82 FR 46890 - 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 82, Issue 193 (October 6, 2017)

Page Range		46890-46891
FR Document		2017-21524

For the period beginning October 1, 2017, and ending on December 31, 2017, the U.S. Immigration and Customs Enforcement Immigration Bond interest rate is 1.06 per centum per annum.

Federal Register, Volume 82 Issue 193 (Friday, October 6, 2017)

[Federal Register Volume 82, Number 193 (Friday, October 6, 2017)]
[Notices]
[Pages 46890-46891]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-21524]


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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.

[[Page 46891]]


ACTION: Notice.

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SUMMARY: For the period beginning October 1, 2017, and ending on 
December 31, 2017, the U.S. Immigration and Customs Enforcement 
Immigration Bond interest rate is 1.06 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: Applicable October 1, 2017 to December 31, 2017.

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. 2017-21524 Filed 10-5-17; 8:45 am]
 BILLING CODE 4810-25-P

46890 Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices

recognized in earnings’’ as defined in directed the Financial Stability Board with $10 to $50 billion in assets
FFIEC 031 and FFIEC 041 Schedule RI, (FSB) to lead the coordination of currently reporting annual Dodd-Frank
Memorandum item 14, and FR Y–9C international regulatory work and Act stress-testing information. The
Schedule HI, Memorandum item 17. deliver concrete recommendations on change also would ensure that future
(2) On the FFIEC 031 and FFIEC 041 the GLEIS by mid-2012, which in turn collections of this information remain
Schedule RC–E, Part I, Memorandum were endorsed by the G–20 later that uniform across the agencies.
items 1.c.(1), ‘‘Brokered deposits of less same year. In January 2013, the LEI The proposed FFIEC 016 report form
than $100,000,’’ and 1.c.(2), ‘‘Brokered Regulatory Oversight Committee (ROC), would take effect as of December 31,
deposits of $100,000 through $250,000 including participation by regulators 2017. The first annual filing deadline for
and certain brokered retirement deposit from around the world, was established the FFIEC 016 report form would be July
accounts,’’ were combined into a single to oversee the GLEIS on an interim 31, 2018.
item, Memorandum item 1.c, ‘‘Brokered basis. With the establishment of the full
deposits of $250,000 or less (fully II. Request for Comment
Global LEI Foundation in 2014, the ROC
insured brokered deposits).’’ The continues to review and develop broad Public comment is requested on all
agencies propose for the new FFIEC 016 policy standards for LEIs. The OCC, the aspects of this joint notice. Comments
report form and instructions to align its Board, and the FDIC are all members of are invited on:
Balance Sheet line items 32 and 33 for the ROC. (a) Whether the collections of
retail and wholesale funding The LEI system is designed to information that are the subject of this
calculations, respectively, with the facilitate several financial stability notice are necessary for the proper
updated FFIEC 031 and FFIEC 041 objectives, including the provision of performance of the agencies’ functions,
Schedule RC–E, Part I, Memorandum higher quality and more accurate including whether the information has
item 1.c, ‘‘Brokered deposits of $250,000 financial data. In the United States, the practical utility;
or less (fully insured brokered Financial Stability Oversight Council (b) The accuracy of the agencies’
deposits).’’ (FSOC) has recommended that estimates of the burden of the
(3) On Schedule RC–M of the FFIEC regulators and market participants information collections as they are
031 and FFIEC 041, items for the continue to work together to improve proposed to be revised, including the
amount of loans covered by FDIC loss- the quality and comprehensiveness of validity of the methodology and
sharing agreements in the following financial data both nationally and assumptions used;
loan categories were removed and (c) Ways to enhance the quality,
globally. In this regard, the FSOC also
combined with existing Schedule RC– utility, and clarity of the information to
has recommended that its member
M, item 13.a.(5), ‘‘All other loans and all be collected;
agencies promote the use of the LEI in (d) Ways to minimize the burden of
leases’’ covered by such agreements: reporting requirements and
Item 13.a.(2), ‘‘Loans to finance information collections on respondents,
rulemakings, where appropriate.4 including through the use of automated
agricultural production and other loans
With respect to the FFIEC 016, the collection techniques or other forms of
to farmers’’; item 13.a.(3), ‘‘Commercial
agencies are proposing to have reporting information technology; and
and industrial loans’’; item 13.a.(4)(a),
institutions provide their LEI on the (e) Estimates of capital or start-up
‘‘Credit cards’’; item 13.a.(4)(b),
cover page of this new report once it is costs and costs of operation,
‘‘Automobile loans’’; and item
implemented, if a reporting institution maintenance, and purchase of services
13.a.(4)(c), ‘‘Other (includes revolving
has an LEI. A reporting institution that to provide the information.
credit plans other than credit cards, and
does not have an LEI would not be Comments submitted in response to
other consumer loans).’’ In order to keep
required to obtain one for purposes of the joint notice will be shared among
the data collection uniform and
comparable across types of reporting reporting it on the FFIEC 016. the agencies. All comments will become
institutions, the agencies propose for the The uniform FFIEC 016 report would a matter of public record.
new FFIEC 016 report form and be collected through the application
Dated: October 2, 2017.
instructions to discontinue the currently used to collect the agencies’
separate stress test reporting forms, the Karen Solomon,
deduction of loans covered by FDIC Deputy Chief Counsel, Office of the
loss-sharing agreements from each of the Federal Reserve’s Reporting Central
Comptroller of the Currency.
loan categories collected in Balance application. The agencies believe that
developing a uniform report under the Board of Governors of the Federal Reserve
Sheet line items 1 through 13. In System, September 29, 2017.
addition, in the proposed new FFIEC FFIEC reporting structure will promote
uniform standards and reporting across Ann E. Misback,
016 report form, existing Balance Sheet Secretary of the Board.
line item 14, ‘‘Loans covered by FDIC the agencies, which is consistent with
the function of the FFIEC.5 The Dated at Washington, DC, this 27th day of
loss-sharing agreements,’’ will be September 2017.
retained. proposed FFIEC 016 information
collection would satisfy each agency’s Federal Deposit Insurance Corporation.
In addition, the agencies are
company-run stress-testing Robert E. Feldman,
proposing to have reporting institutions
provide their LEI on the FFIEC 016 requirements, while ensuring Executive Secretary.
report form, if they have one. The LEI consistency and comparability of the [FR Doc. 2017–21571 Filed 10–5–17; 8:45 am]
is a 20-digit alpha-numeric code that stress-testing information across BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P
institutions. The change from three
asabaliauskas on DSKBBXCHB2PROD with NOTICES

