[Federal Register Volume 85, Number 219 (Thursday, November 12, 2020)]
[Notices]
[Page 71992]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-25018]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Bureau of the Fiscal Service; Notice of Rate To Be Used for 
Federal Debt Collection, and Discount and Rebate Evaluation

AGENCY: Bureau of the Fiscal Service, Fiscal Service, Treasury.

ACTION: Notice of rate to be used for Federal debt collection, and 
discount and rebate evaluation.

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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). 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. 
Notice is hereby given that the applicable rate for calendar year 2021 
is 1.00 percent.

DATES: January 1, 2021 through December 31, 2021

FOR FURTHER INFORMATION CONTACT: Department of the Treasury, Bureau of 
the Fiscal Service, Payment Management, E-Commerce Division (LC-RM 
349B), 3201 Pennsy Drive, Building E, Landover, MD 20785 (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 2021 reflects the 
average investment rates for the 12-month period that ended September 
30, 2020.

    Authority: 31 U.S.C. Section 3717.

Ronda L. Kent,
Assistant Commissioner, Payment Management and Chief Disbursing 
Officer.
[FR Doc. 2020-25018 Filed 11-10-20; 8:45 am]
BILLING CODE 4810-AS-P