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Rural Utilities Loan Interest Rates

Water & Environmental Programs

Telecommunications Program

Community Facilities Program

Electric Programs

Hardship Loan Rate

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 §1714.8 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.

APPROXIMATE FEDERAL FINANCING BANK LOAN RATES WITH CALL OPTIONS

Issue Date: 10/6/2022
Yield Curve Date: 10/5/2022
Maturity Date: 12/31/2052
Volatility: 26.06%
Callable Immediately (Par)  
Eff. FFB Rate with Option: 6.288% Qtr.
Call Option Pricing Spread 2.390
Callable Immediately (5% decreasing)  
Eff. FFB Rate with Option: 5.341% Qtr.
Call Option Pricing Spread 1.443
Callable Immediately (10% decreasing)  
Eff. FFB Rate with Option: 4.864% Qtr.
Call Option Pricing Spread 0.967

5-Year Call Date: 12/31/2027

5-Year No Call (Par)  
Eff. FFB Rate with Option: 5.012% Qtr.
Call Option Pricing Spread 1.114
5-Year No Call (5% decreasing)  
Eff. FFB Rate with Option: 4.746% Qtr.
Call Option Pricing Spread 0.848
5-Year No Call (10% decreasing)  
Eff. FFB Rate with Option: 4.511% Qtr.
Call Option Pricing Spread 0.614
ISSUE DATE: 10/6/2022

10/5/2022 TREASURY YIELD CURVE SEMIANNUAL RATES

3-mo 6-mo 1-yr 2-yr 3-yr 5-yr 7-yr 10-yr 20-yr 30-yr
3.46 4.00 4.14 4.15 4.17 3.96 3.87 3.76 4.05 3.78

APPROXIMATE FFB QUARTERLY RATES*

3-mo 6-mo 1-yr 2-yr 3-yr 5-yr 7-yr 10-yr 20-yr 30-yr
3.46 4.09 4.13 4.14 4.11 3.94 3.85 3.76 3.99 3.90

*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.

This list of interest rates for loans and pricing spreads for call options shall not constitute an offer or commitment to make a loan at these rates or to provide call options at these spreads. The interest rates and pricing spreads listed here are illustrative only of the rates and spreads that would apply to loans made on the date identified here as the "Issue Date" and would not apply to loans made on any other date.

Track our progress in loan making throughout the fiscal year by looking at the latest BoxScore.  This document displays details of the various Electric Program loan offerings.

To obtain the latest Federal Reserve Statistical Release of daily interest rates, you may use this link to go to the Federal Reserve Bank, where that information is available.


Municipal Interest Rates for the 4th Quarter of CY 2022

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 fourth quarter of calendar year 2022.

 Municipal Interest Rates 
for the 4th Quarter of 2022
Interest Rate Term Ends in (year...) RUS rate (0.000 percent)
2023 2.125
2024 2.125
2025 2.250
2026 2.250
2027 2.250
2028 2.375
2029 2.375
2030 2.500
2031 2.625
2032 2.625
2033 2.750
2034 2.875
2035 3.000
2036 3.000
2037 3.125
2038 3.125
2039 3.250
2040 3.250
2041 3.250
2042 3.375
2043 or later 3.375