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Treasury Rates for Credit Accounts
(For use in the OMB credit subsidy calculator)
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Similar Maturity Interval
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Fiscal Year
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1 year or less
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More than 1 year and less than 5 years
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5 years or more, and less than 10 years
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10 years or more, and less than 20 years
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20 years or more
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1992
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4.06
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5.52
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6.93
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7.59
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7.59
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1993
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3.25
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4.58
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5.90
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6.65
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6.65
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1994
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4.06
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5.36
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6.21
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6.77
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6.77
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1995
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5.99
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6.78
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7.11
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7.26
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7.39
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1996
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5.45
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5.96
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6.33
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6.64
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6.77
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1997
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5.50
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6.19
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6.51
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6.77
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6.89
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1998
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5.34
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5.57
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5.68
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5.85
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5.98
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1999
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4.76
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5.11
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5.36
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5.67
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5.81
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2000 thru 2009
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4.55
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4.77
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4.91
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5.01
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5.06
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| Notes: |
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1.
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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. |
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2.
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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. |
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3.
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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. |
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4.
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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. |