65710 Federal Register / Vol. 75, No. 206 / Tuesday, October 26, 2010 / Notices 

Form: 8916–A. 

Abstract: The Form 8916–A is a 

detailed schedule that reconciles the 

amount of the cost of goods sold, 

interest income and interest expense 

reported on Schedule M–3 for the Form 

1065, Form 1120, 1120–S, 1120–L, or 

1120–PC. 

Respondents: Private Sector: 

Businesses or other for-profit. 

Estimated Total Burden Hours: 

5,049,720 hours. 

Bureau Clearance Officer: R. Joseph 

Durbala, Internal Revenue Service, 1111 

Constitution Avenue, NW., Room 6129, 

Washington, DC 20224; (202) 622–3634. 

OMB Reviewer: Shagufta Ahmed, 

Office of Management and Budget, New 

Executive Office Building, Room 10235, 

Washington, DC 20503; (202) 395–7873. 

Dawn D. Wolfgang, 

Treasury PRA Clearance Officer. 

[FR Doc. 2010–27085 Filed 10–25–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Fiscal Service 

Current Value of Funds Rate 

AGENCY: Financial Management Service, 

Fiscal Service, Treasury. 

ACTION: Notice of rate for use in Federal 

debt collection and discount and rebate 

evaluation. 

SUMMARY: Pursuant to section 11 of the 

Debt Collection Act of 1982, as 

amended, (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 

owed to the Government. Treasury’s 

Cash Management Requirements (TFM 

Volume I, Part 6, Chapter 8000) 

prescribe use of this rate by agencies as 

a comparison point in evaluating the 

cost-effectiveness of a cash discount. In 

addition, 5 CFR 1315.8 of the Prompt 

Payment rule on ‘‘Rebates’’ requires that 

this rate be used in determining when 

agencies should pay purchase card 

invoices when the card issuer offers a 

rebate. Notice is hereby given that the 

applicable rate is 1.00 percent for 

calendar year 2011. 

DATES: The rate will be in effect for the 

period beginning on January 1, 2011, 

and ending on December 31, 2011. 

FOR FURTHER INFORMATION CONTACT: 

Inquiries should be directed to the 

Agency Enterprise Solutions Division, 

Financial Management 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, the rate is subject to 

quarterly revisions if the annual 

average, on a moving basis, changes by 

2 percentage points. The rate in effect 

for the calendar year 2011 reflects the 

average investment rates for the 12- 

month period that ended September 30, 

2010. 

Dated: October 14, 2010. 

Sheryl R. Morrow, 

Assistant Commissioner, Payment 

Management. 

[FR Doc. 2010–26815 Filed 10–25–10; 8:45 am] 

BILLING CODE 4810–35–M 


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