Years > 2016 > January, 2016 > Monday, January 11, 2016
Next Article Next
Next Previous Article
81 FR 6 pgs. 1289-1290 - Departmental Offices; Interest Rate Paid on Cash Deposited to Secure U.S. Immigration and Customs; Enforcement Immigration Bonds

Type: NOTICEVolume: 81Number: 6Pages: 1289 - 1290
FR document: [FR Doc. 2016-00291 Filed 1-8-16; 8:45 am]
Agency: Treasury Department
Official PDF Version:  PDF Version
Pages: 1289, 1290

[top] page 1289

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 January 1, 2016, and ending on March 31, 2016, the U.S. Immigration and Customs Enforcement Immigration Bond interest rate is 0.14 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: http://www.treasury.gov or http://www.federalregister.gov.

DATES:

Effective January 1, 2016 to March 31, 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:


[top] 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 page 1290 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. 2016-00291 Filed 1-8-16; 8:45 am]

BILLING CODE 4810-25-P