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SEPTEMBER 2007 NEWS RELEASE

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

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $30.2 billion on August 31, 2007, posting an increase of $1,060.1 million from the level on July 31, 2007. This net change was the result of increases in net holdings of agency debt (U.S. Postal Service) of $500 million and in net holdings of government-guaranteed loans of $560.1 million. The FFB made 29 disbursements and received 2 prepayments during the month of August.
  
Attached to this release are tables presenting FFB August loan activity and FFB holdings as of August 31, 2007.

 


FEDERAL FINANCING BANK
AUGUST 2007 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 8/22 $500,000,000.00 11/15/07 3.101% S/A
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco OB 8/15 $135,758.78 2/01/35 5.107% S/A
San Francisco Bldg Lease 8/15 $413,624.05 8/01/35 5.108% S/A
San Francisco Bldg Lease 8/15 $147,007.10 8/01/35 5.108% S/A
Foley Services Contract 8/23 $711,979.10 7/31/25 4.918% S/A
San Francisco Bldg Lease 8/29 $371,919.06 8/01/35 4.943% S/A
RURAL UTILITIES SERVICE
Central Iowa Power Coop #2311 8/01 $4,600,000.00 1/03/40 4.887% Qtr.
Northwest Electric #2309 8/03 $9,710,000.00 12/31/40 4.897% Qtr.
TRANSCO #2053 8/06 $1,738,000.00 12/31/35 4.862% Qtr.
W. Farmers Elec. Coop. #2116 8/06 $718,000.00 12/31/20 4.681% Qtr.
W. Farmers Elec. Coop. #2114 8/06 $1,051,000.00 1/03/33 4.861% Qtr.
W. Farmers Elec. Coop. #2318 8/06 $8,488,000.00 12/31/24 4.787% Qtr.
W. Farmers Elec. Coop. #2319 8/06 $43,590,000.00 12/31/40 4.855% Qtr.
Kamo Electric #2162 8/09 $2,893,000.00 1/03/39 5.002% Qtr.
North Arkansas Elec. #2279 8/09 $6,000,000.00 12/31/40 4.999% Qtr.
Pennyrile Elec. #2041 8/13 $3,462,000.00 12/31/37 5.003% Qtr.
Kamo Electric #2162 8/16 $3,566,000.00 1/03/39 4.953% Qtr.
North Georgia Elec. #2135 8/17 $1,654,000.00 12/31/37 4.869% Qtr.
Southeast Colorado Power #2146 8/17 $926,000.00 12/31/37 4.869% Qtr.
Oneida-Madison Elec. #2144 8/27 $217,000.00 1/03/39 4.812% Qtr.
Consolidated Elec. #2072 8/30 $293,000.00 1/03/23 4.607% Qtr.
Plumas-Sierra Elec. #2138 8/30 $880,000.00 12/31/37 4.782% Qtr.
Dairyland Power #2262 8/31 $3,468,000.00 12/31/40 4.775% Qtr.
RURAL UTILITIES SERVICE - GETP
CFC 8/07 $100,000,000.00 1/16/18 4.718% Qtr.
CFC 8/07 $100,000,000.00 1/16/18 4.718% Qtr.
CFC 8/07 $100,000,000.00 1/16/18 4.718% Qtr.
CFC 8/07 $100,000,000.00 1/16/18 4.718% Qtr.
CFC 8/07 $100,000,000.00 1/16/18 4.718% Qtr.
DEPARTMENT OF VETERANS AFFAIRS
St. Leo Residence 8/09 $783,401.10 7/17/45 5.024% 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 August 31, 2007 July 31, 2007 8/01/07- 8/31/07 10/01/06- 8/31/07
Agency Debt
U.S. Postal Service $500.0 $0.0 $500.0 -$1,600.0
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* $500.0 $0.0 $500.0 -$1,600.0
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 $852.0 $885.6 -$33.7 -$172.0
DoEd-HBCU+ $312.9 $312.9 $0.0 $158.5
DHUD-Public Housing Notes $790.6 $790.6 $0.0 -$93.3
General Services Administration+ $2,122.4 $2,122.0 $0.4 -$25.0
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 $19,088.8 $18,995.6 $93.3 -$278.0
Rural Utilities Service-GETP $2,500.0 $2,000.0 $500.0 $500.0
SBA-State/Local Development Cos. $18.1 $18.8 -$0.6 -$8.4
DOT-Section 511 $2.3 $2.3 $0.0 -$0.2
VA Homeless Veterans Housing+        $4.9        $4.1        $0.8        $2.5
Subtotal* $25,762.5 $25,202.4 $560.1 -$19.3
========= ========= ========= =========
Grand total* $30,179.1 $29,119.0 $1,060.1 -$1,619.3
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest