Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .20%

 .20%

 .20%

 .20%

110% AFR

 .22%

 .22%

 .22%

 .22%

120% AFR

 .24%

 .24%

 .24%

 .24%

130% AFR

 .26%

 .26%

 .26%

 .26%

AFR

1.27%

1.27%

1.27%

1.27%

110% AFR

1.40%

1.40%

1.40%

1.40%

120% AFR

1.53%

1.52%

1.52%

1.52%

130% AFR

1.66%

1.65%

1.65%

1.64%

150% AFR

1.92%

1.91%

1.91%

1.90%

175% AFR

2.23%

2.22%

2.21%

2.21%

AFR

2.80%

2.78%

2.77%

2.76%

110% AFR

3.08%

3.06%

3.05%

3.04%

120% AFR

3.37%

3.34%

3.33%

3.32%

130% AFR

3.64%

3.61%

3.59%

3.58%

Adjusted AFR for December 2011

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .45%

 .45%

 .45%

 .45%

Mid-term adjusted AFR

1.69%

1.68%

1.68%

1.67%

Long-term adjusted AFR

3.55%

3.52%

3.50%

3.49%

Rates Under Section 382 for December 2011

Adjusted federal long-term rate for the current month

3.55%

Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal long-term rates for the current month and the prior two months).

3.55%

Appropriate Percentages Under Section 42(b)(1)* for December 2011

Appropriate Percentage for the 70% present value low-income housing credit

7.47%

Appropriate Percentage for the 30% present value low-income housing credit

3.20%

Rate Under Section 7520 for December 2011

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest

1.6%

Rates Under Sections 846 and 807

Applicable rate of interest for 2012 for purposes of sections 846 and 807

2.89%

* Note: Under Code Sec. 42(b)(2), the applicable percentage for non-federally subsidized new buildings place in service after July 30, 2008, and before Dec. 31, 2013, is not to be less than 9%.