1

Report on Fund Operations and Status

From March 16, 2017 to December 29, 2017

Pursuant to 5 U.S.C. § 8348(l)(1)

January 24, 2018

On March 15, 2017, the outstanding debt subject to limit was at the statutory debt limit. The following 

day, Secretary Steven Mnuchin notified Congress of his determination that a “debt issuance suspension 

period” (DISP) would begin on March 16, 2017, and last until July 28, 2017. On July 28, 2017, the 

Secretary determined the DISP would continue through September 29, 2017. On September 8, 2017, the 

President signed the Continuing Appropriations Act, 2018 and Supplemental Appropriations for 

Disaster Relief Requirements Act, 2017 (P.L. 115-56), temporarily suspending the statutory debt 

limit through December 8, 2017, rendering further use of extraordinary measures unnecessary.

Legal Authority and Requirements: 

• Section 8348(j)(1) of Title 5, United States Code authorizes the Secretary to “suspend additional 

investment of amounts in the [Civil Service Retirement and Disability Fund (CSRDF)] if such 

additional investment could not be made without causing the public debt of the United States to 

exceed the public debt limit.” The statute defines a “debt issuance suspension period” as any 

period for which the Secretary determines that the issuance of obligations of the United States 

may not be made without exceeding the public debt limit. 

• Section 8348(k)(1) of Title 5, United States Code authorizes the Secretary to “sell or redeem 

securities, obligations, or other invested assets of the [CSRDF] before maturity in order to prevent 

the public debt of the United States from exceeding the public debt limit.” The Secretary may 

redeem such investments only during a debt issuance suspension period, and only to the extent 

necessary to obtain an amount of funds up to the total amount of payments authorized to be made 

from the CSRDF during such period.

• Section 8348(j)(3) requires the Secretary, upon expiration of a debt issuance suspension period, to 

immediately issue to the CSRDF obligations that “bear such interest rates and maturity dates as 

are necessary to ensure that, after such obligations are issued, the holdings of the [CSRDF] will 

replicate to the maximum extent practicable the obligations that would then be held by the 

[CSRDF] if the suspension of investment ... and any redemption or disinvestment ... had not 

occurred.” Section 8348(j)(4) further requires the Secretary, on the first normal interest payment 

date after the expiration of the debt issuance suspension period, to pay to the CSRDF any interest 

that would have been earned during the debt issuance suspension period.

• Section 8348(l)(1) requires submission of a report to Congress on the operation and status of the 

CSRDF during a debt issuance suspension period. The report is to be made “as soon as possible 

after the expiration of such period, but not later than the date that is 30 days after the first normal 

interest payment date occurring after the expiration of such period.” The first normal interest 

payment date after September 8, 2017 was December 29, 2017. This document fulfills this 

requirement.

• Section 8909a(c) states that investments of the Postal Service Retiree Health Benefits Fund 

(PSRHBF) “shall be made in the same manner” as investments for the CSRDF under section 

8348.

Operations and Status: Between March 16, 2017 and September 8, 2017, in connection with the 

declaration of the debt issuance suspension period, $39,000,000,000.00 and $1,900,000,000.00

respectively was redeemed from the CSRDF and PSRHBF, earlier than otherwise required in order to 

avoid exceeding the debt limit. In addition, principal and interest payable to both the CSRDF and 

PSRHBF on June 30, 2017 of $82,699,567,000.00 and $3,447,617,000.00 respectively was not invested. 
2

Finally, throughout the period of March 16, 2017 to September 8, 2017, new CSRDF and PSRHBF 

receipts were not invested in order to keep from exceeding the debt limit. Steps were taken on September 

8, 2017 and December 29, 2017, as appropriate, to replicate the portfolio the CSRDF and PSRHBF would 

have held if the DISP had not occurred. A summary of the operations and status of the CSRDF and 

PSRHBF between March 15, 2017 and December 29, 2017 is included as Attachment 1.
Attachment 1

3

Daily

Receipt Inv.

 Suspended/

(Reinvested)

Payments

Covered by

DISP

Redemptions

for Payments 

During DISP/

(Reinvested)

Princ. and Int.

Suspended/

(Reinvested)

Payments

Covered by

DISP

Redemptions

for Payments 

During DISP/

(Reinvested)

Princ. ,Int., & 

Rcpts.

Suspended/

(Reinvested)

March 16, 2017 $144,066,000 $3,226,000 $25,900,000,000 $0 $0 $0 $1,400,000,000 $0 $0 1

March 17, 2017 $19,691,000 $2,600,000 $0 $0 $0 $0 $0 $0 $0

March 20, 2017 $900,000 $3,195,000 $0 $0 $0 $0 $0 $0 $0

March 21, 2017 $2,143,000 $2,851,000 $0 $0 $0 $0 $0 $0 $0

March 22, 2017 $246,000 $3,104,000 $0 $0 $0 $0 $0 $0 $0

March 23, 2017 $679,000 $3,695,000 $0 $0 $0 $0 $0 $0 $0

March 24, 2017 $601,453,000 $12,200,000 $0 $0 $0 $0 $0 $0 $0

March 27, 2017 $376,826,000 $4,421,000 $0 $0 $0 $1,511,308 $0 $0 $0

March 28, 2017 $148,272,000 $4,160,000 $0 $0 $0 $0 $0 $0 $0

March 29, 2017 $12,402,000 $2,374,000 $0 $0 $0 $292,740,000 $0 $0 $0

March 30, 2017 $145,308,000 $1,064,000 $0 $0 $0 $0 $0 $0 $0

March 31, 2017 $19,215,000 $943,000 $0 $0 $0 $0 $0 $0 $0

April 3, 2017 $3,716,000 $6,732,545,000 $0 $0 $0 $0 $0 $0 $0

April 4, 2017 $1,448,000 $1,595,000 $0 $0 $0 $0 $0 $0 $0

April 5, 2017 $433,000 $46,358,000 $0 $0 $0 $0 $0 $0 $0

April 6, 2017 $598,000 $1,332,000 $0 $0 $0 $0 $0 $0 $0

April 7, 2017 $611,043,000 $2,462,000 $0 $0 $0 $0 $0 $0 $0

April 10, 2017 $377,483,000 $3,368,000 $0 $0 $0 $0 $0 $0 $0

April 11, 2017 $157,084,000 $3,230,000 $0 $0 $0 $0 $0 $0 $0

April 12, 2017 $30,683,000 $3,649,000 $0 $0 $0 $0 $0 $0 $0

April 13, 2017 $144,021,000 $2,162,000 $0 $0 $0 $0 $0 $0 $0

April 14, 2017 $290,000 $37,954,000 $0 $0 $0 $0 $0 $0 $0

April 17, 2017 $579,000 $2,275,000 $0 $0 $0 $0 $0 $0 $0

April 18, 2017 $81,000 $3,458,000 $0 $0 $0 $0 $0 $0 $0

April 19, 2017 $1,451,000 $2,389,000 $0 $0 $0 $0 $0 $0 $0

April 20, 2017 $619,000 $2,847,000 $0 $0 $0 $0 $0 $0 $0

April 21, 2017 $600,291,000 $12,526,000 $0 $0 $0 $0 $0 $0 $0

April 24, 2017 $377,370,000 $3,282,000 $0 $0 $0 $0 $0 $0 $0

April 25, 2017 $148,125,000 $269,775,000 $0 $0 $0 $0 $0 $0 $0

April 26, 2017 $31,047,000 $3,528,000 $0 $0 $0 $292,717,000 $0 $0 $0

April 27, 2017 $143,153,000 $1,052,000 $0 $0 $0 $0 $0 $0 $0

April 28, 2017 $797,000 $800,000 $0 $0 $0 $0 $0 $0 $0

May 1, 2017 $3,974,000 $6,728,911,000 $0 $0 $0 $0 $0 $0 $0

May 2, 2017 $686,000 $13,239,000 $0 $0 $0 $0 $0 $0 $0

Daily Transaction Detail

Report of the Operation and Status of the

Civil Service Retirement and Disability Fund and

the Postal Service Retiree Health Benefits Fund

March 16, 2017 - December 29, 2017

Civil Service and Retirement Disability Fund

Notes Daily Other

Redemptions

Not Included

In DISP

Early 

Redemption

Postal Service Retiree Health Benefits Fund

Date Other

Redemptions

Not Included

In DISP

Early 

Redemption
Attachment 1

4

Daily

Receipt Inv.

 Suspended/

(Reinvested)

Payments

Covered by

DISP

Redemptions

for Payments 

During DISP/

(Reinvested)

Princ. and Int.

