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AUGUST 2006 NEWS RELEASE


Brian D. Jackson, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of July 2006.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $29.6 billion on July 31, 2006, posting a decrease of $7.6 million from the level on June 30, 2006.  This net change was the result of a decrease in net holdings of government-guaranteed loans of $7.6 million. The FFB made 30 disbursements and received 12 prepayments during the month of July.

Attached to this release are tables presenting FFB July loan activity and FFB holdings as of July 31, 2006.

 

FEDERAL FINANCING BANK
JULY 2006 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
Foley Services Contract 7/06 $9,785.51 7/31/25 5.459% S/A
San Francisco OB 7/06 $170,655.40 2/01/35 5.460% S/A
Foley Services Contract 7/10 $835.19 7/31/25 5.361% S/A
San Francisco OB 7/13 $194,797.19 2/01/35 5.327% S/A
DEPARTMENT OF EDUCATION
*Clark Atlanta University 7/03 $13,121,385.32 1/02/07 5.240% S/A
Harris Stowe State Univ. 7/12 $135,456.83 4/01/32 5.196% S/A
South Carolina State Univ. 7/19 $3,953,060.50 3/01/35 5.551% S/A
Harris Stowe State Univ. 7/28 $1,428,733.83 10/01/33 5.150% S/A
RURAL UTILITIES SERVICE
Central Electric Memb. #2003 7/03 $1,572,000.00 12/31/31 5.232% Qtr.
Arkansas Elec. #2276 7/07 $65,000,000.00 12/31/35 5.253% Qtr.
Blackduck Telephone Co. #2215 7/07 $763,000.00 1/03/22 5.219% Qtr.
South Slope Cooperative #741 7/07 $2,367,000.00 1/02/18 5.151% Qtr.
Adak Eagle Enterprises #2257 7/11 $150,000.00 6/30/25 5.194% Qtr.
Southern Iowa Electric #2044 7/11 $600,000.00 12/31/37 5.184% Qtr.
White River Valley Elec. #2275 7/12 $15,000,000.00 12/31/40 5.150% Qtr.
Brazos Electric #2086 7/14 $5,000,000.00 6/30/36 5.132% Qtr.
Brazos Electric #2086 7/14 $5,000,000.00 6/30/36 5.132% Qtr.
Brazos Electric #2086 7/14 $2,985,000.00 6/30/36 5.132% Qtr.
Brazos Electric #2182 7/14 $2,979,000.00 6/30/36 5.129% Qtr.
East Otter Tele. #435 7/18 $200,000.00 12/31/15 5.145% Qtr.
Moundville Telephone #2159 7/18 $248,000.00 1/02/07 5.257% Qtr.
La Valle Telephone #2274 7/19 $2,015,714.23 12/31/18 5.820% Qtr.
Roanoke Electric Mem. #820 7/19 $850,576.64 12/31/36 5.187% Qtr.
Runestone Electric Ass. #886 7/20 $750,000.00 12/31/36 5.124% Qtr.
South Texas Electric #845 7/21 $4,000,000.00 12/31/24 5.096% Qtr.
Buggs Island Telephone #2040 7/24 $334,000.00 12/31/19 5.043% Qtr.
Craig-Botetourt #2077 7/28 $581,000.00 12/31/37 5.121% Qtr.
Jefferson Davis Elec. #2076 7/28 $2,806,000.00 12/31/37 5.121% Qtr.
Clark Energy Coop. #2087 7/31 $1,200,000.00 12/31/13 4.913% Qtr.
N. Carolina Elec. #2260 7/31 $4,086,000.00 12/31/26 5.079% Qtr.
DEPARTMENT OF VETERANS AFFAIRS
St. Leo Residence 7/21 $66,133.00 7/17/45 5.106% 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 July 31, 2006 June 30, 2006 7/01/06- 7/31/06 10/01/05- 7/31/06
Agency Debt
U.S. Postal Service $0.0 $0.0 $0.0 $0.0
National Credit Union Adm.-CLF        $2.1        $2.1        $0.0        $2.1
Subtotal* $2.1 $2.1 $0.0 $2.1
Agency Assets
Rural Utilities Service-CBO    $4,103.8    $4,103.8        $0.0     -$166.4
Subtotal* $4,103.8 $4,103.8 $0.0 -$166.4
Government-Guaranteed Lending
DOD-Foreign Military Sales $1,068.5 $1,080.7 -$12.2 -$176.0
DoEd-HBCU+ $145.3 $150.4 -$5.1 $19.8
DHUD-Community Dev. Block Grant $0.0 $0.0 $0.0 -$0.2
DHUD-Public Housing Notes $884.0 $884.0 $0.0 -$88.0
General Services Administration+ $2,144.1 $2,153.9 -$9.8 $0.4
DOI-Virgin Islands $3.2 $3.9 -$0.7 -$2.3
DON-Ship Lease Financing $170.6 $257.4 -$86.8 -$205.1
Rural Utilities Service $19,010.9 $18,903.0 $107.9 $925.0
Rural Utilities Service-GETP $2,000.0 $2,000.0 $0.0 $1,550.0
SBA-State/Local Development Cos. $27.8 $28.7 -$0.9 -$11.9
DOT-Section 511 $2.5 $2.5 $0.0 -$0.2
VA Homeless Veterans Housing        $2.2        $2.2        $0.1        $2.2
Subtotal* $25,459.2 $25,466.8 -$7.6 $2,013.7
========= ========= ========= =========
Grand total* $29,565.1 $29,572.7 -$7.6 $1,849.4
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest