[Federal Register Volume 66, Number 123 (Tuesday, June 26, 2001)]
[Notices]
[Pages 33945-33946]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-15948]


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DEPARTMENT OF AGRICULTURE

Rural Utilities Service


Municipal Interest Rates for the Third Quarter of 2001

AGENCY: Rural Utilities Service, USDA.

ACTION: Notice of municipal interest rates on advances from insured 
electric loans for the third quarter of 2001.

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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 2001.

DATES: These interest rates are effective for interest rate terms that 
commence during the period beginning July 1, 2001, and ending September 
30, 2001.

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 2001 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

[[Page 33946]]

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 2001 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 on 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 5.250 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 2001.

------------------------------------------------------------------------
                                                             RUS rate
            Interest rate term ends in (year)                 (0.000
                                                             percent)
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2022 or later...........................................           5.250
2021....................................................           5.250
2020....................................................           5.250
2019....................................................           5.125
2018....................................................           5.125
2017....................................................           5.125
2016....................................................           5.000
2015....................................................           5.000
2014....................................................           4.875
2013....................................................           4.750
2012....................................................           4.625
2011....................................................           4.500
2010....................................................           4.375
2009....................................................           4.250
2008....................................................           4.125
2007....................................................           4.000
2006....................................................           3.875
2005....................................................           3.625
2004....................................................           3.375
2003....................................................           3.125
2002....................................................           2.875
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    Dated: June 13, 2001.
Blaine D. Stockton,
Acting Administrator, Rural Utilities Service.
[FR Doc. 01-15948 Filed 6-25-01; 8:45 am]
BILLING CODE 3410-15-P