Treasury Current Value of Funds Rate

Historical Rates 

Prior to 1978, federal agencies determined their own interest rates for overdue debt. Following 

are the rates in effect during the specified periods from March 1978 to 2011: 

Time Period Rate TFM Bulletin Number Federal Register 

(Volume/Date/Page)

Jan. 1, 2011 - Dec. 31, 2011 1.00% 2011-03 Vol. 75 / Oct. 26, 2010 / 65710

Jan. 1, 2010 - Dec. 31, 2010 1.00% 2010-02 Vol. 74 / Nov. 25, 2009 / 61735

Jan. 1, 2009 - Dec. 31, 2009 3.00% 2009-02 Vol. 73 / Oct 17, 2008 / 61932

July 1, 2008 - Dec. 31, 2008 3.00% 2008-07 Vol. 73 / July 17, 2008 / 41167

Jan. 1, 2008 - June 30, 2008 5.00% 2008-04 Vol. 72 / Oct. 29, 2007 / 61212

Jan. 1, 2007 - Dec. 31, 2007 4.00% 2007-02 Vol. 71 / Oct. 18, 2006 / 61539

July 1, 2006 - Dec. 31, 2006 4.00% 2006-10 Vol. 71 / July 28, 2006 / 42894 

Jan. 1, 2006 - June 30, 2006 2.00% 2006-02 Vol. 70 / Nov. 1, 2005 / 65980

Jan. 1, 2005 - Dec. 31, 2005 1.00% 2005-02 Vol. 69 / Nov. 2, 2004 / 63570

Jan. 1, 2004 - Dec. 31, 2004 1.00% 2004-03 Vol. 68 / Oct. 30, 2003 / 61865

Jan. 1, 2003 - Dec. 31, 2003 2.00% 2003-02 Vol. 67 / Oct. 23, 2002 / 65187

July 1, 2002 - Dec. 31, 2002 3.00% 2002-05 Vol. 66 / Apr. 24, 2002 / 20203

Jan. 1, 2002 - June 30, 2002 5.00% 2002-02 Vol. 66 / Oct. 25, 2002 / 54060

Jan. 1, 2001 - Dec. 31, 2001 6.00% 2001-02 Vol. 65 / Oct. 31, 2000 / 65040

Jan. 1, 2000 - Dec. 31, 2000 5.00% 2000-03 Vol. 64 / Oct. 29, 1999 / 58467

Jan. 1, 1999 - Dec. 31, 1999 5.00% 1999-03 Vol. 63 / Oct. 30, 1998 / 58457

Jan. 1, 1998 - Dec. 31, 1998 5.00% 1998-05 Vol. 62 / Oct. 28, 1997 / 55848

Jan. 1, 1997 - Dec. 31, 1997 5.00% 1997-02 Vol. 61 / Oct. 30, 1996 / 56086

Jan. 1, 1996 - Dec. 31, 1996 5.00% 1996-02 Vol. 60 / Oct. 26, 1995 / 54911

July 1, 1995 - Dec. 31, 1995 5.00% 1995-08 Vol. 60 / Apr. 28, 1995 / 21024

Jan. 1, 1995 - June 30, 1995 3.00% 1995-06 Vol. 59 / Nov. 1, 1994 / 54672

Jan. 1, 1994 - Dec. 31, 1994 3.00% 1994-03 Vol. 58 / Oct. 28, 1993 / 58037

Jan. 1, 1993 - Dec. 31, 1993 4.00% 1993-02 Vol. 57 / Oct. 27, 1992 / 48651

Jan. 1, 1992 - Dec. 31, 1992 6.00% 1992-03 Vol. 56 / Oct. 28, 1991 / 55521
Jan. 1, 1991 - Dec. 31, 1991 8.00% 1991-02 Vol. 55 / Oct. 30, 1990 / 45710

Jan. 1, 1990 - Dec. 31, 1990 9.00% 1990-02 Vol. 54 / Oct. 31, 1989 / 45886

Jan. 1, 1989 - Dec. 31, 1989 7.00% 1989-02 Vol. 53 / Nov. 15, 1988 / 46010

Jan. 1, 1988 - Dec. 31, 1988 6.00% 1988-02 Vol. 52 / Nov. 30, 1987 / 45523

Jan. 1, 1987 - Dec. 31, 1987 7.00% 1987-03 Vol. 51 / Nov. 25, 1986 / 42673

Jan. 1, 1986 - Dec. 31, 1986 8.00% 1986-02 Vol. 50 / Oct. 31, 1985 / 45524

Oct. 1, 1985 - Dec. 31, 1985 9.00% 1985-16 Vol. 50 / Aug. 5, 1985 / 31668

July 1, 1985 - Sep. 30, 1985 9.00% 1985-11 Vol. 50 / May 2, 1985 / 18761

Apr. 1, 1985 - June 30, 1985 9.00% 1985-05 Vol. 50 / Jan. 31, 1985 / 4609

Jan. 1, 1985 - Mar. 31, 1985 9.00% 1985-04 Vol. 49 / Oct. 31, 1984 / 43830

Oct. 1, 1984 - Dec. 31, 1984 9.00% 1984-17 Vol. 49 / Aug. 3, 1984 / 31190

July 1, 1984 - Sep. 30, 1984 9.00% 1984-12 Vol. 49 / Apr. 30, 1984 / 18373

Apr. 1, 1984 - June 30, 1984 9.00% 1984-09 Vol. 49 / Jan. 27, 1984 / 3560

Jan. 1, 1984 - Mar. 31, 1984 9.00% 1984-04 Vol. 48 / Oct. 26, 1983 / 49571

Oct. 1, 1983 - Dec. 31, 1983 9.00% 1983-29 Vol. 48 / July 26, 1983 / 33961

July 1, 1983 - Sep. 30, 1983 11.00% 1983-21 Vol. 48 / May 2, 1983 / 19814

Apr. 1, 1983 - June 30, 1983 13.00% 1983-15 Vol. 48 / Jan. 25, 1983 / 3443

Jan. 1, 1983 - Mar. 31, 1983 13.00% 1983-05 Vol. 47 / Oct. 29, 1982 / 49137

Oct. 1, 1982 - Dec. 31, 1982 11.98% 1982-26 Vol. 47 / Sep. 20, 1982 / 41459

July 1, 1982 - Sep. 30, 1982 14.26% 1982-16 Vol. 47 / June 18, 1982 / 26489

Apr. 1, 1982 - June 30, 1982 13.22% 1982-09 Vol. 47 / Mar. 19, 1982 / 12006

Jan. 1, 1982 - Mar. 31, 1982 14.39% 1982-05 Vol. 46 / Dec. 16, 1981 / 61383

Oct. 1, 1981 - Dec. 31, 1981 18.35% 1981-14 Vol. 46 / Sep. 17, 1981 / 46273

July 1, 1981 - Sep. 30, 1981 16.19% 1981-09 Vol. 46 / June 17, 1981 / 31804

Apr. 1, 1981 - June 30, 1981 17.74% 1981-06 Vol. 46 / Mar. 25, 1981 / 18637

Jan. 1, 1981 - Mar. 31, 1981 13.14% 1981-04

Oct. 1, 1980 - Dec. 31, 1980 9.09% 1980-11

July 1, 1980 - Sep. 30, 1980 14.72% 1980-08

Mar. 31, 1978 - June 30, 1980 9.00%

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