Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds

Published date09 July 2019
Citation84 FR 32835
Record Number2019-14497
SectionNotices
CourtTreasury Department
Federal Register, Volume 84 Issue 131 (Tuesday, July 9, 2019)
[Federal Register Volume 84, Number 131 (Tuesday, July 9, 2019)]
                [Notices]
                [Page 32835]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-14497]
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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, 2019, and ending on September
                30, 2019, the U.S. Immigration and Customs Enforcement Immigration Bond
                interest rate is 2.37 per centum per annum.
                DATES: Rates are applicable July 1, 2019 to September 30, 2019.
                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 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.
                Gary Grippo,
                Deputy Assistant Secretary for Public Finance.
                [FR Doc. 2019-14497 Filed 7-8-19; 8:45 am]
                BILLING CODE 4810-25-P
                

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