[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] ----------------------------------------------------------------------- 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. ----------------------------------------------------------------------- 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]] ------------------------------------------------------------------------ Interest Interest rate term ends in (year) rate (0.000 percent) ------------------------------------------------------------------------ 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 ------------------------------------------------------------------------ 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