[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: 2016-00291]


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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.

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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. 2016-00291 Filed 1-8-16; 8:45 am]
 BILLING CODE 4810-25-P