424B3 1 ps54.htm INTERNOTE SUPPLEMENT NO. 54 national_rural_utilities_cooperative_finance_corp_supplement_no_54  
Filed Under Rule 424(b)(3), Registration Statement No. 333-109310
Pricing Supplement Number 54 Dated 01/03/2006
(To: Prospectus Dated October 17, 2003 and Prospectus Supplement Dated: November 09, 2004)
 
CUSIP 
Number
Principal Amount Selling Price  Gross Concession Net 
Proceeds
Coupon
Type
Coupon
Rate
Coupon
Frequency
Maturity Date 1st Coupon Date 1st Coupon
Amount
Survivor's
Option
Product
Ranking
Moody's
Rating
S & P
Rating
Fitch
Rating
63743FDS2 $1,137,000.00 100.000% 0.400% $1,132,452.00 FIXED 4.650% SEMI-ANNUAL 01/15/2008 07/15/2006 $24.41 YES Senior Unsecured Notes A2 A A
Redemption Information: Non-Callable.
 


National Rural Utilities Cooperative Finance Corp

Trade Date: Tuesday, January 03, 2006 @12:00 PM ET
Settle Date: Friday, January 06, 2006 
Minimum Denomination/Increments: $1,000.00/$1,000.00
Initial trades settle flat and clear SDFS: DTC Book Entry only
DTC number: 0235 via RBC Dain Rauscher Inc.

Agents: Banc of America Securities LLC, INCAPITAL, LLC , A.G. Edwards, Charles Schwab & Co., Inc., Comerica Securities, Edward D. Jones & Co., L.P., J.J.B. Hilliard, W.L. Lyons, Inc., Merrill Lynch & Co., Morgan Stanley, UBS Financial Services Inc.

If the maturity date or an interest payment date for any note is not a Business Day (as term is defined in Prospectus), principal, premium, if any, and interest for that note is paid on the next Business Day, and no interest will accrue from, and after, the maturity date or interest payment date.

InterNotes® is a registered trademark of Incapital Holdings LLC.  All rights reserved

National Rural Utilities
Cooperative Finance Corporation

$500,000,000.00 CFC InterNotes
Prospectus Dated 17-Oct-03 and Prospectus Supplement Dated: 09-Nov-04