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EMPLOYMENT AND TRAINING ADMINISTRATION
ADVISORY SYSTEM
U.S. DEPARTMENT OF LABOR
Washington, D. C. 20210

CLASSIFICATION

OWS

CORRESPONDENCE SYMBOL

TEUFA

ISSUE DATE

February 14, 2002

RESCISSIONS

None

EXPIRATION DATE

February 28, 2003

DIRECTIVE

:

UNEMPLOYMENT INSURANCE PROGRAM LETTER NO. 12-02

 

TO

:

ALL STATE WORKFORCE ADMINISTRATORS

 

FROM

:

GRACE A. KILBANE
Administrator
Office of Workforce Security

 

SUBJECT

:

Interest Rate on Title XII Advances During Calendar Year 2002

 

  1. Purpose. To announce the rate of interest the U.S. Treasury Department will charge on Title XII advances during calendar year 2002.

  2. 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.

  3. Calendar Year 2002 Interest Rate. The U.S. Treasury Department has announced that the rate of interest to be charged for calendar year 2002 is 6.2718 percent.

  4. Action Required. None.

  5. Inquiries. Direct questions to the appropriate Regional Office.