80_FR_45162 80 FR 45018 - Departmental Offices; Change in the Calculation of Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds

80 FR 45018 - Departmental Offices; Change in the Calculation of Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 144 (July 28, 2015)

Page Range45018-45019
FR Document2015-18545

The Department of Homeland Security, U.S. Immigration and Customs Enforcement, amended its regulations at 8 CFR part 293 on the payment of interest on cash bond deposits to 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.'' For the purposes of this provision, Treasury is providing notice that interest on the bonds 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. The rate will be a variable rate re-calculated quarterly. Treasury will post this rate in Table 2b--Interest Rates for Specific Legislation on the TreasuryDirect Web site beginning on October 1, 2015 and subsequently in the Federal Register.

Federal Register, Volume 80 Issue 144 (Tuesday, July 28, 2015) 
[Federal Register Volume 80, Number 144 (Tuesday, July 28, 2015)]
[Notices]
[Pages 45018-45019]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-18545]


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DEPARTMENT OF THE TREASURY


Departmental Offices; Change in the Calculation of Interest Rate 
Paid on Cash Deposited To Secure U.S. Immigration and Customs 
Enforcement Immigration Bonds

AGENCY: Departmental Offices, Treasury.

ACTION: Notice.

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SUMMARY: The Department of Homeland Security, U.S. Immigration and 
Customs Enforcement, amended its regulations at 8 CFR part 293 on the 
payment of interest on cash bond deposits to 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.'' For the purposes of this 
provision, Treasury is providing notice that interest on the bonds 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

[[Page 45019]]

than zero. The rate will be a variable rate re-calculated quarterly. 
Treasury will post this rate in Table 2b--Interest Rates for Specific 
Legislation on the TreasuryDirect Web site beginning on October 1, 2015 
and subsequently in the Federal Register.

DATES: This notice is effective October 1, 2015.

ADDRESSES: You can download this notice at the following Internet 
addresses: http://www.treasury.gov or http://www.federalregister.gov.

FOR FURTHER INFORMATION CONTACT: Colleen McLoughlin, Office of Federal 
Program Finance, Department of the Treasury, 1500 Pennsylvania Avenue 
NW., Washington, DC 20220, (202) 622-5447.

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). Since 1971, this rate has been set at a fixed 3 per centum per 
annum. Beginning October 1, 2015, cash bond deposits will pay a 
variable rate of interest that changes quarterly based on 91-day 
Treasury bills. This change will better reflect market conditions and 
the true time value of the cash placed on deposit.

    Dated: July 20, 2015.
Gary Grippo,
Deputy Assistant Secretary for Public Finance.
[FR Doc. 2015-18545 Filed 7-27-15; 8:45 am]
 BILLING CODE 4810-25-P

45018 Federal Register / Vol. 80, No. 144 / Tuesday, July 28, 2015 / Notices Estimated Number of Respondents: opportunity to comment on proposed displays a valid OMB control number. 5,000. and/or continuing information Books or records relating to a collection Estimated Time per Respondent: 7 collections, as required by the of information must be retained as long hours 10 minutes. Paperwork Reduction Act of 1995, as their contents may become material Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. in the administration of any internal Hours: 35,900. 3506(c)(2)(A)). Currently, the IRS is revenue law. Generally, tax returns and The following paragraph applies to all soliciting comments concerning Form tax return information are confidential, of the collections of information covered 8811, Information Return for Real Estate as required by 26 U.S.C. 6103. by this notice: Mortgage Investment Conduits (REMICs) Request for Comments: Comments An agency may not conduct or and Issuers of Collateralized Debt submitted in response to this notice will sponsor, and a person is not required to Obligations. be summarized and/or included in the respond to, a collection of information request for OMB approval. All unless the collection of information DATES: Written comments should be comments will become a matter of displays a valid OMB control number. received on or before September 28, public record. Comments are invited on: Books or records relating to a collection 2015 to be assured of consideration. (a) Whether the collection of of information must be retained as long ADDRESSES: Direct all written comments information is necessary for the proper as their contents may become material to Christie A. Preston, Internal Revenue performance of the functions of the in the administration of any internal Service, Room 6129, 1111 Constitution agency, including whether the revenue law. Generally, tax returns and Avenue NW., Washington, DC 20224. information shall have practical utility; tax return information are confidential, FOR FURTHER INFORMATION CONTACT: (b) the accuracy of the agency’s estimate as required by 26 U.S.C. 6103. Requests for additional information or of the burden of the collection of Request For Comments: Comments copies of the form and instructions information; (c) ways to enhance the submitted in response to this notice will should be directed to Martha R. Brinson, quality, utility, and clarity of the be summarized and/or included in the Internal Revenue Service, Room 6129, information to be collected; (d) ways to request for OMB approval. All 1111 Constitution Avenue NW., minimize the burden of the collection of comments will become a matter of Washington, DC 20224, or through the information on respondents, including public record. Comments are invited on: Internet at Martha.R.Brinson@irs.gov. through the use of automated collection (a) Whether the collection of SUPPLEMENTARY INFORMATION: techniques or other forms of information information is necessary for the proper Title: Information Return for Real technology; and (e) estimates of capital performance of the functions of the Estate Mortgage Investment Conduits or start-up costs and costs of operation, agency, including whether the (REMICs) and Issuers of Collateralized maintenance, and purchase of services information shall have practical utility; Debt Obligations. to provide information. (b) the accuracy of the agency’s estimate OMB Number: 1545–1099. Approved: July 9, 2015. of the burden of the collection of Form Number: 8811. Christie A. Preston, information; (c) ways to enhance the Abstract: Current regulations require IRS Reports Clearance Officer. quality, utility, and clarity of the real estate mortgage investment conduits (REMICs) to provide Forms [FR Doc. 2015–18508 Filed 7–27–15; 8:45 am] information to be collected; (d) ways to 1099 to true holders of interests in these BILLING CODE 4830–01–P minimize the burden of the collection of information on respondents, including investment vehicles. Because of the through the use of automated collection complex computations required at each DEPARTMENT OF THE TREASURY techniques or other forms of information level and the potential number of technology; and (e) estimates of capital nominees, the ultimate investor may not Departmental Offices; Change in the or start-up costs and costs of operation, receive a Form 1099 and other Calculation of Interest Rate Paid on maintenance, and purchase of services information necessary to prepare their Cash Deposited To Secure U.S. to provide information. tax return in a timely fashion. Form Immigration and Customs Approved: July 10, 2015. 8811 collects information for publishing Enforcement Immigration Bonds by the IRS so that brokers can contact Christie Preston, AGENCY: Departmental Offices, Treasury. REMICs to request the financial IRS Reports Clearance Officer. information and timely issue Forms ACTION: Notice. [FR Doc. 2015–18491 Filed 7–27–15; 8:45 am] 1099 to holders. BILLING CODE 4830–01–P Current Actions: There are no changes SUMMARY: The Department of Homeland being made to this form at this time. Security, U.S. Immigration and Customs Type of Review: Extension of a Enforcement, amended its regulations at DEPARTMENT OF THE TREASURY currently approved collection. 8 CFR part 293 on the payment of Affected Public: Business or other for- interest on cash bond deposits to state Internal Revenue Service profit organizations. that ‘‘Interest on cash deposited to Estimated Number of Responses: secure immigration bonds will be at the Proposed Collection; Comment rate as determined by the Secretary of Request for Form 8811 1,000. Estimated Time per Response: 4 hr., the Treasury, but in no case will exceed AGENCY: Internal Revenue Service (IRS), 23 min. 3 per centum per annum or be less than zero.’’ For the purposes of this asabaliauskas on DSK5VPTVN1PROD with NOTICES Treasury. Estimated Total Annual Burden ACTION: Notice and request for Hours: 4,380. provision, Treasury is providing notice comments. The following paragraph applies to all that interest on the bonds will accrue of the collections of information covered during each calendar quarter at a rate SUMMARY: The Department of the by this notice: equal to the lesser of the average of the Treasury, as part of its continuing effort An agency may not conduct or bond equivalent rates on 91-day to reduce paperwork and respondent sponsor, and a person is not required to Treasury bills auctioned during the burden, invites the general public and respond to, a collection of information preceding calendar quarter, or 3 per other Federal agencies to take this unless the collection of information centum per annum, but in no case less VerDate Sep<11>2014 19:17 Jul 27, 2015 Jkt 235001 PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 E:\FR\FM\28JYN1.SGM 28JYN1

Federal Register / Vol. 80, No. 144 / Tuesday, July 28, 2015 / Notices 45019 than zero. The rate will be a variable true time value of the cash placed on and treatment of disabled Veterans, and rate re-calculated quarterly. Treasury deposit. other matters pertinent to the will post this rate in Table 2b—Interest Dated: July 20, 2015. Department’s Veterans Health Rates for Specific Legislation on the Gary Grippo, Administration (VHA). TreasuryDirect Web site beginning on Deputy Assistant Secretary for Public The agenda for the August 25, 2015, October 1, 2015 and subsequently in the Finance. meeting will include the review of the Federal Register. [FR Doc. 2015–18545 Filed 7–27–15; 8:45 am] minutes and key points from the May DATES: This notice is effective October 13, 2015, SMAG meeting and further BILLING CODE 4810–25–P 1, 2015. discussion of the key elements of the VHA Blueprint for Excellence. ADDRESSES: You can download this Although no time will be allocated for notice at the following Internet DEPARTMENT OF VETERANS receiving oral presentations from the addresses: http://www.treasury.gov or AFFAIRS public, members of the public may http://www.federalregister.gov. submit written statements for review by Special Medical Advisory Group; FOR FURTHER INFORMATION CONTACT: Notice of Meeting the Committee to Barbara Hyduke, Colleen McLoughlin, Office of Federal Department of Veterans Affairs, Office Program Finance, Department of the The Department of Veterans Affairs of Patient Care Services (10P4), Veterans Treasury, 1500 Pennsylvania Avenue (VA) gives notice under the Federal Health Administration, 810 Vermont Advisory Committee Act, 5 U.S.C. App. Avenue NW., Washington, DC 20420, or NW., Washington, DC 20220, (202) 622– 2 that the Special Medical Advisory by email at barbara.hyduke@va.gov. 5447. Group (SMAG) will meet via If you plan to listen to the meeting, SUPPLEMENTARY INFORMATION: Federal teleconference on August 25, 2015, from please call in at least 15 minutes the law requires that interest payments on 9 a.m. to 11 a.m. Eastern Time. The start of the meeting; callers will not be cash deposited to secure immigration meeting is open to the public. Call-in given access after 9:00 a.m. Any member bonds shall be ‘‘at a rate determined by access is 1–800–767–1750; access code of the public wishing to attend the the Secretary of the Treasury, except 07245. Members of the public may join meeting or seeking additional that in no case shall the interest rate the virtual conference call to listen to information should contact Ms. Hyduke exceed 3 per centum per annum.’’ 8 the discussion; there will be no at (202) 461–7800 or by the email U.S.C. 1363(a). Since 1971, this rate has participation in the discussion by address noted above. been set at a fixed 3 per centum per members of the public. Participants will annum. Beginning October 1, 2015, cash Dated: July 23, 2015. be asked to identify themselves to gain bond deposits will pay a variable rate of access to the meeting. Rebecca Schiller, interest that changes quarterly based on The purpose of the SMAG is to advise Advisory Committee Management Officer. 91-day Treasury bills. This change will the Secretary of Veterans Affairs and the [FR Doc. 2015–18447 Filed 7–27–15; 8:45 am] better reflect market conditions and the Under Secretary for Health on the care BILLING CODE 8320–01–P asabaliauskas on DSK5VPTVN1PROD with NOTICES VerDate Sep<11>2014 19:17 Jul 27, 2015 Jkt 235001 PO 00000 Frm 00096 Fmt 4703 Sfmt 9990 E:\FR\FM\28JYN1.SGM 28JYN1


Document Created: 2018-02-23 09:28:12
Document Modified: 2018-02-23 09:28:12
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesThis notice is effective October 1, 2015.
ContactColleen McLoughlin, Office of Federal Program Finance, Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20220, (202) 622-5447.
FR Citation80 FR 45018 
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