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
