Applicable Federal Rates for October 2011

Rev. Rul. 2011-22, 2011-41 IRB

**Table 1 (Section 1274(d) Rate) Period for Compounding**
	Annual	Semiannual	Quarterly	Month
Short-Term
AFR	.16%	.16%	.16%	.16%
110% AFR	.18%	.18%	.18%	.18%
120% AFR	.19%	.19%	.19%	.19%
130% AFR	.21%	.21%	.21%	.21%
Mid-Term
AFR	1.19%	1.19%	1.19%	1.19%
110% AFR	1.31%	1.31%	1.31%	1.31%
120% AFR	1.44%	1.43%	1.43%	1.43%
130% AFR	1.56%	1.55%	1.55%	1.55%
150% AFR	1.80%	1.79%	1.79%	1.79%
175% AFR	2.09%	2.08%	2.07%	2.07%
Long-Term
AFR	2.95%	2.93%	2.92%	2.91%
110% AFR	3.25%	3.22%	3.21%	3.20%
120% AFR	3.55%	3.52%	3.50%	3.49%
130% AFR	3.85%	3.81%	3.79%	3.78%

**Table 2 (Section 1288(b) Rate) Period for Compounding**
	Annual	Semiannual	Quarterly	Month
Short-term adjusted AFR	.32%	.32%	.32%	.32%
Mid-term adjusted AFR	1.27%	1.27%	1.27%	1.27%
Long-term adjusted AFR	3.51%	3.48%	3.46%	3.46%

**Table 3**
**Rates Under Section 382 for October 2011**
Adjusted federal long-term rate for the current month	3.51%
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)	3.82%

**Table 4**
Appropriate Percentages Under Section 42(b)(2)**
Appropraite percentage for the 70% present value low-income housing credit	7.48%
Appropriate percentage for the 30% present value low-income housing credit	3.20%

Table 5 (Section 7520 Rate)

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

1.4%