Blueprint
Rule
424 (b) (3)
Registration
No. 333-230569
U.S.
$20,000,000,000.00
National
Rural Utilities ("CFC")
VARIABLE
DENOMINATION FLOATING
RATE
DEMAND NOTES
Pricing
Supplement No. 49 Dated April 20, 2020
TO
PROSPECTUS Dated March
28, 2019
Interest
Rate:
|
0.200%
per
annum
|
Rates will be set daily. Eligible Investor[1] will purchase a
Variable Rate Note, containing a promise
from CFC to
repay the note plus interest upon the receipt of a Redemption
Notice from the Eligible
Investor.
Period
Beginning:
|
April 20,
2020
|
[1] Generally CFC members and other rural utilities
which have been determined to satisfy federal and
state
eligibility criteria.