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SEPTEMBER 2006 NEWS RELEASE

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

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $29.8 billion on August 31, 2006, posting an increase of $199.0 million from the level on July 31, 2006.  This net change was the result of an increase in net holdings of government-guaranteed loans of $199.0 million. The FFB made 32 disbursements and received 5 prepayments during the month of August.

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

 

FEDERAL FINANCING BANK
AUGUST 2006 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 8/03 $7,088.90 8/01/35 5.213% S/A
San Francisco Bldg Lease 8/03 $1,250.00 8/01/35 5.213% S/A
Foley Services Contract 8/04 $718,317.73 7/31/25 5.189% S/A
San Francisco OB 8/04 $168,563.34 2/01/35 5.208% S/A
San Francisco Bldg Lease 8/04 $1,616,540.68 8/01/35 5.206% S/A
DEPARTMENT OF EDUCATION
Harris Stowe State Univ. 8/11 $986,338.19 10/01/34 5.081% S/A
South Carolina State Univ. 8/21 $3,842,545.82 3/01/35 5.301% S/A
RURAL UTILITIES SERVICE
Dunn Electric Coop. #861 8/03 $600,000.00 12/31/36 5.052% Qtr.
Dairyland Power #2262 8/04 $118,439,000.00 12/31/40 5.033% Qtr.
Harrison County Rural #2184 8/04 $1,000,000.00 1/03/39 5.038% Qtr.
Wilkes Tele. & Elec. #851 8/04 $409,000.00 12/31/18 4.930% Qtr.
Kamo Electric #2162 8/08 $3,558,000.00 1/03/39 5.002% Qtr.
Central Iowa Power Coop. #2240 8/10 $2,400,000.00 12/31/35 5.029% Qtr.
Central Virginia Elec. #2126 8/10 $1,500,000.00 1/03/39 5.038% Qtr.
Kotzebue Electric #2155 8/14 $81,500.00 12/31/30 5.089% Qtr.
Mid-Carolina Elec. #2108 8/18 $1,325,000.00 12/31/37 4.988% Qtr.
Craighead Electric Coop #2026 8/22 $140,000.00 12/31/36 4.949% Qtr.
East Kentucky Power #2258 8/23 $15,000,000.00 1/02/35 4.945% Qtr.
Dairyland Power #2139 8/24 $4,960,000.00 1/02/24 4.891% Qtr.
Dairyland Power #2217 8/24 $7,076,000.00 1/03/33 4.946% Qtr.
Dairyland Power #2218 8/24 $5,683,000.00 12/31/36 4.941% Qtr.
East Kentucky Power #2258 8/25 $15,000,000.00 1/02/35 4.936% Qtr.
Meriwether Lewis Elec. #2006 8/25 $5,000,000.00 12/31/36 4.932% Qtr.
Sho-Me Power #2160 8/28 $2,500,000.00 12/31/37 4.921% Qtr.
Tri-State #2052 8/28 $4,022,000.00 1/03/34 4.927% Qtr.
Tri-State #2172 8/28 $3,637,000.00 12/31/35 4.924% Qtr.
Tri-State #2247 8/28 $4,199,000.00 12/31/35 4.924% Qtr.
East Kentucky Power #2258 8/29 $23,000,000.00 1/02/35 4.928% Qtr.
South Texas Electric #845 8/29 $3,920,000.00 12/31/24 4.888% Qtr.
Sioux Val.-Southwestern #2198 8/29 $3,000,000.00 12/31/35 4.927% Qtr.
DEPARTMENT OF VETERANS AFFAIRS
St. Leo Residence 8/15 $77,481.00 7/17/45 5.132% S/A
St. Leo Residence 8/30 $113,723.00 7/17/45 4.940% 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 August 31, 2006 July 31, 2006 8/01/06- 8/31/06 10/01/05- 8/31/06
Agency Debt
U.S. Postal Service $0.0 $0.0 $0.0 $0.0
National Credit Union Adm.-CLF        $2.1        $2.1        $0.0        $2.1
Subtotal* $2.1 $2.1 $0.0 $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 $1,034.8 $1,068.5 -$33.7 -$209.7
DoEd-HBCU+ $150.2 $145.3 $4.8 $24.6
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+ $2,146.0 $2,144.1 $2.0 $2.3
DOI-Virgin Islands $3.2 $3.2 $0.0 -$2.3
DON-Ship Lease Financing $170.6 $170.6 $0.0 -$205.1
Rural Utilities Service $19,237.4 $19,010.9 $226.4 $1,151.4
Rural Utilities Service-GETP $2,000.0 $2,000.0 $0.0 $1,550.0
SBA-State/Local Development Cos. $27.0 $27.8 -$0.8 -$12.7
DOT-Section 511 $2.5 $2.5 $0.0 -$0.2
VA Homeless Veterans Housing        $2.4        $2.2        $0.2        $2.4
Subtotal* $25,658.1 $25,459.2 $199.0 $2,212.7
========= ========= ========= =========
Grand total* $29,764.1 $29,565.1 $199.0 $2,048.4
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest