News Releases and other News Material/Number 01194/0010

←

→

4479813News Releases and other News Material, Number 01194United States Department of Agriculture

Release No. 0010.94
Bruce Merkle (202) 720-8206

CCC INTEREST RATE FOR JANUARY 3 5/8 PERCENT

WASHINGTON, Jan. 4 -- Commodity loans disbursed in January by the U.S. Department of Agriculture's Commodity Credit Corporation will carry a 3 5/8 percent interest rate, according to Grant Buntrock, executive vice president of the CCC.

The 3 5/8 percent is up from December's 3 1/2 percent and reflects the interest rate charged CCC by the U.S. Treasury.

Any outstanding 1981 crop commodity loans approved and disbursed on or after April 1, 1981 and before January 1, 1994 will accrue interest at a rate of 3 5/8 during 1994. This interest rate is subject to adjustment each January 1.

♦ ♦ ♦ ♦ ♦