[Federal Register Volume 88, Number 5 (Monday, January 9, 2023)]
[Notices]
[Page 1321]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-00153]


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DEPARTMENT OF THE TREASURY


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, 2023, and ending on March 
31, 2023, the U.S. Immigration and Customs Enforcement Immigration Bond 
interest rate is 3 per centum per annum.

DATES: Rates are applicable January 1, 2023 to March 31, 2023.

ADDRESSES: Comments or inquiries may be mailed to Will Walcutt, 
Supervisor, Funds Management Branch, Funds Management Division, Fiscal 
Accounting, Bureau of the Fiscal Services, Parkersburg, West Virginia 
26106-1328.
    You can download this notice at the following internet addresses: 
<http://www.treasury.gov> or <http://www.federalregister.gov>.

FOR FURTHER INFORMATION CONTACT: Ryan Hanna, Manager, Funds Management 
Branch, Funds Management Division, Fiscal Accounting, Bureau of the 
Fiscal Service, Parkersburg, West Virginia 26106-1328, (304) 480-5120; 
Will Walcutt, Supervisor, Funds Management Branch, Funds Management 
Division, Fiscal Accounting, Bureau of the Fiscal Services, 
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 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 website.
    The Deputy Assistant Secretary for Public Finance, Gary Grippo, 
having reviewed and approved this document, is delegating the authority 
to electronically sign this document to Heidi Cohen, Federal Register 
Liaison for the Department, for purposes of publication in the Federal 
Register.

Heidi Cohen,
Federal Register Liaison.
[FR Doc. 2023-00153 Filed 1-6-23; 8:45 am]
BILLING CODE 4810-AS-P