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JANUARY 2008 NEWS RELEASE

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

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $32.4 billion on December 31, 2007, posting an increase of $196.7 million from the level on November 30, 2007. This net change was the result of increases in net holdings of agency debt (U.S. Postal Service) of $149.5 million and in net holdings of government-guaranteed loans of $47.2 million. The FFB made 47 disbursements and received 21 prepayments during the month of December. The FFB also extended the maturities of 165 loans guaranteed by the Rural Utilities Service (“RUS”) and reset the interest rate for 3 loans guaranteed by the Department of Education during the month.

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

 

FEDERAL FINANCING BANK
DECEMBER 2007 ACTIVITY


Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 12/03 $850,000,000.00 12/04/07 3.529% S/A
U.S. Postal Service 12/03 $292,200,000.00 12/04/07 3.763% S/A
U.S. Postal Service 12/04 $350,000,000.00 12/05/07 3.794% S/A
U.S. Postal Service 12/04 $351,200,000.00 12/05/07 3.284% S/A
U.S. Postal Service 12/05 $250,000,000.00 12/06/07 3.763% S/A
U.S. Postal Service 12/05 $194,100,000.00 12/06/07 3.284% S/A
U.S. Postal Service 12/06 $168,300,000.00 12/07/07 3.213% S/A
U.S. Postal Service 12/14 $12,200,000.00 12/17/07 2.722% S/A
U.S. Postal Service 12/17 $224,900,000.00 12/18/07 2.865% S/A
U.S. Postal Service 12/28 $242,600,000.00 12/31/07 2.640% S/A
U.S. Postal Service 12/31 $1,800,000,000.00 1/02/08 2.957% S/A
U.S. Postal Service 12/31 $415,400,000.00 1/02/08 2.783% S/A
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 12/06 $1,611.00 8/01/35 4.417% S/A
Foley Services Contract 12/12 $18,388.03 7/31/25 4.271% S/A
DEPARTMENT OF EDUCATION
*Dillard University 12/03 $79,089,811.36 6/02/08 3.366% S/A
Dillard University 12/03 $372,697.19 6/02/08 3.366% S/A
*Tougaloo College 12/03 $10,711,884.03 6/02/08 3.366% S/A
Tougaloo College 12/03 $50,477.92 6/02/08 3.366% S/A
*Xavier University 12/03 $70,798,489.42 6/02/08 3.366% S/A
Xavier University 12/03 $333,625.76 6/02/08 3.366% S/A
RURAL UTILITIES SERVICE
Gunnison County Elec. #2310 12/04 $1,461,000.00 12/31/41 4.266% Qtr.
North Arkansas Elec. #2279 12/04 $6,500,000.00 12/31/40 4.261% Qtr.
East Kentucky Power #2322 12/05 $25,000,000.00 12/31/40 4.259% Qtr.
Central Iowa Power Coop #2311 12/07 $16,500,000.00 1/03/40 4.328% Qtr.
East Kentucky Power #2322 12/11 $50,000,000.00 12/31/40 4.523% Qtr.
High West Energy #2102 12/11 $400,000.00 1/03/39 4.512% Qtr.
East Kentucky Power #2321 12/12 $25,000,000.00 12/31/40 4.386% Qtr.
Central Iowa Power Coop #2311 12/14 $3,300,000.00 1/03/40 4.467% Qtr.
Pineland Telephone #747 12/14 $371,000.00 12/31/19 3.933% Qtr.
Brantley Telephone Co. #2301 12/18 $867,000.00 12/31/24 4.285% Qtr.
Farmers Telephone #2203 12/18 $8,227,000.00 3/31/08 3.134% Qtr.
Citizens Tel. of NY #2290 12/19 $113,000.00 1/03/23 4.116% Qtr.
East Kentucky Power #2322 12/19 $50,000,000.00 12/31/40 4.480% Qtr.
Forked Deer Electric #2226 12/19 $1,210,103.32 1/03/40 4.475% Qtr.
N. Carolina Elec. #2260 12/19 $4,105,000.00 12/31/26 4.301% Qtr.
Sioux Val.-Southwestern #2198 12/20 $3,000,000.00 12/31/35 4.376% Qtr.
M & A Electric #2283 12/21 $2,467,000.00 1/03/40 4.384% Qtr.
Tri-State #2052 12/21 $5,552,000.00 1/03/34 4.343% Qtr.
Tri-State #2247 12/21 $6,450,000.00 12/31/35 4.361% Qtr.
Tri-State #2298 12/21 $8,020,000.00 12/31/37 4.374% Qtr.
Alabama Electric #2156 12/27 $1,495,000.00 12/31/37 4.602% Qtr.
Alabama Electric #2157 12/27 $3,464,000.00 12/31/31 4.554% Qtr.
Plumas-Sierra Elec. #2138 12/27 $616,000.00 12/31/37 4.538% Qtr.
Shawnee Telephone Co. #2148 12/27 $2,415,000.00 1/03/23 6.258% Qtr.
Associated Electric #2288 12/28 $30,280,000.00 12/31/25 4.335% Qtr.
Central Elec. Power #2285 12/28 $7,012,000.00 1/03/11 3.217% Qtr.
S. Illinois Power #2020 12/28 $1,056,000.00 1/03/33 4.491% Qtr.
W. Farmers Elec. Coop. #2318 12/28 $2,934,000.00 12/31/24 4.299% Qtr.
W. Farmers Elec. Coop. #2319 12/28 $15,021,000.00 12/31/40 4.541% Qtr.
*Blue Grass Energy #674 12/31 $4,458,679.34 3/31/08 3.197% Qtr.
*Blue Grass Energy #674 12/31 $1,781,253.91 3/31/08 3.197% Qtr.
*Blue Grass Energy #674 12/31 $4,539,007.66 3/31/08 3.197% Qtr.
*Blue Grass Energy #674 12/31 $4,632,939.11 3/31/08 3.197% Qtr.
*Blue Grass Energy #674 12/31 $2,694,097.20 3/31/08 3.197% Qtr.
*Brazos Electric #917 12/31 $350,311.02 3/31/08 3.197% Qtr.
*Brazos Electric #917 12/31 $11,335.04 3/31/08 3.197% Qtr.
*Brazos Electric #917 12/31 $597,640.68 3/31/08 3.197% Qtr.
*Brazos Electric #917 12/31 $1,957,953.08 3/31/08 3.197% Qtr.
*Brazos Electric #917 12/31 $1,540,056.29 3/31/08 3.322% Qtr.
*Brazos Electric #437 12/31 $3,263,887.34 3/31/08 3.322% Qtr.
*Brazos Electric #437 12/31 $1,102,977.19 3/31/08 3.322% Qtr.
*Brazos Electric #437 12/31 $250,186.41 3/31/08 3.322% Qtr.
*Brazos Electric #437 12/31 $2,396,534.61 3/31/08 3.322% Qtr.
*Brazos Electric #437 12/31 $925,532.63 3/31/08 3.322% Qtr.
*Brazos Electric #561 12/31 $8,553,785.92 3/31/08 3.197% Qtr.
*Brazos Electric #561 12/31 $4,305,318.54 3/31/08 3.197% Qtr.
*Brazos Electric #844 12/31 $9,617,176.65 12/31/36 4.424% Qtr.
*Brazos Electric #2086 12/31 $4,951,956.52 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,924,740.72 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $1,856,627.25 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,949,825.46 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,949,825.46 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,949,825.46 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,947,235.56 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $5,161,945.58 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,959,994.54 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,959,994.54 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,959,994.54 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,959,994.54 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,959,994.54 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $3,502,748.14 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $3,574,521.24 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,971,517.72 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $3,983,149.32 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,978,936.65 12/31/37 4.428% Qtr.
*Brazos Electric #2086 12/31 $4,978,936.65 12/31/37 4.428% Qtr.
*Brazos Electric #2182 12/31 $1,385,672.69 1/03/39 4.433% Qtr.
*Brazos Electric #2182 12/31 $3,286,698.25 1/03/39 4.433% Qtr.
*Brazos Electric #2182 12/31 $2,825,269.54 1/03/39 4.433% Qtr.
*Brazos Electric #2182 12/31 $4,980,129.70 1/03/39 4.433% Qtr.
*Brazos Electric #2182 12/31 $5,282,921.59 1/03/39 4.433% Qtr.
*Brazos Electric #2307 12/31 $2,740,000.00 12/31/40 4.441% Qtr.
*Brazos Electric #2307 12/31 $5,000,000.00 12/31/40 4.441% Qtr.
*Central Elec. Power #624 12/31 $4,743,231.53 1/03/11 3.120% Qtr.
*Central Elec. Power #624 12/31 $4,833,239.37 1/03/11 3.120% Qtr.
*Clark Energy Coop. #2087 12/31 $1,986,591.87 3/31/08 3.197% Qtr.
*Cumberland Valley #668 12/31 $3,718,583.67 3/31/08 3.197% Qtr.
*Cumberland Valley #668 12/31 $4,466,013.68 3/31/08 3.197% Qtr.
*Cumberland Valley #2118 12/31 $2,128,474.71 3/31/08 3.197% Qtr.
*Cumberland Valley #2118 12/31 $1,934,977.01 3/31/08 3.197% Qtr.
*Cumberland Valley #2118 12/31 $2,895,188.68 3/31/08 3.197% Qtr.
*Cumberland Valley #2118 12/31 $1,969,896.30 3/31/08 3.197% Qtr.
*Cumberland Valley #2118 12/31 $1,097,101.68 3/31/08 3.197% Qtr.
*Cooper Valley Tel. #648 12/31 $772,404.42 3/31/08 3.197% Qtr.
*Cooper Valley Tel. #648 12/31 $175,759.93 3/31/08 3.197% Qtr.
Dairyland Power #2262 12/31 $7,202,000.00 12/31/40 4.441% Qtr.
*Darien Telephone Co. #719 12/31 $300,955.59 3/31/08 3.197% Qtr.
*Fairfield Elec. #684 12/31 $2,863,077.57 3/31/08 3.197% Qtr.
*Fairfield Elec. #684 12/31 $83,963.89 3/31/08 3.197% Qtr.
*Farmer's Telephone #459 12/31 $15,774.83 3/31/08 3.322% Qtr.
*Farmer's Telephone #459 12/31 $140,884.25 3/31/08 3.322% Qtr.
*Fleming-Mason Energy #644 12/31 $2,249,578.86 3/31/08 3.197% Qtr.
*Fleming-Mason Energy #644 12/31 $1,211,311.64 3/31/08 3.197% Qtr.
*Fleming-Mason Energy #644 12/31 $1,297,833.94 3/31/08 3.197% Qtr.
*Fleming-Mason Energy #644 12/31 $1,903,489.78 3/31/08 3.197% Qtr.
*Fleming-Mason Energy #644 12/31 $1,211,311.64 3/31/08 3.197% Qtr.
*Fleming-Mason Energy #644 12/31 $2,624,704.95 3/31/08 3.197% Qtr.
*Fleming-Mason Energy #644 12/31 $2,601,105.15 3/31/08 3.197% Qtr.
*Fleming-Mason Energy #644 12/31 $2,748,352.06 3/31/08 3.197% Qtr.
*Fleming-Mason Energy #644 12/31 $2,282,166.24 3/31/08 3.197% Qtr.
*Farmers Telephone #399 12/31 $3,710,201.80 3/31/08 3.322% Qtr.
*Farmers Telephone #399 12/31 $2,618,884.93 3/31/08 3.322% Qtr.
*Farmers Telephone #399 12/31 $1,777,591.43 3/31/08 3.322% Qtr.
*Farmers Telephone #399 12/31 $1,407,050.98 3/31/08 3.322% Qtr.
*Farmers Telephone #399 12/31 $1,853,581.74 3/31/08 3.322% Qtr.
*Farmers Telephone #399 12/31 $1,558,519.96 3/31/08 3.322% Qtr.
*Farmers Telephone #399 12/31 $154,639.79 3/31/08 3.322% Qtr.
*Farmers Telephone #476 12/31 $1,815,413.85 3/31/08 3.322% Qtr.
*Farmers Telephone #476 12/31 $2,531,449.17 3/31/08 3.322% Qtr.
*Farmers Telephone #476 12/31 $6,351,171.91 3/31/08 3.322% Qtr.
*Farmers Telephone #476 12/31 $4,731,169.74 3/31/08 3.322% Qtr.
*Farmers Telephone #476 12/31 $3,674,009.81 3/31/08 3.322% Qtr.
*Farmers Telephone #476 12/31 $3,282,250.65 3/31/08 3.322% Qtr.
*Farmers Telephone #476 12/31 $1,357,134.73 3/31/08 3.322% Qtr.
*Farmers Telephone #2203 12/31 $1,743,168.36 3/31/08 3.197% Qtr.
*Farmers Telephone #2203 12/31 $7,174,594.69 3/31/08 3.197% Qtr.
*Farmers Telephone #2203 12/31 $4,214,744.15 3/31/08 3.197% Qtr.
