[Federal Register Volume 60, Number 177 (Wednesday, September 13, 1995)]
[Notices]
[Page 47546]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-22632]
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Notices
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains documents other than rules
or proposed rules that are applicable to the public. Notices of hearings
and investigations, committee meetings, agency decisions and rulings,
delegations of authority, filing of petitions and applications and agency
statements of organization and functions are examples of documents
appearing in this section.
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Federal Register / Vol. 60, No. 177 / Wednesday, September 13, 1995 /
Notices
[[Page 47546]]
DEPARTMENT OF AGRICULTURE
Rural Utilities Service
Municipal Interest Rates for the Fourth Quarter of 1995
AGENCY: Rural Utilities Service, USDA.
ACTION: Notice of municipal interest rates on advances from insured
electric loans for the fourth 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 fourth calendar quarter of 1995.
DATES: These interest rates are effective for interest rate terms that
commence during the period beginning October 1, 1995, and ending
December 31, 1995.
FOR FURTHER INFORMATION CONTACT: Sue Arnold, Financial Analyst, U.S.
Department of Agriculture, Rural Utilities Service, room 2230-s, 14th
Street & Independence Avenue, SW. AgBox 1522, 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 fourth
calendar quarter of 1995 for 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
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 fourth calendar quarter of 1995.
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RUS 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......................................................... 5.875
2012......................................................... 5.875
2011......................................................... 5.750
2010......................................................... 5.625
2009......................................................... 5.625
2008......................................................... 5.500
2007......................................................... 5.375
2006......................................................... 5.250
2005......................................................... 5.000
2004......................................................... 5.000
2003......................................................... 4.875
2002......................................................... 4.750
2001......................................................... 4.625
2000......................................................... 4.500
1999......................................................... 4.375
1998......................................................... 4.250
1997......................................................... 4.000
1996......................................................... 3.875
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Dated: September 6, 1995.
Wally Beyer,
Administrator, Rural Utilities Service.
[FR Doc. 95-22632 Filed 9-12-95; 8:45 am]
BILLING CODE 3410-15-P