Code of Federal Regulations · Section

§ 363.136 — Do Zero-percent Certificates Of Indebtedness Pay Interest?

31 C.F.R. § 363.136

View:

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. § 363.135 31 C.F.R. § 363.137

Authorizing Statute

Federal reserve banks as Government depositaries and fiscal agents
12 U.S.C. § 391
Bonds
31 U.S.C. § 3102
Departmental regulations
5 U.S.C. § 301
Procedure
31 U.S.C. § 3121