June 2007 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of May 2007. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $30.1 billion on May 31, 2007, posting an increase of $342.9 million from the level on April 30, 2007. This net change was the result of an increase in net holdings of government-guaranteed loans of $342.9 million. The FFB made 34 disbursements and received 6 prepayments during the month of May. The FFB also reset the interest rate for one loan guaranteed by the Department of Education and as authorized by public law, extended the maturities of 119 loans guaranteed by the Rural Utilities Service (“RUS”) during the month. Attached to this release are tables presenting FFB May loan activity and FFB holdings as of May 31, 2007.
|
FEDERAL FINANCING BANK
MAY 2007 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco OB | 5/16 | $164,976.97 | 2/01/35 | 5.020% | S/A |
| San Francisco Bldg Lease | 5/24 | $278,755.96 | 8/01/35 | 5.157% | S/A |
| San Francisco OB | 5/29 | $73,913.39 | 2/01/35 | 5.156% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Tuskegee Univ. | 5/01 | $2,000,000.00 | 11/01/07 | 5.033% | S/A |
| Tuskegee Univ. | 5/25 | $665,404.84 | 11/02/15 | 4.813% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Sequachee Valley Elec. #2048 | 5/01 | $2,647,000.00 | 1/03/33 | 4.789% | Qtr. |
| Red River Rural Tel. #2113 | 5/03 | $275,000.00 | 1/03/23 | 4.693% | Qtr. |
| Associated Electric #2306 | 5/04 | $141,717,000.00 | 12/31/35 | 4.824% | Qtr. |
| Brazos Electric #2086 | 5/09 | $5,000,000.00 | 10/01/07 | 4.959% | Qtr. |
| Brazos Electric #2086 | 5/09 | $5,000,000.00 | 10/01/07 | 4.959% | Qtr. |
| Brazos Electric #2086 | 5/09 | $5,000,000.00 | 10/01/07 | 4.959% | Qtr. |
| Brazos Electric #2086 | 5/09 | $5,000,000.00 | 10/01/07 | 4.959% | Qtr. |
| Brazos Electric #2086 | 5/09 | $5,000,000.00 | 10/01/07 | 4.959% | Qtr. |
| Brazos Electric #2086 | 5/09 | $3,531,000.00 | 10/01/07 | 4.959% | Qtr. |
| Central Iowa Power Coop #2240 | 5/10 | $2,100,000.00 | 12/31/35 | 4.798% | Qtr. |
| Piedmont Rural Tel. #2282 | 5/11 | $19,581,620.00 | 1/03/28 | 4.765% | Qtr. |
| Plumas-Sierra Elec. #2138 | 5/11 | $1,239,000.00 | 12/31/37 | 4.789% | Qtr. |
| North Western Elec Coop #880 | 5/15 | $444,000.00 | 12/31/36 | 4.844% | Qtr. |
| Petit Jean Electric #887 | 5/16 | $5,586,000.00 | 12/31/31 | 4.860% | Qtr. |
| Central Iowa Power Coop #2093 | 5/17 | $2,200,000.00 | 1/03/34 | 4.834% | Qtr. |
| Consolidated Elec. #2072 | 5/17 | $139,000.00 | 1/03/23 | 4.754% | Qtr. |
| Ponderosa Tele. #517 | 5/17 | $3,378,000.00 | 1/03/12 | 4.765% | Qtr. |
| Scott County Telephone #2175 | 5/17 | $250,000.00 | 12/31/20 | 4.707% | Qtr. |
| Citizens Telephone of NY #2290 | 5/18 | $42,410.00 | 1/03/23 | 4.804% | Qtr. |
| Cumberland Valley #2118 | 5/21 | $1,106,000.00 | 10/01/07 | 4.891% | Qtr. |
| Tri-State #756A | 5/21 | $23,146,000.00 | 12/31/25 | 4.900% | Qtr. |
| Tri-State #2299 | 5/21 | $62,400,000.00 | 1/02/35 | 4.947% | Qtr. |
| Citizens Telephone of NY #2290 | 5/23 | $477,224.82 | 1/03/23 | 4.877% | Qtr. |
| Medina Electric #2250 | 5/23 | $1,990,000.00 | 6/30/14 | 4.748% | Qtr. |
| Hancock Rural Tel. Corp. #2252 | 5/25 | $561,000.00 | 1/03/23 | 4.902% | Qtr. |
| Associated Electric #2288 | 5/29 | $30,682,000.00 | 12/31/25 | 4.956% | Qtr. |
| Arkansas Valley Elec. #2292 | 5/30 | $4,000,000.00 | 12/31/40 | 4.996% | Qtr. |
| Dairyland Power #2262 | 5/31 | $3,916,000.00 | 12/31/40 | 4.997% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $215,855,187.40 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $4,119,357.14 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $4,190,253.83 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $2,511,079.76 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $1,569,080.85 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $1,534,942.84 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $2,590,483.73 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $7,684,563.18 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $3,410,424.70 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $5,992,603.45 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $10,856,888.51 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $2,947,571.31 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $1,728,720.29 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $14,677,432.12 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $1,723,650.99 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $4,174,476.96 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $12,025,556.19 