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Economic Guidance Memoranda (EGMs)

2021

• Economic Guidance Memorandum, 21-01, Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2021
  Federal interest rates to be used for projects for FY2021, including the federal discount rate, deferred payment interest rates, water supply interest rates, hydropower interest rate, and delinquent payment collection rate. Please note that the interest rate to prioritize for budget development is discussed in the annual Program Development Guidance issued by the Programs Integration Division, and is not included in this EGM.
• Economic Guidance Memorandum, 21-02, Unit Day Values for Recreation for Fiscal Year 2021
  This EGM contains a detailed description of the application of the unit day value (UDV) method as well as unit day values to be used for fiscal year 2021.

  2020

• Economic Guidance Memorandum, 20-01, Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2020
  Federal interest rates to be used for projects for FY2020, including the federal discount rate, deferred payment interest rates, water supply interest rates, hydropower interest rate, and delinquent payment collection rate. Please note that the interest rate to prioritize for budget development is discussed in the annual Program Development Guidance issued by the Programs Integration Division, and is not included in this EGM.
• Economic Guidance Memorandum, 20-03, Unit Day Values for Recreation for Fiscal Year 2020
  This EGM contains a detailed description of the application of the unit day value (UDV) method as well as unit day values to be used for fiscal year 2020.
• Economic Guidance Memorandum, 20-04, Deep Draft Vessel Operating Costs Fiscal Year 2019 price levels
  This EGM provides guidance on the Fiscal Year 2019 price levels for vessel operating costs.

  2019

• Economic Guidance Memorandum, 19-01, Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2019
  Federal interest rates to be used for projects for FY2019, including the federal discount rate, deferred payment interest rates, water supply interest rates, hydropower interest rate, and delinquent payment collection rate. Please note that the interest rate to prioritize for budget development is discussed in the annual Program Development Guidance issued by the Programs Integration Division, and is not included in this EGM.
• Economic Guidance Memorandum, 19-03, Unit Day Values for Recreation for Fiscal Year 2019
  This EGM contains a detailed description of the application of the unit day value (UDV) method as well as unit day values to be used for fiscal year 2019.
• Economic Guidance Memorandum, 19-04, Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay)
  This EGM provides current per capita personal income index data and the current Eligibility Factor formula; both are used in applying the Ability-To-Pay test to flood damage reduction projects.
• Economic Guidance Memorandum, 19-06, Supplemental Guidance for Section 1121 of the Water Resources Development Act of 2016, as amended – Tribal Partnership Program Reduced Cost Share Eligibility Criteria (Ability to Pay)
  This EGM Memorandum provides the general guideline for determining Tribal partners’ ability to pay, a walkthrough of finding the data for and determining a Tribal partner’s ability to pay, and the procedure for figuring the reduced cost share amount.

  2018

• Economic Guidance Memorandum 18-01: Federal Interest Rates for Corps of Engineers
  Federal interest rates to be used for projects for FY2018, including the federal discount rate, deferred payment interest rates, water supply interest rates, hydropower interest rate, and delinquent payment collection rate. Please note that the interest rate to prioritize for budget development is discussed in the annual program development guidance issued by the Programs Integration Division, and is not included in this EGM.
• Economic Guidance Memorandum, 18-03, Unit Day Values for Recreation for Fiscal Year 2018
  Economic Guidance Memorandum, 18-03, Unit Day Values for Recreation for Fiscal Year 2018.

  2017

• Economic Guidance Memorandum 17-04: Deep Draft Vessel Operating Costs FY 2016 Price Levels
  Deep-draft vessel operating costs (DDVOCs) are published for limited release for use by analysts of the U.S. Army Corps of Engineers for assessment of potential economic benefits associated with waterway improvement projects.
• Economic Guidance Memorandum 17-04: Deep Draft Vessel Operating Costs FY 2016 Price Levels, Supplemental Guidance
  The deep draft vessel operating cost estimates released in EGM 17-04 on 24 April 2017 have exhibited dramatic declines in costs that have been confirmed in the international freight markets. This supplemental guidance provides direction for developing the most recent vessel operating cost estimates for FY2016 Price Levels.

  2016

• Economic Guidance Memorandum 17-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2017
• Economic Guidance Memorandum 17-03: Unit Day Values for Recreation for Fiscal Year 2017

  2015

• Economic Guidance Memorandum 15-04: Deep-Draft Vessel Operating Costs FY 2013 Price Level
• Economic Guidance Memorandum 16-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2016
• Economic Guidance Memorandum 16-02: Current Normalized Prices
• Economics Guidance Memorandum 16-03: Unit Day Values for Recreation for Fiscal Year 2016

  2014

• Economic Guidance Memorandum 14-01: Federal Interest Rates FY14
• Economic Guidance Memorandum 14-02: Current Normalized Prices
• Economic Guidance Memorandum 14-03: Unit Day Values for Recreation for Fiscal Year 2014
• Economic Guidance Memorandum 14-04: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay)
• Economic Guidance Memorandum 15-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2015
• Economic Guidance Memorandum 15-02: Current Normalized Process
• Economic Guidance Memorandum 15-03: Unit Day Values for Recreation for Fiscal Year 2015

  2013

• Economic Guidance Memorandum 13-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2013
• Economic Guidance Memorandum 13-02: Current Normalized Prices
• Economic Guidance Memorandum 13-03: Unit Day Values for Recreation for Fiscal Year 2013

  2012

• Economic Guidance Memorandum 12-03: Unit Day Values for Recreation for Fiscal Year 2012
• Economic Guidance Memorandum 12-04: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay)

  2011

• Economic Guidance Memorandum 11-04: Deep Draft Vessel Operating Costs FY 2009/2010
• Economic Guidance Memorandum 11-05: Deep Draft Vessel Operating Costs FY 2011
• Economic Guidance Memorandum 12-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2012
• Economic Guidance Memorandum 12-02: Current Normalized Prices

  2009

• Economic Guidance Memorandum 09-04: Generic Depth-Damage Relationships for Vehicles
  Guidance for generic vehicle depth-damage curves for flood damage reduction studies.
• Economic Guidance Memorandum 09-05: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay)
  Current (Jun 2009) state and county income index data and the current eligibility factor formula.
• Economic Guidance Memorandum 10-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2010
  FY 2010 interest and discount rates.
• Economic Guidance Memorandum 10-02: Current Normalized Prices
  This memorandum provides current (Oct 2009) normalized prices.
• Economic Guidance Memorandum 10-03: Unit Day Values for Recreation, Fiscal Year 2010
  This memorandum provides FY 2010 unit day values for recreation.

  2008

• Economic Guidance Memorandum 08-05: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay).
  Current (2008) state and county income index data and the current eligibility factor formula.
• Economic Guidance Memorandum 09-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2009
  Provides information on Federal interest rates
• Economic Guidance Memorandum 09-02: Current Normalized Prices, Fiscal Year 2009
  This memorandum provides a data link used in the economic evaluation of Corps of Engineers projects affecting agriculture.
• Economic Guidance Memorandum, 09-03: Unit Day Values for Recreation, Fiscal Year 2009
  FY 2009 unit day values for recreation.

  2007

• Economic Guidance Memorandum 08-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2008
  Provides information on Federal interest rates.
• Economic Guidance Memorandum 08-02: Unit Day Values for Recreation, Fiscal Year 2008
  FY 2008 unit day values for recreation.
• Economic Guidance Memorandum 08-03: Current Normalized Prices
  Current (Oct 2007) normalized prices.
• Economic Guidance Memorandum 08-04: Deep-Draft Vessel Operating Costs Fiscal Year 2008
  Deep draft vessel costs for use in determining potential benefits of waterway improvement projects.

  2006

• Economic Guidance Memorandum 06-04: National Flood Insurance Program Operating Costs, Fiscal Year 2006
  FY 2006 NFIP operating costs.
• Economic Guidance Memorandum 07-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2007
  FY 2007 interest and discount rates.
• Economic Guidance Memorandum 07-02: Current Normalized Prices
  Current (Nov 2006) normalized prices.
• Economic Guidance Memorandum 07-03: Unit Day Values for Recreation, Fiscal Year 2007
  FY 2007 unit day values for recreation.
• Economic Guidance Memorandum 07-04: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay)
  Current (Dec 2006) state and county income index data and the current eligibility factor formula.

  2005

• Economic Guidance Memorandum 05-01: Deep Draft Vessel Operating Costs Fiscal Year 2005 - General Technical Support Document
  Deep draft vessel costs for use in determining potential benefits of waterway improvement projects.
• Economic Guidance Memorandum 05-04: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2005
  FY 2005 interest and discount rates.
• Economic Guidance Memorandum 06-01: Current Normalized Prices
  Current (Oct 2005) normalized prices.
• Economic Guidance Memorandum 06-02: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2006
  FY 2006 interest and discount rates.
• Economic Guidance Memorandum 06-03: Unit Day Values for Recreation, Fiscal Year 2006
  FY 2006 unit day values for recreation.

  2004

• Economic Guidance Memorandum 04-02: Federal Discount Rate Fiscal Year 2004
  FY 2004 interest and discount rates.
• Economic Guidance Memorandum 04-03: Unit Day Values for Recreation, Fiscal Year 2004
  FY 2004 unit day values for recreation.
• Economic Guidance Memorandum 04-04: National Flood Insurance Program Operating Costs, Fiscal Year 2004
  This memorandum provides NFIP operating costs from FY 1973 to FY 2004.
• Economic Guidance Memorandum 04-05: Current Normalized Prices
  Notice of the availability of normalized agricultural prices from the USDA.
• Economic Guidance Memorandum 05-02: Current Normalized Prices
  Current (2004) Normalized Prices.
• Economic Guidance Memorandum 05-03: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay)
  Current (Oct 2004) per capita personal income index data and the current eligibility factor formula.
• Economic Guidance Memorandum 05-05: Unit Day Values for Recreation, Fiscal Year 2005
  FY 2005 unit day values for recreation.
• Economic Guidance Memorandum 05-06: Shallow Draft Vessels Operating Costs, Fiscal Year 2004
  FY 2004 shallow draft vessels operating costs.
• Economic Guidance Memorandum 05-07: National Flood Insurance Program Operating Costs, Fiscal Year 2005
  FY 2005 NFIP operating costs.

