Federal Credit Support Page

Similar Maturity Rates

Last updated: September 22, 2000

Treasury Rates for Credit Accounts *(For use in the OMB credit subsidy calculator)*
	Similar Maturity Interval
Fiscal Year	1 year or less	More than 1 year and less than 5 years	5 years or more, and less than 10 years	10 years or more, and less than 20 years	20 years or more
1992	4.06	5.52	6.93	7.59	7.59
1993	3.25	4.58	5.90	6.65	6.65
1994	4.06	5.36	6.21	6.77	6.77
1995	5.99	6.78	7.11	7.26	7.39
1996	5.45	5.96	6.33	6.64	6.77
1997	5.50	6.19	6.51	6.77	6.89
1998	5.34	5.57	5.68	5.85	5.98
1999	4.76	5.11	5.36	5.67	5.81
2000 thru 2009	4.55	4.77	4.91	5.01	5.06

Notes:
1.	All rates are stated as simple annual rates, which differ from bond equivalent rates and bank discount rates. The 10-20 year and the 20+ year intervals were a single interval in the 1992-1994 Budgets. The separate intervals were effective with the 1995 Budget.
2.	The rates for 1992-1999 are actual fiscal year averages; the rates for later years are estimates. Actual fiscal year averages are derived from the prevailing market yields during the fiscal year, excluding the last five business days, on outstanding fixed-rate Treasury securities, categorized on the basis of their remaining maturity.
3.	Estimated rates for FY 2000 are based on estimated market yields for October 1st of the budget year (i.e., October 1, 1999 for the 2000 Budget) and are held constant for all subsequent years. For the formulation and execution of the 2000 Budget, the rates shown should be used for 2000 and for all subsequent years, until replaced by actual rates.
4.	The rates above are used to calculate credit subsidy cost, to reestimate credit subsidy cost, and to calculate the interest income and expense of the financing accounts. They can be used in the OMB subsidy model without modification.