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. |
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)
(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 |