Calculation Procedure. Average Daily Balance: I = ADB x R, where I = State's total interest liability ADB = Average Daily Balance of cash in a program's account, measured from deposit to clearance R = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year
Appears in 41 contracts
Sources: Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement
Calculation Procedure. Average Daily Balance: I = ADB x R, where I = State's total interest liability Total State Interest Liability ADB = Average Daily Balance of cash pertinent Federal Funds in a program's account, measured from deposit to clearance R = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year
Appears in 4 contracts
Sources: Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement
Calculation Procedure. Average Daily Balance: I = ADB x RR x Days Held, where I = State's total States interest liability ADB = Average Daily Balance of cash Federal funds in a program's programs account, measured from deposit to clearance clearance. R = Annualized rate equal to daily Interest Rate calculated by the average equivalent yields Bureau of 13-week Treasury bills auctioned during a State's the Fiscal Service (of the U.S. Department of the Treasury) for states with fiscal yearyears beginning July 1.
Appears in 3 contracts
Sources: Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement