[Federal Register Volume 59, Number 244 (Wednesday, December 21, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31341]
[[Page Unknown]]
[Federal Register: December 21, 1994]
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DEPARTMENT OF AGRICULTURE
Rural Utilities Service
Municipal Interest Rates for the First Quarter of 1995
AGENCY: Rural Utilities Service, USDA.
ACTION: Notice of municipal interest rates on advances from insured
electric loans for the first 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 first quarter of 1995.
DATES: These interest rates are effective for interest rate terms that
commence during the period beginning January 1, 1995, and ending March
31, 1995.
FOR FURTHER INFORMATION CONTACT: Sue Arnold, Financial Analyst, Program
Support Staff, U.S. Department of Agriculture, Rural Utilities Service,
room 2230-S, 14th Street and Independence Avenue SW., Washington, DC
20250-1500. Telephone: 202-720-0736. FAX: 202-720-4120.
SUPPLEMENTARY INFORMATION: The Rural Utilities Service (RUS) hereby
announces the interest rates on advances made during the first calendar
quarter of 1995 from municipal rate electric loans. Pursuant to
regulations originally published by the Rural Electrification
Administration (REA) at 7 CFR 1714.5, the interest rates on advances of
funds 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 RUS. 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
any time during the first calendar quarter of 1995.
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Rate (0.000
Interest rate term ends (year) percent)
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2016 or later............................................. 6.875
2015...................................................... 6.875
2014...................................................... 6.875
2013...................................................... 6.875
2012...................................................... 6.875
2011...................................................... 6.875
2010...................................................... 6.750
2009...................................................... 6.750
2008...................................................... 6.625
2007...................................................... 6.500
2006...................................................... 6.375
2005...................................................... 6.375
2004...................................................... 6.250
2003...................................................... 6.125
2002...................................................... 6.000
2001...................................................... 5.875
2000...................................................... 5.875
1999...................................................... 5.625
1998...................................................... 5.500
1997...................................................... 5.250
1996...................................................... 5.000
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Dated: December 9, 1994.
Wally Beyer,
Administrator, Rural Utilities Service.
[FR Doc. 94-31341 Filed 12-20-94; 8:45 am]
BILLING CODE 3410-15-P