Statutes, codes, and regulations
Code of Federal Regulations
Title 31 - MONEY AND FINANCE: TREASURYSubtitle B - REGULATIONS RELATING TO MONEY AND FINANCEChapter II - FISCAL SERVICE, DEPARTMENT OF THE TREASURYSubchapter A - BUREAU OF THE FISCAL SERVICEPart 363 - REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECTSubpart D - ZERO-PERCENT CERTIFICATE OF INDEBTEDNESS
GENERAL
Section 363.136 - Do zero-percent certificates of indebtedness pay interest?

31 C.F.R. § 363.136

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Current through October 31, 2024
Section 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.

31 C.F.R. § 363.136