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DECEMBER 2005 NEWS RELEASE


Brian D. Jackson, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of November 2005.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $28.1 billion on November 30, 2005, posting an increase of $230.5 million from the level on October 31, 2005.  This net change was the result of an increase in net holdings of government-guaranteed loans of $230.5 million. The FFB made 55 disbursements and received 6 prepayments during the month of November.  The FFB also reset the interest rate for one loan guaranteed by the Department of Education.

Attached to this release are tables presenting FFB November loan activity and FFB holdings as of November 30, 2005.


NOVEMBER 2005 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 11/01 $51,904.84 8/01/35 4.873% S/A
San Francisco Bldg Lease 11/07 $5,379.76 8/01/35 4.980% S/A
Foley Services Contract 11/08 $18,417.53 7/31/25 4.901% S/A
San Francisco OB 11/17 $10,000.00 2/01/35 4.799% S/A
San Francisco OB 11/18 $40,000.00 2/01/35 4.770% S/A
San Francisco Bldg Lease 11/21 $3,525.30 8/01/35 4.818% S/A
San Francisco Bldg Lease 11/21 $27,181.97 8/01/35 4.818% S/A
San Francisco OB 11/22 $112,026.36 2/01/35 4.786% S/A
DEPARTMENT OF EDUCATION
*Tuskegee Univ. 11/01 $2,000,000.00 5/01/06 4.265% S/A
South Carolina State Univ. 11/17 $825,523.19 3/01/35 5.100% S/A
RURAL UTILITIES SERVICE
Arizona Electric #2128 11/01 $302,000.00 12/31/24 4.645% Qtr.
Darien Telephone Co. #719 11/01 $212,000.00 3/31/06 4.178% Qtr.
Federal Rural Elec. #728 11/01 $1,085,000.00 1/02/35 4.721% Qtr.
Scott County Telephone #2175 11/01 $537,000.00 12/31/20 4.563% Qtr.
Hills Telephone Co. #2243 11/02 $1,272,560.44 12/31/15 4.489% Qtr.
Central Elec. Power #504 11/03 $922,000.00 1/03/33 4.856% Qtr.
Hoosier Energy Elec. #2236 11/04 $2,518,000.00 12/31/20 4.666% Qtr.
Hoosier Energy Elec. #2237 11/04 $43,790,000.00 1/03/40 5.205% Qtr.
Runestone Electric Ass. #886 11/04 $500,000.00 4/01/13 4.568% Qtr.
Socorro Elec. #869 11/04 $4,069,000.00 12/31/36 4.797% Qtr.
Alabama Electric #2156 11/07 $46,639,000.00 12/31/37 4.824% Qtr.
Alabama Electric #2157 11/07 $7,503,000.00 12/31/31 4.823% Qtr.
Blackduck Telephone Co. #2215 11/07 $447,000.00 1/03/22 4.687% Qtr.
South Miss. Elec. #2246 11/08 $31,781,000.00 12/31/35 4.810% Qtr.
Brazos Electric #2182 11/09 $5,000,000.00 12/31/35 4.736% Qtr.
Brazos Electric #2182 11/09 $5,292,000.00 12/31/35 4.736% Qtr.
East Kentucky Power #753 11/09 $2,075,000.00 12/31/30 4.733% Qtr.
East Kentucky Power #828 11/09 $566,000.00 12/31/24 4.664% Qtr.
Gibson Elec. Mem. #2017 11/09 $3,500,000.00 12/31/25 4.749% Qtr.
Gibson Elec. Mem. #2017 11/09 $3,000,000.00 12/31/31 4.737% Qtr.
Central Iowa Power Coop. #2092 11/10 $10,000,000.00 12/31/13 4.529% Qtr.
Central Iowa Power Coop. #2093 11/10 $3,700,000.00 1/03/34 4.771% Qtr.
New Horizon Elec. #791 11/10 $5,814,000.00 3/31/06 4.178% Qtr.
South Miss. Elec. #691 11/10 $4,838,000.00 12/31/30 4.796% Qtr.
Central Electric Memb. #2003 11/14 $1,500,000.00 12/31/31 4.723% Qtr.
Rutherford Electric #2091 11/14 $500,000.00 12/31/37 4.725% Qtr.
Central Iowa Power Coop. #2240 11/15 $34,700,000.00 12/31/35 4.742% Qtr.
High West Energy #2102 11/15 $675,000.00 1/03/39 4.754% Qtr.
Brazos Electric #2086 11/16 $5,040,000.00 12/31/35 4.704% Qtr.
Clay County Rural Tel. #2232 11/16 $861,000.00 1/03/23 4.602% Qtr.
Sioux Val.-Southwestern #2198 11/16 $2,393,000.00 12/31/35 4.710% Qtr.
Buggs Island Telephone #2040 11/17 $308,700.00 12/31/19 4.478% Qtr.
Cent. Elec. Power Assoc #2058 11/17 $10,000,000.00 12/31/31 4.649% Qtr.
Fox Islands Elec. Coop. #2106 11/17 $108,000.00 12/31/37 4.637% Qtr.
Vernon Electric Coop. #2008 11/18 $1,500,000.00 12/31/36 4.611% Qtr.
Blue Ridge Elec. #897 11/21 $2,000,000.00 12/31/36 4.665% Qtr.
Central Iowa Power Coop. #2240 11/21 $5,200,000.00 12/31/35 4.641% Qtr.
Central Elec. Power #504 11/21 $1,918,000.00 1/03/33 4.759% Qtr.
South Miss. Elec. #2246 11/21 $23,747,000.00 12/31/35 4.667% Qtr.
Piedmont Rural Telephone #2002 11/23 $1,475,000.00 3/31/06 4.022% Qtr.
Beartooth Electric Coop. #2063 11/25 $985,000.00 12/31/37 4.675% Qtr.
Cornbelt Power #2054 11/28 $1,609,000.00 1/03/33 4.595% Qtr.
Cornbelt Power #2099 11/28 $1,397,000.00 1/03/33 4.595% Qtr.
RURAL UTILITIES SERVICE - GETP
CFC 11/22 $50,000,000.00 1/16/18 4.497% Qtr.
DEPARTMENT OF VETERANS AFFAIRS
St. Leo Residence 11/25 $102,697.00 7/17/45 4.704% S/A
St. Leo Residence 11/25 $125,683.23 7/17/45 4.704% S/A

