The funds held rate paid by the bank for the month of September 2018 will be 2.00%
This rate is based on the Bank’s 30-day cost of funds on the last business day of the month. The calculation of the rate was determined as follows:
Interest shall accrue at a variable rate that shall be equal to the Equivalent Bond Yield, all-in, ACT/365 rate for a 30-day maturity of Discount Notes (the “30-day Discount Note Rate”) as quoted in the “Interest Rate Summary” published by the Federal Farm Credit Banks Funding Corporation on the last business day of the prior month and rounded to the nearest 0.05%. The interest rate will change on the first day of every successive calendar month if there is a change in the 30-day Discount Note Rate.