[Federal Register Volume 60, Number 116 (Friday, June 16, 1995)]
[Notices]
[Pages 31702-31703]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-14753]
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DEPARTMENT OF AGRICULTURE
Rural Utilities Service
Municipal Interest Rates for the Third Quarter of 1995
AGENCY: Rural Utilities Service, USDA.
ACTION: Notice of municipal interest rates on advances from insured
electric loans for the third quarter of 1995.
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SUMMARY: The Rural Utilities Service hereby announces the interest
rates for advances on municipal rate loans with interest rate terms
beginning during the third calendar quarter of 1995.
DATES: These interest rates are effective for interest rate terms that
commence during the period beginning July 1, 1995, and ending September
30, 1995.
FOR FURTHER INFORMATION CONTACT: Sue Arnold, Financial Analyst, U.S.
Department of Agriculture, Rural Utilities Service, room 2230-s, 14th
Street & Independence Avenue, SW. AgBox 1522, Washington, DC 20250-
1500. Telephone: 202-720-0736. FAX: 202-720-4120.
SUPPLEMENTARY INFORMATION: The Rural Utilities Service (RUS) hereby
announces the interest rates on advances made during the third calendar
quarter of 1995 for municipal rate electric loans. Pursuant to
regulations originally published by the Rural Electrification
Administration (REA) at 7 CFR 1714.5, the interest rates on advances
from municipal rate loans are based on indexes published in the ``Bond
Buyer'' for the four weeks prior to the first Friday of the last month
before the beginning of the quarter.
The Federal Crop Insurance Reform and Department of Agriculture
Reorganization Act of 1994 (Pub.L. 103-354, 101 Stat. 3178), signed by
President Clinton on October 13, 1994, provides for the establishment
of RUS as successor to REA with respect to various programs, including
the electric loan program established by the Rural Electrification Act
of 1936 (7 U.S.C. 901 et seq.). On October 20, 1994, the Secretary of
Agriculture issued Secretary's Memorandum 1010-1, establishing RUS and
abolishing REA. Therefore, RUS is publishing this notice implementing a
rule originally published by REA.
In accordance with 7 CFR 1714.5, the interest rates are established
as shown in the following table for all interest rate terms that begin
at any time during the third calendar quarter of 1995.
[[Page 31703]]
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Interest
Interest rate term ends in (year) rate (0.000
percent)
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2016 or later.............................................. 5.750
2015....................................................... 5.750
2014....................................................... 5.750
2013....................................................... 5.750
2012....................................................... 5.625
2011....................................................... 5.625
2010....................................................... 5.500
2009....................................................... 5.500
2008....................................................... 5.375
2007....................................................... 5.375
2006....................................................... 5.250
2005....................................................... 5.125
2004....................................................... 5.000
2003....................................................... 5.000
2002....................................................... 4.875
2001....................................................... 4.750
2000....................................................... 4.625
1999....................................................... 4.500
1998....................................................... 4.500
1997....................................................... 4.375
1996....................................................... 4.125
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Dated: June 8, 1995.
Wally Beyer,
Administrator, Rural Utilities Service.
[FR Doc. 95-14753 Filed 6-15-95; 8:45 am]
BILLING CODE 3410-15-P