[Federal Register Volume 64, Number 242 (Friday, December 17, 1999)]
[Notices]
[Page 70693]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-32733]
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DEPARTMENT OF AGRICULTURE
Rural Utilities Service
Municipal Interest Rates for the First Quarter of 2000
AGENCY: Rural Utilities Service, USDA.
ACTION: Notice of municipal interest rates on advances from insured
electric loans for the first quarter of 2000.
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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 first calendar quarter of 2000.
DATES: These interest rates are effective for interest rate terms that
commence during the period beginning January 1, 2000, and ending March
31, 2000.
FOR FURTHER INFORMATION CONTACT: Carolyn Dotson, Loan Funds Control
Assistant, U.S. Department of Agriculture, Rural Utilities Service,
Room 0227-S, Stop 1524, 1400 Independence Avenue, SW, Washington, DC
20250-1500. 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 first calendar
quarter of 2000 for municipal rate electric loans. RUS regulations at
Sec. 1714.4 state that each advance of funds on a municipal rate loan
shall bear interest at a single rate for each interest rate term.
Pursuant to Sec. 1714.5, the interest rates on these advances are based
on indexes published in the ``Bond Buyer'' for the four weeks prior to
the fourth Friday of the last month before the beginning of the
quarter. The rate for interest rate terms of 20 years or longer is the
average of the 20 year rates published in the Bond Buyer in the four
weeks specified in Sec. 1714.5(d). The rate for terms of less than 20
years is the average of the rates published in the Bond Buyer for the
same four weeks in the table of ``Municipal Market Data--General
Obligation Yields'' or the successor to this table. No interest rate
may exceed the interest rate for Water and Waste Disposal loans.
The table of Municipal Market Data includes only rates for
securities maturing in 2000 and at 5 year intervals thereafter. The
rates published by RUS reflect the average rates for the years shown in
the Municipal Market Data table. Rates for interest rate terms ending
in intervening years are a linear interpolation based the average of
the rates published in the Bond Buyer. All rates are adjusted to the
nearest one-eighth of one percent (0.125 percent) as required under
Sec. 1714.5(a). The market interest rate on Water and Waste Disposal
loans for this quarter is 5.750 percent.
In accordance with Sec. 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 first calendar quarter of 2000.
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RUS rate (0.000
Interest rate term ends in (year) percent)
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2021 or later......................................... 5.750
2020.................................................. 5.750
2019.................................................. 5.750
2018.................................................. 5.750
2017.................................................. 5.625
2016.................................................. 5.625
2015.................................................. 5.500
2014.................................................. 5.375
2013.................................................. 5.375
2012.................................................. 5.250
2011.................................................. 5.125
2010.................................................. 5.000
2009.................................................. 5.000
2008.................................................. 4.875
2007.................................................. 4.750
2006.................................................. 4.750
2005.................................................. 4.625
2004.................................................. 4.375
2003.................................................. 4.250
2002.................................................. 4.000
2001.................................................. 3.875
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Dated: December 10, 1999.
Christopher A. McLean,
Acting Administrator, Rural Utilities Service.
[FR Doc. 99-32733 Filed 12-16-99; 8:45 am]
BILLING CODE 3410-15-P