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

31 CFR 363.136

Citation31 CFR 363.136
CorpusDaily eCFR
Displayed edition2026-09-10
Last updated2026-09-10

§ 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.