  2003

• Economic Guidance Memorandum 03-02: Federal Discount Rate, Fiscal Year 2003
  This memorandum provides federal discount rate.
• Economic Guidance Memorandum 03-03: National Flood Insurance Program Operating Costs, Fiscal Year 2003
  This memorandum provides FY 2003 NFIP operating costs.
• Economic Guidance Memorandum 03-04: Unit Day Values for Recreation, Fiscal Year 2003
  FY 2003 unit day values for recreation.
• Economic Guidance Memorandum 04-01: Generic Depth-Damage Relationships for Residential Structures with Basements
  Guidance for generic depth-damage curves for flood damage reduction studies.

  2002

• Economic Guidance Memorandum 02-02: Federal Discount Rate Fiscal Year 2002
  Provides federal discount rate.
• Economic Guidance Memorandum 02-03: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay).
  State and county income index data, eligibility factor formula.
• Economic Guidance Memorandum 02-04: Unit Day Values for Recreation, Fiscal Year 2002
  FY 2002 unit day values for recreation.
• Economic Guidance Memorandum 02-05: National Flood Insurance Program Operating Costs, Fiscal Year 2002
  NFIP operating costs from FY 1973 to FY 2002.
• Economic Guidance Memorandum 03-01: Current Normalized Prices
  This memorandum provides normalized prices for years 1997-2002, at both state and national levels.

  2001

• Economic Guidance Memorandum 02-01: Current Normalized Prices
  Provides data used in the economic evaluation of Corps of Engineers projects affecting agriculture.

  2000

• Economic Guidance Memorandum 00-02: Unit Day Values for Recreation, Fiscal Year 2000
  This memorandum provides FY 2000 unit day values.
• Economic Guidance Memorandum 00-03: Current Normalized Prices
  This memorandum provides FY 2000 normalized prices.
• Economic Guidance Memorandum 00-04: National Flood Insurance Program Operating Costs
  FY 2000 NFIP operating costs.
• Economic Guidance Memorandum 00-05: Fiscal Year 2000 Shallow Draft Vessel Operating Costs
  This memorandum provides FY 2000 shallow draft vessel operating costs.
• Economic Guidance Memorandum 00-06: Fiscal Year 2000 Planning Guidance Deep Draft Vessel Operating Costs
  This memorandum provides FY 2000 deep draft vessel operating costs.
• Economic Guidance Memorandum 01-01: Unit Day Values for Recreation, Fiscal Year 2001
  This memorandum provides FY 2001 unit day values for recreation.
• Economic Guidance Memorandum 01-02: Fiscal Year 2001 Interest Rates
  FY 2001 interest rates.
• Economic Guidance Memorandum 01-03: Generic Depth-Damage Relationships
  Guidance for generic depth-damage curves for flood damage reduction studies.
• Economic Guidance Memorandum 01-04: National Flood Insurance Program Operating Costs, Fiscal Year 2001
  Summary of NFIP operating costs from FY 1973 through FY 2001.
• Economic Guidance Memorandum 01-05: Current Normalized Prices, Fiscal Year 2000
  Normalized prices for years 1995-2000, at state and national level.
• Economic Guidance Memorandum 02-06: Deep Draft Vessel Operating Costs Fiscal Year 2002
  General technical support document for deep draft vessel operating costs.

  1999

• Economic Guidance Memorandum 00-01: Fiscal Year 2000 Interest Rates
  This memorandum provides FY 2000 interest rates.
• Economic Guidance Memorandum 99-03: Unit Day Values for Recreation, Fiscal Year 1999
  This memorandum provides FY 1999 unit day values for recreation.
• Economic Guidance Memorandum 99-04: National Flood Insurance Program Operating Costs
  This memorandum provides FY 1999 NFIP operating costs.
• Economic Guidance Memorandum 99-05: Deep Draft Vessel Operating Costs
  This memorandum provides deep draft vessel costs for use in determining potential benefits of waterway improvement projects.

  1998

• Economic Guidance Memorandum 98-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 1998
  This memorandum provides information on Federal interest rates.
• Economic Guidance Memorandum 98-03: Unit Day Values for Recreation, Fiscal Year 1998
  This memorandum provides FY 1998 unit day values for recreation.
• Economic Guidance Memorandum 98-04: National Flood Insurance Program Operating Costs
  This memorandum provides FY 1998 NFIP operating costs. It also shows NFIP costs since 1972.
• Economic Guidance Memorandum 99-02: Fiscal Year 1999 Interest Rates
  This memorandum provides FY 1999 interest and discount rates.

• Economic Guidance Memorandum Number 03-02: Federal Discount Rate FY 2003