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NOVEMBER 2007 NEWS RELEASE

Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of October 2007.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $31.9 billion on October 31, 2007, posting a decrease of $2,027.6 million from the level on September 30, 2007. This net change was the result of decreases in net holdings of agency debt (U.S. Postal Service) of $1,475.6 million and in net holdings of government-guaranteed loans of $552.0 million. The FFB made 68 disbursements and received 88 prepayments during the month of October.  The FFB also extended the maturities of 144 loans guaranteed by the Rural Utilities Service (“RUS”) during the month.   

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


FEDERAL FINANCING BANK
OCTOBER 2007 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 10/01 $1,600,000,000.00 10/02/07 3.407% S/A
U.S. Postal Service 10/01 $223,100,000.00 10/02/07 3.579% S/A
U.S. Postal Service 10/02 $1,100,000,000.00 10/03/07 3.528% S/A
U.S. Postal Service 10/02 $332,800,000.00 10/03/07 3.744% S/A
U.S. Postal Service 10/03 $900,000,000.00 10/04/07 3.579% S/A
U.S. Postal Service 10/03 $232,000,000.00 10/04/07 3.785% S/A
U.S. Postal Service 10/04 $600,000,000.00 10/05/07 3.744% S/A
U.S. Postal Service 10/04 $405,000,000.00 10/05/07 3.734% S/A
U.S. Postal Service 10/05 $1,750,000,000.00 10/09/07 3.785% S/A
U.S. Postal Service 10/05 $276,000,000.00 10/09/07 3.671% S/A
U.S. Postal Service 10/09 $2,100,000,000.00 10/10/07 3.734% S/A
U.S. Postal Service 10/09 $70,200,000.00 10/10/07 3.783% S/A
U.S. Postal Service 10/10 $1,700,000,000.00 10/11/07 3.671% S/A
U.S. Postal Service 10/10 $132,000,000.00 10/11/07 3.928% S/A
U.S. Postal Service 10/11 $1,400,000,000.00 10/12/07 3.783% S/A
U.S. Postal Service 10/11 $301,300,000.00 10/12/07 4.102% S/A
U.S. Postal Service 10/12 $1,200,000,000.00 10/15/07 3.928% S/A
U.S. Postal Service 10/12 $283,600,000.00 10/15/07 4.243% S/A
U.S. Postal Service 10/15 $1,000,000,000.00 10/16/07 4.102% S/A
U.S. Postal Service 10/15 $295,200,000.00 10/16/07 4.366% S/A
U.S. Postal Service 10/16 $700,000,000.00 10/17/07 4.243% S/A
U.S. Postal Service 10/16 $287,200,000.00 10/17/07 4.266% S/A
U.S. Postal Service 10/17 $500,000,000.00 10/18/07 4.366% S/A
U.S. Postal Service 10/17 $273,900,000.00 10/18/07 3.857% S/A
U.S. Postal Service 10/18 $300,000,000.00 10/19/07 4.266% S/A
U.S. Postal Service 10/18 $187,700,000.00 10/19/07 3.304% S/A
U.S. Postal Service 10/19 $1,600,000,000.00 10/22/07 3.857% S/A
U.S. Postal Service 10/19 $169,500,000.00 10/22/07 3.538% S/A
U.S. Postal Service 10/22 $1,900,000,000.00 10/23/07 3.304% S/A
U.S. Postal Service 10/22 $218,000,000.00 10/23/07 3.773% S/A
U.S. Postal Service 10/23 $1,600,000,000.00 10/24/07 3.538% S/A
U.S. Postal Service 10/23 $260,300,000.00 10/24/07 4.102% S/A
U.S. Postal Service 10/24 $1,350,000,000.00 10/25/07 3.773% S/A
U.S. Postal Service 10/24 $361,800,000.00 10/25/07 3.959% S/A
U.S. Postal Service 10/25 $1,200,000,000.00 10/26/07 4.102% S/A
U.S. Postal Service 10/25 $348,200,000.00 10/26/07 4.041% S/A
U.S. Postal Service 10/26 $1,100,000,000.00 10/29/07 3.959% S/A
U.S. Postal Service 10/26 $267,400,000.00 10/29/07 4.101% S/A
U.S. Postal Service 10/29 $900,000,000.00 10/30/07 4.041% S/A
U.S. Postal Service 10/29 $276,700,000.00 10/30/07 4.080% S/A
U.S. Postal Service 10/30 $550,000,000.00 10/31/07 4.101% S/A
U.S. Postal Service 10/30 $374,000,000.00 10/31/07 4.153% S/A
U.S. Postal Service 10/31 $1,250,000,000.00 11/01/07 4.080% S/A
U.S. Postal Service 10/31 $474,400,000.00 11/01/07 4.133% S/A
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 10/01 $154,879.00 8/01/35 4.934% S/A
San Francisco OB 10/09 $138,795.23 2/01/35 4.980% S/A
San Francisco OB 10/09 $132,744.00 2/01/35 4.980% S/A
San Francisco Bldg Lease 10/30 $193,636.80 8/01/35 4.749% S/A
RURAL UTILITIES SERVICE
*Blue Grass Energy #674 10/01 $4,482,284.68 12/31/07 3.835% Qtr.
