information necessary to apply the interest rate formula for Demand Deposit certificates of indebtednessState and Local Government Series (SLGS) (31 CFR Part 344, Subpart C). The factor necessary to convert the interest rate to a tax-exempt equivalent (1the estimated average marginal tax rate of purchasers of tax-exempt bonds) is 1-.21 or .79. The current Treasury administrative cost is five basis points. Treasury is amending this rate and designating the new Treasury administrative cost, as of the effective date of this notice, as one basis point. The final rule, amending the regulations governing SLGS securities, which appears elsewhere in this issue of the Federal Register, makes provision for the simultaneous publication of this notice (31 CFR 344.7).
Surety Companies Acceptable on Federal Bonds: Termination Atlantic Mutual Insurance Company Centennial Insurance Company
This is Supplement No. 15 to the Treasury Department Circular 570; 2004 Revision, published July 1, 2004, at 69 FR 40224.
Surety Companies Acceptable on Federal Bonds-Terminations: Gulf Insurance Company and Select Insurance Company
This is Supplement No. 14 to the Treasury Department Circular 570; 2004 Revision, published July 1, 2004, at 69 FR 40224.
Surety Companies Acceptable on Federal Bonds: Termination-Zenith Insurance Company
This is Supplement No. 13 to the Treasury Department Circular 570, 2004 Revision, published July 1, 2004 at 69 FR 40224.
Surety Companies Acceptable on Federal Bonds: Name Change-Ranger Insurance Company
This is Supplement No. 12 to the Treasury Department Circular 570; 2004 Revision, published July 1, 2004, at 69 FR 40224.
Privacy Act of 1974, as Amended; System of Records
In accordance with the Privacy Act of 1974, as amended, the Department of the Treasury, Office of Domestic Finance, Fiscal Service gives notice of a proposed system of records. The new system contains records about individuals who apply for digital certificates under the Fiscal Service Certificate Authority which is administered under the Department of the Treasury Certificate Policy. A new Privacy Act System is proposed in order to accomplish the Department's obligations to protect privacy, to ensure the security of data and to maintain required records.
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