[Code of Federal Regulations]
[Title 5, Volume 3]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR1645.5]

[Page 270]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1645_CALCULATION OF SHARE PRICES--Table of Contents
 
Sec. 1645.5  Calculation of share prices.

    (a) Calculation of share price. The share price for each TSP Fund 
for each business day will apply to all sources of contributions for 
that fund. The total net earnings (as computed under Sec. 1645.3) for 
each fund will be divided by the total fund basis (as computed under 
Sec. 1645.6) for that fund. The resulting number, computed to ten 
decimal places, represents the incremental change in the value of that 
fund from the last business day to the current business day. The share 
price for that fund for the current business day is the sum of the 
incremental change in the share price for the current business day plus 
the share price for the prior business day, truncated to two decimal 
places.
    (b) Residual net earnings. When the total net earnings for each 
business day for each TSP Fund are divided by the total fund basis in 
that fund, there will be residual net earnings attributable to the 
truncation described in paragraph (a) of this section which will not be 
included in the incremental change in the share price of the fund for 
that business day. The residual net earnings that are not included in 
the incremental share price for the fund may be added to the earnings 
for that fund on the next business day.

[70 FR 32214, June 1, 2005]