OCTOBER 2007 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of September 2007. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $34.0 billion on September 30, 2007, posting an increase of $3,780.0 million from the level on August 31, 2007. This net change was the result of increases in net holdings of agency debt (U.S. Postal Service) of $3,700 million and in net holdings of government-guaranteed loans of $80.0 million. The FFB made 30 disbursements and received 21 prepayments during the month of September. During the fiscal year 2007, the FFB holdings of obligations issued, sold or guaranteed by other Federal agencies posted a net increase of $2,160.7 million from the level on September 30, 2006. This net change was the result of increases in holdings of agency debt (U.S. Postal Service) of $2,100.0 million and in net holdings of government-guaranteed loans of $60.7 million. |
FEDERAL FINANCING BANK
SEPTEMBER 2007 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 9/25 | $500,000,000.00 | 12/20/07 | 3.866% | S/A |
| U.S. Postal Service | 9/28 | $2,900,000,000.00 | 10/01/07 | 3.366% | S/A |
| U.S. Postal Service | 9/28 | $300,000,000.00 | 10/01/07 | 3.528% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco OB | 9/17 | $7,000.00 | 2/01/35 | 4.817% | S/A |
| Foley Services Contract | 9/21 | $373,392.07 | 7/31/25 | 4.928% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| South Carolina State Univ. | 9/27 | $1,145,155.90 | 3/01/35 | 4.882% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Central Iowa Power Coop #2240 | 9/04 | $2,500,000.00 | 12/31/35 | 4.726% | Qtr. |
| Aiken Elec. #2191 | 9/11 | $2,498,400.00 | 1/03/39 | 4.585% | Qtr. |
| Brantley Telephone Co. #2301 | 9/14 | $500,000.00 | 12/31/24 | 4.575% | Qtr. |
| Citizens Telephone of NY #2290 | 9/17 | $77,000.00 | 1/03/23 | 4.488% | Qtr. |
| South Slope Cooperative #741 | 9/17 | $2,497,000.00 | 1/02/18 | 4.285% | Qtr. |
| Kennebec Telephone #2293 | 9/19 | $152,000.00 | 12/31/25 | 4.557% | Qtr. |
| Central Iowa Power Coop #2094 | 9/20 | $2,330,000.00 | 12/31/31 | 4.681% | Qtr. |
| Kamo Electric #2162 | 9/20 | $3,376,000.00 | 1/03/39 | 4.765% | Qtr. |
| Minnkota Power #2328 | 9/20 | $13,690,000.00 | 1/03/40 | 4.768% | Qtr. |
| N.E. Missouri Elec. #892 | 9/20 | $175,000.00 | 12/31/36 | 4.759% | Qtr. |
| Dairyland Power #2218 | 9/21 | $10,276,000.00 | 12/31/36 | 4.892% | Qtr. |
| Hancock Rural Tel. Corp. #2252 | 9/21 | $1,200,000.00 | 1/03/23 | 4.690% | Qtr. |
| Dairyland Power #2217 | 9/27 | $7,258,000.00 | 1/03/33 | 4.827% | Qtr. |
| Whitewater Valley Rural #2189 | 9/27 | $1,261,000.00 | 1/03/39 | 4.847% | Qtr. |
| Brazos Electric #2086 | 9/28 | $4,000,000.00 | 12/31/07 | 3.736% | Qtr. |
| Brazos Electric #2086 | 9/28 | $5,000,000.00 | 12/31/07 | 3.736% | Qtr. |
| Brazos Electric #2086 | 9/28 | $5,000,000.00 | 12/31/07 | 3.736% | Qtr. |
| Brazos Electric #2182 | 9/28 | $5,000,000.00 | 12/31/07 | 3.736% | Qtr. |
| Brazos Electric #2182 | 9/28 | $5,304,000.00 | 12/31/07 | 3.736% | Qtr. |
| Brazos Electric #2307 | 9/28 | $2,740,000.00 | 12/31/07 | 3.719% | Qtr. |
| Brazos Electric #2307 | 9/28 | $5,000,000.00 | 12/31/07 | 3.719% | Qtr. |
| Dairyland Power #2262 | 9/28 | $5,505,000.00 | 12/31/40 | 4.790% | Qtr. |
| Lea County Elec. Coop. #2096 | 9/28 | $4,833,000.00 | 9/30/08 | 4.006% | Qtr. |
| N. Carolina Elec. #2260 | 9/28 | $8,187,000.00 | 12/31/26 | 4.696% | Qtr. |
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | September 30, 2007 | August 31, 2007 | 9/01/07- 9/30/07 | 10/01/06- 9/30/07 |
| Agency Debt | ||||
| U.S. Postal Service | $4,200.0 | $500.0 | $3,700.0 | $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* | $4,200.0 | $500.0 | $3,700.0 | $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 | $836.5 | $852.0 | -$15.5 | -$187.5 |
| DoEd-HBCU+ | $313.7 | $312.9 | $0.8 | $159.3 |
| DHUD-Public Housing Notes | $790.6 | $790.6 | $0.0 | -$93.3 |
| General Services Administration+ | $2,119.9 | $2,122.4 | -$2.5 | -$27.5 |
| DOI-Virgin Islands | $0.8 | $0.8 | $0.0 | -$2.4 |
| DON-Ship Lease Financing | $69.6 | $69.6 | $0.0 | -$101.0 |
| Rural Utilities Service | $19,187.2 | $19,088.8 | $98.4 | -$179.6 |
| Rural Utilities Service-GETP | $2,500.0 | $2,500.0 | $0.0 | $500.0 |
| SBA-State/Local Development Cos. | $17.0 | $18.1 | -$1.1 | -$9.5 |
| DOT-Section 511 | $2.3 | $2.3 | -$0.1 | -$0.2 |
| VA Homeless Veterans Housing+ | $4.9 | $4.9 | $0.0 | $2.5 |
| Subtotal* | $25,842.5 | $25,762.5 | $80.0 | $60.7 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $33,959.1 | $30,179.1 | $3,780.0 | $2,160.7 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |