2014 FECA Circulars which have previously been issued by the DFEC but have since been superseded by another Circular or inclusion in the FECA Procedure Manual.

Fiscal Year 2014

Circular

Subject

FECA Circular No. 14-01

Current Interest Rates for Prompt Payment Bills and Debt Collection

Attention: This circular has been superseded and is inactive.

FECA CIRCULAR NO. 14-01

June 2, 2014

SUBJECT: Current Interest Rates for Prompt Payment Bills and Debt Collection

The interest rate to be assessed for the prompt payment bills is 2.125 percent for the period of January 1, 2014 through December 31, 2014. This new rate has been updated in the Central Bill Payment system tables.

The rate for assessing interest charges on debts due the government has not been changed. The interest rate for assessing interest charges on debts due the government remains 1.0 percent for the period of January 1, 2014 through December 31, 2014.

Ordinarily, the rate of interest charged on debts due the U.S. Government is only changed in January, and is effective for the entire year. However, the rate may be changed in July if there is a difference in the Current Value of Funds (CVF) interest rate of more than two percent. The rate will be reviewed on July 1, 2014 to determine if the Treasury has changed the rate.

Attached to this Circular is an updated listing of both the Prompt Payment and Debt Management interest rates from January 1, 1985 through the current date.

DOUGLAS C. FITZGERALD
Director for
Federal Employees' Compensation

Attachments

Distribution: List No. 2--Folioviews Groups A, B, and D (Claims Examiners, All Supervisors, District Medical Advisors, Technical Assistants, Rehabilitation Specialists, Staff Nurses and Fiscal Personnel)

FC 14-01 Attachment 1:

PROMPT PAYMENT INTEREST RATES

Date

Percentage

Date

Percentage

01/1/14-12/31/14
01/1/13 - 12/31/13
07/1/12 - 12/31/12
01/1/12 - 06/30/12
07/1/11 - 12/31/11
01/1/11 - 12/31/11
01/1/10 - 12/31/10
07/1/09 - 12/31/09
01/1/09 - 06/30/09
07/1/08 - 12/31/08
01/1/08 - 06/30/08
07/1/07 - 12/31/07
01/1/07 - 06/30/07
07/1/06 - 12/31/06
01/1/06 - 06/30/06
07/1/05 - 12/31/05
01/1/05 - 06/30/05
07/1/04 - 12/31/04
01/1/04 - 06/30/04
07/1/03 - 12/31/03
01/1/03 - 06/30/03
07/1/02 - 12/31/02
01/1/02 - 06/30/02
07/1/01 - 12/31/01
01/1/01 - 06/30/01
07/1/00 - 12/31/00
01/1/00 - 06/30/00
07/1/99 - 12/31/99
01/1/99 - 06/30/99

2 ⅛ %
1 ⅜ %
1 ¾ %
2.0 %
2 ½ %
2 ⅝ %
3 ¼ %
4 ⅞ %
5 ⅝ %
5 ⅛ %
4 ¾ %
5 ¾ %
5 ¼ %
5 ¾ %
5 ⅛ %
4 ½ %
4 ¼ %
4 ½ %
4.0 %
3 ⅛ %
4 ¼ %
5 ¼ %
5 ½ %
5 ⅞ %
6 ⅜ %
7 ¼ %
6 ¾ %
6 ½ %
5.0 %

07/1/98 - 12/31/98
01/1/98 - 06/30/98
07/1/97 - 12/31/97
01/1/97 - 06/30/97
07/1/96 - 12/31/96
01/1/96 - 06/30/96
07/1/95 - 12/31/95
01/1/95 - 06/30/95
07/1/94 - 12/31/94
01/1/94 - 06/30/94
07/1/93 - 12/31/93
01/1/93 - 06/30/93
07/1/92 - 12/31/92
01/1/92 - 06/30/92
07/1/91 - 12/31/91
01/1/91 - 06/30/91
07/1/90 - 12/31/90
01/1/90 - 06/30/90
07/1/89 - 12/31/89
01/1/89 - 06/30/89
07/1/88 - 12/31/88
01/1/88 - 06/30/88
07/1/87 - 12/31/87
01/1/87 - 06/30/87
07/1/86 - 12/31/86
01/1/86 - 06/30/86
07/1/85 - 12/31/85
01/1/85 - 06/30/85

6.0 %
6 ¼ %
6 ¾ %
6 ⅜ %
7.0 %
5 ⅞ %
6 ⅜ %
8 ⅛ %
7.0 %
5 ½ %
5 ⅝ %
6 ½ %
7.0 %
6 ⅞ %
8 ½ %
8 ⅜ %
9.0 %
8 ½ %
9 ⅛ %
9 ¾ %
9 ¼ %
9 ⅜ %
8 ⅞ %
7 ⅝ %
8 ½ %
9 ¾ %
10 ⅜ %
12 ⅛ %

Prior to 01/01/85 Not Applicable

Back to Top of FECA Circular No. 14-01

FC 14-01 Attachment 2:

DEBT MANAGEMENT INTEREST RATES

Date

Percentage

01/1/14 - 12/31/14

1%

01/1/13 - 12/31/13

1%

01/1/12 - 12/31/12

1%

01/1/11 - 12/31/11

1%

1/1/10 – 12/31/10

1%

1/1/09 - 12/31/09

3%

7/1/08 - 12/31/08

3%

1/1/08 - 6/30/08

5%

1/1/07 - 12/31/07

4%

7/1/06 - 12/31/06

4%

1/1/06 - 12/31/06

2%

1/1/05 - 12/31/05

1%

1/1/04 - 12/31/04

1%

1/1/03 - 12/31/03

2%

7/1/02 - 12/31/02

3%

1/1/02 - 06/30/02

5%

1/1/01 - 12/31/01

6%

1/1/00 - 12/31/00

5%

1/1/99 - 12/31/99

5%

1/1/98 - 12/31/98

5%

1/1/97 - 12/31/97

5%

1/1/96 - 12/31/96

5%

7/1/95 - 12/31/95

5%

1/1/95 - 06/30/95

3%

1/1/94 - 12/31/94

3%

1/1/93 - 12/31/93

4%

1/1/92 - 12/31/92

6%

1/1/91 - 12/31/91

8%

1/1/90 - 12/31/90

9%

1/1/89 - 12/31/89

7%

1/1/88 - 12/31/88

6%

1/1/87 - 12/31/87

7%

1/1/86 - 12/31/86

8%

1/1/85 - 12/31/85

9%

Prior to 01/01/84

Not applicable

Back to Top of FECA Circular No. 14-01

Back to Table of Contents