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Applicable Federal Rates for 1996

HTML Version Copyright 1995-2025 Daniel B. Evans. All rights reserved.

— Short Term Rates for 1996 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-96	5.50%	5.43%	5.39%	5.37%
Feb-96	5.32%	5.25%	5.22%	5.19%
Mar-96	5.05%	4.99%	4.96%	4.94%
Apr-96	5.33%	5.26%	5.23%	5.20%
May-96	5.76%	5.68%	5.64%	5.61%
Jun-96	5.88%	5.80%	5.76%	5.73%
Jul-96	6.04%	5.95%	5.91%	5.88%
Aug-96	6.15%	6.06%	6.01%	5.98%
Sep-96	6.02%	5.93%	5.89%	5.86%
Oct-96	6.07%	5.98%	5.94%	5.91%
Nov-96	5.96%	5.87%	5.83%	5.80%
Dec-96	5.75%	5.67%	5.63%	5.60%

— Mid Term Rates for 1996 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-96	5.73%	5.65%	5.61%	5.58%
Feb-96	5.61%	5.53%	5.49%	5.47%
Mar-96	5.45%	5.38%	5.34%	5.32%
Apr-96	5.88%	5.80%	5.76%	5.73%
May-96	6.36%	6.26%	6.21%	6.18%
Jun-96	6.58%	6.48%	6.43%	6.39%
Jul-96	6.74%	6.63%	6.58%	6.54%
Aug-96	6.84%	6.73%	6.67%	6.64%
Sep-96	6.64%	6.53%	6.48%	6.44%
Oct-96	6.72%	6.61%	6.56%	6.52%
Nov-96	6.60%	6.49%	6.44%	6.40%
Dec-96	6.31%	6.21%	6.16%	6.13%

— Long Term Rates for 1996 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-96	6.19%	6.10%	6.05%	6.02%
Feb-96	6.09%	6.00%	5.96%	5.93%
Mar-96	6.07%	5.98%	5.94%	5.91%
Apr-96	6.51%	6.41%	6.36%	6.33%
May-96	6.83%	6.72%	6.66%	6.63%
Jun-96	7.04%	6.92%	9.69%	6.82%
Jul-96	7.12%	7.00%	6.94%	6.90%
Aug-96	7.21%	7.08%	7.02%	6.98%
Sep-96	7.03%	6.91%	6.85%	6.81%
Oct-96	7.13%	7.01%	6.95%	6.91%
Nov-96	7.02%	6.90%	6.84%	6.80%
Dec-96	6.77%	6.66%	6.61%	6.57%

Applicable Federal Rates for 1995

HTML Version Copyright 1995-2025 Daniel B. Evans. All rights reserved.

— Short Term Rates for 1995 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-95	7.19%	7.07%	7.01%	6.97%
Feb-95	7.43%	7.30%	7.23%	7.19%
Mar-95	7.19%	7.07%	7.01%	6.97%
Apr-95	6.80%	6.69%	6.63%	6.60%
May-95	6.62%	6.51%	6.46%	6.42%
Jun-95	6.37%	6.27%	6.22%	6.19%
Jul-95	5.97%	5.88%	5.84%	5.81%
Aug-95	5.73%	5.65%	5.61%	5.58%
Sep-95	5.91%	5.83%	5.79%	5.76%
Oct-95	5.90%	5.82%	5.78%	5.75%
Nov-95	5.79%	5.71%	5.67%	5.64%
Dec-95	5.65%	5.57%	5.53%	5.51%

— Mid Term Rates for 1995 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-95	7.92%	7.77%	7.70%	7.65%
Feb-95	7.96%	7.81%	7.74%	7.69%
Mar-95	7.75%	7.61%	7.54%	7.49%
Apr-95	7.34%	7.21%	7.15%	7.10%
May-95	7.12%	7.00%	6.94%	6.90%
Jun-95	6.83%	6.72%	6.66%	6.63%
Jul-95	6.28%	6.18%	6.13%	6.10%
Aug-95	6.04%	5.95%	5.91%	5.88%
Sep-95	6.38%	6.28%	6.23%	6.20%
Oct-95	6.31%	6.21%	6.16%	6.13%
Nov-95	6.11%	6.02%	5.98%	5.95%
Dec-95	5.91%	5.83%	5.79%	5.76%

— Long Term Rates for 1995 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-95	8.17%	8.01%	7.93%	7.88%
Feb-95	8.07%	7.91%	7.83%	7.78%
Mar-95	7.93%	7.78%	7.71%	7.66%
Apr-95	7.67%	7.53%	7.46%	7.41%
May-95	7.52%	7.38%	7.31%	7.27%
Jun-95	7.31%	7.18%	7.12%	7.07%
Jul-95	6.76%	6.65%	6.60%	6.56%
Aug-95	6.56%	6.46%	6.41%	6.37%
Sep-95	6.91%	6.79%	6.73%	6.70%
Oct-95	6.77%	6.66%	6.61%	6.57%
Nov-95	6.55%	6.45%	6.40%	6.36%
Dec-95	6.36%	6.26%	6.21%	6.18%

Applicable Federal Rates for 1994

HTML Version Copyright 1995-2025 Daniel B. Evans. All rights reserved.

— Short Term Rates for 1994 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-94	3.98%	3.94%	3.92%	3.91%
Feb-94	3.96%	3.92%	3.90%	3.89%
Mar-94	4.01%	3.97%	3.95%	3.94%
Apr-94	4.51%	4.46%	4.44%	4.42%
May-94	4.94%	4.88%	4.85%	4.83%
Jun-94	5.56%	5.48%	5.44%	5.42%
Jul-94	5.63%	5.55%	5.51%	5.49%
Aug-94	5.80%	5.72%	5.68%	5.65%
Sep-94	5.86%	5.78%	5.74%	5.71%
Oct-94	6.00%	5.91%	5.87%	5.84%
Nov-94	6.34%	6.24%	6.19%	6.16%
Dec-94	6.66%	6.55%	6.50%	6.46%

— Mid Term Rates for 1994 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-94	5.32%	5.25%	5.22%	5.19%
Feb-94	5.34%	5.27%	5.24%	5.21%
Mar-94	5.36%	5.29%	5.26%	5.23%
Apr-94	5.88%	5.80%	5.76%	5.73%
May-94	6.43%	6.33%	6.28%	6.25%
Jun-94	6.92%	6.80%	6.74%	6.71%
Jul-94	6.83%	6.72%	6.66%	6.63%
Aug-94	7.05%	6.93%	6.87%	6.83%
Sep-94	7.05%	6.93%	6.87%	6.83%
Oct-94	7.10%	6.98%	6.92%	6.88%
Nov-94	7.45%	7.32%	7.25%	7.21%
Dec-94	7.74%	7.60%	7.53%	7.48%

— Long Term Rates for 1994 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-94	6.30%	6.20%	6.15%	6.12%
Feb-94	6.33%	6.23%	6.18%	6.15%
Mar-94	6.35%	6.25%	6.20%	6.17%
Apr-94	6.75%	6.64%	6.59%	6.55%
May-94	7.16%	7.04%	6.98%	6.94%
Jun-94	7.52%	7.38%	7.31%	7.27%
Jul-94	7.46%	7.33%	7.26%	7.22%
Aug-94	7.67%	7.53%	7.46%	7.41%
Sep-94	7.63%	7.49%	7.42%	7.38%
Oct-94	7.69%	7.55%	7.48%	7.43%
Nov-94	8.01%	7.86%	7.78%	7.73%
Dec-94	8.23%	8.07%	7.99%	7.94%

Applicable Federal Rates for 1993

HTML Version Copyright 1995-2025 Daniel B. Evans. All rights reserved.

— Short Term Rates for 1993 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-93	4.37%	4.32%	4.30%	4.28%
Feb-93	4.23%	4.19%	4.17%	4.15%
Mar-93	3.96%	3.92%	3.90%	3.98%
Apr-93	3.75%	3.72%	3.70%	3.69%
May-93	3.72%	3.69%	3.67%	3.66%
Jun-93	3.62%	3.59%	3.57%	3.56%
Jul-93	3.95%	3.91%	3.89%	3.88%
Aug-93	3.85%	3.81%	3.79%	3.78%
Sep-93	3.91%	3.87%	3.85%	3.84%
Oct-93	3.69%	3.66%	3.64%	3.63%
Nov-93	3.68%	3.65%	3.63%	3.62%
Dec-93	3.83%	3.79%	3.77%	3.76%

— Mid Term Rates for 1993 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-93	6.34%	6.24%	6.19%	6.16%
Feb-93	6.22%	6.13%	6.08%	6.05%
Mar-93	5.88%	5.80%	5.76%	5.73%
Apr-93	5.45%	5.38%	5.34%	5.32%
May-93	5.46%	5.39%	5.35%	5.33%
Jun-93	5.33%	5.26%	5.23%	5.20%
Jul-93	5.54%	5.47%	5.43%	5.41%
Aug-93	5.32%	5.25%	5.22%	5.19%
Sep-93	5.35%	5.28%	5.25%	5.22%
Oct-93	5.00%	4.94%	4.91%	4.89%
Nov-93	4.92%	4.86%	4.83%	4.81%
Dec-93	5.07%	5.01%	4.98%	4.96%

— Long Term Rates for 1993 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-93	7.30%	7.17%	7.11%	7.07%
Feb-93	7.16%	7.04%	6.98%	6.94%
Mar-93	6.95%	6.83%	6.77%	6.73%
Apr-93	6.52%	6.42%	6.37%	6.34%
May-93	6.53%	6.43%	6.38%	6.35%
Jun-93	6.47%	6.37%	6.32%	6.29%
Jul-93	6.61%	6.50%	6.45%	6.41%
Aug-93	6.36%	6.26%	6.21%	6.18%
Sep-93	6.28%	6.18%	6.13%	6.10%
Oct-93	5.84%	5.76%	5.72%	5.69%
Nov-93	5.84%	5.76%	5.72%	5.69%
Dec-93	6.06%	5.97%	5.93%	5.90%

Applicable Federal Rates for 1992

HTML Version Copyright 1995-2025 Daniel B. Evans. All rights reserved.

— Short Term Rates for 1992 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-92	5.12%	5.06%	5.03%	5.01%
Feb-92	4.64%	4.59%	4.56%	4.55%
Mar-92	4.79%	4.73%	4.70%	4.68%
Apr-92	5.13%	5.07%	5.04%	5.02%
May-92	5.19%	5.12%	5.09%	5.07%
Jun-92	4.95%	4.89%	4.86%	4.84%
Jul-92	4.84%	4.78%	4.75%	4.73%
Aug-92	4.48%	4.43%	4.41%	4.39%
Sep-92	4.02%	3.98%	3.96%	3.95%
Oct-92	3.85%	3.81%	3.79%	3.78%
Nov-92	3.61%	3.58%	3.56%	3.55%
Dec-92	4.07%	4.03%	4.01%	4.00%

— Mid Term Rates for 1992 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-92	6.73%	6.62%	6.57%	6.53%
Feb-92	6.35%	6.25%	6.20%	6.17%
Mar-92	6.69%	6.58%	6.53%	6.49%
Apr-92	7.00%	6.88%	6.82%	6.78%
May-92	7.10%	6.98%	6.92%	6.88%
Jun-92	7.04%	6.92%	6.86%	6.82%
Jul-92	6.85%	6.74%	6.68%	6.65%
Aug-92	6.49%	6.39%	6.34%	6.31%
Sep-92	5.98%	5.89%	5.95%	5.82%
Oct-92	5.78%	5.70%	5.66%	5.63%
Nov-92	5.68%	5.60%	5.56%	5.54%
Dec-92	6.15%	6.06%	6.01%	5.98%

— Long Term Rates for 1992 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-92	7.72%	7.58%	7.51%	7.46%
Feb-92	7.33%	7.20%	7.14%	7.09%
Mar-92	7.61%	7.47%	7.40%	7.36%
Apr-92	7.83%	7.68%	7.61%	7.56%
May-92	7.87%	7.72%	7.65%	7.60%
Jun-92	7.89%	7.74%	7.67%	7.62%
Jul-92	7.73%	7.59%	7.52%	7.47%
Aug-92	7.55%	7.41%	7.34%	7.30%
Sep-92	7.21%	7.08%	7.02%	6.98%
Oct-92	7.03%	6.91%	6.85%	6.81%
Nov-92	7.00%	6.88%	6.82%	6.78%
Dec-92	7.34%	7.21%	7.15%	7.10%

Applicable Federal Rates for 1991

HTML Version Copyright 1995-2025 Daniel B. Evans. All rights reserved.