Suspended/

(Reinvested)

Payments

Covered by

DISP

Redemptions

for Payments 

During DISP/

(Reinvested)

Princ. ,Int., & 

Rcpts.

Suspended/

(Reinvested)

May 3, 2017 $1,234,000 $47,272,000 $0 $0 $0 $0 $0 $0 $0

May 4, 2017 $921,000 $642,000 $0 $0 $0 $0 $0 $0 $0

May 5, 2017 $611,271,000 $2,663,000 $0 $0 $0 $0 $0 $0 $0

May 8, 2017 $377,441,000 $4,877,000 $0 $0 $0 $0 $0 $0 $0

May 9, 2017 $147,840,000 $2,059,000 $0 $0 $0 $0 $0 $0 $0

May 10, 2017 $30,461,000 $4,036,000 $0 $0 $0 $0 $0 $0 $0

May 11, 2017 $151,676,000 $2,666,000 $0 $0 $0 $0 $0 $0 $0

May 12, 2017 $414,000 $4,378,000 $0 $0 $0 $0 $0 $0 $0

May 15, 2017 $544,000 $36,714,000 $0 $0 $0 $0 $0 $0 $0

May 16, 2017 $648,000 $1,919,000 $0 $0 $0 $0 $0 $0 $0

May 17, 2017 $1,102,000 $3,334,000 $0 $0 $0 $0 $0 $0 $0

May 18, 2017 $39,000 $3,366,000 $0 $0 $0 $0 $0 $0 $0

May 19, 2017 $601,813,000 $14,102,000 $0 $0 $0 $0 $0 $0 $0

May 22, 2017 $376,755,000 $4,927,000 $0 $0 $0 $0 $0 $0 $0

May 23, 2017 $147,835,000 $3,772,000 $0 $0 $0 $0 $0 $0 $0

May 24, 2017 $11,476,000 $1,615,000 $0 $0 $0 $0 $0 $0 $0

May 25, 2017 $143,275,000 $796,000 $0 $0 $0 $0 $0 $0 $0

May 26, 2017 $19,703,000 $3,640,000 $0 $0 $0 $289,818,000 $0 $0 $0

May 30, 2017 $1,295,000 $828,000 $0 $0 $0 $2,334,000 $0 $0 $0

May 31, 2017 $1,961,000 $759,000 $0 $0 $0 $0 $0 $0 $0

June 1, 2017 $3,468,000 $6,739,682,000 $0 $0 $0 $0 $0 $0 $0

June 2, 2017 $600,194,000 $1,208,000 $0 $0 $0 $0 $0 $0 $0

June 5, 2017 $377,095,000 $47,524,000 $0 $0 $0 $0 $0 $0 $0

June 6, 2017 $148,641,000 $0 $0 $0 $0 $0 $0 $0 $0

June 7, 2017 $49,120,000 $2,359,000 $0 $0 $0 $0 $0 $0 $0

June 8, 2017 $144,092,000 $604,000 $0 $0 $0 $0 $0 $0 $0

June 9, 2017 $9,879,000 $3,075,000 $0 $0 $0 $0 $0 $0 $0

June 12, 2017 $6,667,000 $4,963,000 $0 $0 $0 $0 $0 $0 $0

June 13, 2017 $1,732,000 $2,997,000 $0 $0 $0 $0 $0 $0 $0

June 14, 2017 $411,000 $2,568,000 $0 $0 $0 $0 $0 $0 $0

June 15, 2017 $131,000 $36,647,000 $0 $0 $0 $0 $0 $0 $0

June 16, 2017 $600,424,000 $12,204,000 $0 $0 $0 $0 $0 $0 $0

June 19, 2017 $377,318,000 $1,998,000 $0 $0 $0 $0 $0 $0 $0

June 20, 2017 $149,920,000 $3,241,000 $0 $0 $0 $0 $0 $0 $0

Daily Transaction Detail

Report of the Operation and Status of the

Civil Service Retirement and Disability Fund and

the Postal Service Retiree Health Benefits Fund

March 16, 2017 - December 29, 2017

Civil Service and Retirement Disability Fund

Notes Daily Other

Redemptions

Not Included

In DISP

Early 

Redemption

Postal Service Retiree Health Benefits Fund

Date Other

Redemptions

Not Included

In DISP

Early 

Redemption
Attachment 1

5

Daily

Receipt Inv.

 Suspended/

(Reinvested)

Payments

Covered by

DISP

Redemptions

for Payments 

During DISP/

(Reinvested)

Princ. and Int.

Suspended/

(Reinvested)

Payments

Covered by

DISP

Redemptions

for Payments 

During DISP/

(Reinvested)

Princ. ,Int., & 

Rcpts.

Suspended/

(Reinvested)

June 21, 2017 $30,638,000 $2,123,000 $0 $0 $0 $0 $0 $0 $0

June 22, 2017 $144,171,000 $3,207,000 $0 $0 $0 $0 $0 $0 $0

June 23, 2017 $715,000 $3,128,000 $0 $0 $0 $0 $0 $0 $0

June 26, 2017 $711,000 $3,434,000 $0 $0 $0 $0 $0 $0 $0

June 27, 2017 $1,280,000 $4,787,000 $0 $0 $0 $0 $0 $0 $0

June 28, 2017 $0 $1,352,000 $0 $0 $0 $0 $0 $0 $0

June 29, 2017 $392,000 $1,540,000 $0 $0 $0 $0 $0 $0 $0

June 30, 2017 $677,488,000 $1,716,000 $0 $82,699,567,000 $0 $279,250,000 $0 $3,447,617,000 $0 2

July 3, 2017 $461,246,000 $4,952,708,000 $0 $0 $1,785,533,000 $0 $0 $0 $0 3

July 5, 2017 $19,586,000 $0 $0 $0 $1,778,000 $0 $0 $0 $0

July 6, 2017 $143,885,000 $0 $0 $0 $45,326,000 $0 $0 $0 $0

July 7, 2017 $10,772,000 $0 $0 $0 $1,873,000 $0 $0 $0 $0

July 10, 2017 $274,000 $0 $0 $0 $3,472,000 $0 $0 $0 $0

July 11, 2017 $10,253,000 $0 $0 $0 $3,516,000 $0 $0 $0 $0

July 12, 2017 $516,000 $0 $0 $0 $3,832,000 $0 $0 $2,333,000 $0

July 13, 2017 $477,000 $0 $0 $0 $4,336,000 $0 $0 $0 $0

July 14, 2017 $600,327,000 $0 $0 $0 $36,819,000 $0 $0 $0 $0

July 17, 2017 $376,997,000 $0 $0 $0 $4,135,000 $0 $0 $0 $0

July 18, 2017 $148,067,000 $0 $0 $0 $1,841,000 $0 $0 $0 $0

July 19, 2017 $10,507,000 $0 $0 $0 $3,715,000 $0 $0 $0 $0

July 20, 2017 $162,693,000 $0 $0 $0 $13,941,000 $0 $0 $0 $0

July 21, 2017 $560,000 $0 $0 $0 $2,868,000 $0 $0 $0 $0

July 24, 2017 $390,000 $0 $0 $0 $3,082,000 $0 $0 $0 $0

July 25, 2017 $1,255,000 $0 $0 $0 $275,390,000 $0 $0 $0 $0

July 26, 2017 $546,000 $0 $0 $0 $1,686,000 $241,629,692 $0 $0 $48,855,000

July 27, 2017 $2,293,000 $0 $0 $0 $18,848,000 $0 $0 $0 $0

July 28, 2017 $600,687,000 $1,403,000 $13,100,000,000 $0 $0 $0 $500,000,000 $0 $0 4

July 31, 2017 $406,789,000 $656,000 $0 $0 $0 $0 $0 $0 $0

August 1, 2017 $150,622,000 $6,737,448,000 $0 $0 $0 $0 $0 $0 $0

August 2, 2017 $689,000 $3,530,000 $0 $0 $0 $0 $0 $0 $0

August 3, 2017 $143,844,000 $47,538,000 $0 $0 $0 $0 $0 $0 $0

August 4, 2017 $849,000 $690,000 $0 $0 $0 $0 $0 $0 $0

August 7, 2017 $10,864,000 $2,804,000 $0 $0 $0 $0 $0 $0 $0

August 8, 2017 $1,149,000 $3,423,000 $0 $0 $0 $0 $0 $0 $0

August 9, 2017 $1,044,000 $4,056,000 $0 $0 $0 $0 $0 $0 $0

August 10, 2017 $1,078,000 $2,335,000 $0 $0 $0 $0 $0 $0 $0

Daily Transaction Detail

Report of the Operation and Status of the

Civil Service Retirement and Disability Fund and

the Postal Service Retiree Health Benefits Fund

March 16, 2017 - December 29, 2017

Civil Service and Retirement Disability Fund

Notes Daily Other

Redemptions

Not Included

In DISP

Early 

Redemption

Postal Service Retiree Health Benefits Fund

Date Other

Redemptions

Not Included

In DISP

Early 

Redemption
Attachment 1

6

Daily

Receipt Inv.

 Suspended/

(Reinvested)

Payments

Covered by

DISP

Redemptions

for Payments 

During DISP/

(Reinvested)

Princ. and Int.

Suspended/

(Reinvested)

Payments

Covered by

DISP

Redemptions

for Payments 

During DISP/

(Reinvested)

Princ. ,Int., & 

Rcpts.

Suspended/

(Reinvested)

August 11, 2017 $608,551,000 $2,413,000 $0 $0 $0 $0 $0 $0 $0

August 14, 2017 $376,480,000 $2,809,000 $0 $0 $0 $0 $0 $0 $0

August 15, 2017 $148,618,000 $23,837,000 $0 $0 $0 $0 $0 $0 $0

August 16, 2017 $31,024,000 $3,111,000 $0 $0 $0 $0 $0 $0 $0

August 17, 2017 $144,883,000 $4,087,000 $0 $0 $0 $0 $0 $0 $0

August 18, 2017 $393,000 $3,379,000 $0 $0 $0 $0 $0 $0 $0

August 21, 2017 $810,000 $2,278,000 $0 $0 $0 $0 $0 $0 $0

August 22, 2017 $612,000 $2,862,000 $0 $0 $0 $2,956,000 $0 $0 $0

August 23, 2017 $746,000 $2,160,000 $0 $0 $0 $0 $0 $0 $0

August 24, 2017 $386,000 $3,690,000 $0 $0 $0 $0 $0 $0 $0

August 25, 2017 $598,863,000 $14,732,000 $0 $0 $0 $0 $0 $0 $0

August 28, 2017 $376,249,000 $3,827,000 $0 $0 $0 $0 $0 $0 $0

August 29, 2017 $148,570,000 $3,655,000 $0 $0 $0 $289,395,000 $0 $0 $0

August 30, 2017 $30,807,000 $3,890,000 $0 $0 $0 $0 $0 $0 $0

August 31, 2017 $144,003,000 $512,000 $0 $0 $0 $0 $0 $0 $0

September 1, 2017 $3,674,000 $6,218,875,000 $0 $0 $523,117,000 $0 $0 $0 $0

September 5, 2017 $957,000 $0 $0 $0 $2,360,000 $0 $0 $0 $0

September 6, 2017 $1,194,000 $0 $0 $0 $48,334,000 $0 $0 $0 $0

September 7, 2017 $10,831,000 $0 $0 $0 $0 $0 $0 $0 $0

September 8, 2017 ($15,954,274,000) $0 $0 ($82,699,567,000) $0 $0 ($207,649,000) ($3,449,950,000) $0 5

Subtotal $0 $39,000,000,000 $39,000,000,000 $0 $2,785,802,000 $1,692,351,000 $1,692,351,000 $0 $48,855,000

December 29, 2017 ($700,186,330) ($31,597,605) 6

Total $0 $39,000,000,000 $39,000,000,000 ($700,186,330) $2,785,802,000 $1,692,351,000 $1,692,351,000 ($31,597,605) $48,855,000

Daily Transaction Detail

Report of the Operation and Status of the

Civil Service Retirement and Disability Fund and

the Postal Service Retiree Health Benefits Fund

March 16, 2017 - December 29, 2017

Civil Service and Retirement Disability Fund

Notes Daily Other

Redemptions

Not Included

In DISP

Early 

Redemption

Postal Service Retiree Health Benefits Fund

Date Other

Redemptions

Not Included

In DISP

Early 

Redemption
Attachment 1

7

Notes from the Daily Transaction Detail

Report on Fund Operations and Status 

From March 16, 2017 to December 29, 2017

1. March 16, 2017: 

o Secretary Mnuchin notified Congress that a “debt issuance suspension period” would 

begin on March 16, 2017, and last until July 28, 2017.

o Treasury did not invest $144,066,000 in new receipts to the CSRDF.

o Treasury did not redeem $3,226,000, which represented a portion of the payments 

authorized to be made from the CSRDF during the period of the DISP. 

o Treasury redeemed $25,900,000 from a CSRDF 1.875 percent Special Issue Bond 

maturing June 30, 2031.

o Treasury redeemed a total of $1,400,000 from a PSRHBF 2.000 percent Special Issue 

Bond maturing June 30, 2030.

