Banner Image: Federal Financing Bank (FFB)
Header: Home page


DECEMBER 2006 NEWS RELEASE

Gary H. Burner, Manager, Federal Financing Bank (FFB) announced the following activity for the month of November 2006.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $29.6 billion on November 30, 2006, posting a decrease of $70.7 million from the level on October 31, 2006. This net change was the result of decreases in net holdings of agency debt (U.S. Postal Service) of $58.9 million and in net holdings of government-guaranteed loans of $11.8 million. The FFB made 29 disbursements during the month of November.  The FFB also reset the interest rate on one loan guaranteed by the Department of Education. 

Attached to this release are tables presenting November loan activity and FFB holdings as of November 30, 2006.

 

FEDERAL FINANCING BANK
NOVEMBER 2006 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 11/03 $370,900,000.00 11/06/06 5.313%
S/A
U.S. Postal Service 11/06 $400,000,000.00 11/07/06 5.316% S/A
U.S. Postal Service 11/06 $209,200,000.00 11/07/06 5.313% S/A
U.S. Postal Service 11/07 $200,000,000.00 11/08/06 5.327% S/A
U.S. Postal Service 11/20 $376,100,000.00 11/21/06 5.333% S/A
U.S. Postal Service 11/21 $77,400,000.00 11/22/06 5.387% S/A
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 11/03 $3,398,761.64 8/01/35 4.871% S/A
San Francisco Bldg Lease 11/03 $19,321.58 8/01/35 4.871% S/A
San Francisco Bldg Lease 11/03 $124,529.35 8/01/35 4.871% S/A
San Francisco OB 11/07 $169,515.18 2/01/35 4.959% S/A
Foley Services Contract 11/15 $10,663.08 7/31/25 4.809% S/A
Foley Services Contract 11/15 $359,366.42 7/31/25 4.809% S/A
Foley Services Contract 11/22 $765,282.51 7/31/25 4.817% S/A
San Francisco Bldg Lease 11/29 $64,718.61 8/01/35 4.767% S/A
San Francisco OB 11/29 $507,247.50 2/01/35 4.769% S/A
DEPARTMENT OF EDUCATION
*Tuskegee Univ. 11/01 $2,000,000.00 5/01/07 5.127% S/A
South Carolina State Univ. 11/09 $2,158,988.24 3/01/35 4.977% S/A
Harris Stowe State Univ. 11/15 $424,613.65 10/01/35 4.668% S/A
RURAL UTILITIES SERVICE
Southern Iowa Electric #2044 11/06 $900,000.00 12/31/37 4.812% Qtr.
Wilkes Tele. & Elec. #851 11/07 $326,000.00 12/31/18 4.698% Qtr.
Great River Energy #2266 11/09 $13,600,000.00 12/31/30 4.728% Qtr.
Great River Energy #2267 11/09 $8,400,000.00 1/03/28 4.719% Qtr.
Great River Energy #2268 11/09 $6,600,000.00 12/31/35 4.728% Qtr.
Great River Energy #2269 11/09 $5,500,000.00 12/31/25 4.706% Qtr.
North Georgia Elec. #2135 11/13 $3,496,000.00 12/31/37 4.734% Qtr.
United Power Assoc. #721 11/14 $5,900,000.00 12/31/30 4.708% Qtr.
Grand Valley Rural #873 11/15 $30,000.00 12/31/36 4.670% Qtr.
Dairyland Power #2262 11/27 $5,490,000.00 12/31/40 4.637% Qtr.
N. Carolina Elec. #2260 11/27 $36,831,000.00 12/31/26 4.649% Qtr.
Scott County Telephone #2175 11/27 $255,000.00 12/31/20 4.583% Qtr.

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, 2006 October 31, 2006 11/01/06-11/30/06 10/01/06-11/30/06
Agency Debt
U.S. Postal Service $0.0 $58.9 -$58.9 -$2,100.0
National Credit Union Adm.-CLF        $0.0        $0.0        $0.0        $0.0
Subtotal* $0.0 $58.9 -$58.9 -$2,100.0
Agency Assets
Rural Utilities Service-CBO    $3,916.6    $3,916.6        $0.0        $0.0
Subtotal* $3,916.6 $3,916.6 $0.0 $0.0
Government-Guaranteed Lending
DOD-Foreign Military Sales $1,008.3 $1,021.3 -$12.9 -$15.6
DoEd-HBCU+ $156.9 $154.4 $2.4 $2.4
DHUD-Community Dev. Block Grant $0.0 $0.0 $0.0 $0.0
DHUD-Public Housing Notes $790.6 $884.0 -$93.3 -$93.3
General Services Administration+ $2,148.0 $2,142.7 $5.4 $0.6
DOI-Virgin Islands $3.2 $3.2 $0.0 $0.0
DON-Ship Lease Financing $170.6 $170.6 $0.0 $0.0
Rural Utilities Service $19,398.7 $19,311.4 $87.3 $31.9
Rural Utilities Service-GETP $2,000.0 $2,000.0 $0.0 $0.0
SBA-State/Local Development Cos. $25.0 $25.7 -$0.7 -$1.5
DOT-Section 511 $2.5 $2.5 $0.0 $0.0
VA Homeless Veterans Housing        $3.1        $3.1        $0.0        $0.7
Subtotal* $25,707.0 $25,718.8 -$11.8 -$74.8
========= ========= ========= =========
Grand total* $29,623.6 $29,694.3 -$70.7 -$2,174.8
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest