Interest Rates and Prices

Quarterly Interest Rate Certification

2009 - Second Quarter

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 following table contains rates certified by Treasury for various statutory purposes.

Table 1 - Reclamation Reform Act of 1982
Table 2a & Table 2b - Interest Rates for specific legislation
Table 3 - National Consumer Cooperative Bank

Table 1 - Interest Rates for the Reclamation Reform Act of 1982
(Updated January 9, 2009)
Month	Year	Dollar Amt. Sold ($000)	Avg. Yield to Maturity
October	2008	$100,570,520	2.6379089%
November	2008	$131,113,277	2.2914831%
December	2008	$116,139,206	1.4098730%

Table 2a - Interest Rates for Specific Legislation
(Updated January 14, 2009)
Legislation	Rate
Legislation	3 Month Period Ending 03/31/2008	3 Month Period Ending 06/30/2008	3 Month Period Ending 09/30/2008	3 Month Period Ending 12/31/2008
Higher Education Act of 1965 - Section 438(b)(2) and Section 731(b)	2.10%	1.71%	1.63%	0.35%
Public Law 101-514 - Nuclear Waste Fund	2.10%	1.71%	1.63%	0.35%
Health Professions Education Extension Amendment of 1992 - Section 705(b)	2.10%	1.71%	1.63%	0.35%
National Health Services Corps Scholarship Program (42 USC 250(B)(1)(A))	11-3/8%	11-1/8%	11-3/8%	11-3/8%
National Research Service Award Program (42 USC 288(c)(4)(B))	11-3/8%	11-1/8%	11-3/8%	11-3/8%

Table 2b - Interest Rates for Specific Legislation
(Updated January 2, 2009)
Legislation	Rate
Legislation	Effective Apr - June 2008	Effective July - Sep 2008	Effective Oct - Dec 2008	Effective Jan - Mar 2009
Public Law 99-469 - Section 4(a)	1-1/2%	1-7/8%	1-3/8%	1/8%

Table 3 - Interest Rates for National Consumer Cooperative Bank
(Updated December 23, 2008)
Term (Tranche)	Maturity or Next Interest Reset Date	Applicable Treasury Rate	Rate Adjustment	Contract Interest Rate
Quarterly	3/15/2009	0.02%	1.00%	1.02%
2-year	12/15/2009	3.31%	1.00%	4.31%
3-year	12/15/2009	4.63%	1.00%	5.63%
7-year	12/15/2010	3.79%	1.00%	4.79%
10-year	12/15/2013	4.28%	1.00%	5.28%