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NOVEMBER 2006 NEWS RELEASE

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

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $29.7 billion on October 31, 2006, posting a decrease of $2,104.1 million from the level on September 30, 2006. This net change was the result of decreases in net holdings of agency debt (U.S. Postal Service) of $2,041.1 million and in net holdings of government-guaranteed loans of $63.0 million. The FFB made 47 disbursements and received 6 prepayments during the month of October.  The FFB also extended the maturities of 157 loans guaranteed by the Rural Utilities Service (“RUS”) during the month.

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

 

FEDERAL FINANCING BANK
OCTOBER 2006 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 10/02 $200,000,000.00 10/03/06 4.642% S/A
U.S. Postal Service 10/02 $211,300,000.00 10/03/06 4.762% S/A
U.S. Postal Service 10/06 $600,000,000.00 10/10/06 4.898% S/A
U.S. Postal Service 10/06 $16,000,000.00 10/10/06 4.864% S/A
U.S. Postal Service 10/10 $800,000,000.00 10/11/06 4.928% S/A
U.S. Postal Service 10/10 $55,300,000.00 10/11/06 4.904% S/A
U.S. Postal Service 10/11 $500,000,000.00 10/12/06 4.864% S/A
U.S. Postal Service 10/11 $41,900,000.00 10/12/06 5.020% S/A
U.S. Postal Service 10/12 $343,500,000.00 10/13/06 5.050% S/A
U.S. Postal Service 10/13 $186,200,000.00 10/16/06 5.048% S/A
U.S. Postal Service 10/20 $461,600,000.00 10/23/06 5.120% S/A
U.S. Postal Service 10/23 $700,000,000.00 10/24/06 5.142% S/A
U.S. Postal Service 10/23 $112,800,000.00 10/24/06 5.170% S/A
U.S. Postal Service 10/24 $300,000,000.00 10/25/06 5.120% S/A
U.S. Postal Service 10/24 $242,100,000.00 10/25/06 5.276% S/A
U.S. Postal Service 10/25 $200,000,000.00 10/26/06 5.170% S/A
U.S. Postal Service 10/25 $152,900,000.00 10/26/06 5.266% S/A
U.S. Postal Service 10/26 $188,700,000.00 10/27/06 5.286% S/A
U.S. Postal Service 10/31 $58,900,000.00 11/01/06 5.306% S/A
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco OB 10/20 $166,279.23 2/01/35 5.063% S/A
San Francisco Bldg Lease 10/20 $291,134.43 8/01/35 5.062% S/A
San Francisco Bldg Lease 10/20 $216,274.30 8/01/35 5.062% S/A
RURAL UTILITIES SERVICE
*Atlantic Telephone Mem. #805 10/02 $5,012,343.70 1/02/07 4.903% Qtr.
*Atlantic Telephone Mem. #805 10/02 $4,744,918.48 1/02/07 4.903% Qtr.
*Atlantic Telephone Mem. #805 10/02 $1,721,395.73 1/02/07 4.903% Qtr.
*Atlantic Telephone Mem. #805 10/02 $7,129,657.33 1/02/07 4.903% Qtr.
*Blue Grass Energy #674 10/02 $4,559,171.77 1/02/07 4.903% Qtr.
*Blue Grass Energy #674 10/02 $1,821,400.91 1/02/07 4.903% Qtr.
*Blue Grass Energy #674 10/02 $4,641,310.58 1/02/07 4.903% Qtr.
*Blue Grass Energy #674 10/02 $4,737,359.12 1/02/07 4.903% Qtr.
*Blue Grass Energy #674 10/02 $2,754,818.42 1/02/07 4.903% Qtr.
*Brazos Electric #2086 10/02 $5,044,353.94 1/02/07 4.903% Qtr.
*Brazos Electric #2182 10/02 $1,410,000.00 1/02/07 4.903% Qtr.
*Central Elec. Power #624 10/02 $5,036,037.16 9/30/11 4.570% Qtr.
*Citizens Tel (VA) #680 10/02 $1,242,308.24 1/02/07 4.903% Qtr.
*Citizens Tel (VA) #680 10/02 $611,297.70 1/02/07 4.903% Qtr.
*Citizens Tel (VA) #680 10/02 $528,675.10 1/02/07 4.903% Qtr.
*Citizens Tel (VA) #680 10/02 $205,279.86 1/02/07 4.903% Qtr.
*Citizens Tel (VA) #680 10/02 $427,321.69 1/02/07 4.903% Qtr.
*Citizens Tel (VA) #680 10/02 $213,520.49 1/02/07 4.903% Qtr.
*Cumberland Valley #668 10/02 $3,802,395.38 1/02/07 4.903% Qtr.
*Cumberland Valley #668 10/02 $4,566,671.43 1/02/07 4.903% Qtr.
*Cumberland Valley #2118 10/02 $2,168,189.43 1/02/07 4.903% Qtr.
*Cumberland Valley #2118 10/02 $1,971,081.30 1/02/07 4.903% Qtr.
*Cumberland Valley #2118 10/02 $2,949,209.35 1/02/07 4.903% Qtr.
*Cooper Valley Tel. #648 10/02 $829,198.87 1/02/07 4.903% Qtr.
*Cooper Valley Tel. #648 10/02 $188,683.48 1/02/07 4.903% Qtr.
*Coop. Power Assoc. #070 10/02 $616,770.16 1/02/07 5.028% Qtr.
*Coop. Power Assoc. #130 10/02 $2,168,563.67 1/02/07 5.028% Qtr.
*Coop. Power Assoc. #156 10/02 $802,458.29 1/02/07 5.028% Qtr.
*Darien Telephone Co. #719 10/02 $402,592.71 1/02/07 4.903% Qtr.
*East Central Oklahoma #754 10/02 $4,613,728.12 9/30/11 4.569% Qtr.
*Fairfield Elec. #684 10/02 $2,927,607.37 1/02/07 4.903% Qtr.
*Fairfield Elec. #684 10/02 $85,856.32 1/02/07 4.903% Qtr.
*Farmer's Telephone #459 10/02 $17,267.24 1/02/07 5.028% Qtr.
*Farmer's Telephone #459 10/02 $158,494.80 1/02/07 5.028% Qtr.
*Fleming-Mason Energy #644 10/02 $2,303,703.50 1/02/07 4.903% Qtr.
*Fleming-Mason Energy #644 10/02 $1,240,455.69 1/02/07 4.903% Qtr.
*Fleming-Mason Energy #644 10/02 $1,329,059.71 1/02/07 4.903% Qtr.
*Fleming-Mason Energy #644 10/02 $1,949,287.56 1/02/07 4.903% Qtr.
*Fleming-Mason Energy #644 10/02 $1,240,455.69 1/02/07 4.903% Qtr.
*Fleming-Mason Energy #644 10/02 $2,687,855.11 1/02/07 4.903% Qtr.
*Fleming-Mason Energy #644 10/02 $2,663,687.50 1/02/07 4.903% Qtr.
*Fleming-Mason Energy #644 10/02 $2,814,477.18 1/02/07 4.903% Qtr.
*Fleming-Mason Energy #644 10/02 $2,337,074.95 1/02/07 4.903% Qtr.
*Farmers Telephone #399 10/02 $3,936,066.51 1/02/07 5.028% Qtr.
*Farmers Telephone #399 10/02 $2,778,313.91 1/02/07 5.028% Qtr.
*Farmers Telephone #399 10/02 $1,885,805.26 1/02/07 5.028% Qtr.
*Farmers Telephone #399 10/02 $1,492,707.55 1/02/07 5.028% Qtr.
*Farmers Telephone #399 10/02 $1,966,421.61 1/02/07 5.028% Qtr.
*Farmers Telephone #399 10/02 $1,653,397.46 1/02/07 5.028% Qtr.
*Farmers Telephone #476 10/02 $2,080,268.89 1/02/07 5.028% Qtr.
*Farmers Telephone #476 10/02 $2,900,768.29 1/02/07 5.028% Qtr.
*Farmers Telephone #476 10/02 $7,277,759.41 1/02/07 5.028% Qtr.
*Farmers Telephone #476 10/02 $5,421,411.29 1/02/07 5.028% Qtr.
*Farmers Telephone #476 10/02 $4,210,019.80 1/02/07 5.028% Qtr.
*Farmers Telephone #476 10/02 $3,761,105.96 1/02/07 5.028% Qtr.
*Farmers Telephone #476 10/02 $1,555,130.32 1/02/07 5.028% Qtr.
*Farmers Telephone #2203 10/02 $1,830,005.00 1/02/07 4.903% Qtr.
*Farmers Telephone #2203 10/02 $7,532,000.00 1/02/07 4.903% Qtr.
*FTC Communications #709 10/02 $5,540,108.97 1/02/07 4.903% Qtr.
*FTC Communications #709 10/02 $1,655,644.54 1/02/07 4.903% Qtr.
*FTC Communications #709 10/02 $2,133,532.11 1/02/07 4.903% Qtr.
*FTC Communications #709 10/02 $2,728,590.76 1/02/07 4.903% Qtr.
*FTC Communications #709 10/02 $961,555.34 1/02/07 4.903% Qtr.
*FTC Communications #709 10/02 $1,145,689.20 1/02/07 4.903% Qtr.
*FTC Communications #2101 10/02 $403,170.68 1/02/07 4.903% Qtr.
*FTC Communications #2101 10/02 $3,130,273.41 1/02/07 4.903% Qtr.
*FTC Communications #2101 10/02 $2,789,488.92 1/02/07 4.903% Qtr.
Gibson Elec. Mem. #2017 10/02 $8,500,000.00 12/31/31 4.763% Qtr.
*Grayson Rural Elec. #619 10/02 $1,063,247.78 1/02/07 4.903% Qtr.
*Grayson Rural Elec. #619 10/02 $531,623.90 1/02/07 4.903% Qtr.
*Grayson Rural Elec. #619 10/02 $886,039.81 1/02/07 4.903% Qtr.
*Grayson Rural Elec. #619 10/02 $1,147,891.84 1/02/07 4.903% Qtr.
*Grayson Rural Elec. #619 10/02 $906,716.23 1/02/07 4.903% Qtr.
*Grayson Rural Elec. #619 10/02 $2,296,278.96 1/02/07 4.903% Qtr.
*Grayson Rural Elec. #619 10/02 $938,159.07 1/02/07 4.903% Qtr.
*Grayson Rural Elec. #619 10/02 $958,311.92 1/02/07 4.903% Qtr.
*Grayson Rural Elec. #619 10/02 $1,615,301.49 1/02/07 4.903% Qtr.
*Greenbelt Elec. #743 10/02 $1,608,955.67 12/31/35 4.761% Qtr.
*Greenbelt Elec. #743 10/02 $464,459.87 12/31/35 4.761% Qtr.
*Greenbelt Elec. #743 10/02 $680,690.68 12/31/35 4.761% Qtr.
*Harrison County #532 10/02 $882,436.56 1/02/07 4.903% Qtr.
*Harrison County #532 10/02 $794,192.91 1/02/07 4.903% Qtr.
*Harrison County #532 10/02 $888,390.08 1/02/07 4.903% Qtr.
*Harrison County #532 10/02 $1,448,662.60 1/02/07 4.903% Qtr.
*Harrison County #532 10/02 $1,559,662.01 1/02/07 4.903% Qtr.
*Hudson Valley Datanet #833 10/02 $4,458,150.95 1/02/07 4.903% Qtr.
*Hudson Valley Datanet #833 10/02 $3,249,000.00 1/02/07 4.903% Qtr.
*Hudson Valley Datanet #833 10/02 $1,783,260.38 1/02/07 4.903% Qtr.
*Inter-County Energy #592 10/02 $1,323,654.82 1/02/07 4.903% Qtr.
*Inter-County Energy #592 10/02 $1,764,873.13 1/02/07 4.903% Qtr.
*Inter-County Energy #592 10/02 $2,300,512.08 1/02/07 4.903% Qtr.
*Inter-County Energy #592 10/02 $195,814.79 1/02/07 4.903% Qtr.
*Inter-County Energy #850 10/02 $3,784,182.05 1/02/07 4.903% Qtr.
*Inter-County Energy #850 10/02 $1,892,091.01 1/02/07 4.903% Qtr.
*Inter-County Energy #850 10/02 $1,892,209.89 1/02/07 4.903% Qtr.
*Inter-County Energy #850 10/02 $3,357,083.82 1/02/07 4.903% Qtr.
*Inter-County Energy #850 10/02 $3,096,021.88 1/02/07 4.903% Qtr.
*Inter-County Energy #850 10/02 $3,569,939.15 1/02/07 4.903% Qtr.
*Inter-County Energy #850 10/02 $3,183,666.86 1/02/07 4.903% Qtr.
*Ironton Telephone Co. #888 10/02 $2,847,695.54 1/02/07 4.903% Qtr.
*Ironton Telephone Co. #2051 10/02 $2,762,612.44 1/02/07 4.903% Qtr.
*Kenergy Corp. #2068 10/02 $5,887,240.28 1/02/07 4.903% Qtr.
*Kenergy Corp. #2068 10/02 $4,906,033.56 1/02/07 4.903% Qtr.
*Kenergy Corp. #2068 10/02 $5,887,240.28 1/02/07 4.903% Qtr.
*Kenergy Corp. #2068 10/02 $4,272,945.72 1/02/07 4.903% Qtr.
*Licking Valley Elec. #522 10/02 $2,425,818.09 1/02/07 4.903% Qtr.
*Licking Valley Elec. #854 10/02 $1,904,443.89 1/02/07 4.903% Qtr.
*Licking Valley Elec. #854 10/02 $1,950,426.22 1/02/07 4.903% Qtr.
*Licking Valley Elec. #854 10/02 $1,986,109.95 1/02/07 4.903% Qtr.
*Magnolia Electric #560 10/02 $4,424,784.17 9/30/09 4.721% Qtr.
*Medina Electric #622 10/02 $1,355,082.48 1/02/07 4.903% Qtr.
*Medina Electric #622 10/02 $1,361,233.80 1/02/07 4.903% Qtr.
*Medina Electric #622 10/02 $742,840.04 1/02/07 4.903% Qtr.
*Medina Electric #2050 10/02 $974,847.33 1/02/07 4.903% Qtr.
*Moundville Telephone #2159 10/02 $883,343.83 1/02/07 4.903% Qtr.
*Nolin Rural Elec. #528 10/02 $1,670,452.35 1/02/07 4.903% Qtr.
*Nolin Rural Elec. #577 10/02 $2,279,333.61 1/02/07 4.903% Qtr.
*Nolin Rural Elec. #577 10/02 $2,279,333.61 1/02/07 4.903% Qtr.
*Nolin Rural Elec. #840 10/02 $3,784,182.05 1/02/07 4.903% Qtr.
*Nolin Rural Elec. #840 10/02 $2,788,942.16 1/02/07 4.903% Qtr.
*Northern Electric #666 10/02 $983,375.09 1/02/35 4.763% Qtr.
*Northstar Technology #811 10/02 $1,528,415.29 1/02/07 4.903% Qtr.
*Northstar Technology #811 10/02 $833,608.91 1/02/07 4.903% Qtr.
*O & A Electric Coop. #379 10/02 $713,418.73 12/31/26 4.865% Qtr.
*Okefenoke Rural Elec. #486 10/02 $2,198,559.21 1/03/33 4.887% Qtr.
*Piedmont Rural Tel. #2002 10/02 $2,171,906.71 1/02/07 4.903% Qtr.
*Piedmont Rural Tel. #2002 10/02 $1,435,840.70 1/02/07 4.903% Qtr.
*PRTCommunications #798 10/02 $3,932,872.25 1/02/07 4.903% Qtr.
*PRTCommunications #798 10/02 $1,474,212.83 1/02/07 4.903% Qtr.
*PRTCommunications #798 10/02 $654,992.32 1/02/07 4.903% Qtr.
*PRTCommunications #798 10/02 $900,000.01 1/02/07 4.903% Qtr.
*San Miguel Electric #919 10/02 $5,861,640.75 1/02/07 4.903% Qtr.
*San Miguel Electric #919 10/02 $6,154,791.37 1/02/07 4.903% Qtr.
*San Miguel Power #492 10/02 $2,749,430.31 12/31/31 4.887% Qtr.
*Socorro Elec. #869 10/02 $2,668,040.89 1/02/07 4.903% Qtr.
*Sumter Elec. #485 10/02 $364,963.53 12/31/31 4.887% Qtr.
*Sumter Elec. #485 10/02 $456,965.40 12/31/31 4.887% Qtr.
*Surry-Yadkin Elec. #534 10/02 $855,678.50 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #534 10/02 $855,678.50 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #534 10/02 $427,839.27 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #534 10/02 $855,678.50 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #534 10/02 $855,678.50 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #534 10/02 $869,707.88 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #534 10/02 $875,369.67 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #534 10/02 $2,022,183.60 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #852 10/02 $952,221.92 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #852 10/02 $1,904,443.89 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #852 10/02 $476,110.97 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #852 10/02 $1,939,619.60 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #852 10/02 $2,658,100.49 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #852 10/02 $692,052.50 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #852 10/02 $5,406,069.28 1/02/07 4.903% Qtr.
*Surry-Yadkin Elec. #852 10/02 $1,622,797.29 1/02/07 4.903% Qtr.
*Virgin Islands Tel. #2089 10/02 $60,472,706.25 1/02/07 4.903% Qtr.
North Western Elec Coop #880 10/03 $1,250,000.00 12/31/36 4.748% Qtr.
*Seminole Electric #416 10/03 $18,691,364.94 12/31/19 4.739% Qtr.
*Seminole Electric #416 10/03 $18,898,487.21 12/31/19 4.739% Qtr.
*Seminole Electric #416 10/03 $18,928,828.14 12/31/19 4.739% Qtr.
N. Carolina Elec. #2260 10/06 $21,900,000.00 12/31/26 4.723% Qtr.
Red River Rural Tel. #2113 10/06 $1,318,000.00 1/03/23 4.671% Qtr.
Kankakee Valley Elec. #2245 10/10 $3,000,000.00 1/03/40 4.822% Qtr.
A & N Electric #868 10/16 $238,122.00 12/31/36 4.929% Qtr.
Georgia Trans. Corp. #2249 10/18 $19,620,000.00 1/03/40 4.893% Qtr.
Seminole Electric #2253 10/18 $15,331,000.00 1/02/35 4.901% Qtr.
Tri-State #757 10/18 $596,000.00 12/31/25 4.871% Qtr.
Tri-State #2022 10/18 $6,327,000.00 1/03/33 4.903% Qtr.
Tri-State #2052 10/18 $12,102,000.00 1/03/34 4.903% Qtr.
Tri-State #2172 10/18 $4,420,000.00 12/31/35 4.900% Qtr.
Tri-State #2174 10/18 $1,000,000.00 1/02/35 4.902% Qtr.
Tri-State #2247 10/18 $2,654,000.00 12/31/35 4.900% Qtr.
Farmer's Rural Elec. #2046 10/23 $1,000,000.00 12/31/37 4.898% Qtr.
Central Iowa Power Coop #2093 10/25 $2,500,000.00 1/03/34 4.932% Qtr.
Dairyland Power #2262 10/25 $17,108,000.00 12/31/40 4.934% Qtr.
Southwestern Elec. Coop #2142 10/26 $1,750,000.00 1/03/39 4.886% Qtr.
N. Carolina Elec. #2260 10/27 $34,508,000.00 12/31/26 4.827% Qtr.
Nodak Electric Coop. #2176 10/27 $2,040,000.00 1/03/39 4.835% Qtr.
TRANSCO #2053 10/30 $5,548,000.00 12/31/35 4.797% Qtr.
Gunnison County Elec. #2036 10/31 $764,000.00 12/31/36 4.785% Qtr.
Plumas-Sierra Elec. #2138 10/31 $920,000.00 12/31/37 4.775% Qtr.
RURAL UTILITIES SERVICE - GETP
*CFC 10/16 $50,000,000.00 1/16/07 5.056% Qtr.
DEPARTMENT OF VETERANS AFFAIRS
St. Leo Residence 10/04 $292,824.80 7/17/45 4.763% S/A
St. Leo Residence 10/31 $365,094.50 7/17/45 4.799% 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 October 31, 2006 September 30, 2006 10/01/06-10/31/06 10/01/06-10/31/06
Agency Debt
U.S. Postal Service $58.9 $2,100.0 -$2,041.1 -$2,041.1
National Credit Union Adm.-CLF        $0.0        $0.0        $0.0        $0.0
Subtotal* $58.9 $2,100.0 -$2,041.1 -$2,041.1
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 $1,021.3 $1,023.9 -$2.7 -$2.7
DoEd-HBCU+ $154.4 $154.4 $0.0 $0.0
DHUD-Community Dev. Block Grant $0.0 $0.0 $0.0 $0.0
DHUD-Public Housing Notes $884.0 $884.0 $0.0 $0.0
General Services Administration+ $2,142.7 $2,147.4 -$4.8 -$4.8
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 $19,311.4 $19,366.8 -$55.4 -$55.4
Rural Utilities Service-GETP $2,000.0 $2,000.0 $0.0 $0.0
SBA-State/Local Development Cos. $25.7 $26.5 -$0.8 -$0.8
DOT-Section 511 $2.5 $2.5 $0.0 $0.0
VA Homeless Veterans Housing        $3.1        $2.4        $0.7        $0.7
Subtotal* $25,718.8 $25,781.8 -$63.0 -$63.0
========= ========= ========= =========
Grand total* $29,694.3 $31,798.4 -$2,104.1 -$2,104.1
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest