82 FR 49934 - Notice of Rate To Be Used for Federal Debt Collection, and Discount and Rebate Evaluation

DEPARTMENT OF THE TREASURY
Fiscal Service
Bureau of the Fiscal Service

Federal Register Volume 82, Issue 207 (October 27, 2017)

The Secretary of the Treasury is responsible for computing and publishing the percentage rate that is used in assessing interest charges for outstanding debts owed to the Government. This rate is also used by agencies as a comparison point in evaluating the cost- effectiveness of a cash discount. In addition, this rate is used in determining when agencies should pay purchase card invoices when the card issuer offers a rebate. Notice is hereby given that the applicable rate for calendar year 2018 is 1.00 percent.

[Federal Register Volume 82, Number 207 (Friday, October 27, 2017)]
[Notices]
[Page 49934]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-23419]


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DEPARTMENT OF THE TREASURY

Fiscal Service

Bureau of the Fiscal Service


Notice of Rate To Be Used for Federal Debt Collection, and 
Discount and Rebate Evaluation

AGENCY: Bureau of the Fiscal Service, Fiscal Service, Treasury.

ACTION: Notice of rate to be used for Federal debt collection, and 
discount and rebate evaluation.

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SUMMARY: The Secretary of the Treasury is responsible for computing and 
publishing the percentage rate that is used in assessing interest 
charges for outstanding debts owed to the Government. This rate is also 
used by agencies as a comparison point in evaluating the cost-
effectiveness of a cash discount. In addition, this rate is used in 
determining when agencies should pay purchase card invoices when the 
card issuer offers a rebate. Notice is hereby given that the applicable 
rate for calendar year 2018 is 1.00 percent.

DATES: January 1, 2018 through December 31, 2018.

FOR FURTHER INFORMATION CONTACT: Denice M. Wilson, E-Commerce Division, 
Bureau of the Fiscal Service, Department of the Treasury, 401 14th 
Street SW., Washington, DC 20227 (Telephone: 202-874-9428).

SUPPLEMENTARY INFORMATION: This rate is used in assessing interest 
charges for outstanding debts owed to the Government (The Debt 
Collection Act of 1982, as amended (codified at 31 U.S.C. Section 
3717)). This rate is also used by agencies as a comparison point in 
evaluating the cost-effectiveness of a cash discount. In addition, this 
rate is used in determining when agencies should pay purchase card 
invoices when the card issuer offers a rebate (5 CFR 1315.8).
    The rate reflects the current value of funds to the Treasury for 
use in connection with Federal Cash Management systems and is based on 
investment rates set for purposes of Public Law 95-147, 91 Stat. 1227 
(October 28, 1977). Computed each year by averaging Treasury Tax and 
Loan (TT&L) investment rates for the 12-month period ending every 
September 30, rounded to the nearest whole percentage, for 
applicability effective each January 1. Quarterly revisions are made if 
the annual average, on a moving basis, changes by 2 percentage points. 
The rate for calendar year 2018 reflects the average investment rates 
for the 12-month period that ended September 30, 2017.

    Authority: 31 U.S.C. Section 3717.

    Dated: October 16, 2017.
Ronda L. Kent,
Assistant Commissioner, Payment Management, and Chief Disbursing 
Officer.
[FR Doc. 2017-23419 Filed 10-26-17; 8:45 am]
BILLING CODE 4810-AS-P