Notice2023-14762
Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 12, 2023
Issuing agencies
Treasury Department
Abstract
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.
Full Text
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<title>Federal Register, Volume 88 Issue 132 (Wednesday, July 12, 2023)</title>
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[Federal Register Volume 88, Number 132 (Wednesday, July 12, 2023)]
[Notices]
[Pages 44461-44462]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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:
<<a href="http://www.treasury.gov">http://www.treasury.gov</a>> or <<a href="http://www.federalregister.gov">http://www.federalregister.gov</a>>.
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
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</html>Indexed from Federal Register on July 12, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.