Federal Credit Similar Maturity Rates
|Fiscal Year||1 year or less||More than 1 year, less than 5 years||5 years or more, less than 10 years||10 years or more, less than 20 years||20 years or more|
Source: U.S. Department of the Treasury and Office of Management and Budget
- All rates are stated as simple annual rates, which differ from bond equivalent rates and bank discount rates. The 10-20 year and the 20+ year intervals were a single interval in the 1992-1994 Budgets. The separate intervals were effective with the 1995 Budget.
- The rates for 1992-2001 are actual fiscal year averages derived from the prevailing market yields during the fiscal year, excluding the last five business days, on outstanding fixed-rate Treasury securities, categorized on the basis of their remaining maturity. The rates for 2002 and beyond are actual fiscal year averages derived from the prevailing market yields during the fiscal year, excluding the last ten business days, on outstanding fixed-rate Treasury securities, categorized on the basis of their remaining maturity.
- The rates above are used, for the FY 1992 through FY 2000 cohorts only, to calculate credit subsidy cost, to re-estimate credit subsidy cost, and to calculate the interest income and expense of the financing accounts. They can be used in the Office of Management and Budget credit subsidy calculator without modification.