[Federal Register Volume 62, Number 51 (Monday, March 17, 1997)]
[Notices]
[Pages 12594-12595]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6652]


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DEPARTMENT OF AGRICULTURE
Rural Utilities Service


Municipal Interest Rates for the Second Quarter of 1997

AGENCY: Rural Utilities Service, USDA.

ACTION: Notice of municipal interest rates on advances from insured 
electric loans for the second quarter of 1997.

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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 second calendar quarter of 1997.

DATES: These interest rates are effective for interest rate terms that 
commence during the period beginning April 1, 1997, and ending June 30, 
1997.

FOR FURTHER INFORMATION CONTACT: Carolyn Dotson, Loan Funds Control 
Assistant, U.S. Department of Agriculture, Rural Utilities Service, 
room 2234-S, 1400 Independence Avenue, SW., Stop 1522, Washington, DC 
20250-1522. Telephone: 202-720-1928. FAX: 202-690-2268. E-mail: 
CD[email protected].

SUPPLEMENTARY INFORMATION: The Rural Utilities Service (RUS) hereby 
announces the interest rates on advances made during the second 
calendar quarter of 1997 for municipal rate electric loans. Pursuant to 
RUS regulations at 7 CFR 1714.4, each advance of funds on a municipal 
rate

[[Page 12595]]

loan shall bear interest at a single rate for each interest rate term. 
Pursuant to 7 CFR 1714.5, the interest rates on these advances are 
based on indexes published in the ``Bond Buyer'' for the four weeks 
prior to the second Friday of the last month before the beginning of 
the quarter.
    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 second calendar quarter of 1997.

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                                                                RUS rate
              Interest rate term ends in (year)                  (0.000 
                                                                percent)
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2018 or later................................................      5.500
2017.........................................................      5.500
2016.........................................................      5.500
2015.........................................................      5.500
2014.........................................................      5.375
2013.........................................................      5.375
2012.........................................................      5.250
2011.........................................................      5.250
2010.........................................................      5.250
2009.........................................................      5.125
2008.........................................................      5.000
2007.........................................................      4.875
2006.........................................................      4.875
2005.........................................................      4.750
2004.........................................................      4.625
2003.........................................................      4.500
2002.........................................................      4.375
2001.........................................................      4.375
2000.........................................................      4.125
1999.........................................................      4.000
1998.........................................................      3.625
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    Dated: March 11, 1997.
Adam Golodner,
Deputy Administrator, Program Operations, Rural Utilities Service.
[FR Doc. 97-6652 Filed 3-14-97; 8:45 am]
BILLING CODE 3410-15-P