Gary H. Burner, Manager, Federal Financing Bank (FFB) announced the following activity for the month of December 2006. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $30.3 billion on December 31, 2006, posting an increase of $680.0 million from the level on November 30, 2006. This net change was the result of increases in net holdings of agency debt of $575.0 million and in net holdings of government-guaranteed loans of $105.0 million. The FFB made 43 disbursements and received 7 prepayments during the month of December. Attached to this release are tables presenting FFB December loan activity and FFB holdings as of December 31, 2006. |
FEDERAL FINANCING BANK
DECEMBER 2006 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 12/01 | $241,500,000.00 | 12/04/06 | 5.354% | S/A |
| U.S. Postal Service | 12/04 | $300,000,000.00 | 12/05/06 | 5.357% | S/A |
| U.S. Postal Service | 12/04 | $160,700,000.00 | 12/05/06 | 5.282% | S/A |
| U.S. Postal Service | 12/05 | $63,900,000.00 | 12/06/06 | 5.000% | S/A |
| U.S. Postal Service | 12/29 | $250,000,000.00 | 1/02/07 | 4.867% | S/A |
| U.S. Postal Service | 12/29 | $325,000,000.00 | 1/03/07 | 4.854% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco OB | 12/14 | $179,649.19 | 2/01/35 | 4.851% | S/A |
| Foley Services Contract | 12/28 | $684,275.33 | 7/31/25 | 4.905% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| South Carolina State Univ. | 12/11 | $774,339.73 | 3/01/35 | 4.704% | S/A |
| Tuskegee Univ. | 12/11 | $103,842.11 | 1/02/32 | 4.706% | S/A |
| Harris Stowe State Univ. | 12/19 | $903,964.55 | 4/01/36 | 4.717% | S/A |
| Tuskegee Univ. | 12/29 | $587,036.42 | 1/02/32 | 4.850% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Central Iowa Power Coop #2240 | 12/01 | $4,000,000.00 | 12/31/35 | 4.568% | Qtr. |
| Central Virginia Elec. #2126 | 12/01 | $1,000,000.00 | 1/03/39 | 4.567% | Qtr. |
| South Miss. Elec. #2109 | 12/06 | $1,306,000.00 | 1/03/34 | 4.580% | Qtr. |
| Scott County Telephone #2175 | 12/06 | $250,000.00 | 12/31/20 | 4.466% | Qtr. |
| Wilkes Tele. & Elec. #851 | 12/06 | $650,000.00 | 12/31/18 | 4.427% | Qtr. |
| Great River Energy #2268 | 12/07 | $10,800,000.00 | 12/31/35 | 4.593% | Qtr. |
| Arkansas Elec. #2276 | 12/08 | $10,000,000.00 | 12/31/35 | 4.610% | Qtr. |
| Medina Electric #2250 | 12/14 | $2,000,000.00 | 1/03/17 | 4.554% | Qtr. |
| Darien Telephone Co. #719 | 12/15 | $330,597.00 | 4/02/07 | 4.983% | Qtr. |
| Wilkes Tele. & Elec. #851 | 12/18 | $291,000.00 | 12/31/18 | 4.586% | Qtr. |
| Associated Electric #894 | 12/20 | $2,266,000.00 | 1/03/33 | 4.732% | Qtr. |
| Associated Electric #894 | 12/20 | $3,408,000.00 | 1/03/33 | 4.732% | Qtr. |
| Citizens Telephone of NY #2289 | 12/21 | $2,241,776.79 | 1/03/23 | 4.658% | Qtr. |
| Dairyland Power #2262 | 12/22 | $6,873,000.00 | 12/31/40 | 4.684% | Qtr. |
| Decatur County #2188 | 12/22 | $1,180,000.00 | 12/31/36 | 4.690% | Qtr. |
| Fox Islands Elec. Coop. #2106 | 12/22 | $10,000.00 | 12/31/37 | 4.688% | Qtr. |
| Great River Energy #2270 | 12/22 | $2,900,000.00 | 12/31/35 | 4.678% | Qtr. |
| North Plains Elec. #837 | 12/22 | $4,814,000.00 | 12/31/36 | 4.690% | Qtr. |
| Oneida-Madison Elec. #2144 | 12/22 | $169,000.00 | 1/03/39 | 4.677% | Qtr. |
| Blackduck Telephone Co. #2215 | 12/26 | $163,000.00 | 1/03/22 | 4.668% | Qtr. |
| Hancock Rural Tel. Corp. #2252 | 12/26 | $2,100,000.00 | 1/03/23 | 4.686% | Qtr. |
| Sioux Val.-Southwestern #2198 | 12/26 | $2,000,000.00 | 12/31/35 | 4.759% | Qtr. |
| Cornbelt Power #2054 | 12/28 | $2,101,000.00 | 1/03/33 | 4.769% | Qtr. |
| Cornbelt Power #2241 | 12/28 | $4,191,000.00 | 1/03/40 | 4.765% | Qtr. |
| Georgia Trans. Corp. #2249 | 12/28 | $12,484,000.00 | 1/03/40 | 4.771% | Qtr. |
| Alabama Electric #2156 | 12/29 | $14,697,000.00 | 12/31/37 | 4.811% | Qtr. |
| Alabama Electric #2157 | 12/29 | $19,326,000.00 | 12/31/31 | 4.821% | Qtr. |
| Central Iowa Power Coop #2240 | 12/29 | $1,600,000.00 | 12/31/35 | 4.805% | Qtr. |
| Central Elec. Power #2285 | 12/29 | $9,404,000.00 | 1/03/12 | 4.669% | Qtr. |
| North Plains Elec. #837 | 12/29 | $1,857,000.00 | 12/31/36 | 4.813% | Qtr. |
| DEPARTMENT OF VETERANS AFFAIRS | |||||
| St. Leo Residence | 12/08 | $294,281.00 | 7/17/45 | 4.620% | 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 | December 31, 2006 | November 30, 2006 | 12/01/06-12/31/06 | 10/01/06-12/31/06 |
| Agency Debt | ||||
| U.S. Postal Service | $575.0 | $0.0 | $575.0 | -$1,525.0 |
| National Credit Union Adm.-CLF | $0.0 | $0.0 | $0.0 | $0.0 |
| Subtotal* | $575.0 | $0.0 | $575.0 | -$1,525.0 |
| 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 | $988.7 | $1,008.3 | -$19.6 | -$35.2 |
| DoEd-HBCU+ | $159.2 | $156.9 | $2.4 | $4.8 |
| DHUD-Community Dev. Block Grant | $0.0 | $0.0 | $0.0 | $0.0 |
| DHUD-Public Housing Notes | $790.6 | $790.6 | $0.0 | -$93.3 |
| General Services Administration+ | $2,146.8 | $2,148.0 | -$1.2 | -$0.6 |
| DOI-Virgin Islands | $3.2 | $3.2 | $0.0 | $0.0 |
| DON-Ship Lease Financing | $170.6 | $170.6 | $0.0 | $0.0 |
| Rural Utilities Service | $19,523.1 | $19,398.7 | $124.4 | $156.3 |
| Rural Utilities Service-GETP | $2,000.0 | $2,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $23.9 | $25.0 | -$1.2 | -$2.6 |
| DOT-Section 511 | $2.4 | $2.5 | -$0.1 | -$0.1 |
| VA Homeless Veterans Housing | $3.4 | $3.1 | $0.3 | $1.0 |
| Subtotal* | $25,812.0 | $25,707.0 | $105.0 | $30.2 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $30,303.6 | $29,623.6 | $680.0 | -$1,494.8 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |