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JULY 2006 NEWS RELEASE


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

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $29.6 billion on June 30, 2006, posting a decrease of $105.9 million from the level on May 31, 2006.  This net change was the result of decreases in holdings of agency debt of $2.0 million and in net holdings of government-guaranteed loans of $103.9 million. The FFB made 30 disbursements and received 9 prepayments during the month of June.  The FFB also extended the maturities of 159 loans guaranteed by the Rural Utilities Service (“RUS”) during the month.

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

 

FEDERAL FINANCING BANK
JUNE 2006 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
NATIONAL CREDIT UNION ADMIN. - CLF
*National Credit Union 6/22 $2,105,300.00 9/20/06 5.037% S/A
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 6/01 $1,845,859.17 8/01/35 5.400% S/A
San Francisco Bldg Lease 6/06 $6,913.25 8/01/35 5.293% S/A
Foley Services Contract 6/12 $456,148.40 7/31/25 5.226% S/A
Foley Services Contract 6/22 $17,166.15 7/31/25 5.393% S/A
San Francisco Bldg Lease 6/28 $2,102,927.47 8/01/35 5.438% S/A
DEPARTMENT OF EDUCATION
South Carolina State Univ. 6/20 $2,866,501.20 3/01/35 5.561% S/A
Harris Stowe State Univ. 6/28 $646,927.48 10/01/31 5.309% S/A
RURAL UTILITIES SERVICE
Gunnison County Electric #2036 6/01 $1,000,000.00 12/31/36 5.234% Qtr.
Atlantic Telephone Mem. #805 6/07 $7,191,000.00 10/02/06 4.917% Qtr.
South Miss. Elec. #2109 6/07 $7,467,000.00 1/03/34 5.120% Qtr.
Bartlett Elec. #2265 6/08 $715,000.00 12/31/40 5.115% Qtr.
Oneida-Madison Elec. #2144 6/12 $87,000.00 1/03/39 5.052% Qtr.
Seminole Electric #2253 6/12 $23,954,000.00 1/02/35 5.072% Qtr.
Missouri Rural Elec. #2120 6/16 $800,000.00 1/03/39 5.160% Qtr.
Central Georgia Elec. #2117 6/21 $2,263,000.00 1/03/33 5.244% Qtr.
Consolidated Elec. #2072 6/23 $100,000.00 1/03/23 5.251% Qtr.
Medina Electric #2250 6/23 $2,000,000.00 1/03/40 5.247% Qtr.
CARTERET-CRAVEN ELECTR #608 6/26 $7,804,000.00 12/31/29 5.319% Qtr.
CARTERET-CRAVEN ELECTR #2033 6/26 $2,013,000.00 1/03/33 5.311% Qtr.
Pointe Coupee Electric #2042 6/26 $879,000.00 12/31/37 5.285% Qtr.
Buggs Island Telephone #2040 6/27 $133,000.00 12/31/19 5.251% Qtr.
Cumberland Electric #2137 6/27 $5,000,000.00 1/03/39 5.301% Qtr.
East Texas Elec Coop Inc #2207 6/28 $419,000.00 12/31/35 5.277% Qtr.
Central Iowa Power Coop. #2240 6/29 $4,458,000.00 12/31/35 5.315% Qtr.
Georgia Trans. Corp. #2249 6/29 $42,984,000.00 1/03/40 5.298% Qtr.
*Adams Rural Electric #706 6/30 $468,903.25 1/02/35 5.293% Qtr.
*Adams Rural Electric #706 6/30 $469,104.24 1/02/35 5.293% Qtr.
*Adams Rural Electric #706 6/30 $608,214.02 1/02/35 5.293% Qtr.
*Atlantic Telephone Mem. #805 6/30 $5,070,372.42 10/02/06 5.026% Qtr.
*Atlantic Telephone Mem. #805 6/30 $4,799,851.17 10/02/06 5.026% Qtr.
*Atlantic Telephone Mem. #805 6/30 $1,741,324.61 10/02/06 5.026% Qtr.
Blue Ridge Elec. #897 6/30 $2,072,000.00 12/31/36 5.282% Qtr.
*Blue Grass Energy #674 6/30 $4,575,695.97 10/02/06 5.026% Qtr.
*Blue Grass Energy #674 6/30 $1,828,002.37 10/02/06 5.026% Qtr.
*Blue Grass Energy #674 6/30 $4,658,132.48 10/02/06 5.026% Qtr.
*Blue Grass Energy #674 6/30 $4,754,529.14 10/02/06 5.026% Qtr.
*Blue Grass Energy #674 6/30 $2,764,802.95 10/02/06 5.026% Qtr.
*Brazos Electric #2086 6/30 $5,059,082.04 10/02/06 5.026% Qtr.
*Brazos Electric #2181 6/30 $20,000,000.00 12/31/25 5.291% Qtr.
*Brazos Electric #2181 6/30 $1,692,000.00 12/31/25 5.291% Qtr.
*Citizens Tel (VA) #680 6/30 $1,268,076.41 10/02/06 5.026% Qtr.
*Citizens Tel (VA) #680 6/30 $623,977.34 10/02/06 5.026% Qtr.
*Citizens Tel (VA) #680 6/30 $539,640.96 10/02/06 5.026% Qtr.
*Citizens Tel (VA) #680 6/30 $209,537.81 10/02/06 5.026% Qtr.
*Citizens Tel (VA) #680 6/30 $436,185.27 10/02/06 5.026% Qtr.
*Cumberland Electric #623 6/30 $5,172,261.23 12/31/29 5.307% Qtr.
*Cumberland Valley #668 6/30 $3,816,176.73 10/02/06 5.026% Qtr.
*Cumberland Valley #668 6/30 $4,583,222.81 10/02/06 5.026% Qtr.
*Cumberland Valley #2118 6/30 $2,174,519.94 10/02/06 5.026% Qtr.
*Cumberland Valley #2118 6/30 $1,976,836.30 10/02/06 5.026% Qtr.
*Cumberland Valley #2118 6/30 $2,957,820.21 10/02/06 5.026% Qtr.
*Cooper Valley Tel. #648 6/30 $840,557.76 10/02/06 5.026% Qtr.
*Cooper Valley Tel. #648 6/30 $191,268.19 10/02/06 5.026% Qtr.
Cornbelt Power #2054 6/30 $2,763,000.00 1/03/33 5.289% Qtr.
Cornbelt Power #2241 6/30 $14,915,000.00 1/03/40 5.271% Qtr.
*Coop. Power Assoc. #070 6/30 $629,475.52 10/02/06 5.151% Qtr.
*Coop. Power Assoc. #130 6/30 $2,229,060.42 10/02/06 5.151% Qtr.
*Coop. Power Assoc. #156 6/30 $816,930.65 10/02/06 5.151% Qtr.
*Fairfield Elec. #684 6/30 $2,938,218.15 10/02/06 5.026% Qtr.
*Fairfield Elec. #684 6/30 $86,167.50 10/02/06 5.026% Qtr.
*Farmer's Telephone #459 6/30 $17,542.40 10/02/06 5.151% Qtr.
*Farmer's Telephone #459 6/30 $162,016.91 10/02/06 5.151% Qtr.
*Fleming-Mason Energy #644 6/30 $2,312,687.74 10/02/06 5.026% Qtr.
*Fleming-Mason Energy #644 6/30 $1,245,293.36 10/02/06 5.026% Qtr.
*Fleming-Mason Energy #644 6/30 $1,334,242.93 10/02/06 5.026% Qtr.
*Fleming-Mason Energy #644 6/30 $1,956,889.61 10/02/06 5.026% Qtr.
*Fleming-Mason Energy #644 6/30 $1,245,293.36 10/02/06 5.026% Qtr.
*Fleming-Mason Energy #644 6/30 $2,698,337.52 10/02/06 5.026% Qtr.
*Fleming-Mason Energy #644 6/30 $2,674,075.65 10/02/06 5.026% Qtr.
*Fleming-Mason Energy #644 6/30 $2,825,453.40 10/02/06 5.026% Qtr.
*Fleming-Mason Energy #644 6/30 $2,346,189.34 10/02/06 5.026% Qtr.
*Farmers Telephone #399 6/30 $3,976,840.53 10/02/06 5.151% Qtr.
*Farmers Telephone #399 6/30 $2,807,094.68 10/02/06 5.151% Qtr.
*Farmers Telephone #399 6/30 $1,905,340.47 10/02/06 5.151% Qtr.
*Farmers Telephone #399 6/30 $1,508,170.62 10/02/06 5.151% Qtr.
*Farmers Telephone #399 6/30 $1,986,791.92 10/02/06 5.151% Qtr.
*Farmers Telephone #399 6/30 $1,670,525.13 10/02/06 5.151% Qtr.
*Farmers Telephone #476 6/30 $2,129,778.74 10/02/06 5.151% Qtr.
*Farmers Telephone #476 6/30 $2,969,805.81 10/02/06 5.151% Qtr.
*Farmers Telephone #476 6/30 $7,450,968.17 10/02/06 5.151% Qtr.
*Farmers Telephone #476 6/30 $5,550,439.45 10/02/06 5.151% Qtr.
*Farmers Telephone #476 6/30 $4,310,217.16 10/02/06 5.151% Qtr.
*Farmers Telephone #476 6/30 $3,850,619.29 10/02/06 5.151% Qtr.
*Farmers Telephone #476 6/30 $1,592,142.01 10/02/06 5.151% Qtr.
*Farmers Telephone #2203 6/30 $1,830,005.00 10/02/06 5.026% Qtr.
*Farmers Telephone #2203 6/30 $7,532,000.00 10/02/06 5.026% Qtr.
*FTC Communications #709 6/30 $5,611,254.45 10/02/06 5.026% Qtr.
*FTC Communications #709 6/30 $1,676,906.15 10/02/06 5.026% Qtr.
*FTC Communications #709 6/30 $2,160,930.69 10/02/06 5.026% Qtr.
*FTC Communications #709 6/30 $2,763,631.03 10/02/06 5.026% Qtr.
*FTC Communications #709 6/30 $973,903.53 10/02/06 5.026% Qtr.
*FTC Communications #709 6/30 $1,160,402.02 10/02/06 5.026% Qtr.
*FTC Communications #2101 6/30 $408,348.16 10/02/06 5.026% Qtr.
*FTC Communications #2101 6/30 $3,170,472.04 10/02/06 5.026% Qtr.
*FTC Communications #2101 6/30 $2,825,311.23 10/02/06 5.026% Qtr.
*Grayson Rural Elec. #619 6/30 $1,067,394.36 10/02/06 5.026% Qtr.
*Grayson Rural Elec. #619 6/30 $533,697.19 10/02/06 5.026% Qtr.
*Grayson Rural Elec. #619 6/30 $889,495.29 10/02/06 5.026% Qtr.
*Grayson Rural Elec. #619 6/30 $1,152,368.52 10/02/06 5.026% Qtr.
*Grayson Rural Elec. #619 6/30 $910,252.34 10/02/06 5.026% Qtr.
*Grayson Rural Elec. #619 6/30 $2,305,234.25 10/02/06 5.026% Qtr.
*Grayson Rural Elec. #619 6/30 $941,817.81 10/02/06 5.026% Qtr.
*Grayson Rural Elec. #619 6/30 $962,049.25 10/02/06 5.026% Qtr.
*Grayson Rural Elec. #619 6/30 $1,621,601.03 10/02/06 5.026% Qtr.
*Greenbelt Elec. #743 6/30 $1,614,378.83 10/02/06 5.026% Qtr.
*Greenbelt Elec. #743 6/30 $466,025.38 10/02/06 5.026% Qtr.
*Greenbelt Elec. #743 6/30 $682,985.03 10/02/06 5.026% Qtr.
*Harrison County #532 6/30 $885,877.99 10/02/06 5.026% Qtr.
*Harrison County #532 6/30 $797,290.20 10/02/06 5.026% Qtr.
*Harrison County #532 6/30 $891,854.73 10/02/06 5.026% Qtr.
*Harrison County #532 6/30 $1,454,312.26 10/02/06 5.026% Qtr.
*Harrison County #532 6/30 $1,565,744.56 10/02/06 5.026% Qtr.
*Hudson Valley Datanet #833 6/30 $4,505,078.85 10/02/06 5.026% Qtr.
*Hudson Valley Datanet #833 6/30 $3,283,200.00 10/02/06 5.026% Qtr.
*Hudson Valley Datanet #833 6/30 $1,802,031.54 10/02/06 5.026% Qtr.
*Inter-County Energy #592 6/30 $1,328,816.96 10/02/06 5.026% Qtr.
*Inter-County Energy #592 6/30 $1,771,755.98 10/02/06 5.026% Qtr.
*Inter-County Energy #592 6/30 $2,309,483.88 10/02/06 5.026% Qtr.
*Inter-County Energy #592 6/30 $196,578.45 10/02/06 5.026% Qtr.
*Inter-County Energy #850 6/30 $3,796,050.58 10/02/06 5.026% Qtr.
*Inter-County Energy #850 6/30 $1,898,025.27 10/02/06 5.026% Qtr.
*Inter-County Energy #850 6/30 $1,898,144.53 10/02/06 5.026% Qtr.
*Inter-County Energy #850 6/30 $3,367,612.82 10/02/06 5.026% Qtr.
*Inter-County Energy #850 6/30 $3,105,732.09 10/02/06 5.026% Qtr.
*Inter-County Energy #850 6/30 $3,581,135.74 10/02/06 5.026% Qtr.
*Ironton Telephone Co. #888 6/30 $2,880,663.78 10/02/06 5.026% Qtr.
*Ironton Telephone Co. #2051 6/30 $2,791,577.85 10/02/06 5.026% Qtr.
*Kenergy Corp. #2068 6/30 $5,904,429.37 10/02/06 5.026% Qtr.
*Kenergy Corp. #2068 6/30 $4,920,357.80 10/02/06 5.026% Qtr.
*Kenergy Corp. #2068 6/30 $5,904,429.37 10/02/06 5.026% Qtr.
*Kenergy Corp. #2068 6/30 $4,285,421.52 10/02/06 5.026% Qtr.
*Licking Valley Elec. #522 6/30 $2,435,278.57 10/02/06 5.026% Qtr.
*Licking Valley Elec. #854 6/30 $1,910,416.90 10/02/06 5.026% Qtr.
*Licking Valley Elec. #854 6/30 $1,956,543.44 10/02/06 5.026% Qtr.
*Licking Valley Elec. #854 6/30 $1,992,339.09 10/02/06 5.026% Qtr.
*Magnolia Electric #560 6/30 $4,441,611.12 10/02/06 5.151% Qtr.
*Medina Electric #622 6/30 $1,360,367.18 10/02/06 5.026% Qtr.
*Medina Electric #622 6/30 $1,366,542.49 10/02/06 5.026% Qtr.
*Medina Electric #622 6/30 $745,737.05 10/02/06 5.026% Qtr.
*Medina Electric #2050 6/30 $977,693.61 10/02/06 5.026% Qtr.
*Menard Elec. #518 6/30 $116,110.85 1/03/34 5.298% Qtr.
*Moundville Telephone #2159 6/30 $890,373.36 10/02/06 5.026% Qtr.
*Navopache Electric #2021 6/30 $9,312,977.08 7/02/07 5.211% Qtr.
N. Carolina Elec. #2260 6/30 $23,530,000.00 12/31/26 5.298% Qtr.
*Nolin Rural Elec. #528 6/30 $1,676,966.97 10/02/06 5.026% Qtr.
*Nolin Rural Elec. #577 6/30 $2,288,222.82 10/02/06 5.026% Qtr.
*Nolin Rural Elec. #577 6/30 $2,288,222.82 10/02/06 5.026% Qtr.
*Nolin Rural Elec. #840 6/30 $3,796,050.58 10/02/06 5.026% Qtr.
*Nolin Rural Elec. #840 6/30 $2,797,689.27 10/02/06 5.026% Qtr.
*Northstar Technology #811 6/30 $1,548,043.03 10/02/06 5.026% Qtr.
*Northstar Technology #811 6/30 $844,314.03 10/02/06 5.026% Qtr.
*Owen Electric #525 6/30 $1,774,229.63 1/03/34 5.298% Qtr.
*Owen Electric #525 6/30 $1,770,646.54 1/03/34 5.298% Qtr.
*Owen Electric #525 6/30 $893,323.29 1/03/34 5.298% Qtr.
*Owen Electric #525 6/30 $1,801,487.45 1/03/34 5.298% Qtr.
*Owen Electric #525 6/30 $1,835,534.65 1/03/34 5.298% Qtr.
*Owen Electric #525 6/30 $3,032,778.32 1/03/34 5.298% Qtr.
*Owen Electric #2097 6/30 $3,927,149.15 12/31/37 5.277% Qtr.
*Owen Electric #2097 6/30 $7,817,134.97 12/31/37 5.277% Qtr.
*Pee Dee Elec. #547 6/30 $501,476.67 6/30/11 5.136% Qtr.
*Piedmont Rural Telephone #2002 6/30 $2,190,958.52 10/02/06 5.026% Qtr.
*Piedmont Rural Telephone #2002 6/30 $1,448,893.80 10/02/06 5.026% Qtr.
*PRTCommunications #798 6/30 $3,996,081.61 10/02/06 5.026% Qtr.
*PRTCommunications #798 6/30 $1,497,906.47 10/02/06 5.026% Qtr.
*PRTCommunications #798 6/30 $665,519.40 10/02/06 5.026% Qtr.
*PRTCommunications #798 6/30 $911,111.12 10/02/06 5.026% Qtr.
*San Miguel Electric #919 6/30 $5,968,172.71 10/02/06 5.026% Qtr.
*San Miguel Electric #919 6/30 $6,266,651.18 10/02/06 5.026% Qtr.
*Scenic Rivers Energy #677 6/30 $1,270,361.69 6/30/15 5.167% Qtr.
*Shelby Energy Coop. #607 6/30 $1,026,322.89 1/03/34 5.298% Qtr.
*Socorro Elec. #869 6/30 $2,676,408.80 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #534 6/30 $860,193.58 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #534 6/30 $860,193.58 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #534 6/30 $430,096.81 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #534 6/30 $860,193.58 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #534 6/30 $860,193.58 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #534 6/30 $874,296.98 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #534 6/30 $879,988.65 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #534 6/30 $2,032,853.86 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #852 6/30 $955,208.43 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #852 6/30 $1,910,416.90 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #852 6/30 $477,604.22 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #852 6/30 $1,945,702.93 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #852 6/30 $2,666,437.23 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #852 6/30 $694,223.03 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #852 6/30 $5,423,024.62 10/02/06 5.026% Qtr.
*Surry-Yadkin Elec. #852 6/30 $1,627,886.96 10/02/06 5.026% Qtr.
*Virgin Islands Telephone #2089 6/30 $61,249,290.20 10/02/06 5.026% Qtr.
DEPARTMENT OF VETERANS AFFAIRS
St. Leo Residence 6/13 $151,734.50 7/17/45 5.063% 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)


 

FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)

Monthly Fiscal Year
Net Change Net Change
Program June 30, 2006 May 31, 2006 6/01/06 - 6/30/06 10/01/05 - 6/30/06
Agency Debt
U.S. Postal Service $0.0 $0.0 $0.0 $0.0
National Credit Union Adm.-CLF        $2.1        $4.1       -$2.0        $2.1
Subtotal* $2.1 $4.1 -$2.0 $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 $1,080.7 $1,118.6 -$38.0 -$163.8
DoEd-HBCU+ $150.4 $146.9 $3.5 $24.9
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+ $2,153.9 $2,151.5 $2.4 $10.2
DOI-Virgin Islands $3.9 $3.9 $0.0 -$1.6
DON-Ship Lease Financing $257.4 $257.4 $0.0 -$118.3
Rural Utilities Service $18,903.0 $18,973.7 -$70.7 $817.1
Rural Utilities Service-GETP $2,000.0 $2,000.0 $0.0 $1,550.0
SBA-State/Local Development Cos. $28.7 $29.9 -$1.2 -$11.0
DOT-Section 511 $2.5 $2.6 -$0.1 -$0.2
VA Homeless Veterans Housing        $2.2        $2.0        $0.2        $2.2
Subtotal* $25,466.8 $25,570.7 -$103.9 $2,021.3
========= ========= ========= =========
Grand total* $29,572.7 $29,678.6 -$105.9 $1,857.0
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest