AUGUST 2007 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of July 2007. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $29.1 billion on July 31, 2007, posting a decrease of $1,179.5 million from the level on June 30, 2007. This net change was the result of a decrease in net holdings of government-guaranteed loans of $1,179.5 million. The FFB made 28 disbursements and received 339 prepayments during the month of July. The FFB also reset the interest rate for one loan guaranteed by the Department of Education and extended the maturities of 135 loans guaranteed by the Rural Utilities Service (“RUS”) during the month. Attached to this release are tables presenting FFB July loan activity and FFB holdings as of July 31, 2007 |
FEDERAL FINANCING BANK
JULY 2007 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 7/02 | $365,804.30 | 8/01/35 | 5.279% | S/A |
| San Francisco Bldg Lease | 7/11 | $136,475.37 | 8/01/35 | 5.282% | S/A |
| Foley Services Contract | 7/16 | $273,803.36 | 7/31/25 | 5.320% | S/A |
| San Francisco OB | 7/16 | $126,506.43 | 2/01/35 | 5.347% | S/A |
| Foley Services Contract | 7/17 | $117,236.63 | 7/31/25 | 5.263% | S/A |
| San Francisco OB | 7/17 | $74,530.24 | 2/01/35 | 5.291% | S/A |
| San Francisco OB | 7/17 | $55,680.72 | 2/01/35 | 5.291% | S/A |
| Foley Services Contract | 7/27 | $13,797.09 | 7/31/25 | 5.026% | S/A |
| Foley Services Contract | 7/27 | $59,667.80 | 7/31/25 | 5.026% | S/A |
| San Francisco OB | 7/30 | $87,556.61 | 2/01/35 | 5.091% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Clark Atlanta University | 7/02 | $12,886,385.32 | 1/02/08 | 4.934% | S/A |
| RURAL UTILITIES SERVICE | |||||
| *Blue Grass Energy #674 | 7/02 | $4,502,257.54 | 10/01/07 | 4.823% | Qtr. |
| *Blue Grass Energy #674 | 7/02 | $1,798,663.52 | 10/01/07 | 4.823% | Qtr. |
| *Blue Grass Energy #674 | 7/02 | $4,583,370.97 | 10/01/07 | 4.823% | Qtr. |
| *Blue Grass Energy #674 | 7/02 | $4,678,220.49 | 10/01/07 | 4.823% | Qtr. |
| *Blue Grass Energy #674 | 7/02 | $2,720,428.76 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2086 | 7/02 | $4,992,346.40 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2086 | 7/02 | $4,964,908.63 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2086 | 7/02 | $1,871,770.55 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2086 | 7/02 | $4,990,197.96 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2086 | 7/02 | $4,990,197.96 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2086 | 7/02 | $4,990,197.96 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2086 | 7/02 | $4,987,586.93 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2086 | 7/02 | $5,204,048.20 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2182 | 7/02 | $1,396,335.76 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2182 | 7/02 | $3,311,990.14 | 10/01/07 | 4.823% | Qtr. |
| *Brazos Electric #2182 | 7/02 | $2,847,010.63 | 10/01/07 | 4.823% | Qtr. |
| *Citizens Tel (VA) #680 | 7/02 | $1,161,327.44 | 10/01/07 | 4.823% | Qtr. |
| *Citizens Tel (VA) #680 | 7/02 | $571,449.81 | 10/01/07 | 4.823% | Qtr. |
| *Citizens Tel (VA) #680 | 7/02 | $494,213.01 | 10/01/07 | 4.823% | Qtr. |
| *Citizens Tel (VA) #680 | 7/02 | $191,898.54 | 10/01/07 | 4.823% | Qtr. |
| *Citizens Tel (VA) #680 | 7/02 | $399,466.41 | 10/01/07 | 4.823% | Qtr. |
| *Citizens Tel (VA) #680 | 7/02 | $199,601.99 | 10/01/07 | 4.823% | Qtr. |
| *Cumberland Valley #668 | 7/02 | $3,754,928.33 | 10/01/07 | 4.823% | Qtr. |
| *Cumberland Valley #668 | 7/02 | $4,509,663.57 | 10/01/07 | 4.823% | Qtr. |
| *Cumberland Valley #2118 | 7/02 | $2,145,835.29 | 10/01/07 | 4.823% | Qtr. |
| *Cumberland Valley #2118 | 7/02 | $1,950,759.35 | 10/01/07 | 4.823% | Qtr. |
| *Cumberland Valley #2118 | 7/02 | $2,918,802.85 | 10/01/07 | 4.823% | Qtr. |
| *Cumberland Valley #2118 | 7/02 | $1,985,963.45 | 10/01/07 | 4.823% | Qtr. |
| *Cooper Valley Tel. #648 | 7/02 | $795,122.20 | 10/01/07 | 4.823% | Qtr. |
| *Cooper Valley Tel. #648 | 7/02 | $180,929.35 | 10/01/07 | 4.823% | Qtr. |
| *Darien Telephone Co. #719 | 7/02 | $316,563.63 | 10/01/07 | 4.823% | Qtr. |
| *Fairfield Elec. #684 | 7/02 | $2,891,060.69 | 10/01/07 | 4.823% | Qtr. |
| *Fairfield Elec. #684 | 7/02 | $84,784.53 | 10/01/07 | 4.823% | Qtr. |
| *Farmer's Telephone #459 | 7/02 | $16,396.01 | 10/01/07 | 4.948% | Qtr. |
| *Farmer's Telephone #459 | 7/02 | $147,928.47 | 10/01/07 | 4.948% | Qtr. |
| *Fleming-Mason Energy #644 | 7/02 | $2,272,988.23 | 10/01/07 | 4.823% | Qtr. |
| *Fleming-Mason Energy #644 | 7/02 | $1,223,916.70 | 10/01/07 | 4.823% | Qtr. |
| *Fleming-Mason Energy #644 | 7/02 | $1,311,339.35 | 10/01/07 | 4.823% | Qtr. |
| *Fleming-Mason Energy #644 | 7/02 | $1,923,297.71 | 10/01/07 | 4.823% | Qtr. |
| *Fleming-Mason Energy #644 | 7/02 | $1,223,916.70 | 10/01/07 | 4.823% | Qtr. |
| *Fleming-Mason Energy #644 | 7/02 | $2,652,017.93 | 10/01/07 | 4.823% | Qtr. |
| *Fleming-Mason Energy #644 | 7/02 | $2,628,172.55 | 10/01/07 | 4.823% | Qtr. |
| *Fleming-Mason Energy #644 | 7/02 | $2,776,951.74 | 10/01/07 | 4.823% | Qtr. |
| *Fleming-Mason Energy #644 | 7/02 | $2,305,914.72 | 10/01/07 | 4.823% | Qtr. |
| *Farmers Telephone #399 | 7/02 | $3,805,075.49 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #399 | 7/02 | $2,685,852.53 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #399 | 7/02 | $1,823,046.27 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #399 | 7/02 | $1,443,030.72 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #399 | 7/02 | $1,900,979.74 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #399 | 7/02 | $1,598,372.93 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #399 | 7/02 | $158,594.10 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #476 | 7/02 | $1,924,931.91 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #476 | 7/02 | $2,684,163.33 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #476 | 7/02 | $6,734,317.59 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #476 | 7/02 | $5,016,585.92 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #476 | 7/02 | $3,895,650.95 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #476 | 7/02 | $3,480,258.21 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #476 | 7/02 | $1,439,006.28 | 10/01/07 | 4.948% | Qtr. |
| *Farmers Telephone #2203 | 7/02 | $1,788,179.58 | 10/01/07 | 4.823% | Qtr. |
| *Farmers Telephone #2203 | 7/02 | $7,359,853.45 | 10/01/07 | 4.823% | Qtr. |
| *Farmers Telephone #2203 | 7/02 | $4,323,575.15 | 10/01/07 | 4.823% | Qtr. |
| *FTC Communications #709 | 7/02 | $5,313,675.30 | 10/01/07 | 4.823% | Qtr. |
| *FTC Communications #709 | 7/02 | $1,587,975.53 | 10/01/07 | 4.823% | Qtr. |
| *FTC Communications #709 | 7/02 | $2,046,331.02 | 10/01/07 | 4.823% | Qtr. |
| *FTC Communications #709 | 7/02 | $2,617,068.61 | 10/01/07 | 4.823% | Qtr. |
| *FTC Communications #709 | 7/02 | $922,254.94 | 10/01/07 | 4.823% | Qtr. |
| *FTC Communications #709 | 7/02 | $1,098,862.94 | 10/01/07 | 4.823% | Qtr. |
| *FTC Communications #2101 | 7/02 | $386,692.41 | 10/01/07 | 4.823% | Qtr. |
| *FTC Communications #2101 | 7/02 | $3,002,333.82 | 10/01/07 | 4.823% | Qtr. |
| *FTC Communications #2101 | 7/02 | $2,675,477.76 | 10/01/07 | 4.823% | Qtr. |
| *FTC Communications #2101 | 7/02 | $2,769,766.73 | 10/01/07 | 4.823% | Qtr. |
| *Grayson Rural Elec. #619 | 7/02 | $1,049,071.50 | 10/01/07 | 4.823% | Qtr. |
| *Grayson Rural Elec. #619 | 7/02 | $524,535.76 | 10/01/07 | 4.823% | Qtr. |
| *Grayson Rural Elec. #619 | 7/02 | $874,226.24 | 10/01/07 | 4.823% | Qtr. |
| *Grayson Rural Elec. #619 | 7/02 | $1,132,586.99 | 10/01/07 | 4.823% | Qtr. |
| *Grayson Rural Elec. #619 | 7/02 | $894,626.98 | 10/01/07 | 4.823% | Qtr. |
| *Grayson Rural Elec. #619 | 7/02 | $2,265,662.66 | 10/01/07 | 4.823% | Qtr. |
| *Grayson Rural Elec. #619 | 7/02 | $925,650.59 | 10/01/07 | 4.823% | Qtr. |
| *Grayson Rural Elec. #619 | 7/02 | $945,534.75 | 10/01/07 | 4.823% | Qtr. |
| *Grayson Rural Elec. #619 | 7/02 | $1,593,764.66 | 10/01/07 | 4.823% | Qtr. |
| *Harrison County #532 | 7/02 | $870,671.02 | 10/01/07 | 4.823% | Qtr. |
| *Harrison County #532 | 7/02 | $783,603.94 | 10/01/07 | 4.823% | Qtr. |
| *Harrison County #532 | 7/02 | $876,545.17 | 10/01/07 | 4.823% | Qtr. |
| *Harrison County #532 | 7/02 | $1,429,347.59 | 10/01/07 | 4.823% | Qtr. |
| *Harrison County #532 | 7/02 | $1,538,867.04 | 10/01/07 | 4.823% | Qtr. |
| *Hudson Valley Datanet #833 | 7/02 | $4,317,367.25 | 10/01/07 | 4.823% | Qtr. |
| *Hudson Valley Datanet #833 | 7/02 | $3,146,400.00 | 10/01/07 | 4.823% | Qtr. |
| *Hudson Valley Datanet #833 | 7/02 | $4,345,794.42 | 10/01/07 | 4.823% | Qtr. |
| *Hudson Valley Datanet #833 | 7/02 | $1,726,946.90 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #592 | 7/02 | $1,306,006.52 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #592 | 7/02 | $1,741,342.08 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #592 | 7/02 | $2,269,839.35 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #592 | 7/02 | $193,203.99 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #850 | 7/02 | $3,742,638.04 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #850 | 7/02 | $1,871,319.01 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #850 | 7/02 | $1,871,436.59 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #850 | 7/02 | $3,320,228.64 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #850 | 7/02 | $3,062,032.72 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #850 | 7/02 | $3,530,747.17 | 10/01/07 | 4.823% | Qtr. |
| *Inter-County Energy #850 | 7/02 | $3,148,715.51 | 10/01/07 | 4.823% | Qtr. |
| *Ironton Telephone Co. #888 | 7/02 | $2,742,391.77 | 10/01/07 | 4.823% | Qtr. |
| *Ironton Telephone Co. #2051 | 7/02 | $2,669,745.16 | 10/01/07 | 4.823% | Qtr. |
| *Licking Valley Elec. #522 | 7/02 | $2,393,474.65 | 10/01/07 | 4.823% | Qtr. |
| *Licking Valley Elec. #854 | 7/02 | $1,883,536.26 | 10/01/07 | 4.823% | Qtr. |
| *Licking Valley Elec. #854 | 7/02 | $1,929,013.79 | 10/01/07 | 4.823% | Qtr. |
| *Licking Valley Elec. #854 | 7/02 | $1,964,305.78 | 10/01/07 | 4.823% | Qtr. |
| *Licking Valley Elec. #854 | 7/02 | $4,762,646.96 | 10/01/07 | 4.823% | Qtr. |
| *Medina Electric #622 | 7/02 | $1,337,015.16 | 10/01/07 | 4.823% | Qtr. |
| *Medina Electric #622 | 7/02 | $1,343,084.46 | 10/01/07 | 4.823% | Qtr. |
| *Medina Electric #622 | 7/02 | $732,935.75 | 10/01/07 | 4.823% | Qtr. |
| *Medina Electric #2050 | 7/02 | $1,918,581.00 | 10/01/07 | 4.823% | Qtr. |
| *Medina Electric #2050 | 7/02 | $964,796.60 | 10/01/07 | 4.823% | Qtr. |
| *Monitor Coop. Tele. #402 | 7/02 | $80,139.29 | 12/31/07 | 5.026% | Qtr. |
| *Moundville Telephone #2159 | 7/02 | $860,522.39 | 10/01/07 | 4.823% | Qtr. |
| *Moundville Telephone #2159 | 7/02 | $241,668.97 | 10/01/07 | 4.823% | Qtr. |
| *Mountain Parks Elec. #397 | 7/02 | $692,534.15 | 12/31/14 | 5.024% | Qtr. |
| *Navopache Electric #2021 | 7/02 | $9,007,633.56 | 6/30/08 | 4.884% | Qtr. |
| N. Carolina Elec. #2260 | 7/02 | $8,051,000.00 | 12/31/26 | 5.101% | Qtr. |
| *Nolin Rural Elec. #528 | 7/02 | $1,648,180.20 | 10/01/07 | 4.823% | Qtr. |
| *Nolin Rural Elec. #577 | 7/02 | $2,248,943.25 | 10/01/07 | 4.823% | Qtr. |
| *Nolin Rural Elec. #577 | 7/02 | $2,248,943.25 | 10/01/07 | 4.823% | Qtr. |
| *Nolin Rural Elec. #840 | 7/02 | $3,742,638.04 | 10/01/07 | 4.823% | Qtr. |
| *Nolin Rural Elec. #840 | 7/02 | $2,758,324.23 | 10/01/07 | 4.823% | Qtr. |
| *Northstar Technology #811 | 7/02 | $1,465,946.35 | 10/01/07 | 4.823% | Qtr. |
| *Northstar Technology #811 | 7/02 | $799,537.88 | 10/01/07 | 4.823% | Qtr. |
| *Piedmont Rural Tel. #2002 | 7/02 | $2,114,751.28 | 10/01/07 | 4.823% | Qtr. |
| *Piedmont Rural Tel. #2002 | 7/02 | $1,396,681.40 | 10/01/07 | 4.823% | Qtr. |
| *PRTCommunications #798 | 7/02 | $3,733,028.41 | 10/01/07 | 4.823% | Qtr. |
| *PRTCommunications #798 | 7/02 | $1,399,302.61 | 10/01/07 | 4.823% | Qtr. |
| *PRTCommunications #798 | 7/02 | $621,709.74 | 10/01/07 | 4.823% | Qtr. |
| *PRTCommunications #798 | 7/02 | $866,666.68 | 10/01/07 | 4.823% | Qtr. |
| *San Miguel Electric #919 | 7/02 | $5,525,863.31 | 10/01/07 | 4.823% | Qtr. |
| *San Miguel Electric #919 | 7/02 | $5,802,221.14 | 10/01/07 | 4.823% | Qtr. |
| *Sangre De Cristo Elec. #732 | 7/02 | $460,797.43 | 1/03/34 | 5.123% | Qtr. |
| *Shelby Energy Coop. #758 | 7/02 | $932,065.69 | 6/30/08 | 4.884% | Qtr. |
| *Virgin Islands Tel. #2089 | 7/02 | $58,001,083.88 | 10/01/07 | 4.823% | Qtr. |
| Tri-State #756A | 7/06 | $907,000.00 | 12/31/25 | 5.209% | Qtr. |
| Tri-State #2052 | 7/06 | $7,541,000.00 | 1/03/34 | 5.237% | Qtr. |
| Tri-State #2172 | 7/06 | $6,371,000.00 | 12/31/35 | 5.234% | Qtr. |
| Tri-State #2247 | 7/06 | $13,701,000.00 | 12/31/35 | 5.234% | Qtr. |
| Tri-State #2298 | 7/06 | $2,946,000.00 | 12/31/37 | 5.230% | Qtr. |
| N. Carolina Elec. #2260 | 7/10 | $8,482,000.00 | 12/31/26 | 5.226% | Qtr. |
| Kennebec Telephone #2293 | 7/11 | $182,000.00 | 12/31/25 | 5.070% | Qtr. |
| Wilkes Tele. & Elec. #851 | 7/16 | $600,000.00 | 12/31/18 | 5.042% | Qtr. |
| Concordia Electric #2221 | 7/17 | $435,000.00 | 1/02/35 | 5.133% | Qtr. |
| Cornbelt Power #2241 | 7/20 | $10,660,000.00 | 1/03/40 | 5.104% | Qtr. |
| Dairyland Power #2217 | 7/20 | $12,869,000.00 | 1/03/33 | 5.125% | Qtr. |
| Flint Elec. #2145 | 7/20 | $15,000,000.00 | 1/03/34 | 5.124% | Qtr. |
| N. Carolina Elec. #2260 | 7/20 | $1,556,000.00 | 12/31/26 | 5.106% | Qtr. |
| N. Carolina Elec. #2261 | 7/20 | $3,815,000.00 | 1/03/12 | 4.876% | Qtr. |
| Central Iowa Power Coop #2240 | 7/23 | $16,400,000.00 | 12/31/35 | 5.042% | Qtr. |
| Dairyland Power #2262 | 7/31 | $3,837,000.00 | 12/31/40 | 4.948% | Qtr. |
| N. Carolina Elec. #2260 | 7/31 | $23,625,000.00 | 12/31/26 | 4.916% | Qtr. |
FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | July 31, 2007 | June 30, 2007 | 7/01/07- 7/31/07 | 10/01/06- 7/31/07 |
| Agency Debt | ||||
| U.S. Postal Service | $0.0 | $0.0 | $0.0 | -$2,100.0 |
| National Credit Union Adm.-CLF | $0.0 | $0.0 | $0.0 | $0.0 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| Subtotal* | $0.0 | $0.0 | $0.0 | -$2,100.0 |
| 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 | $885.6 | $897.8 | -$12.2 | -$138.3 |
| DoEd-HBCU+ | $312.9 | $314.5 | -$1.5 | $158.5 |
| DHUD-Public Housing Notes | $790.6 | $790.6 | $0.0 | -$93.3 |
| General Services Administration+ | $2,122.0 | $2,131.9 | -$9.9 | -$25.4 |
| DOI-Virgin Islands | $0.8 | $1.5 | -$0.7 | -$2.4 |
| DON-Ship Lease Financing | $69.6 | $142.8 | -$73.2 | -$101.0 |
| Rural Utilities Service | $18,995.6 | $20,076.9 | -$1,081.3 | -$371.2 |
| Rural Utilities Service-GETP | $2,000.0 | $2,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $18.8 | $19.4 | -$0.6 | -$7.8 |
| DOT-Section 511 | $2.3 | $2.3 | $0.0 | -$0.2 |
| VA Homeless Veterans Housing+ | $4.1 | $4.1 | $0.0 | $1.7 |
| Subtotal* | $25,202.4 | $26,381.8 | -$1,179.5 | -$579.5 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $29,119.0 | $30,298.4 | -$1,179.5 | -$2,679.5 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |