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JUNE 2006 NEWS RELEASE


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

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $29.7 billion on May 31, 2006, posting an increase of $1,228.0 million from the level on April 30, 2006.  This net change was the result of an increase in net holdings of government-guaranteed loans of $1,228.0 million. The FFB made 53 disbursements and received 22 prepayments during the month of May. The FFB also reset the interest rate for one loan guaranteed by the Department of Education.

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

 

FEDERAL FINANCING BANK
MAY 2006 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco OB 5/02 $168,695.25 2/01/35 5.420% S/A
San Francisco Bldg Lease 5/10 $1,665.00 8/01/35 5.393% S/A
San Francisco Bldg Lease 5/17 $5,761.10 8/01/35 5.400% S/A
San Francisco OB 5/18 $168,093.36 2/01/35 5.467% S/A
San Francisco OB 5/23 $600,250.22 2/01/35 5.324% S/A
San Francisco OB 5/23 $30,000.00 2/01/35 5.324% S/A
San Francisco OB 5/23 $10,000.00 2/01/35 5.324% S/A
DEPARTMENT OF EDUCATION
*Tuskegee Univ. 5/01 $2,000,000.00 11/01/06 4.910% S/A
Harris Stowe State Univ. 5/16 $1,197,101.42 4/01/31 5.361% S/A
South Carolina State Univ. 5/30 $3,319,321.77 3/01/35 5.467% S/A
South Carolina State Univ. 5/31 $3,039,625.82 3/01/35 5.502% S/A
RURAL UTILITIES SERVICE
Petit Jean Electric #887 5/01 $3,000,000.00 12/31/31 5.208% Qtr.
Tri-State #757 5/01 $275,000.00 12/31/25 5.171% Qtr.
Tri-State #2052 5/01 $18,955,000.00 1/03/34 5.204% Qtr.
Tri-State #2172 5/01 $2,692,000.00 12/31/35 5.194% Qtr.
Tri-State #2247 5/01 $769,000.00 12/31/35 5.195% Qtr.
Excelsior Elec. #890 5/02 $3,700,000.00 12/31/36 5.251% Qtr.
Hoosier Energy Elec. #2234 5/02 $436,000.00 12/31/19 5.115% Qtr.
Hoosier Energy Elec. #2235 5/02 $1,470,000.00 12/31/35 5.423% Qtr.
Hoosier Energy Elec. #2237 5/02 $6,582,000.00 1/03/40 5.462% Qtr.
East Kentucky Power #2171 5/03 $15,000,000.00 1/03/39 5.220% Qtr.
Vernon Electric Coop. #2008 5/04 $841,899.00 12/31/36 5.260% Qtr.
Minnkota Power #2115 5/08 $5,743,000.00 1/02/29 5.240% Qtr.
Sand Mountain Electric #2130 5/08 $463,000.00 1/03/33 5.244% Qtr.
East Kentucky Power #2171 5/09 $10,000,000.00 1/03/39 5.208% Qtr.
Hancock-Wood Elec. #842 5/09 $4,384,000.00 12/31/36 5.218% Qtr.
Brazos Electric #2086 5/10 $3,073,000.00 6/30/36 5.222% Qtr.
Brazos Electric #2086 5/10 $5,000,000.00 6/30/36 5.222% Qtr.
Brazos Electric #2086 5/10 $5,000,000.00 6/30/36 5.222% Qtr.
Brazos Electric #2086 5/10 $5,000,000.00 6/30/36 5.222% Qtr.
Brazos Electric #2181 5/10 $16,400,000.00 12/31/25 5.218% Qtr.
Brazos Electric #2182 5/10 $1,888,000.00 6/30/36 5.217% Qtr.
Central Iowa Power Coop. #2240 5/11 $4,000,000.00 12/31/35 5.213% Qtr.
Basin Electric #2211 5/15 $2,370,000.00 1/03/39 5.307% Qtr.
Lighthouse Elec. #2090 5/15 $245,000.00 12/31/37 5.311% Qtr.
Navopache Electric #2021 5/16 $2,421,261.00 12/31/36 5.267% Qtr.
Craighead Electric Coop #2026 5/17 $9,596,000.00 12/31/36 5.235% Qtr.
N. Carolina Elec. #2260 5/17 $1,867,000.00 12/31/26 5.227% Qtr.
N. Carolina Elec. #2260 5/17 $211,000.00 12/31/26 5.227% Qtr.
N. Carolina Elec. #2260 5/17 $23,547,000.00 12/31/26 5.227% Qtr.
N. Carolina Elec. #2260 5/17 $34,100,000.00 12/31/26 5.227% Qtr.
N. Carolina Elec. #2261 5/17 $2,490,000.00 1/03/12 4.948% Qtr.
N. Carolina Elec. #2259 5/17 $22,601,000.00 12/31/26 5.227% Qtr.
Seminole Electric #2253 5/17 $25,844,000.00 1/02/35 5.244% Qtr.
Darien Telephone Co. #719 5/18 $411,000.00 10/02/06 4.903% Qtr.
North Georgia Elec. #2135 5/18 $5,243,000.00 12/31/37 5.294% Qtr.
Wilkes Tele. & Elec. #851 5/18 $1,350,000.00 12/31/18 5.113% Qtr.
Owen Electric #2097 5/19 $5,000,000.00 12/31/37 5.192% Qtr.
High West Energy #2102 5/23 $3,000,000.00 1/03/39 5.148% Qtr.
Socorro Elec. #869 5/26 $826,000.00 12/31/36 5.192% Qtr.
W. Farmers Elec. Coop. #2114 5/31 $1,707,000.00 1/03/33 5.227% Qtr.
RURAL UTILITIES SERVICE - GETP
CFC 5/09 $950,000,000.00 1/16/07 4.992% Qtr.
CFC 5/09 $50,000,000.00 10/16/06 4.986% Qtr.
DEPARTMENT OF VETERANS AFFAIRS
St. Leo Residence 5/10 $48,777.50 7/17/45 5.000% 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 May 31, 2006 April 30, 2006 5/01/06- 5/31/06 10/01/05- 5/31/06
Agency Debt
U.S. Postal Service $0.0 $0.0 $0.0 $0.0
National Credit Union Adm.-CLF        $4.1        $4.1        $0.0        $4.1
Subtotal* $4.1 $4.1 $0.0 $4.1
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 $1,118.6 $1,131.5 -$12.9 -$125.9
DoEd-HBCU+ $146.9 $139.5 $7.4 $21.4
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+ $2,151.5 $2,155.1 -$3.5 $7.8
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 $18,973.7 $18,735.7 $238.0 $887.8
Rural Utilities Service-GETP $2,000.0 $1,000.0 $1,000.0 $1,550.0
SBA-State/Local Development Cos. $29.9 $31.0 -$1.0 -$9.8
DOT-Section 511 $2.6 $2.6 $0.0 -$0.1
VA Homeless Veterans Housing        $2.0        $2.0        $0.0        $2.0
Subtotal* $25,570.7 $24,342.7 $1,228.0 $2,125.2
========= ========= ========= =========
Grand total* $29,678.6 $28,450.6 $1,228.0 $1,962.9
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest