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JANUARY 2006 NEWS RELEASE


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

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $28.3 billion on December 31, 2005, posting an increase of $233.2 million from the level on November 30, 2005.  This net change was the result of an increase in net holdings of government-guaranteed loans of $233.2 million. The FFB made 46 disbursements and received 33 prepayments during the month of December.

Attached to this release are tables presenting FFB December loan activity and FFB holdings as of December 31, 2005.


DECEMBER 2005 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 12/06 $4,171,588.55 8/01/35 4.880% S/A
San Francisco OB 12/08 $125,372.87 2/01/35 4.831% S/A
Foley Square Office Bldg. 12/09 $137,712.00 7/31/25 4.707% S/A
San Francisco Bldg Lease 12/15 $305.38 8/01/35 4.765% S/A
San Francisco Bldg Lease 12/23 $1,959.42 8/01/35 4.733% S/A
DEPARTMENT OF EDUCATION
South Carolina State Univ. 12/21 $755,180.95 3/01/35 5.014% S/A
RURAL UTILITIES SERVICE
Roanoke Electric Mem. #820 12/01 $1,500,000.00 12/31/36 4.666% Qtr.
Scott County Telephone #2175 12/01 $249,900.00 12/31/20 4.502% Qtr.
Hoosier Energy Elec. #2235 12/02 $58,330,000.00 12/31/35 4.954% Qtr.
Lighthouse Elec. #2090 12/05 $559,000.00 12/31/37 4.681% Qtr.
E. Nebraska Tele. #398 12/06 $141,000.00 1/03/17 4.634% Qtr.
Kankakee Valley Elec. #2245 12/06 $2,500,000.00 1/03/40 4.716% Qtr.
Tipmont Rural Electric #2150 12/06 $2,900,000.00 1/03/39 4.718% Qtr.
Bartlett Elec. #2201 12/08 $560,000.00 1/03/40 4.668% Qtr.
Farmer's Rural Elec. #2046 12/08 $1,000,000.00 12/31/37 4.671% Qtr.
Gunnison County Electric #2036 12/08 $1,500,000.00 12/31/36 4.674% Qtr.
Colquitt Elec. #2124 12/09 $7,000,000.00 12/31/37 4.620% Qtr.
Navopache Electric #2021 12/09 $2,500,000.00 12/31/15 4.430% Qtr.
North Georgia Elec. #2135 12/09 $6,378,000.00 12/31/37 4.620% Qtr.
Prince George Elec. #2111 12/12 $4,000,000.00 12/31/37 4.707% Qtr.
Atlantic Telephone Mem. #805 12/13 $1,781,000.00 3/31/06 4.006% Qtr.
Clay County Rural Tel. #2232 12/13 $793,000.00 1/03/23 4.594% Qtr.
Johnson County Elec. #2085 12/15 $750,000.00 12/31/37 4.611% Qtr.
W. Farmers Elec. Coop. #2116 12/15 $2,647,000.00 12/31/20 4.447% Qtr.
Tri-State #2052 12/16 $7,028,000.00 1/03/34 4.633% Qtr.
Tri-State #2172 12/16 $1,759,000.00 12/31/35 4.629% Qtr.
Tri-County Elec. TN #2066 12/16 $176,000.00 1/03/33 4.633% Qtr.
Tri-County Elec. TN #2067 12/16 $1,792,000.00 1/03/23 4.513% Qtr.
Wood County Electric #826 12/16 $4,534,000.00 12/31/36 4.625% Qtr.
Central Virginia Elec. #2126 12/19 $1,500,000.00 1/03/39 4.610% Qtr.
Lake Region Elec. #2131 12/19 $596,000.00 1/03/39 4.610% Qtr.
Tipmont Rural Electric #2150 12/19 $1,100,000.00 1/03/39 4.610% Qtr.
Union County Elec. #614 12/19 $420,000.00 12/31/29 4.594% Qtr.
GOLDEN VALLEY ASSOC. #2229 12/23 $41,228,000.00 1/02/35 4.583% Qtr.
Oneida County Rural Tel #2248 12/23 $3,243,597.33 12/31/14 4.371% Qtr.
Georgia Trans. Corp. #2249 12/27 $88,626,000.00 1/03/40 4.512% Qtr.
CARTERET-CRAVEN ELECTR #2033 12/28 $3,487,000.00 1/03/33 4.478% Qtr.
Meeker Cooperative #2202 12/28 $3,156,000.00 1/03/40 4.471% Qtr.
West River Coop. Tel. Co. #218 12/28 $6,034,267.16 12/31/18 4.322% Qtr.
New Horizon Elec. #791 12/29 $941,000.00 3/31/06 3.968% Qtr.
East River Power #2199 12/30 $655,000.00 1/03/39 4.484% Qtr.
Grundy Elec.Coop. #744 12/30 $579,000.00 12/31/35 4.489% Qtr.
Surry-Yadkin Elec. #852 12/30 $5,466,000.00 3/31/06 4.019% Qtr.
DEPARTMENT OF VETERANS AFFAIRS
St. Leo Residence 12/02 $579,615.17 7/17/45 4.698% S/A
St. Leo Residence 12/23 $112,015.00 7/17/45 4.600% S/A
St. Leo Residence 12/30 $260,122.90 7/17/45 4.503% S/A

S/A is a Semiannual rate
Qtr. is a Quarterly rate


FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)

Monthly Fiscal Year
Net Change Net Change
Program December 31, 2005 November 30, 2005 12/01/05-12/31/05 10/01/05-12/31/05
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 $1,209.2 $1,228.8 -$19.6 -$35.2
DoEd-HBCU+ $127.0 $126.3 $0.8 $1.5
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+ $2,148.5 $2,146.0 $2.5 $4.8
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 $18,765.0 $18,515.0 $250.0 $679.0
Rural Utilities Service-GETP $500.0 $500.0 $0.0 $50.0
SBA-State/Local Development Cos. $35.6 $36.9 -$1.3 -$4.1
DOT-Section 511 $2.6 $2.7 -$0.1 -$0.1
VA Homeless Veterans Housing        $1.2        $0.2        $1.0        $1.2
Subtotal* $24,054.3 $23,821.1 $233.2 $608.9
========= ========= ========= =========
Grand total* $28,324.5 $28,091.3 $233.2 $608.9
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest