[Federal Register Volume 81, Number 224 (Monday, November 21, 2016)]
[Notices]
[Pages 83331-83332]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-27947]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Notice of Rate To Be Used for Federal Debt Collection, and 
Discount and Rebate Evaluation

AGENCY: Bureau of the Fiscal Service, Treasury.

ACTION: Notice.

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SUMMARY: The Secretary of the Treasury is responsible for computing and 
publishing the percentage rate that is used in assessing interest 
charges for outstanding debts owed to the Government (The Debt 
Collection Act of 1982, as amended (codified at 31 U.S.C. 3717)). This 
rate is also used by agencies as a comparison point in evaluating the 
cost-effectiveness of a cash discount. In addition, this rate is used 
in determining when agencies should pay purchase card invoices when the 
card issuer offers a rebate (5 CFR 1315.8). Notice is hereby given that 
the applicable rate for calendar year 2017 is 1.00 percent.

DATES: January 1, 2017 through December 31, 2017.

FOR FURTHER INFORMATION CONTACT: E-Commerce Division, Bureau of the 
Fiscal Service, Department of the Treasury, 401 14th Street SW., 
Washington, DC 20227 (Telephone: 202-874-9428).

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 Public Law 
95-147, 91 Stat. 1227 (October 28, 1977). Computed each year by 
averaging Treasury Tax and Loan (TT&L) investment rates for the 12-
month period ending every September 30, rounded to the nearest whole 
percentage, for applicability effective each January 1. Quarterly 
revisions are made if the annual average, on a moving basis, changes by 
2 percentage points. The rate for calendar year 2017 reflects the 
average investment rates for the 12-month period that ended September 
30, 2016.

    Authority:  31 U.S.C. 3717.


[[Page 83332]]


    Dated: October 21, 2016.
Ronda L. Kent,
Assistant Commissioner, Payment Management and Chief Disbursing 
Officer.
[FR Doc. 2016-27947 Filed 11-18-16; 8:45 am]
 BILLING CODE 4810-AS-P