— Short Term Rates for 1991 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-91	7.53%	7.39%	7.32%	7.28%
Feb-91	7.18%	7.06%	7.00%	6.96%
Mar-91	6.85%	6.74%	6.68%	6.65%
Apr-91	6.85%	6.74%	6.68%	6.65%
May-91	6.82%	6.71%	6.65%	6.62%
Jun-91	6.68%	6.57%	6.52%	6.48%
Jul-91	6.69%	6.58%	6.53%	6.49%
Aug-91	6.81%	6.70%	6.64%	6.61%
Sep-91	6.60%	6.49%	6.44%	6.40%
Oct-91	6.14%	6.05%	6.00%	5.98%
Nov-91	5.89%	5.81%	5.77%	5.74%
Dec-91	5.63%	5.55%	5.51%	5.49%

— Mid Term Rates for 1991 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-91	8.12%	7.96%	7.88%	7.83%
Feb-91	8.00%	7.85%	7.77%	7.72%
Mar-91	7.82%	7.67%	7.60%	7.55%
Apr-91	7.88%	7.73%	7.66%	7.61%
May-91	7.98%	7.83%	7.75%	7.71%
Jun-91	7.91%	7.76%	7.69%	7.64%
Jul-91	8.02%	7.87%	7.79%	7.74%
Aug-91	8.19%	8.03%	7.95%	7.90%
Sep-91	7.96%	7.81%	7.74%	7.69%
Oct-91	7.54%	7.40%	7.33%	7.29%
Nov-91	7.22%	7.09%	7.03%	6.99%
Dec-91	7.07%	6.95%	6.89%	6.85%

— Long Term Rates for 1991 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-91	8.44%	8.27%	8.19%	8.13%
Feb-91	8.36%	8.19%	8.11%	8.05%
Mar-91	8.21%	8.05%	7.97%	7.92%
Apr-91	8.24%	8.08%	8.00%	7.95%
May-91	8.35%	8.18%	8.10%	8.04%
Jun-91	8.30%	8.13%	8.05%	8.00%
Jul-91	8.43%	8.26%	8.18%	8.12%
Aug-91	8.58%	8.40%	8.31%	8.26%
Sep-91	8.41%	8.24%	8.16%	8.10%
Oct-91	8.09%	7.93%	7.85%	7.80%
Nov-91	7.84%	7.69%	7.62%	7.57%
Dec-91	7.88%	7.73%	7.66%	7.61%

Applicable Federal Rates for 1990

HTML Version Copyright 1995-2025 Daniel B. Evans. All rights reserved.

— Short Term Rates for 1990–

Month	Annual	Semiann.	Quarterly	Monthly
Jan-90	7.90%	7.75%	7.68%	7.63%
Feb-90	7.98%	7.83%	7.75%	7.71%
Mar-90	8.35%	8.18%	8.10%	8.04%
Apr-90	8.56%	8.38%	8.29%	8.24%
May-90	8.65%	8.47%	8.38%	8.32%
Jun-90	8.82%	8.63%	8.54%	8.48%
Jul-90	8.47%	8.30%	8.22%	8.16%
Aug-90	8.40%	8.23%	8.15%	8.09%
Sep-90	8.08%	7.92%	7.84%	7.79%
Oct-90	8.16%	8.00%	7.92%	7.87%
Nov-90	8.04%	7.88%	7.80%	7.75%
Dec-90	7.80%	7.65%	7.58%	7.53%

— Mid Term Rates for 1990 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-90	7.94%	7.79%	7.72%	7.67%
Feb-90	8.06%	7.90%	7.82%	7.77%
Mar-90	8.52%	8.35%	8.26%	8.21%
Apr-90	8.75%	8.57%	8.48%	8.42%
May-90	8.81%	8.62%	8.53%	8.47%
Jun-90	9.10%	8.90%	8.80%	8.74%
Jul-90	8.74%	8.56%	8.47%	8.41%
Aug-90	8.66%	8.48%	8.39%	8.33%
Sep-90	8.53%	8.36%	8.27%	8.22%
Oct-90	8.82%	8.63%	8.54%	8.48%
Nov-90	8.78%	8.60%	8.51%	8.45%
Dec-90	8.50%	8.33%	8.25%	8.19%

— Long Term Rates for 1990 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-90	8.02%	7.87%	7.79%	7.74%
Feb-90	8.12%	7.96%	7.88%	7.83%
Mar-90	8.59%	8.41%	8.32%	8.27%
Apr-90	8.75%	8.57%	8.48%	8.42%
May-90	8.74%	8.56%	8.47%	8.41%
Jun-90	9.09%	8.89%	8.79%	8.73%
Jul-90	8.73%	8.55%	8.46%	8.40%
Aug-90	8.67%	8.49%	8.40%	8.34%
Sep-90	8.74%	8.56%	8.47%	8.41%
Oct-90	9.12%	8.92%	8.82%	8.76%
Nov-90	9.13%	8.93%	8.83%	8.77%
Dec-90	8.87%	8.68%	8.59%	8.53%

Applicable Federal Rates for 1989

HTML Version Copyright 1995-2025 Daniel B. Evans. All rights reserved.

— Short Term Rates for 1989 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-89	9.01%	8.82%	8.72%	8.66%
Feb-89	9.30%	9.09%	8.99%	8.92%
Mar-89	9.30%	9.09%	8.99%	8.92%
Apr-89	9.62%	9.40%	9.29%	9.22%
May-89	9.82%	9.59%	9.48%	9.40%
Jun-89	9.39%	9.18%	9.08%	9.01%
Jul-89	8.86%	8.67%	8.58%	8.52%
Aug-89	8.34%	8.17%	8.09%	8.03%
Sep-89	8.07%	7.91%	7.83%	7.78%
Oct-89	8.45%	8.28%	8.20%	8.14%
Nov-89	8.39%	8.22%	8.14%	8.08%
Dec-89	8.02%	7.87%	7.79%	7.74%

— Mid Term Rates for 1989 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-89	9.22%	9.02%	8.92%	8.86%
Feb-89	9.42%	9.21%	9.11%	9.04%
Mar-89	9.31%	9.10%	9.00%	8.93%
Apr-89	9.60%	9.38%	9.27%	9.20%
May-89	9.69%	9.47%	9.36%	9.29%
Jun-89	9.34%	9.13%	9.03%	9.96%
Jul-89	8.75%	8.57%	8.48%	8.42%
Aug-89	8.31%	8.14%	8.06%	8.01%
Sep-89	8.04%	7.88%	7.80%	7.75%
Oct-89	8.39%	8.22%	8.14%	8.08%
Nov-89	8.36%	8.19%	8.11%	8.05%
Dec-89	8.06%	7.90%	7.82%	7.77%

— Long Term Rates for 1989 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-89	9.28%	9.07%	8.97%	8.90%
Feb-89	9.29%	9.08%	8.98%	8.91%
Mar-89	9.14%	8.94%	8.84%	8.78%
Apr-89	9.40%	9.19%	9.09%	9.02%
May-89	9.43%	9.22%	9.12%	9.05%
Jun-89	9.23%	9.03%	8.93%	8.86%
Jul-89	8.70%	8.52%	8.43%	8.37%
Aug-89	8.32%	8.15%	8.07%	8.01%
Sep-89	8.20%	8.04%	7.96%	7.91%
Oct-89	8.34%	8.17%	8.09%	8.03%
Nov-89	8.32%	8.15%	8.07%	8.01%
Dec-89	8.09%	7.93%	7.85%	7.80%

Applicable Federal Rates for 1988

HTML Version Copyright 1995-2025 Daniel B. Evans. All rights reserved.

— Short Term Rates for 1988 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-88	7.56%	7.42%	7.35%	7.31%
Feb-88	7.61%	7.47%	7.40%	7.36%
Mar-88	7.14%	7.02%	6.96%	6.92%
Apr-88	7.01%	6.89%	6.83%	6.79%
May-88	7.22%	7.09%	7.03%	6.99%
Jun-88	7.57%	7.43%	7.36%	7.32%
Jul-88	7.89%	7.74%	7.67%	7.62%
Aug-88	7.96%	7.81%	7.74%	7.69%
Sep-88	8.32%	8.15%	8.07%	8.01%
Oct-88	8.56%	8.38%	8.29%	8.24%
Nov-88	8.41%	8.24%	8.16%	8.10%
Dec-88	8.44%	8.27%	8.19%	8.13%

— Mid Term Rates for 1988 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-88	8.81%	8.62%	8.53%	8.47%
Feb-88	8.73%	8.55%	8.46%	8.40%
Mar-88	8.15%	7.99%	7.91%	7.86%
Apr-88	8.02%	7.87%	7.79%	7.74%
May-88	8.34%	8.17%	8.09%	8.03%
Jun-88	8.69%	8.51%	8.42%	8.36%
Jul-88	8.93%	8.74%	8.65%	8.58%
Aug-88	8.85%	8.66%	8.57%	8.51%
Sep-88	9.08%	8.88%	8.78%	8.72%
Oct-88	9.19%	8.99%	8.89%	8.83%
Nov-88	8.91%	8.72%	8.63%	8.57%
Dec-88	8.81%	8.62%	8.53%	8.47%

— Long Term Rates for 1988 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-88	9.27%	9.06%	8.96%	8.89%
Feb-88	9.17%	8.97%	8.87%	8.81%
Mar-88	8.63%	8.45%	8.36%	8.30%
Apr-88	8.57%	8.39%	8.30%	8.25%
May-88	8.86%	8.67%	8.58%	8.52%
Jun-88	9.22%	9.02%	8.92%	8.86%
Jul-88	9.34%	9.13%	9.03%	8.96%
Aug-88	9.17%	8.97%	8.87%	8.81%
Sep-88	9.39%	9.18%	9.08%	9.01%
Oct-88	9.45%	9.24%	9.14%	9.07%
Nov-88	9.16%	8.96%	8.86%	8.80%
Dec-88	9.05%	8.85%	8.75%	8.69%

Applicable Federal Rates for 1987

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— Short Term Rates for 1987 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-87	6.13%	6.04%	6.00%	5.97%
Feb-87	6.20%	6.11%	6.06%	6.03%
Mar-87	6.22%	6.13%	6.08%	6.05%
Apr-87	6.29%	6.19%	6.14%	6.11%
May-87	6.51%	6.41%	6.36%	6.33%
Jun-87	7.21%	7.08%	7.02%	6.98%
Jul-87	7.50%	7.36%	7.29%	7.25%
Aug-87	7.16%	7.04%	6.98%	6.94%
Sep-87	7.32%	7.19%	7.13%	7.08%
Oct-87	7.79%	7.64%	7.57%	7.52%
Nov-87	8.38%	8.21%	8.13%	8.07%
Dec-87	7.62%	7.48%	7.41%	7.37%

— Mid Term Rates for 1987 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-87	6.93%	6.81%	6.75%	6.72%
Feb-87	6.94%	6.82%	6.76%	6.73%
Mar-87	6.97%	6.85%	6.79%	6.75%
Apr-87	7.02%	6.90%	6.84%	6.80%
May-87	7.32%	7.19%	7.13%	7.08%
Jun-87	8.25%	8.09%	8.01%	7.96%
Jul-87	8.56%	8.38%	8.29%	8.24%
Aug-87	8.19%	8.03%	7.95%	7.90%
Sep-87	8.46%	8.29%	8.21%	8.15%
Oct-87	8.91%	8.72%	8.63%	8.57%
Nov-87	9.54%	9.32%	9.21%	9.14%
Dec-87	8.95%	8.76%	8.67%	8.60%

— Long Term Rates for 1987 —

Month	Annual	Semiann.	Quarterly	Monthly
Jan-87	7.41%	7.28%	7.21%	7.17%
Feb-87	7.39%	7.26%	7.20%	7.15%
Mar-87	7.49%	7.35%	7.28%	7.24%
Apr-87	7.53%	7.39%	7.32%	7.28%
May-87	7.83%	7.68%	7.61%	7.56%
Jun-87	8.67%	8.49%	8.40%	8.34%
Jul-87	8.91%	8.72%	8.63%	8.57%
Aug-87	8.58%	8.40%	8.31%	8.26%
Sep-87	8.93%	8.74%	8.65%	8.58%
Oct-87	9.36%	9.15%	9.05%	8.98%
Nov-87	9.92%	9.69%	9.58%	9.50%
Dec-87	9.38%	9.17%	9.07%	9.00%

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