Interest Rates and Prices

Monthly Interest Rate Certification

April 2007

In February of 1997, the Fiscal Assistant Secretary of the U.S. Department of the Treasury delegated to the Bureau of the Public Debt (now the Bureau of the Fiscal Service) the responsibility of providing interest rate certification to various agencies. The U.S. Department of Treasury certifies these rates for the month of April 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 - April 2007 Specific Maturities
(Updated April 2, 2007)
Maturity	Used for March 2007	Indicated for April 2007	Changes
1 year	5-1/8%	5%	-1/8%
5 years	4-3/4%	4-1/2%	-1/4%
15 years	5%	4-3/4 %	-1/4%
20 years	5%	4-3/4%	-1/4%

Table 2 - April 2007 Range of Maturities
(Updated April 2, 2007)
From and Including	Up to but NOT Including	Rate
0 years - 3 months	0 years - 9 months	5-1/8%
0 years - 9 months	1 year - 1 month	5%
1 year - 1 month	1 year - 6 months	4-7/8%
1 year - 6 months	1 year - 10 months	4-3/4%
1 year - 10 months	2 years - 9 months	4-5/8%
2 years - 9 months	9 years - 11 months	4-1/2%
9 years - 11 months	12 years - 5 months	4-5/8%
12 years - 5 months	30 years - 1 day	4-3/4%

Table 3 - April 2007 Other Treasury Borrowing Authorities
(Updated April 2, 2007)
Legislation	Rate
Export Import Bank of the United States	5.12%
Federal Railroad Administration - Settlement of RR Litigation	5.06%
Ocean Freight Differential	5.06%
Rural Electrification Administration	5-1/8%
Tennessee Valley Authority	5-1/8%

Table 4 - April 2007 Guam Development Fund Act
(Updated April 2, 2007)
Range of Maturities
From and Including	Up to but NOT Including	Rate
0 years - 3 months	0 years - 11 months	5%
0 years - 11 months	1 year - 4 months	4-7/8%
1 year - 4 months	1 year - 9 months	4-3/4%
1 year - 9 months	2 years - 2 months	4-5/8%
2 years - 2 months	6 years - 4 months	4-1/2%
6 years - 4 months	10 years - 10 months	4-5/8%
10 years - 10 months	12 years - 9 months	4-3/4%
12 years - 9 months	25 years - 1 day	4-7/8%

Table 5 - April 2007 Department of Defense Arms Export Control Act
(Updated April 2, 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 **March 2007** **is 5.04%** and 4% should be added to this rate.

For **direct Foreign Military Sales credits** with 30-year repayment provisions, the interest rate is **4-7/8%**.

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	6 years - 4 months	4-1/2%
6 years - 4 months	10 years - 10 months	4-5/8%
10 years - 10 months	12 years - 1 day	4-3/4%

Table 6 - April 2007 Other Specific Legislation
(Updated April 2, 2007)
Legislation	Rate
Consolidated Farm and Rural Development Act	5-1/2%
Housing Act of 1937, Public and Indian Housing	5%
Housing Act of 1949, Rural Housing Service - 25 year rate	4-3/4%
Housing Act of 1949, Rural Housing Service - 5 year rate	4-1/2%
Housing and Urban Development Acts of 1968 and 1970	4-5/8%
Housing and Urban Development Housing Assistance Program	5%
Indian Financing Act of 1974	4-3/4%
Tennessee Valley Authority Act of 1933	5-1/8%