[Federal Register Volume 65, Number 116 (Thursday, June 15, 2000)]
[Notices]
[Page 37518]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-15089]


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DEPARTMENT OF AGRICULTURE

Rural Utilities Service


Municipal Interest Rates for the Third Quarter of 2000

AGENCY: Rural Utilities Service, USDA.

ACTION: Notice of municipal interest rates on advances from insured 
electric loans for the third 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 third calendar quarter of 2000.

DATES: These interest rates are effective for interest rate terms that 
commence during the period beginning July 1, 2000, and ending September 
30, 2000.

FOR FURTHER INFORMATION CONTACT: Gail P. Salgado, Management Analyst, 
Office of the Assistant Administrator, Electric Program, Rural 
Utilities Service, U.S. Department of Agriculture, Room 4024-S, Stop 
1560, 1400 Independence Avenue, SW, Washington, DC 20250-1560. 
Telephone: 202-205-3660. FAX: 202-690-0717. E-mail: 
[email protected].

SUPPLEMENTARY INFORMATION: The Rural Utilities Service (RUS) hereby 
announces the interest rates on advances made during the third 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 5.875 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 third calendar quarter of 2000.

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                                                                RUS rate
              Interest rate term ends in (year)                  (0.000
                                                                percent)
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2021 or later................................................      5.875
2020.........................................................      5.875
2019.........................................................      5.875
2018.........................................................      5.875
2017.........................................................      5.750
2016.........................................................      5.750
2015.........................................................      5.750
2014.........................................................      5.625
2013.........................................................      5.625
2012.........................................................      5.500
2011.........................................................      5.375
2010.........................................................      5.375
2009.........................................................      5.250
2008.........................................................      5.250
2007.........................................................      5.125
2006.........................................................      5.125
2005.........................................................      5.000
2004.........................................................      4.875
2003.........................................................      4.625
2002.........................................................      4.375
2001.........................................................      4.125
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Christopher A. McLean,
Acting Administrator, Rural Utilities Service.
[FR Doc. 00-15089 Filed 6-14-00; 8:45 am]
BILLING CODE 3410-15-P