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U.S. DEPARTMENT OF LABOR
Employment and Training Administration
Washington, D. C. 20210

CLASSIFICATION

UI

CORRESPONDENCE SYMBOL

TEUMI

ISSUE DATE

March 15, 1994

RESCISSIONS

None

EXPIRATION DATE

March 31, 1995

DIRECTIVE

:

UNEMPLOYMENT INSURANCE PROGRAM LETTER NO. 15-94

 

TO

:

ALL STATE EMPLOYMENT SECURITY AGENCIES

 

FROM

:

MARY ANN WYRSCH
Director
Unemployment Insurance Service

 

SUBJECT

:

Interest Rate on Title XII Advances During Calendar Year 1994

  1. Purpose. To announce the rate of interest the U.S. Treasury Department will charge on Title XII advances during calendar year 1994.

  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 1994 Interest Rate. The U.S. Treasury Department has announced that the rate of interest to be charged for calendar year 1994 is 6.90 percent.

  4. Action Required. None.

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