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JANUARY 2007 NEWS RELEASE

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