[Federal Register Volume 88, Number 132 (Wednesday, July 12, 2023)]
[Notices]
[Pages 44461-44462]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14762]


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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 July 1, 2023, and ending on September 
30, 2023, the U.S. Immigration and Customs Enforcement Immigration Bond 
interest rate is 3 per centum per annum.

DATES: Rates are applicable July 1, 2023 to September 30, 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 261006-1328 (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

[[Page 44462]]

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. 2023-14762 Filed 7-11-23; 8:45 am]
BILLING CODE 4810-AS-P