Restricted Investments

9 Months Ended

Sep. 30, 2017

Restricted Investments

Restricted Investments

(H)         Restricted Investments.    Restricted investments consist of funds on deposit with the Rural Utilities Service in the Cushion of Credit Account. We can only utilize these investments for future Rural Utilities Service-guaranteed Federal Financing Bank debt service payments. The funds on deposit earn interest at a rate of 5% per annum. At September 30, 2017 and December 31, 2016, we had restricted investments totaling $511,612,000 and $468,179,000, respectively, of which $265,180,000 and $221,122,000, respectively, were classified as long-term. The funds on deposit with the Rural Utilities Service in the Cushion of Credit Account are held by the U.S. Treasury, acting through the Federal Financing Bank.