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  • News: Treasury Sets Rate on ICE Cash Bonds

    [Federal Register Volume 81, Number 6 (Monday, January 11, 2016)]
    [Notices]
    [Pages 1289-1290]
    From the Federal Register Online via the Government Publishing Office
    www.gpo.gov

    [FR Doc No: 2016-291]


    =======================================================================
    -----------------------------------------------------------------------

    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.

    -----------------------------------------------------------------------

    SUMMARY: For the period beginning January 1, 2016, and ending on March
    31, 2016, the U.S. Immigration and Customs Enforcement Immigration Bond
    interest rate is 0.14 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 January 1, 2016 to March 31, 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

    [[Page 1290]]

    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. 2016-291 Filed 1-8-16; 8:45 am]
    BILLING CODE 4810-25-P
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