Quarter: June 2005
Posted on 07-06-2005
SUBJECT: Federal Family Education Loan Program Special Allowance Rates for the Quarter Ending June 30, 2005
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, 2005, as 2.94 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, 2005, is 3.23
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: