[Federal Register Volume 89, Number 7 (Wednesday, January 10, 2024)]
[Notices]
[Pages 1627-1628]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-00272]


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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 2024 
is 4.00 percent.

DATES: January 1, 2024, through December 31, 2024.

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), as calculated by the 
Department of the Treasury's Office of Debt Management. The annual 
Interest Rate Factors used in determining the Current Value of Funds 
Rate are based on weekly average Fed funds less 25 basis points 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 2024 reflects

[[Page 1628]]

the average investment rates for the 12-month period that ended 
September 30, 2023.
    Authority: 31 U.S.C. 3717.

Linda Claire Chero,
Assistant Commissioner, Disbursing & Debt Management and Chief 
Disbursing Officer.
[FR Doc. 2024-00272 Filed 1-9-24; 8:45 am]
BILLING CODE 4810-AS-P