On November 1, 1993, the Rural Electrification Loan Restructuring Act, Pub. L. 103-129, 107 Stat. 1356, (RELRA) amended the Rural Electrification Act of 1936, 7 U.S.C. 901 et seq., (RE Act) to establish a new interest rate structure for insured electric loans. Insured electric loans approved on or after this date, are either municipal rate loans or hardship rate loans. Borrowers meeting the criteria set forth in 714.8 are eligible for 5 percent hardship rate loans.
Treasury and Federal Financing Bank (FFB) Rates
The following list of interest rates for loans
shall not constitute an offer or commitment to make a loan at these
rates. The interest rates listed are illustrative only of the rates
that would apply to funds advanced on the date identified here as the
"Issue Date." These rates change daily.
Issue Date: 07/29/14
07/28/14 TREASURY YIELD CURVE SEMIANNUAL RATES
APPROXIMATE FFB QUARTERLY RATES*
*These approximate FFB rates are based upon a common
type of RUS loan in which the quarterly loan payments are derived
by amortizing over 30 years, but the loan matures with a balloon
payment at the maturity indicated in the column heading (for example,
10 years). The column headings are approximate maturity terms, since
the loans end on quarterly payment dates.