Banner Image: Federal Financing Bank (FFB)
Header: Home page


FEBRUARY 2007 NEWS RELEASE

Gary H. Burner, Manager, Federal Financing Bank (FFB) announced the following activity for the month of January 2007.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $30.0 billion on January 31, 2007, posting a decrease of $263.6 million from the level on December 31, 2006. This net change was the result of decreases in net holdings of agency debt of $148.0 million and in net holdings of government-guaranteed loans of $115.6 million. The FFB made 24 disbursements and received 7 prepayments during the month of January. The FFB also extended the maturities of 168 loans guaranteed by the Rural Utilities Service (“RUS”), and reset the interest rate on one loan guaranteed by the Department of Education.

Attached to this release are tables presenting FFB January loan activity and FFB holdings as of January 31, 2007.

 

FEDERAL FINANCING BANK
JANUARY 2007 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 1/31 $427,000,000.00 2/01/07 5.122% S/A
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 1/12 $1,285,659.70 8/01/35 4.989% S/A
San Francisco OB 1/17 $196,468.41 2/01/35 5.011% S/A
DEPARTMENT OF EDUCATION
*Clark Atlanta University 1/02 $13,006,385.32 7/02/07 5.089% S/A
RURAL UTILITIES SERVICE
*Atlantic Telephone Mem. #805 1/02 $4,951,590.04 4/02/07 5.023% Qtr.
*Atlantic Telephone Mem. #805 1/02 $4,687,406.23 4/02/07 5.023% Qtr.
*Atlantic Telephone Mem. #805 1/02 $1,700,531.02 4/02/07 5.023% Qtr.
*Atlantic Telephone Mem. #805 1/02 $7,043,240.12 4/02/07 5.023% Qtr.
*Blue Grass Energy #674 1/02 $4,540,776.30 4/02/07 5.023% Qtr.
*Blue Grass Energy #674 1/02 $1,814,051.87 4/02/07 5.023% Qtr.
*Blue Grass Energy #674 1/02 $4,622,583.69 4/02/07 5.023% Qtr.
*Blue Grass Energy #674 1/02 $4,718,244.69 4/02/07 5.023% Qtr.
*Blue Grass Energy #674 1/02 $2,743,703.21 4/02/07 5.023% Qtr.
*Brazos Electric #2086 1/02 $5,027,631.69 4/02/07 5.023% Qtr.
*Brazos Electric #2086 1/02 $5,000,000.00 4/02/07 5.023% Qtr.
*Brazos Electric #2086 1/02 $1,885,000.00 4/02/07 5.023% Qtr.
*Brazos Electric #2182 1/02 $1,405,615.12 4/02/07 5.023% Qtr.
*Brazos Electric #2182 1/02 $3,334,000.00 4/02/07 5.023% Qtr.
*Central Elec. Power #624 1/02 $2,945,238.00 12/31/13 4.678% Qtr.
*Central Elec. Power #331 1/02 $1,792,869.60 12/31/19 4.839% Qtr.
*Citizens Tel (VA) #680 1/02 $1,215,703.93 4/02/07 5.023% Qtr.
*Citizens Tel (VA) #680 1/02 $598,206.63 4/02/07 5.023% Qtr.
*Citizens Tel (VA) #680 1/02 $517,353.41 4/02/07 5.023% Qtr.
*Citizens Tel (VA) #680 1/02 $200,883.75 4/02/07 5.023% Qtr.
*Citizens Tel (VA) #680 1/02 $418,170.51 4/02/07 5.023% Qtr.
*Citizens Tel (VA) #680 1/02 $208,947.90 4/02/07 5.023% Qtr.
*Cumberland Valley #668 1/02 $3,787,053.37 4/02/07 5.023% Qtr.
*Cumberland Valley #668 1/02 $4,548,245.70 4/02/07 5.023% Qtr.
*Cumberland Valley #2118 1/02 $2,161,001.79 4/02/07 5.023% Qtr.
*Cumberland Valley #2118 1/02 $1,964,547.08 4/02/07 5.023% Qtr.
*Cumberland Valley #2118 1/02 $2,939,432.60 4/02/07 5.023% Qtr.
*Cumberland Valley #2118 1/02 $2,000,000.00 4/02/07 5.023% Qtr.
*Cooper Valley Tel. #648 1/02 $817,839.98 4/02/07 5.023% Qtr.
*Cooper Valley Tel. #648 1/02 $186,098.77 4/02/07 5.023% Qtr.
*Coop. Power Assoc. #070 1/02 $603,642.85 4/02/07 5.148% Qtr.
*Coop. Power Assoc. #130 1/02 $2,106,364.86 4/02/07 5.148% Qtr.
*Coop. Power Assoc. #156 1/02 $787,465.96 4/02/07 5.148% Qtr.
*Darien Telephone Co. #719 1/02 $393,971.10 12/31/15 4.690% Qtr.
*Duck River E.M.C. #656 1/02 $5,900,401.80 1/02/35 4.823% Qtr.
*Fairfield Elec. #684 1/02 $2,915,794.97 4/02/07 5.023% Qtr.
*Fairfield Elec. #684 1/02 $85,509.90 4/02/07 5.023% Qtr.
*Farmer's Telephone #459 1/02 $16,981.40 4/02/07 5.148% Qtr.
*Farmer's Telephone #459 1/02 $154,972.69 4/02/07 5.148% Qtr.
*Fleming-Mason Energy #644 1/02 $2,293,760.79 4/02/07 5.023% Qtr.
*Fleming-Mason Energy #644 1/02 $1,235,101.92 4/02/07 5.023% Qtr.
*Fleming-Mason Energy #644 1/02 $1,323,323.53 4/02/07 5.023% Qtr.
*Fleming-Mason Energy #644 1/02 $1,940,874.50 4/02/07 5.023% Qtr.
*Fleming-Mason Energy #644 1/02 $1,235,101.92 4/02/07 5.023% Qtr.
*Fleming-Mason Energy #644 1/02 $2,676,254.41 4/02/07 5.023% Qtr.
*Fleming-Mason Energy #644 1/02 $2,652,191.11 4/02/07 5.023% Qtr.
*Fleming-Mason Energy #644 1/02 $2,802,329.98 4/02/07 5.023% Qtr.
*Fleming-Mason Energy #644 1/02 $2,326,988.21 4/02/07 5.023% Qtr.
*Farmers Telephone #399 1/02 $3,893,186.93 4/02/07 5.148% Qtr.
*Farmers Telephone #399 1/02 $2,748,046.91 4/02/07 5.148% Qtr.
*Farmers Telephone #399 1/02 $1,865,261.26 4/02/07 5.148% Qtr.
*Farmers Telephone #399 1/02 $1,476,445.96 4/02/07 5.148% Qtr.
*Farmers Telephone #399 1/02 $1,944,999.38 4/02/07 5.148% Qtr.
*Farmers Telephone #399 1/02 $1,635,385.32 4/02/07 5.148% Qtr.
*Farmers Telephone #476 1/02 $2,029,243.33 4/02/07 5.148% Qtr.
*Farmers Telephone #476 1/02 $2,829,617.24 4/02/07 5.148% Qtr.
*Farmers Telephone #476 1/02 $7,099,248.01 4/02/07 5.148% Qtr.
*Farmers Telephone #476 1/02 $5,288,433.03 4/02/07 5.148% Qtr.
*Farmers Telephone #476 1/02 $4,106,754.98 4/02/07 5.148% Qtr.
*Farmers Telephone #476 1/02 $3,668,852.25 4/02/07 5.148% Qtr.
*Farmers Telephone #476 1/02 $1,516,985.55 4/02/07 5.148% Qtr.
*Farmers Telephone #2203 1/02 $1,830,005.00 4/02/07 5.023% Qtr.
*Farmers Telephone #2203 1/02 $7,532,000.00 4/02/07 5.023% Qtr.
*FTC Communications #709 1/02 $5,465,848.70 4/02/07 5.023% Qtr.
*FTC Communications #709 1/02 $1,633,452.08 4/02/07 5.023% Qtr.
*FTC Communications #709 1/02 $2,104,934.00 4/02/07 5.023% Qtr.
*FTC Communications #709 1/02 $2,692,016.41 4/02/07 5.023% Qtr.
*FTC Communications #709 1/02 $948,666.54 4/02/07 5.023% Qtr.
*FTC Communications #709 1/02 $1,130,332.25 4/02/07 5.023% Qtr.
*FTC Communications #2101 1/02 $397,766.53 4/02/07 5.023% Qtr.
*FTC Communications #2101 1/02 $3,088,314.86 4/02/07 5.023% Qtr.
*FTC Communications #2101 1/02 $2,752,098.28 4/02/07 5.023% Qtr.
*Grayson Rural Elec. #619 1/02 $1,058,658.84 4/02/07 5.023% Qtr.
*Grayson Rural Elec. #619 1/02 $529,329.43 4/02/07 5.023% Qtr.
*Grayson Rural Elec. #619 1/02 $882,215.69 4/02/07 5.023% Qtr.
*Grayson Rural Elec. #619 1/02 $1,142,937.57 4/02/07 5.023% Qtr.
*Grayson Rural Elec. #619 1/02 $902,802.87 4/02/07 5.023% Qtr.
*Grayson Rural Elec. #619 1/02 $2,286,368.29 4/02/07 5.023% Qtr.
*Grayson Rural Elec. #619 1/02 $934,110.00 4/02/07 5.023% Qtr.
*Grayson Rural Elec. #619 1/02 $954,175.88 4/02/07 5.023% Qtr.
*Grayson Rural Elec. #619 1/02 $1,608,329.89 4/02/07 5.023% Qtr.
*Harrison County #532 1/02 $878,627.99 4/02/07 5.023% Qtr.
*Harrison County #532 1/02 $790,765.20 4/02/07 5.023% Qtr.
*Harrison County #532 1/02 $884,555.81 4/02/07 5.023% Qtr.
*Harrison County #532 1/02 $1,442,410.22 4/02/07 5.023% Qtr.
*Harrison County #532 1/02 $1,552,930.56 4/02/07 5.023% Qtr.
*East Central Energy #372 1/02 $165,269.72 12/31/26 4.935% Qtr.
*Hudson Valley Datanet #833 1/02 $4,411,223.05 4/02/07 5.023% Qtr.
*Hudson Valley Datanet #833 1/02 $3,214,800.00 4/02/07 5.023% Qtr.
*Hudson Valley Datanet #833 1/02 $1,764,489.22 4/02/07 5.023% Qtr.
*Inter-County Energy #592 1/02 $1,317,941.96 4/02/07 5.023% Qtr.
*Inter-County Energy #592 1/02 $1,757,255.99 4/02/07 5.023% Qtr.
*Inter-County Energy #592 1/02 $2,290,583.14 4/02/07 5.023% Qtr.
*Inter-County Energy #592 1/02 $194,969.66 4/02/07 5.023% Qtr.
*Inter-County Energy #850 1/02 $3,770,799.46 4/02/07 5.023% Qtr.
*Inter-County Energy #850 1/02 $1,885,399.72 4/02/07 5.023% Qtr.
*Inter-County Energy #850 1/02 $1,885,518.18 4/02/07 5.023% Qtr.
*Inter-County Energy #850 1/02 $3,345,211.65 4/02/07 5.023% Qtr.
*Inter-County Energy #850 1/02 $3,085,072.94 4/02/07 5.023% Qtr.
*Inter-County Energy #850 1/02 $3,557,314.23 4/02/07 5.023% Qtr.
*Inter-County Energy #850 1/02 $3,172,407.97 4/02/07 5.023% Qtr.
*Ironton Telephone Co. #888 1/02 $2,813,179.16 4/02/07 5.023% Qtr.
*Ironton Telephone Co. #2051 1/02 $2,732,190.34 4/02/07 5.023% Qtr.
*Kenergy Corp. #2068 1/02 $5,867,723.82 12/31/37 4.815% Qtr.
*Kenergy Corp. #2068 1/02 $4,889,769.84 12/31/37 4.815% Qtr.
*Kenergy Corp. #2068 1/02 $5,867,723.82 12/31/37 4.815% Qtr.
*Kenergy Corp. #2068 1/02 $4,258,780.72 12/31/37 4.815% Qtr.
*Licking Valley Elec. #522 1/02 $2,415,348.33 4/02/07 5.023% Qtr.
*Licking Valley Elec. #854 1/02 $1,897,708.91 4/02/07 5.023% Qtr.
*Licking Valley Elec. #854 1/02 $1,943,528.63 4/02/07 5.023% Qtr.
*Licking Valley Elec. #854 1/02 $1,979,086.17 4/02/07 5.023% Qtr.
*Lynches River Elec. #634 1/02 $451,489.95 1/03/17 4.686% Qtr.
*Medina Electric #622 1/02 $1,349,233.98 4/02/07 5.023% Qtr.
*Medina Electric #622 1/02 $1,355,358.75 4/02/07 5.023% Qtr.
*Medina Electric #622 1/02 $739,633.96 4/02/07 5.023% Qtr.
*Medina Electric #2050 1/02 $1,932,141.29 4/02/07 5.023% Qtr.
*Medina Electric #2050 1/02 $971,615.66 4/02/07 5.023% Qtr.
*Moundville Telephone #2159 1/02 $875,883.31 4/02/07 5.023% Qtr.
*Moundville Telephone #2159 1/02 $245,982.92 4/02/07 5.023% Qtr.
*Nolin Rural Elec. #528 1/02 $1,663,242.73 4/02/07 5.023% Qtr.
*Nolin Rural Elec. #577 1/02 $2,269,496.08 4/02/07 5.023% Qtr.
*Nolin Rural Elec. #577 1/02 $2,269,496.08 4/02/07 5.023% Qtr.
*Nolin Rural Elec. #840 1/02 $3,770,799.46 4/02/07 5.023% Qtr.
*Nolin Rural Elec. #840 1/02 $2,779,079.19 4/02/07 5.023% Qtr.
*Northstar Technology #811 1/02 $1,507,928.23 4/02/07 5.023% Qtr.
*Northstar Technology #811 1/02 $822,435.11 4/02/07 5.023% Qtr.
*OREGON-IDAHO #415 1/02 $2,611,538.48 1/02/18 4.815% Qtr.
*Owen Electric #2097 1/02 $3,437,548.02 12/31/37 4.815% Qtr.
*Pee Dee Elec. #547 1/02 $895,727.47 12/31/13 4.679% Qtr.
*Piedmont Rural Tel. #2002 1/02 $2,152,854.90 4/02/07 5.023% Qtr.
*Piedmont Rural Tel. #2002 1/02 $1,422,787.60 4/02/07 5.023% Qtr.
*PRTCommunications #798 1/02 $3,867,270.14 4/02/07 5.023% Qtr.
*PRTCommunications #798 1/02 $1,449,622.29 4/02/07 5.023% Qtr.
*PRTCommunications #798 1/02 $644,066.75 4/02/07 5.023% Qtr.
*PRTCommunications #798 1/02 $888,888.90 4/02/07 5.023% Qtr.
*San Miguel Electric #919 1/02 $5,751,370.57 4/02/07 5.023% Qtr.
*San Miguel Electric #919 1/02 $6,039,006.40 4/02/07 5.023% Qtr.
*Scenic Rivers Energy #677 1/02 $1,251,427.71 1/03/17 4.686% Qtr.
*Socorro Elec. #869 1/02 $2,658,605.49 12/31/36 4.817% Qtr.
*Sumter Elec. #485 1/02 $632,137.89 12/31/31 4.951% Qtr.
*Surry-Yadkin Elec. #534 1/02 $850,784.97 12/31/29 4.825% Qtr.
*Surry-Yadkin Elec. #534 1/02 $850,784.97 12/31/29 4.825% Qtr.
*Surry-Yadkin Elec. #534 1/02 $425,392.50 12/31/29 4.825% Qtr.
*Surry-Yadkin Elec. #534 1/02 $850,784.97 12/31/29 4.825% Qtr.
*Surry-Yadkin Elec. #534 1/02 $850,784.97 12/31/29 4.825% Qtr.
*Surry-Yadkin Elec. #534 1/02 $864,734.11 12/31/29 4.825% Qtr.
*Surry-Yadkin Elec. #534 1/02 $870,363.52 12/31/29 4.825% Qtr.
*Surry-Yadkin Elec. #534 1/02 $2,010,618.95 12/31/29 4.825% Qtr.
*Surry-Yadkin Elec. #852 1/02 $948,854.43 12/31/36 4.817% Qtr.
*Surry-Yadkin Elec. #852 1/02 $1,897,708.91 12/31/36 4.817% Qtr.
*Surry-Yadkin Elec. #852 1/02 $474,427.23 12/31/36 4.817% Qtr.
*Surry-Yadkin Elec. #852 1/02 $1,932,760.23 12/31/36 4.817% Qtr.
*Surry-Yadkin Elec. #852 1/02 $2,648,700.24 12/31/36 4.817% Qtr.
*Surry-Yadkin Elec. #852 1/02 $689,605.09 12/31/36 4.817% Qtr.
*Surry-Yadkin Elec. #852 1/02 $5,386,950.97 12/31/36 4.817% Qtr.
*Surry-Yadkin Elec. #852 1/02 $1,617,058.34 12/31/36 4.817% Qtr.
*United Farmers Tele. #392 1/02 $62,308.08 1/03/17 4.813% Qtr.
*United Farmers Tele. #392 1/02 $34,326.90 1/03/17 4.813% Qtr.
*Virgin Islands Tel. #2089 1/02 $59,662,122.98 4/02/07 5.023% Qtr.
Guthrie County Elec. #831 1/10 $1,999,000.00 12/31/36 4.749% Qtr.
Runestone Electric Ass. #886 1/11 $500,000.00 12/31/36 4.782% Qtr.
Jemez Mountains Elec. #2107 1/12 $2,000,000.00 12/31/37 4.832% Qtr.
N. Carolina Elec. #2260 1/12 $3,312,000.00 12/31/26 4.831% Qtr.
Seminole Electric #2253 1/12 $13,823,000.00 1/02/35 4.837% Qtr.
Medina Electric #2250 1/22 $3,000,000.00 1/03/40 4.864% Qtr.
Woodruff Electric Coop. #893 1/22 $6,000,000.00 12/31/36 4.872% Qtr.
Buckeye Power #2294 1/25 $69,921,000.00 12/31/37 4.905% Qtr.
Buckeye Power #2295 1/25 $19,920,000.00 12/31/37 4.905% Qtr.
Central Iowa Power Coop #2240 1/25 $2,600,000.00 12/31/35 4.909% Qtr.
Great River Energy #2267 1/26 $7,800,000.00 1/03/28 4.950% Qtr.
Great River Energy #2269 1/26 $11,000,000.00 12/31/25 4.937% Qtr.
Licking Valley Elec. #854 1/26 $4,780,000.00 7/02/07 5.144% Qtr.
Pineland Telephone #747 1/26 $4,734,000.00 12/31/19 4.868% Qtr.
M & A Electric #2283 1/29 $4,197,000.00 1/03/40 4.977% Qtr.
Whitewater Valley Rural #2189 1/30 $646,000.00 6/30/14 4.858% Qtr.
Whitewater Valley Rural #2189 1/30 $144,000.00 6/30/21 5.011% Qtr.
N. Carolina Elec. #2260 1/31 $2,658,000.00 12/31/26 4.973% Qtr.
N. Carolina Elec. #2260 1/31 $2,445,000.00 12/31/26 4.973% Qtr.
N. Carolina Elec. #2261 1/31 $6,020,000.00 1/03/12 4.878% Qtr.
RURAL UTILITIES SERVICE - GETP
*CFC 1/16 $50,000,000.00 1/17/12 4.732% Qtr.
*CFC 1/16 $100,000,000.00 1/15/08 5.028% Qtr.
*CFC 1/16 $100,000,000.00 1/15/08 5.028% Qtr.
*CFC 1/16 $125,000,000.00 1/18/11 4.746% Qtr.
*CFC 1/16 $125,000,000.00 1/18/11 4.746% Qtr.
*CFC 1/16 $150,000,000.00 1/17/12 4.732% Qtr.
*CFC 1/16 $150,000,000.00 1/17/12 4.732% Qtr.
*CFC 1/16 $100,000,000.00 1/17/17 4.746% Qtr.
*CFC 1/16 $100,000,000.00 1/17/17 4.746% Qtr.
DEPARTMENT OF VETERANS AFFAIRS
St. Leo Residence 1/23 $68,636.00 7/17/45 4.730% 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 January 31, 2007 December 31, 2006 1/01/07- 1/31/07 10/01/06- 1/31/07
Agency Debt
U.S. Postal Service $427.0 $575.0 -$148.0 -$1,673.0
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* $427.0 $575.0 -$148.0 -$1,673.0
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 $976.5 $988.7 -$12.2 -$47.4
DoEd-HBCU+ $157.8 $159.2 -$1.5 $3.4
DHUD-Public Housing Notes $790.6 $790.6 $0.0 -$93.3
General Services Administration+ $2,138.0 $2,146.8 -$8.8 -$9.4
DOI-Virgin Islands $1.5 $3.2 -$1.7 -$1.7
DON-Ship Lease Financing $142.8 $170.6 -$27.8 -$27.8
Rural Utilities Service $19,460.1 $19,523.1 -$63.0 $93.3
Rural Utilities Service-GETP $2,000.0 $2,000.0 $0.0 $0.0
SBA-State/Local Development Cos. $23.2 $23.9 -$0.7 -$3.3
DOT-Section 511 $2.4 $2.4 $0.0 -$0.1
VA Homeless Veterans Housing+        $3.4        $3.4        $0.1        $1.0
Subtotal* $25,696.5 $25,812.0 -$115.6 -$85.4
========= ========= ========= =========
Grand total* $30,040.0 $30,303.6 -$263.6 -$1,758.4
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest