UNEMPLOYMENT INSURANCE PROGRAM LETTER NO. 21-96.html

ETA Advisory File Text

Interest Rate on Title XII Advances During Calendar Year 1996 U.S. DEPARTMENT OF LABOREmployment and Training AdministrationWashington D. C. 20210 CLASSIFICATION UI CORRESPONDENCE SYMBOL TEUMI ISSUE DATE RESCISSIONS None EXPIRATION DATE DIRECTIVE UNEMPLOYMENT INSURANCE PROGRAM LETTER NO. 21-96 TO ALL STATE EMPLOYMENT SECURITY AGENCIES FROM MARY ANN WYRSCHDirectorUnemployment Insurance Service SUBJECT Interest Rate on Title XII Advances During Calendar Year 1996 Purpose.To announce the rate of interest the U.S. Treasury Department will charge on Title XII advances during calendar year 1996. Background.The criteria for establishing the rate of interest to be charged on Title XII advances during any calendar year are in Section 1202 b 4 of the Social Security Act. Calendar Year 1996 Interest Rate.The U.S. Treasury Department has announced that the rate of interest to be charged for calendar year 1996 is 6.71 percent. Action Required.None. Inquiries.Direct questions to the appropriate Regional Office.