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Quarter: June 30, 2008

Posted on 07-03-2008

The Treasury Department has published the average of the bond equivalent rates of the ninety-one day Treasury bills auctioned during the quarter ending June 30, 2008, as 1.71 percent. Further, the average of the bond equivalent rates of the quotes of the 3-month commercial paper (financial) rates in effect for each of the days in the quarter ending June 30, 2008, is 2.75 percent.

Attachment A contains the bond equivalent rates of the 91-day Treasury Bills auctioned during the quarter. Attachments B, C & D contain the quarterly special allowance rates computed pursuant to section 438 of the Higher Education Act of 1965, as amended (the Act). Accounting Division Office of the Chief Financial Officer

Attachments/Enclosures:

FFEL Program Special Allowance Rates for the Quarter Ending June 30, 2008 in Microsoft Word Format, 563KB, 17 pages

FFEL Program Special Allowance Rates for the Quarter Ending June 30, 2008 in PDF Format, 655KB, 17 pages