RUS loan documentation generally permits borrowers to prepay RUS Notes by paying the outstanding balance due thereon. Nothing in this subpart shall prohibit any borrower from prepaying its outstanding RUS Notes in accordance with the terms thereof. The provisions of this subpart shall not be applicable to such prepayment. Sec. Appendix A to Subpart E of Part 1786--Listing of Eligible Borrowers ------------------------------------------------------------------------
State Borrower name and address------------------------------------------------------------------------Colorado............................ Colorado-Ute Electric Assn., Inc.,
Montrose.Florida............................. Lee County Electric Coop. Inc.,
North Fort Myers.Indiana............................. Clark County Rural Elec. Memb.
Corp., Sellersburg.Louisiana........................... Beauregard Electric Cooperative,
Inc., Deridder.Missouri............................ Culvre River Electric Cooperative,
Inc., Troy.Nebraska............................ Roosevelt Public Power District,
Mitchell.Nebraska............................ Howard Greely Rural Public Power
Dist., St. Paul.Nebraska............................ Cuming County Public Power
District, West Point.Nebraska............................ York County Rural Public Power
District, York.Nebraska............................ Elkhorn Rural Public Power
District, Battle Creek.Nebraska............................ Southern Nebraska Rural P. P. D.,
Grand Island.Nebraska............................ McCook Public Power District,
McCook.Nebraska............................ Niobrara Valley Electric Memb.
Corp., O'Neill.Nebraska............................ Cornhusker Public Power District,
Columbus.Nebraska............................ Custer Public Power District,
Broken Bow.Nebraska............................ Northwest Rural Public Power
Dist., Hay Springs.Nebraska............................ Southwest Public Power District,
Palisade.Nebraska............................ Loup Valleys Rural Public Power
District, Ord.Nebraska............................ South Central Public Power
District, Nelson.Oklahoma............................ Peoples' Electric Cooperative,
Ada.Texas............................... Deaf Smith County Electric Coop.
Inc., Hereford.Texas............................... Pedernales Electric Coop. Inc.,
Johnson City.Texas............................... Bandera Electric Cooperative,
Inc., Bandera.Texas............................... Guadalupe Valley Electric Coop.,
Inc., Gonzales.Texas............................... Bluebonnet Electric Cooperative,
Inc., Giddings.Texas............................... Cap Rock Electric Cooperative,
Inc. Stanton.Texas............................... San Bernard Electric Cooperative,
Inc., Bellville.Washington.......................... Inland Power & Light Company,
Spokane.Washington.......................... Pub. Util. Dist. No. 1 Grays
Harbor Co., Aberdeen.------------------------------------------------------------------------
Sec. Appendix B to Subpart E of Part 1786--Federal Reserve Statistical
Release
Federal Reserve Statistical Release
These data are released each Monday. The availability of the release will be announced when the information is available, on (202) 452-3206.
H. 15 (519)
For immediate release February 4, 1991.
Selected Interest Rates
[Yields in percent per annum]--------------------------------------------------------------------------------------------------------------------------------------------------------
1991 Jan. 1991 Jan. 1991 Jan. 1991 Jan. 1991 Feb.
Instruments 28 29 30 31 1 This week Last week 1991 Jan.--------------------------------------------------------------------------------------------------------------------------------------------------------Federal Funds (effective) \1 2 3\....................... 7.61 7.16 6.96 8.18 6.30 7.46 6.88 6.91Commercial paper \3 4 5\
1-Month............................................. 6.88 6.96 6.95 6.99 6.73 6.90 6.83 7.12
3-Month............................................. 6.92 6.96 6.94 6.95 6.67 6.89 6.92 7.10
6-Month............................................. 6.87 6.91 6.88 6.88 6.58 6.82 6.86 7.02Finance paper placed directly \3 4 6\
1-Month............................................. 6.76 6.85 6.83 6.83 6.55 6.76 6.68 6.95
3-Month............................................. 6.75 6.83 6.83 6.76 6.46 6.73 6.77 6.92
6-Month............................................. 6.53 6.53 6.59 6.53 6.19 6.47 6.55 6.59Bankers acceptances (top rated) \3 4 7\
3-Month............................................. 6.80 6.82 6.77 6.68 6.30 6.67 6.76 6.96
6-Month............................................. 6.67 6.70 6.65 6.55 6.15 6.54 6.63 6.84CDS (secondary market) \3 8\
1-Month............................................. 6.78 6.85 6.87 6.82 6.52 6.77 6.77 7.10
3-Month............................................. 6.94 6.95 6.93 6.88 6.51 6.84 6.94 7.17
6-Month............................................. 6.95 6.98 6.95 6.88 6.51 6.85 6.97 7.17
Eurodollar deposits (London) \3 9\
1-Month............................................. 6.81 6.88 6.88 6.88 6.88 6.86 6.81 7.13
3-Month............................................. 6.94 7.06 7.00 6.94 6.94 6.98 7.01 7.23
6-Month............................................. 7.00 7.00 7.00 6.94 6.94 6.98 7.04 7.23Bank prime loan \2 3 10\................................ 9.50 9.50 9.50 9.50 9.50 9.50 9.50 9.52Discount window borrowing \2 11\........................ 6.50 6.50 6.50 6.50 6.00 6.50 6.50 6.50U.S. Government securities
Treasury bills
Auction average \3 4 12\
3-Month........................................... 6.22 .......... .......... .......... .......... 6.22 6.14 6.30
6-Month........................................... 6.28 .......... .......... .......... .......... 6.28 6.21 6.34
1-Year............................................ .......... .......... .......... .......... .......... .......... .......... 6.22
Auction average (investment) \12\
3-Month........................................... 6.41 .......... .......... .......... .......... 6.41 6.32 6.49
6-Month........................................... 6.58 .......... .......... .......... .......... 6.58 6.50 6.64
Secondary market \3 4\
3-Month........................................... 6.25 6.22 6.20 6.19 6.00 6.17 6.12 6.22
6-Month........................................... 6.26 6.26 6.24 6.20 5.97 6.19 6.20 6.28
1-Year............................................ 6.24 6.20 6.17 6.13 5.91 6.13 6.19 6.25Treasury Constant maturities \13\
1-Year............................................ 6.64 6.59 6.56 6.51 6.27 6.51 6.58 6.64
2-Year............................................ 7.12 7.10 7.07 7.05 6.83 7.03 7.09 7.13
3-Year............................................ 7.38 7.35 7.34 7.30 7.10 7.29 7.35 7.38
5-Year............................................ 7.67 7.64 7.64 7.62 7.45 7.60 7.66 7.70
7-Year............................................ 7.93 7.90 7.90 7.89 7.75 7.87 7.92 7.97
10-Year........................................... 8.06 8.05 8.05 8.03 7.91 8.02 8.04 8.09
30-Year........................................... 8.23 8.20 8.23 8.21 8.09 8.19 8.22 8.27
Composite
Over 10 years (long-term) \14\...................... 8.29 8.26 8.29 8.27 8.15 8.25 8.28 8.33Corporate bonds
Moody's Seasoned
AAA................................................. 9.03 9.01 9.00 8.99 8.96 9.00 9.05 9.04
BAA................................................. 10.43 10.37 10.35 10.33 10.24 10.34 10.44 10.45
A-Utility \15\...................................... .......... .......... .......... .......... 9.65 9.65 9.80 9.83State and local bonds \16\.............................. .......... .......... .......... 7.00 .......... 7.00 7.06 7.08Conventional mortgages \17\............................. .......... .......... .......... .......... 9.56 9.56 9.61 9.64--------------------------------------------------------------------------------------------------------------------------------------------------------Footnotes:\1\ The daily effective federal funds rate is a weighted average of rates on trades through N.Y. brokers.\2\ Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include each calendar day in the month.\3\ Annualized using a 360-day year or bank interest.\4\ Quoted on a discount basis.\5\ An average of offering rates on commercial paper placed by several leading dealers for firms whose bond rating is AA or the equivalent.\6\ An average of offering rates on paper directly placed by finance companies.\7\ Representative closing yields for acceptances of the highest rated money center banks.\8\ An average of dealer offering rates on nationally traded certificates of deposit.\9\ Bid rates for Eurodollar deposits at 11 a.m. London time.\10\ One of several base rates used by banks to price short-term business loans.\11\ Rate for the Federal Reserve Bank of New York.\12\ Auction date for daily data; weekly and monthly averages computed on an issue-date basis.\13\ Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.\14\ Unweighted average of rates on all outstanding bonds neither due nor callable in less than 10 years, including one very low yielding ``flower''
bond.\15\ Estimate of the yield on a recently offered, A-rated utility bond with a maturity of 30 years and call protection of 5 years; Friday quotations.\16\ Bond buyer Index, general obligation, 20 years to maturity, mixed quality; Thursday quotations.\17\ Contract interest rates on commitments for fixed-rate first mortgages. Source: FHLMC.
Note: Weekly and monthly figures are averages of business days unless otherwise noted.
Description of the Treasury Constant Maturity Series
Yields on Treasury securities at ``constant maturity'' are interpolated by the U.S. Treasury from the daily yield curve. This curve, which relates the yield on a security to its time to maturity, is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market. These market yields are calculated from composites of quotations reported by five leading U.S. Government securities dealers to the Federal Reserve Bank of New York. The constant maturity yield values are read from the yield curve at fixed maturities, currently 1, 2, 3, 5, 7, 10, and 30 years. This method provides a yield for a 10-year maturity, for example, even if no outstanding security has exactly 10 years remaining to maturity.