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INTEREST RATES AND PRICES

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Quarterly Interest Rate Certification

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 - Interest Rates for the Reclamation Reform Act of 1982

(Updated July 15, 2016)

Month Year Dollar Amt. Sold ($000) Avg. Yield to Maturity
April 2016 $167,779,273.70 1.3990365%
May 2016 $186,464,040.60 1.4462231%
June 2016 $156,837,693.20 1.2990491%

Table 2a - Interest Rates for Specific Legislation

(Updated July 11, 2016)

Legislation Rate
3 Month Period Ending 09/30/2015 3 Month Period Ending 12/31/2015 3 Month Period Ending 3/31/2016 3 Month Period Ending 6/30/2016
Higher Education Act of 1965 - Section 438(b)(2) and Section 731(b) 0.06% 0.14% 0.30% 0.27%
Public Law 101-514 - Nuclear Waste Fund 0.06% 0.14% 0.30% 0.27%
Health Professions Education Extension Amendment of 1992 - Section 705(b) 0.06% 0.14% 0.30% 0.27%
National Health Services Corps Scholarship Program (42 USC 254o(b)) 10.00% 9-3/4% 10.00% 9-5/8%
National Research Service Award Program (42 USC 288(c)(4)(B)) 10.00% 9-3/4% 10.00% 9-5/8%

Table 2b - Interest Rates for Specific Legislation

(Updated July 1, 2016)

Legislation Rate
Effective
Oct - Dec 2015
Effective
Jan - Mar 2016
Effective
April - June 2016
Effective
Jul - Sep 2016
Public Law 99-469 - Section 4(a) 1/8% 1/4% 3/8% 1/4%
U.S. Immigration and Customs Enforcement Immigration Bond (8 USC 1363(a)) 0.06% 0.14% 0.30% 0.27%

Table 3 - Interest Rates for National Consumer Cooperative Bank

(Updated June 15, 2016)

Term (Tranche) Maturity or Next Interest Reset Date Applicable Treasury Rate Rate Adjustment Contract Interest Rate
Quarterly 09/15/2016 0.27% 1.00% 1.27%
2-year 12/15/2017 0.97% 1.00% 1.97%
3-year 12/15/2018 1.25% 1.00% 2.25%
7-year 12/15/2017 2.84% 1.00% 3.84%
10-year 12/15/2023 2.88% 1.00% 3.88%