2. June 30, 2017:

o Treasury did not invest $677,488,000 in new receipts to the CSRDF. Also Treasury did 

not invest $82,699,567,000 in semi-annual principal and interest due to the CSRDF on 

June 30.

o Treasury did not redeem $1,716,000, which represented a portion of the payments 

authorized to be made from the CSRDF during the period of the DISP. 

o Treasury did not invest $3,447,617,000 in semi-annual principal and interest due to the 

PSRHBF on June 30.

o Treasury did not redeem $279,250,000, which represented a portion of the payments 

authorized to be made from the PSRHBF during the period of the DISP. 

3. July 3, 2017:

o Treasury did not invest $461,246,000 in new receipts to the CSRDF.

o Treasury did not redeem $4,952,708,000, which represented a portion of the payments 

authorized to be made from the CSRDF during the period of the DISP. 

o Treasury redeemed normally $1,785,533,000 which represented the amount needed to 

make the remainder of the new disbursements from the CSRDF.

4. July 28, 2017:

o Secretary Mnuchin notified Congress that the “debt issuance suspension period” would 

continue through September 29, 2017.

o Treasury did not invest $600,687,000 in new receipts to the CSRDF.

o Treasury did not redeem $1,403,000, which represented a portion of the payments 

authorized to be made from the CSRDF during the period of the DISP. 

o Treasury redeemed $13,100,000,000 from a 1.875 percent Special Issue Bond maturing 

June 30, 2031.

o Treasury redeemed a total of $500,000,000 from a PSRHBF 2.000 percent Special Issue 

Bond maturing June 30, 2030.
Attachment 1

8

5. September 8, 2017:

o The President signed legislation (P.L. 115-56, Continuing Appropriations Act, 

2018) suspending the statutory debt limit through December 8, 2017.

o Treasury invested $98,653,841,000 into the CSRDF in accordance with the established 

investment plan for the fund. This represented:

 $92,757,931,000 for the June 30, 2017 maturing principal and interest payments 

which were not reinvested in the fund during the DISP and receipts not invested 

between March 16 and June 30, 2017

 $5,895,910,000 in receipts not invested between July 1 and September 8, 2017.

o Treasury redeemed $39,000,000,000 from current CSRDF Certificates of Indebtedness 

and bonds, using normal redemption rules

o Treasury invested $39,000,000,000 in the CSRDF 1.875 percent bond maturing on June 

30, 2031 this represented principal that was redeemed early from the 1.875 percent

Special Issue Bond. (Had there been no DISP, benefit payments would have been paid 

through normal redemption rules.)

o Treasury reinvested $3,657,599,000 into the PSRHBF in accordance with the established 

rollover investment plan for the fund. This represented:

 $3,447,617,000 for the June 30, 2017 principal and interest payments which were 

not reinvested in the fund during the DISP and receipts not invested between 

March 16 and June 30.

 $2,333,000 in a 2.125 percent certificate of indebtedness maturing June 30, 2018.

 $207,649,000 in funds redeemed early as part of the DISP extended on July 28, 

2017.

o Treasury redeemed $1,692,351,000 from current PSRHBF Certificates of Indebtedness 

and bonds, using normal redemption rules.

o Treasury invested $1,692,351,000 in the PSRHBF 2.000 percent bond maturing on June 

20, 2030. This represented principal that was redeemed early from the 2.000 percent 

Special Issue Bond (Had there been no DISP, benefit payments would have been paid 

through normal redemption rules.)

6. December 29, 2017

o On Friday, December 29, Treasury paid interest of $700,186,330 to the CSRDF. This 

amount represents the interest forgone during the period of the DISP from March 16, 

2017 to September 8, 2017, and accrued since September 8, 2017.

o Treasury paid interest of $31,597,605 to the PSRHBF. This amount represents the 

interest forgone during the period of the DISP from March 16, 2017 to September 8, 

2017, and accrued since September 8, 2017.