[Federal Register Volume 64, Number 209 (Friday, October 29, 1999)]
[Page 58467]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-28317]



Fiscal Service

Treasury Current Value of Funds Rate

AGENCY: Financial Management Service, Fiscal Service, Treasury.

ACTION: Notice of rate for use in Federal debt collection and discount 


SUMMARY: Pursuant to section 11 of the Debt Collection Act of 1982 (31 
U.S.C. 3717), the Secretary of the Treasury is responsible for 
computing and publishing the percentage rate to be used in assessing 
interest charges for outstanding debts on claims owed the Government. 
Treasury's Cash Management Regulations (I TFM 6-8000) also prescribe 
use of this rate by agencies as a comparison point in evaluating the 
cost-effectiveness of a cash discount. Notice is hereby given that the 
applicable rate is 5 percent for calendar year 2000.

DATES: The rate will be in effect for the period beginning on January 
1, 2000 and ending on December 31, 2000.

FOR FURTHER INFORMATION CONTACT: Inquiries should be directed to the 
Program Compliance Division, Financial Management Service, Department 
of the Treasury, 401 14th Street, SW., Washington, DC. 20227 
(Telephone: (202) 874-6630).

SUPPLEMENTARY INFORMATION: 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 Pub. L. 
95-147, 91 Stat. 1227. Computed each year by averaging investment rates 
for the 12-month period ending every September 30 for applicability 
effective January 1, the rate is subject to quarterly revisions if the 
annual average, on the moving basis, changes by 2 per centum. The rate 
in effect for calendar year 2000 reflects the average investment rates 
for the 12-month period that ended September 30, 1999.

    Dated: October 25, 1999.
Bettsy H. Lane,
Assistant Commissioner, Federal Finance.
[FR Doc. 99-28317 Filed 10-28-99; 8:45 am]