2004 APPLICABLE FEDERAL INTEREST RATES
Short-Term Rates 2004
Month
Annual
Semiann.
Quarterly
Monthly
Jan-2004
1.71%
1.70%
1.70%
1.69%
Feb-2004
1.62%
1.61%
1.61%
1.60%
Mar-2004
1.58%
1.57%
1.57%
1.56%
Apr-2004
1.47%
1.46%
1.46%
1.46%
May-2004
1.50%
1.49%
1.49%
1.49%
Jun-2004
1.98%
1.97%
1.97%
1.96%
Jul-2004
2.26%
2.25%
2.24%
2.24%
Aug-2004
2.37%
2.36%
2.35%
2.35%
Sep-2004
2.34%
2.33%
2.32%
2.32%
Oct-2004
2.26%
2.25%
2.24%
2.24%
Nov-2004
2.37%
2.36%
2.35%
2.35%
Dec-2004
2.48%
2.46%
2.45%
2.45%
Mid-Term Rates 2004
Month
Annual
Semiann.
Quarterly
Monthly
Jan-2004
3.52%
3.49%
3.47%
3.46%
Feb-2004
3.44%
3.41%
3.40%
3.39%
Mar-2004
3.34%
3.31%
3.30%
3.29%
Apr-2004
3.15%
3.13%
3.12%
3.11%
May-2004
3.16%
3.14%
3.13%
3.12%
Jun-2004
3.89%
3.85%
3.83%
3.82%
Jul-2004
4.11%
4.07%
4.05%
4.04%
Aug-2004
4.00%
3.96%
3.94%
3.93%
Sep-2004
3.84%
3.80%
3.78%
3.77%
Oct-2004
3.62%
3.59%
3.57%
3.56%
Nov-2004
3.55%
3.52%
3.50%
3.49%
Dec-2004
3.56%
3.53%
3.51%
3.50%
Long-Term Rates 2004
Month
Annual
Semiann.
Quarterly
Monthly
Jan-2004
5.01%
4.95%
4.92%
4.90%
Feb-2004
4.94%
4.88%
4.85%
4.83%
Mar-2004
4.84%
4.78%
4.75%
4.73%
Apr-2004
4.66%
4.61%
4.58%
4.57%
May-2004
4.65%
4.60%
4.57%
4.56%
Jun-2004
5.20%
5.13%
5.10%
5.08%
Jul-2004
5.34%
5.27%
5.24%
5.21%
Aug-2004
5.21%
5.14%
5.11%
5.09%
Sep-2004
5.03%
4.97%
4.94%
4.92%
Oct-2004
4.84%
4.78%
4.75%
4.73%
Nov-2004
4.70%
4.65%
4.62%
4.61%
Dec-2004
4.68%
4.63%
4.60%
4.59%
Rebel Smith Quillin
Phone: (512) 266-3358
Fax: (512) 266-3359