S/A is a Semiannual rate
Qtr. is a Quarterly rate
* maturity extension or interest rate reset or principal rollover


FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)

Monthly Fiscal Year
Net Change Net Change
Program November 30, 2005 October 31, 2005 11/01/05-11/30/05 10/01/05-11/30/05
Agency Debt
U.S. Postal Service $0.0 $0.0 $0.0 $0.0
National Credit Union Adm.-CLF        $0.0        $0.0        $0.0        $0.0
Subtotal* $0.0 $0.0 $0.0 $0.0
Agency Assets
Rural Utilities Service-CBO    $4,270.2    $4,270.2        $0.0        $0.0
Subtotal* $4,270.2 $4,270.2 $0.0 $0.0
Government-Guaranteed Lending
DOD-Foreign Military Sales $1,228.8 $1,241.8 -$12.9 -$15.6
DoEd-HBCU+ $126.3 $125.6 $0.7 $0.7
DHUD-Community Dev. Block Grant $0.0 $0.0 $0.0 -$0.2
DHUD-Public Housing Notes $884.0 $971.9 -$88.0 -$88.0
General Services Administration+ $2,146.0 $2,145.8 $0.2 $2.3
DOI-Virgin Islands $5.5 $5.5 $0.0 $0.0
DON-Ship Lease Financing $375.7 $375.7 $0.0 $0.0
Rural Utilities Service $18,515.0 $18,233.7 $281.3 $429.0
Rural Utilities Service-GETP $500.0 $450.0 $50.0 $50.0
SBA-State/Local Development Cos. $36.9 $38.0 -$1.0 -$2.8
DOT-Section 511 $2.7 $2.7 $0.0 $0.0
VA Homeless Veterans Housing        $0.2        $0.0        $0.2        $0.2
Subtotal* $23,821.1 $23,590.6 $230.5 $375.6
========= ========= ========= =========
Grand total* $28,091.3 $27,860.8 $230.5 $375.6
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest