This PDF is the current document as it appeared on Public Inspection on 10/11/2016 at 08:45 am.
Departmental Offices, Treasury.
For the period beginning October 1, 2016, and ending on December 31, 2016, the U.S. Immigration and Customs Enforcement Immigration Bond interest rate is 0.31 per centum per annum.
Effective October 1, 2016 to December 31, 2016.
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.Start Further Info
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.End Further Info End Preamble Start Supplemental 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. [Insert FR citation of the methodology notice] In addition to this Notice, Treasury posts the current quarterly rate in Table 2b—Interest Rates for Specific Legislation on the TreasuryDirect Web site.Start Signature
Deputy Assistant Secretary for Public Finance.
[FR Doc. 2016-24535 Filed 10-11-16; 8:45 am]
BILLING CODE 4810-25-P