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DECEMBER 2007 NEWS RELEASE

Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of November 2007.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $32.2 billion on November 30, 2007, posting an increase of $294.0 million from the level on October 31, 2007. This net change was the result of an increase in net holdings of agency debt (U.S. Postal Service) of $341.5 million and a decrease in net holdings of government-guaranteed loans of $47.5 million. The FFB made 55 disbursements and received 77 prepayments during the month of November.  The FFB also reset the interest rate for one loan guaranteed by the Department of Education during the month.
  

Attached to this release are tables presenting FFB November loan activity and FFB holdings as of November 30, 2007.


FEDERAL FINANCING BANK
NOVEMBER 2007 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 11/01 $400,000,000.00 11/02/07 4.153% S/A
U.S. Postal Service 11/01 $299,900,000.00 11/02/07 4.030% S/A
U.S. Postal Service 11/02 $1,600,000,000.00 11/05/07 4.133% S/A
U.S. Postal Service 11/02 $226,200,000.00 11/05/07 3.865% S/A
U.S. Postal Service 11/05 $1,800,000,000.00 11/06/07 4.030% S/A
U.S. Postal Service 11/05 $182,300,000.00 11/06/07 4.008% S/A
U.S. Postal Service 11/06 $1,350,000,000.00 11/07/07 3.865% S/A
U.S. Postal Service 11/06 $223,200,000.00 11/07/07 4.112% S/A
U.S. Postal Service 11/07 $1,100,000,000.00 11/08/07 4.008% S/A
U.S. Postal Service 11/07 $232,500,000.00 11/08/07 3.908% S/A
U.S. Postal Service 11/08 $900,000,000.00 11/09/07 4.112% S/A
U.S. Postal Service 11/08 $277,100,000.00 11/09/07 3.693% S/A
U.S. Postal Service 11/09 $500,000,000.00 1/31/08 3.661% S/A
U.S. Postal Service 11/09 $200,000,000.00 11/13/07 3.908% S/A
U.S. Postal Service 11/09 $310,600,000.00 11/13/07 3.559% S/A
U.S. Postal Service 11/13 $217,600,000.00 11/14/07 3.905% S/A
U.S. Postal Service 11/15 $163,000,000.00 11/16/07 3.887% S/A
U.S. Postal Service 11/16 $1,100,000,000.00 11/19/07 4.000% S/A
U.S. Postal Service 11/16 $200,100,000.00 11/19/07 3.937% S/A
U.S. Postal Service 11/19 $1,450,000,000.00 11/20/07 3.887% S/A
U.S. Postal Service 11/19 $48,300,000.00 11/20/07 3.916% S/A
U.S. Postal Service 11/20 $1,100,000,000.00 11/21/07 3.937% S/A
U.S. Postal Service 11/20 $105,800,000.00 11/21/07 3.774% S/A
U.S. Postal Service 11/21 $700,000,000.00 11/23/07 3.916% S/A
U.S. Postal Service 11/21 $288,400,000.00 11/23/07 3.672% S/A
U.S. Postal Service 11/23 $500,000,000.00 11/26/07 3.774% S/A
U.S. Postal Service 11/23 $264,100,000.00 11/26/07 3.804% S/A
U.S. Postal Service 11/26 $500,000,000.00 2/21/08 3.200% S/A
U.S. Postal Service 11/26 $55,800,000.00 11/27/07 3.722% S/A
U.S. Postal Service 11/30 $1,500,000,000.00 12/03/07 3.662% S/A
U.S. Postal Service 11/30 $65,900,000.00 12/03/07 3.794% S/A
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco OB 11/05 $3,926.67 2/01/35 4.685% S/A
San Francisco OB 11/07 $46,063.10 2/01/35 4.742% S/A
Foley Services Contract 11/16 $102,721.11 7/31/25 4.428% S/A
Foley Services Contract 11/20 $827,880.22 7/31/25 4.332% S/A
San Francisco Bldg Lease 11/26 $539,235.54 8/01/35 4.470% S/A
San Francisco Bldg Lease 11/29 $135,286.50 8/01/35 4.468% S/A
DEPARTMENT OF EDUCATION
*Tuskegee Univ. 11/01 $2,000,000.00 5/01/08 4.087% S/A
Allen University 11/07 $190,576.33 11/01/17 4.368% S/A
RURAL UTILITIES SERVICE
East Kentucky Power #2322 11/01 $50,000,000.00 12/31/40 4.696% Qtr.
Tri-County Elec. Coop. #2280 11/05 $2,267,000.00 12/31/35 4.537% Qtr.
Citizens Telephone of NY #2290 11/06 $47,000.00 1/03/23 4.337% Qtr.
Seminole Electric #2325 11/07 $1,497,000.00 12/31/36 4.598% Qtr.
East Kentucky Power #2322 11/08 $25,000,000.00 12/31/40 4.611% Qtr.
Mohave Electric #2305 11/09 $2,600,000.00 1/03/39 4.587% Qtr.
Wilkes Tele. & Elec. #851 11/13 $500,000.00 12/31/18 3.985% Qtr.
East Kentucky Power #2322 11/14 $50,000,000.00 12/31/40 4.544% Qtr.
Associated Electric #2288 11/16 $54,500,000.00 12/31/25 4.289% Qtr.
Cornbelt Power #2054 11/16 $519,000.00 1/03/33 4.368% Qtr.
Cornbelt Power #2241 11/16 $1,380,000.00 1/03/40 4.419% Qtr.
Farmer's Telephone #459 11/19 $23,151.00 1/02/18 3.961% Qtr.
Hancock Rural Tel. Corp. #2252 11/23 $1,622,653.00 1/03/23 3.989% Qtr.
TRANSCO #2323 11/26 $7,639,000.00 12/31/35 4.325% Qtr.
BARC Electric #2151 11/29 $2,300,000.00 12/31/37 4.332% Qtr.
Kansas Elec. Power #2320 11/29 $3,062,000.00 12/31/20 3.903% Qtr.
Dairyland Power #2262 11/30 $2,924,000.00 12/31/40 4.277% Qtr.

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 November 30, 2007 October 31, 2007 11/01/07-11/30/07 10/01/07-11/30/07
Agency Debt
U.S. Postal Service $3,065.9 $2,724.4 $341.5 -$1,134.1
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* $3,065.9 $2,724.4 $341.5 -$1,134.1
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 $835.5 $836.2 -$0.7 -$1.0
DoEd-HBCU+ $313.8 $313.7 $0.0 $0.0
DHUD-Public Housing Notes $691.4 $790.6 -$99.2 -$99.2
General Services Administration+ $2,116.1 $2,114.5 $1.6 -$3.8
DOI-Virgin Islands $0.8 $0.8 $0.0 $0.0
DON-Ship Lease Financing $69.6 $69.6 $0.0 $0.0
Rural Utilities Service $18,693.2 $18,641.6 $51.6 -$494.0
Rural Utilities Service-GETP $2,500.0 $2,500.0 $0.0 $0.0
SBA-State/Local Development Cos. $15.4 $16.2 -$0.8 -$1.6
DOT-Section 511 $2.3 $2.3 $0.0 $0.0
VA Homeless Veterans Housing+        $4.9        $4.9        $0.0        $0.0
Subtotal* $25,243.0 $25,290.5 -$47.5 -$599.5
========= ========= ========= =========
Grand total* $32,225.5 $31,931.5 $294.0 -$1,733.6
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest