Monthly Interest Rate Certification
In February of 1997, the Fiscal Assistant Secretary of the U.S. Department of the Treasury delegated to the Bureau of the Public Debt the responsibility of providing interest rate certification to various agencies. The U.S. Department of Treasury certifies these rates for the month of December 2007.
The following tables contain rates certified for Treasury loans to government agencies.
- Table 1 & Table 2 - Treasury Loans to Government Agencies
- Table 3 - Other Treasury Borrowing Authorities
The following tables contain rates certified by the U.S. Department of the Treasury for various statutory purposes.
- Table 1 & Table 2 - Treasury Loans to Government Agencies
- Table 4 - Guam Development Fund Act
- Table 5 - Department of Defense Arms Export Control
- Table 6 - Other Specific Legislation
Table 1 - December 2007 Specific Maturities
(Updated November 21, 2007)
| Maturity | Indicated for November 2007 | Indicated for December 2007 | Changes |
|---|---|---|---|
| 1 Year | 4-1/8% | 3-3/4% | -3/8% |
| 5 Years | 4-1/4% | 3-7/8% | -3/8% |
| 15 Years | 4-7/8% | 4-5/8% | -1/4% |
| 20 Years | 4-7/8% | 4-5/8% | -1/4% |
Table 2 - December 2007 Range of Maturities
(Updated November 21, 2007)
| From and Including | Up to but NOT Including | Rate |
|---|---|---|
| 0 years - 3 months | 0 years - 4 months | 3-5/8% |
| 0 years - 4 months | 0 years - 6 months | 3-3/4% |
| 0 years - 6 months | 0 years - 9 months | 3-7/8% |
| 0 years - 9 months | 1 year - 7 months | 3-3/4% |
| 1 years - 7 months | 3 years - 6 months | 3-5/8% |
| 3 years - 6 months | 4 years - 3 months | 3-3/4% |
| 4 years - 3 months | 5 years - 5 months | 3-7/8% |
| 5 years - 5 months | 6 years - 11 months | 4% |
| 6 years - 11 months | 8 years - 6 months | 4-1/8% |
| 8 years - 6 months | 10 years - 1 month | 4-1/4% |
| 10 years - 1 month | 11 years - 9 months | 4-3/8% |
| 11 years - 9 months | 13 years - 6 months | 4-1/2% |
| 13 years - 6 months | 30 years - 1 day | 4-5/8% |
Table 3 - December 2007 Other Treasury Borrowing Authorities
(Updated December 3, 2007)
| Legislation | Rate |
|---|---|
| Export Import Bank of the United States | 3.66% |
| Federal Railroad Administration - Settlement of RR Litigation | 3.79% |
| Ocean Freight Differential | 3.79% |
| Rural Electrification Administration | 3.5/8% |
| Tennessee Valley Authority | 4-1/4% |
Table 4 - December 2007 Guam Development Fund Act
(Updated December 3, 2007)
| Range of Maturities | ||
|---|---|---|
| From and Including | Up to but not Including | Rate |
| 0 years - 3 months | 0 years - 4 months | 3-1/8% |
| 0 years - 4 months | 0 years - 5 months | 3-1/4% |
| 0 years - 5 months | 0 years - 10 months | 3-3/8% |
| 0 years - 10 months | 1 year - 5 months | 3-1/4% |
| 1 year - 5 months | 1 year - 11 months | 3-1/8% |
| 1 year - 11 months | 2 years - 10 months | 3% |
| 2 years - 10 months | 3 years - 8 months | 3-1/8% |
| 3 years - 8 months | 4 years - 4 months | 3-1/4% |
| 4 years - 4 months | 5 years - 3 months | 3-3/8% |
| 5 years - 3 months | 6 years - 4 months | 3-1/2% |
| 6 years - 4 months | 7 years - 5 months | 3-5/8% |
| 7 years - 5 months | 8 years - 7 months | 3-3/4% |
| 8 years - 7 months | 9 years - 8 months | 3-7/8% |
| 9 years - 8 months | 10 years - 11 months | 4% |
| 10 years - 11 months | 12 years - 2 months | 4-1/8% |
| 12 years - 2 months | 13 years - 8 months | 4-1/4% |
| 13 years - 8 months | 17 years - 8 months | 4-3/8% |
| 17 years - 8 months | 21 years - 0 months | 4-1/2% |
| 21 years - 0 months | 25 years - 1 day | 4-3/8% |
Table 5 - December 2007 Department of Defense Arms Export Control Act
(Updated December 3, 2007)
With respect to a monthly interest rate to be charged by the Department of Defense on delinquent payments due on Foreign Military Sales under the provisions of Section 21 and 22 of the Arms Export Control Act (22 U.S.C. 2761(d) and 2762(a)), the interest rate for the month of November 2007 is 3.15% and 4% should be added to this rate.
For direct Foreign Military Sales credits with 30-year repayment provisions, the interest rate is 4-3/8%.
The following rates apply for the placement of Foreign Military Sales direct credits.
| From and Including |
Up to but NOT Including |
Rate |
|---|---|---|
| 5 years - 0 months | 5 years - 3 months | 3-3/8% |
| 5 years - 3 months | 6 years - 4 months | 3-1/2% |
| 6 years - 4 months | 7 years - 5 months | 3-5/8% |
| 7 years - 5 months | 8 years - 7 months | 3-3/4% |
| 8 years - 7 months | 9 years - 8 months | 3-7/8% |
| 9 years - 8 months | 10 years - 11 months | 4% |
| 10 years - 11 months | 12 years - 1 day | 4-1/8% |
Table 6 - December 2007 Other Specific Legislation
(Updated December 3, 2007)
| Legislation | Rate |
|---|---|
| Consolidated Farm and Rural Development Act | 5-3/4% |
| Housing Act of 1937, Public and Indian Housing | 3-3/4% |
| Housing Act of 1949, Rural Housing Service - 25 year rate | 4-5/8% |
| Housing Act of 1949, Rural Housing Service - 5 year rate | 3-7/8% |
| Housing and Urban Development Acts of 1968 and 1970 | 4-1/4% |
| Housing and Urban Development Housing Assistance Program | 3-3/4% |
| Indian Financing Act of 1974 | 4-5/8% |
| Tennessee Valley Authority Act of 1933 | 4-1/4% |
