31 CFR 363.136 - Do zero-percent certificates of indebtedness pay interest?

Regulations last checked for updates: May 18, 2024

Title 31 - Money and Finance: Treasury last revised: May 10, 2024

View all text of Subpart D [§ 363.130 - § 363.152]

§ 363.136 - Do zero-percent certificates of indebtedness pay interest?

Zero-percent certificates of indebtedness do not pay any interest. However, the Secretary may prescribe a rate of interest, or change the interest rate, for zero-percent certificates of indebtedness by announcement at any time. The new rate would apply to zero-percent certificates of indebtedness issued thereafter, as provided in the announcement. The Secretary's determination of the rate will be final.

authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3102,

source: 67 FR 64286, Oct. 17, 2002, unless otherwise noted.

cite as: 31 CFR 363.136