81 FR 44926 - Departmental Offices; Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 132 (July 11, 2016)

For the period beginning July 1, 2016, and ending on September 30, 2016, the U.S. Immigration and Customs Enforcement Immigration Bond interest rate is 0.27 per centum per annum.

[Federal Register Volume 81, Number 132 (Monday, July 11, 2016)]
[Notices]
[Page 44926]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-16342]


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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.

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SUMMARY: For the period beginning July 1, 2016, and ending on September 
30, 2016, the U.S. Immigration and Customs Enforcement Immigration Bond 
interest rate is 0.27 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 July 1, 2016 to September 30, 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: 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). 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. 2016-16342 Filed 7-8-16; 8:45 am]
 BILLING CODE 4810-25-P