*Blue Grass Energy #674 10/01 $1,790,684.31 12/31/07 3.835% Qtr.
*Blue Grass Energy #674 10/01 $4,563,038.28 12/31/07 3.835% Qtr.
*Blue Grass Energy #674 10/01 $4,657,467.02 12/31/07 3.835% Qtr.
*Blue Grass Energy #674 10/01 $2,708,360.42 12/31/07 3.835% Qtr.
*Brazos Electric #844 10/01 $9,662,529.61 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,974,033.35 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,946,696.22 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $1,864,904.47 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,971,892.79 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,971,892.79 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,971,892.79 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,969,291.34 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $5,184,958.58 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,982,107.20 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,982,107.20 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,982,107.20 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,982,107.20 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,982,107.20 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $3,518,364.10 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $3,590,457.18 12/31/07 3.835% Qtr.
*Brazos Electric #2086 10/01 $4,993,681.76 12/31/07 3.835% Qtr.
*Brazos Electric #2182 10/01 $1,391,518.75 12/31/07 3.835% Qtr.
*Brazos Electric #2182 10/01 $3,300,564.59 12/31/07 3.835% Qtr.
*Brazos Electric #2182 10/01 $2,837,189.15 12/31/07 3.835% Qtr.
Central Iowa Power Coop #2311 10/01 $2,200,000.00 1/03/40 4.753% Qtr.
*Clark Energy Coop. #2087 10/01 $1,995,448.50 12/31/07 3.835% Qtr.
*Cumberland Valley #668 10/01 $3,738,270.76 12/31/07 3.835% Qtr.
*Cumberland Valley #668 10/01 $4,489,657.86 12/31/07 3.835% Qtr.
*Cumberland Valley #2118 10/01 $2,137,963.88 12/31/07 3.835% Qtr.
*Cumberland Valley #2118 10/01 $1,943,603.53 12/31/07 3.835% Qtr.
*Cumberland Valley #2118 10/01 $2,908,096.02 12/31/07 3.835% Qtr.
*Cumberland Valley #2118 10/01 $1,978,678.49 12/31/07 3.835% Qtr.
*Cumberland Valley #2118 10/01 $1,101,992.78 12/31/07 3.835% Qtr.
*Cooper Valley Tel. #648 10/01 $783,763.31 12/31/07 3.835% Qtr.
*Cooper Valley Tel. #648 10/01 $178,344.64 12/31/07 3.835% Qtr.
*Darien Telephone Co. #719 10/01 $308,966.94 12/31/07 3.835% Qtr.
*Fairfield Elec. #684 10/01 $2,878,235.40 12/31/07 3.835% Qtr.
*Fairfield Elec. #684 10/01 $84,408.41 12/31/07 3.835% Qtr.
*Farmer's Telephone #459 10/01 $16,095.43 12/31/07 3.960% Qtr.
*Farmer's Telephone #459 10/01 $144,406.36 12/31/07 3.960% Qtr.
*Fleming-Mason Energy #644 10/01 $2,262,221.37 12/31/07 3.835% Qtr.
*Fleming-Mason Energy #644 10/01 $1,218,119.15 12/31/07 3.835% Qtr.
*Fleming-Mason Energy #644 10/01 $1,305,127.70 12/31/07 3.835% Qtr.
*Fleming-Mason Energy #644 10/01 $1,914,187.29 12/31/07 3.835% Qtr.
*Fleming-Mason Energy #644 10/01 $1,218,119.15 12/31/07 3.835% Qtr.
*Fleming-Mason Energy #644 10/01 $2,639,455.65 12/31/07 3.835% Qtr.
*Fleming-Mason Energy #644 10/01 $2,615,723.22 12/31/07 3.835% Qtr.
*Fleming-Mason Energy #644 10/01 $2,763,797.66 12/31/07 3.835% Qtr.
*Fleming-Mason Energy #644 10/01 $2,294,991.89 12/31/07 3.835% Qtr.
*Farmers Telephone #399 10/01 $3,759,706.95 12/31/07 3.960% Qtr.
*Farmers Telephone #399 10/01 $2,653,828.66 12/31/07 3.960% Qtr.
*Farmers Telephone #399 10/01 $1,801,309.79 12/31/07 3.960% Qtr.
*Farmers Telephone #399 10/01 $1,425,825.23 12/31/07 3.960% Qtr.
*Farmers Telephone #399 10/01 $1,878,314.04 12/31/07 3.960% Qtr.
*Farmers Telephone #399 10/01 $1,579,315.26 12/31/07 3.960% Qtr.
*Farmers Telephone #399 10/01 $156,703.15 12/31/07 3.960% Qtr.
*Farmers Telephone #476 10/01 $1,871,489.85 12/31/07 3.960% Qtr.
*Farmers Telephone #476 10/01 $2,609,642.66 12/31/07 3.960% Qtr.
*Farmers Telephone #476 10/01 $6,547,352.13 12/31/07 3.960% Qtr.
*Farmers Telephone #476 10/01 $4,877,310.00 12/31/07 3.960% Qtr.
*Farmers Telephone #476 10/01 $3,787,495.65 12/31/07 3.960% Qtr.
*Farmers Telephone #476 10/01 $3,383,635.50 12/31/07 3.960% Qtr.
*Farmers Telephone #476 10/01 $1,399,055.02 12/31/07 3.960% Qtr.
*Farmers Telephone #2203 10/01 $1,766,649.91 12/31/07 3.835% Qtr.
*Farmers Telephone #2203 10/01 $7,271,240.90 12/31/07 3.835% Qtr.
*Farmers Telephone #2203 10/01 $4,271,519.35 12/31/07 3.835% Qtr.
*FTC Communications #709 10/01 $5,235,454.66 12/31/07 3.835% Qtr.
*FTC Communications #709 10/01 $1,564,599.53 12/31/07 3.835% Qtr.
*FTC Communications #709 10/01 $2,016,207.74 12/31/07 3.835% Qtr.
*FTC Communications #709 10/01 $2,578,543.71 12/31/07 3.835% Qtr.
*FTC Communications #709 10/01 $908,678.76 12/31/07 3.835% Qtr.
*FTC Communications #709 10/01 $1,082,686.99 12/31/07 3.835% Qtr.
*FTC Communications #2101 10/01 $381,000.05 12/31/07 3.835% Qtr.
*FTC Communications #2101 10/01 $2,958,137.58 12/31/07 3.835% Qtr.
*FTC Communications #2101 10/01 $2,636,093.04 12/31/07 3.835% Qtr.
*FTC Communications #2101 10/01 $2,728,994.03 12/31/07 3.835% Qtr.
*Grayson Rural Elec. #619 10/01 $1,044,102.17 12/31/07 3.835% Qtr.
*Grayson Rural Elec. #619 10/01 $522,051.10 12/31/07 3.835% Qtr.
*Grayson Rural Elec. #619 10/01 $870,085.14 12/31/07 3.835% Qtr.
*Grayson Rural Elec. #619 10/01 $1,127,222.06 12/31/07 3.835% Qtr.
*Grayson Rural Elec. #619 10/01 $890,389.24 12/31/07 3.835% Qtr.
*Grayson Rural Elec. #619 10/01 $2,254,930.49 12/31/07 3.835% Qtr.
*Grayson Rural Elec. #619 10/01 $921,265.89 12/31/07 3.835% Qtr.
*Grayson Rural Elec. #619 10/01 $941,055.87 12/31/07 3.835% Qtr.
*Grayson Rural Elec. #619 10/01 $1,586,215.20 12/31/07 3.835% Qtr.
*Harrison County #532 10/01 $866,546.76 12/31/07 3.835% Qtr.
*Harrison County #532 10/01 $779,892.11 12/31/07 3.835% Qtr.
*Harrison County #532 10/01 $872,393.09 12/31/07 3.835% Qtr.
*Harrison County #532 10/01 $1,422,576.95 12/31/07 3.835% Qtr.
*Harrison County #532 10/01 $1,531,577.61 12/31/07 3.835% Qtr.
*Hudson Valley Datanet #833 10/01 $4,270,439.35 12/31/07 3.835% Qtr.
*Hudson Valley Datanet #833 10/01 $3,112,200.00 12/31/07 3.835% Qtr.
*Hudson Valley Datanet #833 10/01 $4,299,065.45 12/31/07 3.835% Qtr.
*Hudson Valley Datanet #833 10/01 $1,708,175.74 12/31/07 3.835% Qtr.
*Inter-County Energy #592 10/01 $1,299,820.13 12/31/07 3.835% Qtr.
*Inter-County Energy #592 10/01 $1,733,093.56 12/31/07 3.835% Qtr.
*Inter-County Energy #592 10/01 $2,259,087.41 12/31/07 3.835% Qtr.
*Inter-County Energy #592 10/01 $192,288.80 12/31/07 3.835% Qtr.
*Inter-County Energy #850 10/01 $3,728,026.10 12/31/07 3.835% Qtr.
*Inter-County Energy #850 10/01 $1,864,013.04 12/31/07 3.835% Qtr.
*Inter-County Energy #850 10/01 $1,864,130.17 12/31/07 3.835% Qtr.
*Inter-County Energy #850 10/01 $3,307,265.87 12/31/07 3.835% Qtr.
*Inter-County Energy #850 10/01 $3,050,077.99 12/31/07 3.835% Qtr.
*Inter-County Energy #850 10/01 $3,516,962.50 12/31/07 3.835% Qtr.
*Inter-County Energy #850 10/01 $3,136,422.35 12/31/07 3.835% Qtr.
*Ironton Telephone Co. #888 10/01 $2,705,979.47 12/31/07 3.835% Qtr.
*Ironton Telephone Co. #2051 10/01 $2,637,601.46 12/31/07 3.835% Qtr.
*La Plata Electric #2140 10/01 $23,406,439.44 12/31/07 3.835% Qtr.
*Licking Valley Elec. #522 10/01 $2,382,137.05 12/31/07 3.835% Qtr.
*Licking Valley Elec. #854 10/01 $1,876,182.60 12/31/07 3.835% Qtr.
*Licking Valley Elec. #854 10/01 $1,921,482.57 12/31/07 3.835% Qtr.
*Licking Valley Elec. #854 10/01 $1,956,636.78 12/31/07 3.835% Qtr.
*Licking Valley Elec. #854 10/01 $4,744,052.73 12/31/07 3.835% Qtr.
*Lynches River Elec. #634 10/01 $400,498.71 9/30/10 4.010% Qtr.
*Lynches River Elec. #634 10/01 $536,844.03 9/30/10 4.010% Qtr.
*Meade County Elec. #662 10/01 $1,771,499.55 1/02/35 4.777% Qtr.
*Medina Electric #622 10/01 $1,330,681.88 12/31/07 3.835% Qtr.
*Medina Electric #622 10/01 $1,336,722.43 12/31/07 3.835% Qtr.
*Medina Electric #622 10/01 $729,463.92 12/31/07 3.835% Qtr.
*Medina Electric #2050 10/01 $1,911,543.21 12/31/07 3.835% Qtr.
*Medina Electric #2050 10/01 $961,257.51 12/31/07 3.835% Qtr.
*Moundville Telephone #2159 10/01 $852,599.36 12/31/07 3.835% Qtr.
*Moundville Telephone #2159 10/01 $239,443.87 12/31/07 3.835% Qtr.
*Northern Neck Elec. #713 10/01 $924,917.00 1/02/35 4.777% Qtr.
*Nolin Rural Elec. #528 10/01 $1,640,372.98 12/31/07 3.835% Qtr.
*Nolin Rural Elec. #577 10/01 $2,238,290.28 12/31/07 3.835% Qtr.
*Nolin Rural Elec. #577 10/01 $2,238,290.28 12/31/07 3.835% Qtr.
*Nolin Rural Elec. #840 10/01 $3,728,026.10 12/31/07 3.835% Qtr.
*Nolin Rural Elec. #840 10/01 $2,747,555.24 12/31/07 3.835% Qtr.
*Northstar Technology #811 10/01 $1,444,366.70 12/31/07 3.835% Qtr.
*Northstar Technology #811 10/01 $787,768.18 12/31/07 3.835% Qtr.
*Orange County Elec. #771 10/01 $676,838.01 9/30/14 4.337% Qtr.
*Orange County Elec. #771 10/01 $896,825.37 9/30/14 4.326% Qtr.
*Panhandle Rural Elec #572 10/01 $262,825.96 10/01/12 4.198% Qtr.
*Piedmont Rural Tel. #2002 10/01 $2,095,699.47 12/31/07 3.835% Qtr.
*Piedmont Rural Tel. #2002 10/01 $1,383,628.30 12/31/07 3.835% Qtr.
*PRTCommunications #798 10/01 $3,664,125.31 12/31/07 3.835% Qtr.
*PRTCommunications #798 10/01 $1,373,474.72 12/31/07 3.835% Qtr.
*PRTCommunications #798 10/01 $610,234.41 12/31/07 3.835% Qtr.
*PRTCommunications #798 10/01 $855,555.57 12/31/07 3.835% Qtr.
*San Miguel Electric #919 10/01 $5,410,201.23 12/31/07 3.835% Qtr.
*San Miguel Electric #919 10/01 $5,680,774.61 12/31/07 3.835% Qtr.
*Sumter Elec. #640 10/01 $937,825.57 1/02/35 4.777% Qtr.
*Virgin Islands Tel. #2089 10/01 $57,147,271.42 12/31/07 3.835% Qtr.
Arkansas Valley Elec. #2292 10/02 $5,000,000.00 12/31/40 4.753% Qtr.
Farmers Telephone #2203 10/02 $2,296,000.00 3/31/08 4.130% Qtr.
Minnkota Power #2328 10/03 $5,807,000.00 1/03/40 4.729% Qtr.
Northwest Electric #2309 10/04 $1,475,000.00 12/31/40 4.750% Qtr.
Arkansas Elec. #2276 10/05 $10,000,000.00 12/31/35 4.722% Qtr.
Blackduck Telephone Co. #2214 10/09 $125,000.00 12/31/14 4.302% Qtr.
Seminole Electric #2324 10/12 $7,570,000.00 12/31/19 4.538% Qtr.
Seminole Electric #2325 10/12 $24,327,000.00 12/31/36 4.838% Qtr.
Square Butte Electric #2327 10/12 $74,000.00 12/31/26 4.767% Qtr.
Kansas Elec. Power #2320 10/16 $2,861,000.00 12/31/20 4.618% Qtr.
Wilkes Tele. & Elec. #851 10/17 $575,000.00 12/31/18 4.486% Qtr.
Nodak Electric Coop. #2176 10/19 $1,541,000.00 1/03/39 4.736% Qtr.
Blue Ridge Elec. #2272 10/23 $334,600.00 1/03/40 4.633% Qtr.
Blue Ridge Elec. #2273 10/23 $1,665,400.00 12/31/40 4.634% Qtr.
Primelink #700 10/23 $174,744.00 1/03/17 4.144% Qtr.
Oglethorpe Power #2329 10/24 $20,766,000.00 12/31/41 4.604% Qtr.
Oglethorpe Power #2329 10/24 $29,752,000.00 12/31/41 4.604% Qtr.
Sedgwick County Elec. #2291 10/25 $1,750,000.00 12/31/40 4.594% Qtr.
Dairyland Power #2262 10/31 $3,516,000.00 12/31/40 4.625% Qtr.

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 October 31, 2007 September 30, 2007 10/01/07-10/31/07 10/01/07-10/31/07
Agency Debt
U.S. Postal Service $2,724.4 $4,200.0 -$1,475.6 -$1,475.6
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* $2,724.4 $4,200.0 -$1,475.6 -$1,475.6
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 $836.2 $836.5 -$0.2 -$0.2
DoEd-HBCU+ $313.7 $313.7 $0.0 $0.0
DHUD-Public Housing Notes $790.6 $790.6 $0.0 $0.0
General Services Administration+ $2,114.5 $2,119.9 -$5.4 -$5.4
DOI-Virgin Islands $0.8 $0.8 $0.0 $0.0
DON-Ship Lease Financing $69.6 $69.6 $0.0 $0.0
Rural Utilities Service $18,641.6 $19,187.2 -$545.6 -$545.6
Rural Utilities Service-GETP $2,500.0 $2,500.0 $0.0 $0.0
SBA-State/Local Development Cos. $16.2 $17.0 -$0.8 -$0.8
DOT-Section 511 $2.3 $2.3 $0.0 $0.0
VA Homeless Veterans Housing+        $4.9        $4.9        $0.0        $0.0
Subtotal* $25,290.5 $25,842.5 -$552.0 -$552.0
========= ========= ========= =========
Grand total* $31,931.5 $33,959.1 -$2,027.6 -$2,027.6
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest