[Federal Register Volume 78, Number 211 (Thursday, October 31, 2013)]
[Notices]
[Pages 65430-65431]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-25707]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Notice of Rate To Be Used for Federal Debt Collection, and 
Discount and Rebate Evaluation

AGENCY: Bureau of the 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 to be used in assessing interest 
charges for outstanding debts owed to the Government (The Debt 
Collection Act of 1982, as amended (codified at 31 U.S.C. 3717)). This 
rate is also to be used by agencies as a comparison point in evaluating 
the cost-effectiveness of a cash discount. In addition, this rate is to 
be used in determining when agencies should pay purchase card invoices 
when the card issuer offers a rebate (5 CFR 1315.8). Notice is hereby 
given that the applicable rate is for calendar year 2014 is 1.00 
percent.

DATES: January 1, 2014 through December 31, 2014.

FOR FURTHER INFORMATION CONTACT: E-Commerce Division, Bureau of the 
Fiscal Service, Department of the Treasury, 401 14th Street SW., 
Washington, DC 20227 (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. 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 will be 
made if the annual average, on a moving basis, changes by 2 percentage 
points. The rate for calendar year 2014 reflects the average investment 
rates for the 12-month period that ended September 30, 2013.


[[Page 65431]]


    Dated: October 23, 2013.
John B. Hill,
Assistant Commissioner, Payment Management and Chief Disbursing 
Officer.
[FR Doc. 2013-25707 Filed 10-30-13; 8:45 am]
BILLING CODE 4810-35-M