95-7048. Municipal Interest Rates for Second Quarter of 1995

[Federal Register Volume 60, Number 55 (Wednesday, March 22, 1995)]
[Notices]
[Page 15125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-7048]



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DEPARTMENT OF AGRICULTURE
Rural Utilities Service


Municipal Interest Rates for Second Quarter of 1995

AGENCY: Rural Utilities Service, USDA.

ACTION: Notice of municipal interest rates on advances from insured 
electric loans for the second quarter of 1995.

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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 1995.

DATES: These interest rates are effective for interest rate terms that 
commence during the period beginning April 1, 1995, and ending June 30, 
1995.

FOR FURTHER INFORMATION CONTACT:Patrick Shea, Financial Analyst, U.S. 
Department of Agriculture, Rural Utilities Service, room 2230-s, 14th 
Street & Independence Avenue SW., Washington, DC 20250-1500. Telephone: 
202-720-0736. FAX: [phone].

SUPPLEMENTARY INFORMATION: The Rural Utilities Service (RUS) hereby 
announces the interest rates on advances made during the second 
calendar quarter of 1995 for municipal rate electric loans. Pursuant 
regulations originally published by the Rural Electrification 
Administration (REA) at 7 CFR 1714.5, the interest rates on advances 
from municipal rate loans 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.
    The Federal Crop Insurance Reform and Department of Agriculture 
Reorganization Act of 1994 (Pub. L. 103-354, 101 Stat. 3178), signed by 
President Clinton on October 13, 1994, provides for the establishment 
of RUS as successor to REA with respect to various programs, including 
the electric loan program established by the Rural Electrification Act 
of 1936 (7 U.S.C. 901 et seq.). On October 20, 1994, the Secretary of 
Agriculture issued Secretary's Memorandum 1010-1, establishing RUS and 
abolishing REA. Therefore, RUS is publishing this notice implementing a 
rule originally published by REA.
    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 1995.

------------------------------------------------------------------------
                                                                Interest
                                                                  rate  
              Interest rate term ends in (year)                  (0.000 
                                                                percent)
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2016 or later................................................      6.000
2015.........................................................      6.000
2014.........................................................      6.000
2013.........................................................      6.000
2012.........................................................      6.000
2011.........................................................      5.875
2010.........................................................      5.875
2009.........................................................      5.750
2008.........................................................      5.750
2007.........................................................      5.625
2006.........................................................      5.500
2005.........................................................      5.500
2004.........................................................      5.375
2003.........................................................      5.375
2002.........................................................      5.375
2001.........................................................      5.250
2000.........................................................      5.125
1999.........................................................      5.125
1998.........................................................      5.000
1997.........................................................      4.875
1996.........................................................      4.625
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    Dated: March 13, 1995.
Wally Beyer,
Administrator, Rural Utilities Service.
[FR Doc. 95-7048 Filed 3-21-95; 8:45 am]
BILLING CODE 3410-15-M