Common use of Calculation Procedure Average Daily Balance Clause in Contracts

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

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

Calculation Procedure Average Daily Balance. I = ADB x RR x Days Held, where I = State's total interest liability ADB = Average Daily Balance of cash Federal funds in a program's account, measured from deposit to clearance clearance. R = Annualized rate equal daily Interest Rate calculated by the Bureau of the Fiscal Service (of the U.S. Department of the Treasury) for states with fiscal years beginning July 1. Days Held = Difference in whole days between the Clearance Pattern specified in Exhibit II and the days measured as Deposit to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal yearClearance in 8.6.2.1.

Calculation Procedure Average Daily Balance. I = ADB x RR x Days Held, where I = State's total ’ s interest liability ADB = Average Daily Balance of cash Federal funds in a program's ’ s account, measured from deposit to clearance clearance. R = Annualized rate equal daily Interest Rate calculated by the Bureau of the Fiscal Service (of the U.S. Department of the Treasury) for states with fiscal years beginning July 1. Days Held = Difference in whole days between the Clearance Pattern specified in Exhibit II and the days measured as Deposit to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal yearClearance in 8.6.2.1.