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $3,206,222.40 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $5,202,066.28 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $14,989,983.72 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $4,224,444.23 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $7,846,766.23 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $15,760,035.23 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $4,201,985.03 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $2,854,348.24 | 12/31/35 | 5.488% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $4,809,541.26 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $6,652,372.96 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $11,063,554.81 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $22,111,073.49 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $5,476,062.90 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $4,840,128.85 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $25,239,756.95 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $9,601,497.45 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $5,958,507.14 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $17,792,848.88 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $4,781,557.17 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $6,316,620.63 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $1,028,350.18 | 12/31/35 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $20,752,262.07 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $5,079,074.80 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $7,413,884.65 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $23,733,591.59 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $5,258,783.54 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $6,475,168.50 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $24,663,146.60 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $3,848,595.52 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $8,673,962.81 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $18,323,993.37 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $8,408,980.18 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $7,578,088.88 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $5,693,609.84 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $5,300,363.83 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $19,867,378.23 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $3,234,764.95 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $17,693,752.76 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $2,160,154.26 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $2,006,906.01 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $14,050,581.66 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $3,820,497.80 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $2,530,512.80 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $12,128,607.51 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $1,995,084.74 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $782,861.84 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $2,402,987.01 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $9,950,546.48 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $1,878,665.19 | 1/03/39 | 5.487% | Qtr. |
| *N. Carolina Elec. #921 | 5/31 | $5,609,119.85 | 1/03/39 | 5.487% | Qtr. |
| N. Carolina Elec. #2260 | 5/31 | $13,127,000.00 | 12/31/26 | 4.980% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $33,869,385.19 | 12/31/29 | 5.629% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $3,235,574.30 | 12/31/29 | 5.586% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $564,080.88 | 12/31/29 | 5.592% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $1,204,997.73 | 12/31/29 | 5.550% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $1,030,031.73 | 12/31/29 | 5.663% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $1,160,598.27 | 12/31/29 | 5.663% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $9,054,346.49 | 12/31/29 | 5.663% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $1,717,903.94 | 12/31/30 | 5.550% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $10,543,144.84 | 12/31/31 | 5.663% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $796,586.42 | 12/31/31 | 5.663% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $618,861.47 | 12/31/31 | 5.663% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $1,024,777.98 | 12/31/31 | 5.663% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $6,190,578.44 | 12/31/31 | 