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1997 interest rate on Title XII advances

Summary ETA told state unemployment agencies that the Treasury Department would charge 6.604 percent interest on Title XII advances during calendar year 1997. The letter required no state action. Its rate is historical, and ETA now labels the advisory Canceled.
Document
Federal guidance
Agency
U.S. Department of Labor, Employment and Training Administration (ETA)
Document number
UIPL No. 33-97
Date issued
May 22, 1997
Status
Withdrawn
ETA labels this advisory Canceled, and the letter expired May 31, 1998. The stated rate applies only to calendar year 1997.
Status last verified October 25, 2026
Topics
Unemployment Insurance Financing
Source
View the official document

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This document has been withdrawn. Ezel checks what federal law requires today, under current federal labor law, and answers your situation with citations.

This document has been withdrawn
ETA labels this advisory Canceled, and the letter expired May 31, 1998. The stated rate applies only to calendar year 1997. It no longer reflects the agency's current position. Treat this page as historical context, not current guidance, and verify current law before relying on anything here.
About this page: The full text below is the official document from U.S. Department of Labor, Employment and Training Administration (ETA). Ezel adds the plain-English summary and tracks the document's status. The official source linked on this page is authoritative for any reliance.

U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Classification: UI
Correspondence symbol: TEUFA
Issue date: May 22, 1997
Rescissions: None
Expiration date: May 31, 1998

DIRECTIVE: UNEMPLOYMENT INSURANCE PROGRAM LETTER NO. 33-97

TO: ALL STATE EMPLOYMENT SECURITY AGENCIES

FROM: GRACE A. KILBANE
Director
Unemployment Insurance Service

SUBJECT: Interest Rate on Title XII Advances During Calendar Year 1997

  1. Purpose. To announce the rate of interest the U.S. Treasury Department will charge on Title XII advances during calendar year 1997.

  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 1997 Interest Rate. The U.S. Treasury Department has announced that the rate of interest to be charged for calendar year 1997 is 6.604 percent.

  4. Action Required. None.

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

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