Monthly Interest Rate Certification
October 2022
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 October 2022.
The following tables contain rates certified for Treasury loans to government agencies.
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 - October 2022 Specific Maturities
(Updated October 3, 2022)
| Maturity |
Used for
September 2022
|
Indicated for October 2022 |
Changes |
| 1 Year |
3-1/8% |
3-5/8% |
+1/2% |
| 5 Years |
2-7/8% |
3-3/8% |
+1/2% |
| 15 Years |
3-1/8% |
3-1/2% |
+3/8% |
| 20 Years |
3-1/4% |
3-5/8% |
+3/8% |
Table 2 - October 2022 Range of Maturities
(Updated October 3, 2022)
| From and Including |
Up to but NOT Including |
Rate |
| 0 years - 3 months |
0 years - 4 months |
3% |
| 0 years - 4 months |
0 years - 5 months |
3-1/4% |
| 0 years - 5 months |
0 years - 6 months |
3-3/8% |
| 0 years - 6 months |
0 years - 8 months |
3-1/2% |
| 0 years - 8 months |
1 year - 9 months |
3-5/8% |
| 1 year - 9 months |
2 years - 4 months |
3-1/2% |
| 2 years - 4 months |
3 years - 2 months |
3-5/8% |
| 3 years - 2 months |
4 years - 5 months |
3-1/2% |
| 4 years - 5 months |
8 years - 4 months |
3-3/8% |
| 8 years - 4 months |
11 years - 8 months |
3-1/4% |
| 11 years - 8 months |
13 years - 8 months |
3-3/8% |
| 13 years - 8 months |
16 years - 0 months |
3-1/2% |
| 16 years - 0 months |
23 years - 10 months |
3-5/8% |
| 23 years - 10 months |
28 years - 3 months |
3-1/2% |
| 28 years - 3 months |
30 years - 1 day |
3-3/8% |
Table 3 - October 2022 Other Treasury Borrowing Authorities
(Updated October 4, 2022)
| Legislation |
Rate |
| Federal Railroad Administration - Settlement of RR Litigation |
3.66% |
| Ocean Freight Differential |
3.66% |
| Tennessee Valley Authority |
2-1/2% |
Table 4 -
October 2022
Guam Development Fund Act
(Updated October 3, 2022)
| Range of Maturities |
| From and Including |
Up to but NOT Including |
Rate |
| 0 years - 3 months |
0 years - 4 months |
3-3/8% |
| 0 years - 4 months |
0 years - 5 months |
3-5/8% |
| 0 years - 5 months |
0 years - 7 months |
3-7/8% |
| 0 years - 7 months |
1 year - 1 month |
4% |
| 1 year - 1 month |
1 year - 8 months |
4-1/8% |
| 1 year - 8 months |
3 years - 7 months |
4-1/4% |
| 3 years - 7 months |
5 years - 0 months |
4-1/8% |
| 5 years - 0 months |
7 years - 7 months |
4% |
| 7 years - 7 months |
13 years - 8 months |
3-7/8% |
| 13 years - 8 months |
16 years - 10 months |
4% |
| 16 years - 10 months |
20 years - 11 months |
4-1/8% |
| 20 years - 11 months |
25 years - 1 day |
4% |
Table 5 -
October 2022
Department of Defense Arms Export Control Act
(Updated October 3, 2022)
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
September 2022
is 3.29% and 4% should be added to this rate.
For direct Foreign Military Sales credits with 30-year repayment provisions, the interest rate is 3-7/8%.
The following rates determined under provisions of 22 U.S.C. § 2771(c) apply for the placement of Foreign Military Sales direct credits. See also 22.U.S.C § 2763(c)(1).
| From and Including |
Up to but NOT Including |
Rate |
| 5 years - 0 months |
6 years - 4 months |
4-1/8% |
| 6 years - 4 months |
8 years - 9 months |
4% |
| 8 years - 9 months |
12 years - 1 day |
3-7/8% |
Table 6 - October 2022 Other Specific Legislation
(Updated October 4, 2022)
| Legislation |
Rate |
| Consolidated Farm and Rural Development Act |
4-5/8% |
| Housing Act of 1937, Public and Indian Housing |
3-5/8% |
| Housing Act of 1949, Rural Housing Service - 25 year rate |
3-1/2% |
| Housing Act of 1949, Rural Housing Service - 5 year rate |
3-3/8% |
| Housing and Urban Development Acts of 1968 and 1970 |
3-1/4% |
| Housing and Urban Development Housing Assistance Program |
3-5/8% |
| Indian Financing Act of 1974 |
3-5/8% |
| Tennessee Valley Authority Act of 1933 |
2-1/2% |
