[Code of Federal Regulations]
[Title 5, Volume 3]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR1645.3]

[Page 261]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1645_CALCULATION OF SHARE PRICES--Table of Contents
 
Sec.  1645.3  Calculation of total net earnings for each TSP Fund.

    (a) Each business day, net earnings will be calculated separately 
for each TSP Fund.
    (b) Net earnings for each fund will equal:
    (1) The sum of the following items, if any, accrued since the last 
business day:
    (i) Interest on money of that fund which is invested in the 
Government Securities Investment Fund;
    (ii) Interest on other short-term investments of the fund;
    (iii) Other income (such as dividends, interest, or securities 
lending income) on investments of the fund; and
    (iv) Capital gains or losses on investments of the fund, net of 
transaction costs.
    (2) Minus the accrued administrative expenses of the fund, 
determined in accordance with Sec.  1645.4.
    (c) The net earnings for each TSP fund determined in accordance with 
paragraph (b) of this section will be added to the residual net earnings 
for that fund from the previous business day, as described in Sec.  
1645.5(b), to produce the total net earnings. The total net earnings 
will be used to calculate the share price for that business day.

[70 FR 32214, June 1, 2005]