96-31886. Municipal Interest Rates for the First Quarter of 1997

[Federal Register Volume 61, Number 243 (Tuesday, December 17, 1996)]
[Notices]
[Page 66252]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-31886]


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DEPARTMENT OF AGRICULTURE
Rural Utilities Service


Municipal Interest Rates for the First Quarter of 1997

AGENCY: Rural Utilities Service, USDA.

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

DATES: These interest rates are effective for interest rate terms that 
commence during the period beginning January 1, 1997, and ending March 
31, 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: [phone]. FAX: [phone]. E-mail: 
[e-mail].

SUPPLEMENTARY INFORMATION: The Rural Utilities Service (RUS) hereby 
announces the interest rates on advances made during the first 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 
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 first 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 first calendar quarter of 1997.

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                                                       RUS rate  (0.000 
         Interest rate term ends in  (year)                percent)     
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2018................................................               5.500
2017................................................               5.500
2016................................................               5.375
2015................................................               5.375
2014................................................               5.375
2013................................................               5.375
2012................................................               5.375
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................................................               4.500
2001................................................               4.375
2000................................................               4.250
1999................................................               4.125
1998................................................               3.875
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    Dated: December 10, 1996.
Wally Beyer,
Administrator, Rural Utilities Service.
[FR Doc. 96-31886 Filed 12-16-96; 8:45 am]
BILLING CODE 3410-15-M