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Notice

Municipal Interest Rates for the Third Quarter of 2000

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Start Preamble

AGENCY:

Rural Utilities Service, USDA.

ACTION:

Notice of municipal interest rates on advances from insured electric loans for the third quarter of 2000.

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 2000.

DATES:

These interest rates are effective for interest rate terms that commence during the period beginning July 1, 2000, and ending September 30, 2000.

Start Further Info

FOR FURTHER INFORMATION CONTACT:

Gail P. Salgado, Management Analyst, Office of the Assistant Administrator, Electric Program, Rural Utilities Service, U.S. Department of Agriculture, Room 4024-S, Stop 1560, 1400 Independence Avenue, SW, Washington, DC 20250-1560. Telephone: 202-205-3660. FAX: 202-690-0717. E-mail: GSalgado@rus.usda.gov.

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SUPPLEMENTARY INFORMATION:

The Rural Utilities Service (RUS) hereby announces the interest rates on advances made during the third calendar quarter of 2000 for municipal rate electric loans. RUS regulations at § 1714.4 state that each advance of funds on a municipal rate loan shall bear interest at a single rate for each interest rate term. Pursuant to § 1714.5, the interest rates on these advances are based on indexes published in the “Bond Buyer” for the four weeks prior to the fourth Friday of the last month before the beginning of the quarter. The rate for interest rate terms of 20 years or longer is the average of the 20 year rates published in the Bond Buyer in the four weeks specified in § 1714.5(d). The rate for terms of less than 20 years is the average of the rates published in the Bond Buyer for the same four weeks in the table of “Municipal Market Data—General Obligation Yields” or the successor to this table. No interest rate may exceed the interest rate for Water and Waste Disposal loans.

The table of Municipal Market Data includes only rates for securities maturing in 2000 and at 5 year intervals thereafter. The rates published by RUS reflect the average rates for the years shown in the Municipal Market Data table. Rates for interest rate terms ending in intervening years are a linear interpolation based the average of the rates published in the Bond Buyer. All rates are adjusted to the nearest one eighth of one percent (0.125 percent) as required under § 1714.5(a). The market interest rate on Water and Waste Disposal loans for this quarter is 5.875 percent.

In accordance with § 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 2000.

Interest rate term ends in (year)RUS rate (0.000 percent)
2021 or later5.875
20205.875
20195.875
20185.875
20175.750
20165.750
20155.750
20145.625
20135.625
20125.500
20115.375
20105.375
20095.250
20085.250
20075.125
20065.125
20055.000
20044.875
20034.625
20024.375
20014.125
Start Signature

Christopher A. McLean,

Acting Administrator, Rural Utilities Service.

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[FR Doc. 00-15089 Filed 6-14-00; 8:45 am]

BILLING CODE 3410-15-P