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Economic Guidance Memoranda (EGMs)

2025

• Economic Guidance Memorandum 25-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2025
  This EGM contains federal interest rates to be used for projects for FY2025, 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 25-02: Cost Sharing for Territories and Tribal Nations
  This EGM provides the updated cost share waiver amount for U.S. Territories and Tribal Nations for FY2025.
• Economic Guidance Memorandum 25-04: Unit Day Values for Recreation for Fiscal Year 2025
  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 FY2025.
• Economic Guidance Memorandum, 25-03: Deep Draft Vessel Operating Costs Fiscal Year 2022 Price Levels
  This EGM confirms that the five percent per year maximum cap established in EGM 17-04: Deep Draft Vessel Operating Costs FY 2016 Price Levels is still in effect for the Fiscal Year 2022 Price Levels. That cap is still considered temporary and will be re-evaluated for future EGMs.

  2024

• Economic Guidance Memorandum 24-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2024
  This EGM contains federal interest rates to be used for projects for FY2024, including the federal discount rate, deferred payment interest rates, water supply interest rates, 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 24-02: Unit Day Values for Recreation for Fiscal Year 2024
  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 FY2024.
• Economic Guidance Memorandum 24-03: Cost Sharing for Territories and Tribal Nations
  This EGM provides the updated cost share waiver amount for U.S. Territories and Tribal Nations for FY2024.
• Economic Guidance Memorandum 24-04: Tribal Partnership Program Reduced Cost Share Eligibility Criteria (Ability to Pay)
  This Economic Guidance Memorandum removes the income limit for the Tribal Partnership Program. All Tribes are now eligible for Ability to Pay within the Tribal Partnership Program and this EGM will no longer be updated annually. EGM 24-04 will remain in place until a change in legislation or administration direction necessitates an update.

  2023

• Economic Guidance Memorandum 23-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2023
  This EGM contains federal interest rates to be used for projects for FY2023, including the federal discount rate, deferred payment interest rates, water supply interest rates, and hydropower interest 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 23-02: Cost Sharing for Territories and Tribal Nations
  This EGM provides the updated cost share waiver amount for U.S. Territories and Tribal Nations for FY2023.
• Economic Guidance Memorandum 23-03: Unit Day Values for Recreation for Fiscal Year 2023
  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 FY2023.
• Economic Guidance Memorandum 23-04: Tribal Partnership Program Reduced Cost Share Eligibility Criteria (Ability to Pay)
  This Economic Guidance Memorandum provides general guidelines and a walkthrough of finding the data for determining a Tribal partner's ability to pay, and the procedure for finding the reduced cost share amount.

  2022

• Economic Guidance Memorandum 22-03: Unit Day Values for Recreation for Fiscal Year 2022
  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 FY2022.
• Economic Guidance Memorandum 22-04: Tribal Ability to Pay
  This Economic Guidance Memorandum provides general guidelines and a walkthrough of finding the data for determining a Tribal partner's ability to pay, and the procedure for finding the reduced cost share amount.
• Economic Guidance Memorandum, 22-01, Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2022
  This EGM contains federal interest rates to be used for projects for FY2022, 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, 22-02, Cost Sharing Waiver for Territories and Tribal Nations
  This EGM provides the updated cost share waiver amount for U.S. Territories and Tribal Nations for FY2022.

  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.

  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
  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 2018.

  2017

• Economic Guidance Memorandum 17-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2017
  Federal interest rates to be used for projects for FY2017.
• Economic Guidance Memorandum 17-03: Unit Day Values for Recreation for Fiscal Year 2017
  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 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 16-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2016
  Federal Interest Rates for FY2016. 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, not this EGM.
• Economic Guidance Memorandum 16-02: Current Normalized Agricultural Prices
  Current normalized agricultural prices for FY2016.
• Economic Guidance Memorandum 16-03: Unit Day Values for Recreation for Fiscal Year 2016
  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 2016.

  2015

• Economic Guidance Memorandum 15-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2015
  Federal interest rates to be used for projects for FY2015, 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 15-02: Current Normalized Process
  Current normalized agricultural prices for FY2015.
• Economic Guidance Memorandum 15-03: Unit Day Values for Recreation for Fiscal Year 2015
  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 2015.
• Economic Guidance Memorandum 15-04: Deep-Draft Vessel Operating Costs FY 2013 Price Level
  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.

  2014

• Economic Guidance Memorandum 14-01: Federal Interest Rates FY14
  Federal interest rates to be used for projects for FY2014, 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 14-02: Current Normalized Agricultural Prices
  Current normalized agricultural prices for FY2014.
• Economic Guidance Memorandum 14-03: Unit Day Values for Recreation for Fiscal Year 2014
  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 2014.
• Economic Guidance Memorandum 14-04: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay)
  Current state and county income index data and the current eligibility factor formula for fiscal year 2014.

  2013

• Economic Guidance Memorandum 13-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2013
  Provides information on Federal interest rates for FY2013.
• Economic Guidance Memorandum 13-02: Current Normalized Agricultural Prices
  This memorandum provides current normalized prices for FY2013.
• Economic Guidance Memorandum 13-03: Unit Day Values for Recreation for Fiscal Year 2013
  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 2013.

  2012

• Economic Guidance Memorandum 12-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2012
  FY 2012 interest and discount rates.
• Economic Guidance Memorandum 12-02: Current Normalized Agricultural Prices
  This memorandum provides current normalized agricultural prices for fiscal year 2012.
• Economic Guidance Memorandum 12-03: Unit Day Values for Recreation for Fiscal Year 2012
  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 2012.
• Economic Guidance Memorandum 12-04: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay)
  Current state and county income index data and the current eligibility factor formula for fiscal year 2012.

  2011

• Economic Guidance Memorandum 11-01: Federal Interest Rates for Corps of Engineers Projects for Fiscal Year 2011
  This memorandum provides guidance on FY 2011 Federal interest rates for Corps of Engineers projects.
• Economic Guidance Memorandum 11-02: Current Normalized Agricultural Prices
  This memorandum provides guidance on current (Nov 2010) normalized prices.
• Economic Guidance Memorandum 11-03: Unit Day Values for Recreation for Fiscal Year 2011
  This memorandum provides guidance on FY 2011 unit day values for recreation.
• Economic Guidance Memorandum 11-04: Deep Draft Vessel Operating Costs FY 2009/2010
  Deep draft vessel costs for use in determining potential benefits of waterway improvement projects.
• Economic Guidance Memorandum 11-05: Deep Draft Vessel Operating Costs FY 2011
  Deep draft vessel costs for use in determining potential benefits of waterway improvement projects for fiscal year 2011.

  2010

• 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 Agricultural 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.

  2009

• 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 Agricultural 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.
• Economic Guidance Memorandum 09-04: Generic Depth-Damage Relationships for Vehicles
  Guidance for generic vehicle depth-damage curves for flood-risk management studies.
• Economic Guidance Memorandum 09-05: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay)
  State and county income index data and eligibility factor formula for FY2009.

  2008

• 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 Agricultural Prices
  This memorandum provides FY2008 normalized agricultural 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.
• Economic Guidance Memorandum 08-05: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay).
  State and county income index data and the eligibility factor formula for FY2008.

  2007

• 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 Agricultural Prices
  This memorandum provides FY2007 normalized agricultural 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)
  State and county income index data and the eligibility factor formula for FY2007.

  2006

• Economic Guidance Memorandum 06-01: Current Normalized Agricultural Prices
  This memorandum provides FY2006 normalized agricultural 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.
• Economic Guidance Memorandum 06-04: National Flood Insurance Program Operating Costs, Fiscal Year 2006
  FY 2006 NFIP operating costs.

  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 05-02: Current Normalized Agricultural Prices
  This memorandum provides FY2005 normalized agricultural prices.
• Economic Guidance Memorandum 05-03: Current State and County Income Index Data, Current Eligibility Factor Formula (Ability to Pay)
  This memorandum provides FY2005 per capita personal income index data and the current eligibility factor formula.
• 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 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.

  2004

• 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.
• 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 Agricultural Prices
  Notice of the availability of normalized agricultural prices from the USDA.

  2003

• Economic Guidance Memorandum 03-01: Current Normalized Agricultural Prices
  This memorandum provides normalized prices for years 1997-2002, at both state and national levels.
• 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.

  2002

• Economic Guidance Memorandum 02-01: Current Normalized Agricultural Prices
  Provides data used in the economic evaluation of Corps of Engineers projects affecting agriculture.
• 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 02-06: Deep Draft Vessel Operating Costs Fiscal Year 2002
  General technical support document for deep draft vessel operating costs.

  2001

• 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 Agricultural Prices, Fiscal Year 2000
  Normalized prices for years 1995-2000, at state and national level.

  2000

• Economic Guidance Memorandum 00-01: Fiscal Year 2000 Interest Rates
  This memorandum provides FY 2000 interest rates.
• 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 Agricultural 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.

  1999

• Economic Guidance Memorandum 99-02: Fiscal Year 1999 Interest Rates
  This memorandum provides FY 1999 interest and discount 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.