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MARCH 2007 NEWS RELEASE

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

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $29.7 billion on February 28, 2007, posting a decrease of $352.5 million from the level on January 31, 2007. This net change was the result of a decrease in net holdings of agency debt (U.S. Postal Service) of $427.0 million and an increase in net holdings of government-guaranteed loans of $74.5 million. The FFB made 26 disbursements and received 1 prepayment during the month of February.
 
Attached to this release are tables presenting FFB February loan activity and FFB holdings as of February 28, 2007.

 

FEDERAL FINANCING BANK
FEBRUARY 2007 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 2/02 $960,149.62 8/01/35 5.098% S/A
San Francisco OB 2/08 $27,450.36 2/01/35 5.016% S/A
DEPARTMENT OF EDUCATION
South Carolina State Univ. 2/20 $1,049,930.71 3/01/35 4.980% S/A
South Carolina State Univ. 2/21 $514,338.68 3/01/35 5.038% S/A
RURAL UTILITIES SERVICE
Scott County Telephone #2175 2/01 $293,000.00 12/31/20 4.849% Qtr.
Whitewater Valley Rural #2189 2/01 $590,000.00 1/03/39 4.926% Qtr.
Dairyland Power #2262 2/02 $4,879,000.00 12/31/40 4.929% Qtr.
South Miss. Elec. #2246 2/02 $14,000,000.00 12/31/35 4.941% Qtr.
White River Valley Elec. #2275 2/02 $5,000,000.00 12/31/40 4.929% Qtr.
Farmer's Rural Elec. #2046 2/05 $1,000,000.00 12/31/37 4.929% Qtr.
Tri-State #2052 2/05 $4,667,000.00 1/03/34 4.940% Qtr.
Tri-State #2172 2/05 $1,434,000.00 12/31/35 4.935% Qtr.
Tri-State #2247 2/05 $2,395,000.00 12/31/35 4.935% Qtr.
Kamo Electric #2162 2/06 $9,950,000.00 1/03/39 4.909% Qtr.
Medina Electric #2250 2/06 $690,000.00 3/31/17 4.786% Qtr.
Ellerby Telephone #635 2/08 $63,000.00 12/31/19 4.746% Qtr.
Southeast Colorado Power #2146 2/08 $2,929,000.00 12/31/37 4.855% Qtr.
Central Georgia Elec. #2117 2/09 $2,525,000.00 1/03/33 4.849% Qtr.
Cornbelt Power #2054 2/09 $1,293,000.00 1/03/33 4.835% Qtr.
Central Iowa Power Coop #2240 2/12 $2,000,000.00 12/31/35 4.886% Qtr.
South Miss. Elec. #2246 2/15 $5,642,000.00 12/31/35 4.852% Qtr.
Associated Electric #2288 2/16 $34,377,000.00 12/31/25 4.799% Qtr.
Whitewater Valley Rural #2189 2/16 $1,484,000.00 1/03/39 4.814% Qtr.
Clark Energy Coop. #2087 2/23 $1,500,000.00 6/30/14 4.699% Qtr.
North Georgia Elec. #2135 2/23 $10,282,000.00 12/31/37 4.847% Qtr.
DEPARTMENT OF VETERANS AFFAIRS
St. Leo Residence 2/12 $96,555.50 7/17/45 4.860% 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 February 28, 2007 January 31, 2007 2/01/07- 2/28/07 10/01/06- 2/28/07
Agency Debt
U.S. Postal Service $0.0 $427.0 -$427.0 -$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 $427.0 -$427.0 -$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 $942.8 $976.5 -$33.7 -$81.1
DoEd-HBCU+ $159.3 $157.8 $1.6 $4.9
DHUD-Public Housing Notes $790.6 $790.6 $0.0 -$93.3
General Services Administration+ $2,138.2 $2,138.0 $0.2 -$9.2
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 $19,567.1 $19,460.1 $107.0 $200.3
Rural Utilities Service-GETP $2,000.0 $2,000.0 $0.0 $0.0
SBA-State/Local Development Cos. $22.5 $23.2 -$0.7 -$4.0
DOT-Section 511 $2.4 $2.4 $0.0 -$0.1
VA Homeless Veterans Housing+        $3.5        $3.4        $0.1        $1.1
Subtotal* $25,771.0 $25,696.5 $74.5 -$10.9
========= ========= ========= =========
Grand total* $29,687.5 $30,040.0 -$352.5 -$2,110.9
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* figures may not total due to rounding
+ does not include capitalized interest