5.708% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $8,897,687.61 | 12/31/31 | 5.508% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $10,890,003.90 | 12/31/31 | 5.729% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $7,058,240.77 | 12/31/31 | 5.757% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $8,526,954.48 | 12/31/31 | 5.757% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $5,959,455.94 | 1/02/35 | 5.508% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $2,754,369.81 | 1/03/34 | 5.702% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $11,465,145.56 | 1/02/35 | 5.729% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $350,857.78 | 1/02/35 | 5.757% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $4,336,785.55 | 1/02/35 | 5.757% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $152,979.68 | 1/02/35 | 5.838% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $10,726,693.53 | 12/31/37 | 5.580% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $9,245,327.41 | 1/03/34 | 5.824% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $6,763,896.79 | 12/31/37 | 5.805% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $11,652,821.88 | 12/31/37 | 5.766% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $13,641,925.59 | 1/03/34 | 5.824% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $40,238,781.34 | 12/31/37 | 5.056% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $17,518,143.57 | 12/31/37 | 5.166% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $9,830,632.52 | 12/31/37 | 5.056% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $16,510,967.95 | 12/31/37 | 5.056% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $4,978,216.44 | 12/31/37 | 5.166% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $21,753,306.53 | 12/31/37 | 5.166% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $674,955.27 | 12/31/37 | 5.033% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $1,192,701.17 | 12/31/29 | 5.788% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $1,169,363.78 | 12/31/29 | 5.788% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $509,051.14 | 12/31/29 | 5.788% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $481,533.83 | 12/31/29 | 5.970% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $13,602,070.89 | 12/31/29 | 5.788% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $18,762.11 | 12/31/30 | 5.970% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $10,338.50 | 12/31/30 | 5.970% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $29,197.21 | 12/31/30 | 5.970% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $1,968,619.65 | 12/31/30 | 5.913% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $21,742,377.49 | 12/31/31 | 5.913% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $17,101,748.11 | 12/31/31 | 5.913% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $6,825,890.30 | 1/02/35 | 5.893% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $20,521,462.31 | 12/31/37 | 4.869% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $13,001,144.01 | 12/31/37 | 5.604% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $11,412,698.58 | 12/31/37 | 4.779% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $12,825,412.61 | 12/31/37 | 4.948% | Qtr. |
| *Oglethorpe Power #445 | 5/31 | $10,966,769.45 | 12/31/37 | 4.948% | Qtr. |
| Powell Valley Elec Coop #2165 | 5/31 | $6,370,000.00 | 1/03/33 | 4.988% | Qtr. |
FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | May 31, 2007 | April 30, 2007 | 5/01/07- 5/31/07 | 10/01/06- 5/31/07 |
| Agency Debt | ||||
| U.S. Postal Service | $0.0 | $0.0 | $0.0 | -$2,100.0 |
| 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* | $0.0 | $0.0 | $0.0 | -$2,100.0 |
| 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 | $917.5 | $930.4 | -$12.9 | -$106.5 |
| DoEd-HBCU+ | $159.4 | $158.9 | $0.5 | $5.0 |
| DHUD-Public Housing Notes | $790.6 | $790.6 | $0.0 | -$93.3 |
| General Services Administration+ | $2,132.8 | $2,132.3 | $0.5 | -$14.6 |
| DOI-Virgin Islands | $1.5 | $1.5 | $0.0 | -$1.7 |
| DON-Ship Lease Financing | $142.8 | $142.8 | $0.0 | -$27.8 |
| Rural Utilities Service | $20,000.0 | $19,644.1 | $355.9 | $633.1 |
| Rural Utilities Service-GETP | $2,000.0 | $2,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $20.1 | $21.1 | -$1.0 | -$6.4 |
| DOT-Section 511 | $2.4 | $2.4 | $0.0 | -$0.1 |
| VA Homeless Veterans Housing+ | $4.1 | $4.1 | $0.0 | $1.7 |
| Subtotal* | $26,171.1 | $25,828.2 | $342.9 | $389.3 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $30,087.7 | $29,744.7 | $342.9 | -$1,710.7 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |