55848 Federal Register / Vol. 62, No. 208 / Tuesday, October 28, 1997 / Notices

two-step process of submitting the CF

3461 to obtain release of goods, and

then, within ten business days,

submitting the CF 7501 entry summary

with payment of duties, fees, and taxes,

would be eliminated.

Customs ability to enforce trade laws

would also be enhanced if the entry/

entry summary were submitted prior to

the release of the merchandise. The

information on entry summaries tends

to be more complete and accurate than

that on entries. Having better data up

front would make it easier for Customs

to pinpoint compliance problems,

ensure admissibility, and verify bond

sufficiency, as these types of checks are

performed manually with nonautomated entries.

Customs will hold a public meeting to

discuss a possible change in regulations

to require all non-automated entry

documents to be filed as entry/entry

summaries before the release of

merchandise. This meeting will begin

with a brief description of possible

proposals, followed by time for the trade

community to ask questions and

provide comments. Those wishing to

provide verbal comments should so

indicate when making seating

reservations, and should also submit

their comments in writing. Because

seating is limited, reservations will be

required. Individuals planning to attend

are requested to notify Ms. Tonda

Moton by fax at (202) 927–1363 or by

phone at (202) 927–1676. Written

comments will be considered in the

development of any proposed

amendment to the current regulations,

but will not be responded to

individually.

Dated: October 21, 1997.

Charles W. Winwood,

Assistant Commissioner, Office of Strategic

Trade.

[FR Doc. 97–28491 Filed 10–27–97; 8:45 am]

BILLING CODE 4820–02–P

DEPARTMENT OF THE TREASURY

Fiscal Service

Treasury Current Value of Funds Rate

AGENCY: Financial Management Service,

Fiscal Service, Treasury.

ACTION: Notice of rate for use in Federal

debt collection and discount evaluation.

SUMMARY: Pursuant to section 11 of the

Debt Collection Act of 1982 (31 U.S.C.

3717), the Secretary of the Treasury is

responsible for computing and

publishing the percentage rate to be

used in assessing interest charges for

outstanding debts on claims owed the

Government. Treasury’s Cash

Management Regulations (I TFM 6–

8000) also prescribe use of this rate by

agencies as a comparison point in

evaluating the cost-effectiveness of a

cash discount. Notice is hereby given

that the applicable rate is 5 percent for

calendar year 1998.

DATES: The rate will be in effect for the

period beginning on January 1, 1998 and

ending on December 31, 1998.

FOR FURTHER INFORMATION CONTACT:

Inquiries should be directed to the

Program Compliance & Evaluation

Division, Financial Management

Service, Department of the Treasury,

401 14th Street, SW., Washington, DC

20227 (Telephone: (202) 874–6630).

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 Pub. L. 95–147, 91 Stat.

1227. Computed each year by averaging

investment rates for the 12-month

period ending every September 30 for

applicability effective January 1, the rate

is subject to quarterly revisions if the

annual average, on the moving basis,

changes by 2 per centum. The rate in

effect for calendar year 1998 reflects the

average investment rates for the 12-

month period ended September 30,

1997.

Dated: October 23, 1997.

Larry D. Stout,

Assistant Commissioner Federal Finance.

[FR Doc. 97–28533 Filed 10–27–97; 8:45 am]

BILLING CODE 4810–35–M