[Federal Register Volume 60, Number 238 (Tuesday, December 12, 1995)]
[Notices]
[Pages 63688-63689]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30136]



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DEPARTMENT OF AGRICULTURE
Rural Utilities Service


Municipal Interest Rates for the First Quarter of 1996

AGENCY: Rural Utilities Service, USDA.

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

DATES: These interest rates are effective for interest rate terms that 
commence during the period beginning January 1, 1996, and ending March 
31, 1996.

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 first calendar 
quarter of 1996 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 first calendar quarter of 1996.

------------------------------------------------------------------------
                                                                RUS rate
              Interest rate term ends in (year)                  (0.000 
                                                                percent)
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2016 or later................................................      5.500
2015.........................................................      5.500
2014.........................................................      5.500
2013.........................................................      5.375
2012.........................................................      5.375
2011.........................................................      5.375
2010.........................................................      5.375
2009.........................................................      5.250
2008.........................................................      5.125
2007.........................................................      5.000
2006.........................................................      5.000
2005.........................................................      4.875
2004.........................................................      4.750
2003.........................................................      4.625
2002.........................................................      4.500
2001.........................................................      4.375
2000.........................................................      4.375
1999.........................................................      4.250
1998.........................................................      4.125
1997.........................................................      4.000
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[[Page 63689]]


    Dated: December 6, 1995.
Wally Beyer,
Administrator, Rural Utilities Service.
[FR Doc. 95-30136 Filed 12-11-95; 8:45 am]
BILLING CODE 3410-15-P