83 FR 51567 - Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 197 (October 11, 2018)

Page Range		51567-51567
FR Document		2018-22195

For the period beginning October 1, 2018, and ending on December 31, 2018, the U.S. Immigration and Customs Enforcement Immigration Bond interest rate is 2.08 per centum per annum.

Federal Register, Volume 83 Issue 197 (Thursday, October 11, 2018)

[Federal Register Volume 83, Number 197 (Thursday, October 11, 2018)]
[Notices]
[Page 51567]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-22195]


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DEPARTMENT OF THE TREASURY


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 October 1, 2018, and ending on 
December 31, 2018, the U.S. Immigration and Customs Enforcement 
Immigration Bond interest rate is 2.08 per centum per annum.

DATES: Rates are applicable October 1, 2018 to December 31, 2018.

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>.

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 website.

Gary Grippo,
Deputy Assistant Secretary for Public Finance.
[FR Doc. 2018-22195 Filed 10-10-18; 8:45 am]
 BILLING CODE 4810-25-P

$Federal Register / Vol. 83, No. 197 / Thursday, October 11, 2018 / Notices 51567 expected to decrease time burden by DEPARTMENT OF THE TREASURY Accounting Operations, Office of Public 1,000,000 and decrease out-of-pocket Debt Accounting, Bureau of the Fiscal costs by $5,000,000. Interest Rate Paid on Cash Deposited Service, Parkersburg, West Virginia, Form: Form 1040 and Schedules 1, 2, To Secure U.S. Immigration and 26106–1328, (304) 480–5117. 3, 4, 5, 6 and associated forms and Customs Enforcement Immigration SUPPLEMENTARY INFORMATION: Federal schedules. Bonds law requires that interest payments on Affected Public: Individuals and AGENCY: Departmental Offices, Treasury. cash deposited to secure immigration households. ACTION: Notice. bonds shall be ‘‘at a rate determined by the Secretary of the Treasury, except Estimated Number of Respondents: SUMMARY: For the period beginning that in no case shall the interest rate 157,800,000. October 1, 2018, and ending on exceed 3 per centum per annum.’’ 8 Frequency of Response: Annually, On December 31, 2018, the U.S. U.S.C. 1363(a). Related Federal Occasion. Immigration and Customs Enforcement regulations state that ‘‘Interest on cash Estimated Total Number of Annual Immigration Bond interest rate is 2.08 deposited to secure immigration bonds Responses: 157,800,000. per centum per annum. will be at the rate as determined by the DATES: Rates are applicable October 1, Secretary of the Treasury, but in no case Estimated Time per Response: 11.31 will exceed 3 per centum per annum or hours. 2018 to December 31, 2018. be less than zero.’’ 8 CFR 293.2. ADDRESSES: Comments or inquiries may Estimated Total Annual Burden Treasury has determined that interest on be mailed to Sam Doak, Reporting Team Hours: 1.784 billion (1,784,000,000). the bonds will vary quarterly and will Leader, Federal Borrowings Branch, Total Estimated Out-of-Pocket Costs: accrue during each calendar quarter at Division of Accounting Operations, $31.764 billion ($31,764,000,000). a rate equal to the lesser of the average Office of Public Debt Accounting, of the bond equivalent rates on 91-day Estimated Out-of-Pocket Cost per Bureau of the Fiscal Service, Treasury bills auctioned during the Respondent: $201. Parkersburg, West Virginia, 26106–1328. preceding calendar quarter, or 3 per You can download this notice at the Total Estimated Monetized Burden: centum per annum, but in no case less following internet addresses: <http:// $60.225 billion ($60,225,000,000). than zero. [FR Doc. 2015–18545] In www.treasury.gov> or <http:// Estimated Monetized Burden per addition to this Notice, Treasury posts www.federalregister.gov>. Respondent: $381. the current quarterly rate in Table 2b— FOR FURTHER INFORMATION CONTACT: Interest Rates for Specific Legislation on Authority: 44 U.S.C. 3501 et seq. Adam Charlton, Manager, Federal the TreasuryDirect website. Dated: October 5, 2018. Borrowings Branch, Office of Public Debt Accounting, Bureau of the Fiscal Gary Grippo, Spencer W. Clark, Deputy Assistant Secretary for Public Service, Parkersburg, West Virginia, Treasury PRA Clearance Officer. 26106–1328, (304) 480–5248; Sam Doak, Finance. [FR Doc. 2018–22180 Filed 10–10–18; 8:45 am] Reporting Team Leader, Federal [FR Doc. 2018–22195 Filed 10–10–18; 8:45 am] BILLING CODE 4810–01–P Borrowings Branch, Division of BILLING CODE 4810–25–P khammond on DSK30JT082PROD with NOTICES VerDate Sep<11>2014 20:54 Oct 10, 2018 Jkt 247001 PO 00000 Frm 00133 Fmt 4703 Sfmt 9990 E:\FR\FM\11OCN1.SGM 11OCN1$

Document Created: 2018-10-11 15:37:44
Document Modified: 2018-10-11 15:37:44

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		Rates are applicable October 1, 2018 to December 31, 2018.
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		83 FR 51567