uniquely identifies entities that engage
in financial transactions. The recent separate agency-specific reports to an
financial crisis spurred the development interagency FFIEC report is expected to DEPARTMENT OF THE TREASURY
of a Global LEI System (GLEIS). be a seamless change for institutions
Departmental Offices; Interest Rate
Internationally, regulators and market
4 Financial Stability Oversight Council 2015 Paid on Cash Deposited To Secure
participants have recognized the
Annual Report, page 14, http://www.treasury.gov/ U.S. Immigration and Customs
importance of the LEI as a key initiatives/fsoc/studies-reports/Documents/ Enforcement Immigration Bonds
improvement in financial data systems. 2015%20FSOC%20Annual%20Report.pdf.
The Group of Twenty (G–20) nations 5 See 12 U.S.C. 3305(c). AGENCY: Departmental Offices, Treasury.

VerDate Sep<11>2014 18:40 Oct 05, 2017 Jkt 244001 PO 00000 Frm 00138 Fmt 4703 Sfmt 4703 E:\FR\FM\06OCN1.SGM 06OCN1

$Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices 46891 ACTION: Notice. FOR FURTHER INFORMATION CONTACT: will be at the rate as determined by the Adam Charlton, Manager, Federal Secretary of the Treasury, but in no case SUMMARY: For the period beginning Borrowings Branch, Office of Public will exceed 3 per centum per annum or October 1, 2017, and ending on Debt Accounting, Bureau of the Fiscal be less than zero.’’ 8 CFR 293.2. December 31, 2017, the U.S. Service, Parkersburg, West Virginia Treasury has determined that interest on Immigration and Customs Enforcement 26106–1328, (304) 480–5248; Sam Doak, the bonds will vary quarterly and will Immigration Bond interest rate is 1.06 Reporting Team Leader, Federal accrue during each calendar quarter at per centum per annum. Borrowings Branch, Division of a rate equal to the lesser of the average Accounting Operations, Office of Public of the bond equivalent rates on 91-day ADDRESSES: Comments or inquiries may Debt Accounting, Bureau of the Fiscal Treasury bills auctioned during the be mailed to Sam Doak, Reporting Team Service, Parkersburg, West Virginia preceding calendar quarter, or 3 per Leader, Federal Borrowings Branch, 26106–1328, (304) 480–5117. centum per annum, but in no case less Division of Accounting Operations, than zero. [FR Doc. 2015–18545] In Office of Public Debt Accounting, SUPPLEMENTARY INFORMATION: Federal addition to this Notice, Treasury posts Bureau of the Fiscal Service, law requires that interest payments on the current quarterly rate in Table 2b— Parkersburg, West Virginia 26106–1328. cash deposited to secure immigration Interest Rates for Specific Legislation on You can download this notice at the bonds shall be ‘‘at a rate determined by the TreasuryDirect Web site. following Internet addresses: http:// the Secretary of the Treasury, except that in no case shall the interest rate Gary Grippo, www.treasury.gov or http:// www.federalregister.gov. exceed 3 per centum per annum.’’ 8 Deputy Assistant Secretary for Public U.S.C. 1363(a). Related Federal Finance. Applicable October 1, 2017 to DATES: regulations state that ‘‘Interest on cash [FR Doc. 2017–21524 Filed 10–5–17; 8:45 am] December 31, 2017. deposited to secure immigration bonds BILLING CODE 4810–25–P asabaliauskas on DSKBBXCHB2PROD with NOTICES VerDate Sep<11>2014 18:40 Oct 05, 2017 Jkt 244001 PO 00000 Frm 00139 Fmt 4703 Sfmt 9990 E:\FR\FM\06OCN1.SGM 06OCN1$

Document Created: 2017-10-06 00:09:07
Document Modified: 2017-10-06 00:09:07

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		Applicable October 1, 2017 to December 31, 2017.
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.
FR Citation		82 FR 46890