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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />For loans with maturities of 20 years or less, but more than 10 years, the rate may be reduced <br />by one quarter of one percent below the 30-year rate for that category of lending. For loans with <br />maturities of 10 years or less, the lending rate may be reduced by one half of one percent below <br />the 30-year rate for that category. <br /> <br />At its November 1994 meeting, based on an average 30-year T-Bond yield of 7.00% for the <br />preceding 12 month period, the Board adopted the following interest rate policy for loans <br />recommended to the General Assembly in 1995. <br /> <br />30-Year Lending Rates for 1995 <br /> <br />I Type <br /> <br />Low <br /> <br />Medium <br /> <br />High <br /> <br />Municipal 4.00% I 5.00% I 5,50% <br />Agricultural 4.00% <br />Commercial 5,50% <br /> <br />At its November 1995 meeting, based on an average 30-year T-Bond yield of 7.25% for the <br />preceding 12 month period, the Board adopted the following interest rate policy for loans <br />recommended to the General Assembly in 1996. <br /> <br />30-Year Lending Rates for 1996 <br /> <br />I Type <br /> <br />Low <br /> <br />Standard <br /> <br />High <br /> <br />Municipal 4.25% I 5.25% I 5.75% <br />Agricultural 4.25% <br />Commercial 5.75% <br /> <br />CWCB Annual Report, page 13 <br />