96-15518. Municipal Interest Rates for the Third Quarter of 1996

[Federal Register Volume 61, Number 119 (Wednesday, June 19, 1996)]
[Notices]
[Page 31089]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15518]



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DEPARTMENT OF AGRICULTURE
Rural Utilities Service


Municipal Interest Rates for the Third Quarter of 1996

AGENCY: Rural Utilities Service, USDA.

ACTION: Notice of municipal interest rates on advances from insured 
electric loans for the third quarter of 1996.

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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 1996.

DATES: These interest rates are effective for interest rate terms that 
commence during the period beginning July 1, 1996, and ending September 
30, 1996.

FOR FURTHER INFORMATION CONTACT: Carolyn Dotson, Loan Funds Control 
Assistant, U.S. Department of Agriculture, Rural Utilities Service, 
room 2230-s, 14th Street & Independence Avenue, SW., AgBox 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 third calendar 
quarter of 1996 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 third calendar quarter of 1996.

Interest rate term ends in.....................................RUS rate
(year)..................................................(0.000 percent)
2017 or later.....................................................5.875
2016..............................................................5.750
2015..............................................................5.750
2014..............................................................5.750
2013..............................................................5.750
2012..............................................................5.625
2011..............................................................5.625
2010..............................................................5.500
2009..............................................................5.500
2008..............................................................5.375
2007..............................................................5.250
2006..............................................................5.250
2005..............................................................5.125
2004..............................................................5.000
2003..............................................................4.875
2002..............................................................4.750
2001..............................................................4.750
2000..............................................................4.625
1999..............................................................4.500
1998..............................................................4.250
1997..............................................................3.625

    Dated: June 12, 1996.
Wally Beyer,
Administrator, Rural Utilities Service.
[FR Doc. 96-15518 Filed 6-18-96; 8:45 am]
BILLING CODE 3410-15-P