Interest Rates and Prices

Quarterly Interest Rate Certification

2016 - Fourth 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 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
Legislation	3 Month Period Ending 09/30/2015	3 Month Period Ending 12/31/2015	3 Month Period Ending 03/31/2016	3 Month Period Ending 06/30/2016
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
Legislation	Effective Oct - Dec 2015	Effective Jan - Mar 2016	Effective Apr - June 2016	Effective July - 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%