OFFICE OF THE GENERAL COUNSEL Division of Operations-Management MEMORANDUM OM 13-62 TO: FROM: SUBJECT: September 11, 2013

All Regional Directors, Officers-in-Charge, and Resident Officers Anne Purcell, Associate General Counsel Board's Interest Rate Remains 3 Percent for the First Quarter, Fiscal Year 2014

Pursuant to New Horizons for the Retarded, 283 NLRB 1173, the rate used to calculate interest on backpay and other monetary remedies provided for in a Board Orders is to be based upon the "short-term Federal rate," i.e., the rate assessed by the Internal Revenue Service on the underpayment of taxes. This is to advise you that the rate assessed for the first quarter of Fiscal Year 2014, October 1 to December 31, 2013, will be 3 percent. Following is a listing of the rates to be used to calculate interest on Board monetary awards during the time period indicated: July 1, 2001 January 1, 2002 January 1, 2003 October 1, 2003 April 1, 2004 July 1, 2004 October , 2004 April 1, 2005 October 1, 2005 July 1, 2006 January 1, 2008 April 1, 2008 July 1, 2008 October 1, 2008 January 1, 2009 April 1, 2009 January 1, 2011 April 1, 2011 October 1, 2011 To To To To To To To To To To To To To To To To To To To December 31, 2001 December 31, 2002 September 30, 2003 March 31, 2004 June 30, 2004 September 30, 2004 March 31, 2005 September 30, 2005 June 30, 2006 December 31, 2007 March 31, 2008 June 30, 2008 September 30, 2008 December 31, 2008 March 31, 2009 December 31, 2010 March 31, 2011 September 30, 2011 December 31, 2013 /s/ A. P. cc: NLRBU Release to the Public MEMORANDUM OM 13-62 7 percent 6 percent 5 percent 4 percent 5 percent 4 percent 5 percent 6 percent 7 percent 8 percent 7 percent 6 percent 5 percent 6 percent 5 percent 4 percent 3 percent 4 percent 3 percent