*FTC Communications #709 12/31 $5,151,115.42 3/31/08 3.197% Qtr.
*FTC Communications #709 12/31 $1,539,395.01 3/31/08 3.197% Qtr.
*FTC Communications #709 12/31 $1,983,728.15 3/31/08 3.197% Qtr.
*FTC Communications #709 12/31 $2,537,005.31 3/31/08 3.197% Qtr.
*FTC Communications #709 12/31 $894,040.63 3/31/08 3.197% Qtr.
*FTC Communications #709 12/31 $1,065,245.71 3/31/08 3.197% Qtr.
*FTC Communications #2101 12/31 $374,862.43 3/31/08 3.197% Qtr.
*FTC Communications #2101 12/31 $2,910,484.20 3/31/08 3.197% Qtr.
*FTC Communications #2101 12/31 $2,593,627.56 3/31/08 3.197% Qtr.
*FTC Communications #2101 12/31 $2,685,031.99 3/31/08 3.197% Qtr.
*Grayson Rural Elec. #619 12/31 $1,038,267.16 3/31/08 3.197% Qtr.
*Grayson Rural Elec. #619 12/31 $519,133.59 3/31/08 3.197% Qtr.
*Grayson Rural Elec. #619 12/31 $865,222.64 3/31/08 3.197% Qtr.
*Grayson Rural Elec. #619 12/31 $1,120,922.53 3/31/08 3.197% Qtr.
*Grayson Rural Elec. #619 12/31 $885,413.27 3/31/08 3.197% Qtr.
*Grayson Rural Elec. #619 12/31 $2,242,328.73 3/31/08 3.197% Qtr.
*Grayson Rural Elec. #619 12/31 $916,117.36 3/31/08 3.197% Qtr.
*Grayson Rural Elec. #619 12/31 $935,796.74 3/31/08 3.197% Qtr.
*Grayson Rural Elec. #619 12/31 $1,577,350.57 3/31/08 3.197% Qtr.
*Harrison County #532 12/31 $861,704.03 3/31/08 3.197% Qtr.
*Harrison County #532 12/31 $775,533.65 3/31/08 3.197% Qtr.
*Harrison County #532 12/31 $867,517.68 3/31/08 3.197% Qtr.
*Harrison County #532 12/31 $1,414,626.82 3/31/08 3.197% Qtr.
*Harrison County #532 12/31 $1,523,018.33 3/31/08 3.197% Qtr.
*Hoosier Energy Elec. #901 12/31 $17,425,006.19 1/03/17 3.633% Qtr.
*Hudson Valley Datanet #833 12/31 $4,223,511.45 3/31/08 3.197% Qtr.
*Hudson Valley Datanet #833 12/31 $3,078,000.00 3/31/08 3.197% Qtr.
*Hudson Valley Datanet #833 12/31 $4,252,336.48 3/31/08 3.197% Qtr.
*Hudson Valley Datanet #833 12/31 $1,689,404.58 3/31/08 3.197% Qtr.
*Holmew-Wayne Elec. #455 12/31 $907,157.66 12/31/31 4.503% Qtr.
*Inter-County Energy #592 12/31 $1,292,556.03 3/31/08 3.197% Qtr.
*Inter-County Energy #592 12/31 $1,723,408.10 3/31/08 3.197% Qtr.
*Inter-County Energy #592 12/31 $2,246,462.41 3/31/08 3.197% Qtr.
*Inter-County Energy #592 12/31 $191,214.19 3/31/08 3.197% Qtr.
*Inter-County Energy #850 12/31 $3,710,527.89 3/31/08 3.197% Qtr.
*Inter-County Energy #850 12/31 $1,855,263.93 3/31/08 3.197% Qtr.
*Inter-County Energy #850 12/31 $1,855,380.51 3/31/08 3.197% Qtr.
*Inter-County Energy #850 12/31 $3,291,742.57 3/31/08 3.197% Qtr.
*Inter-County Energy #850 12/31 $3,035,761.86 3/31/08 3.197% Qtr.
*Inter-County Energy #850 12/31 $3,500,454.95 3/31/08 3.197% Qtr.
*Inter-County Energy #850 12/31 $3,121,700.94 3/31/08 3.197% Qtr.
*Ironton Telephone Co. #888 12/31 $2,666,494.33 3/31/08 3.197% Qtr.
*Ironton Telephone Co. #2051 12/31 $2,602,543.59 3/31/08 3.197% Qtr.
*Johnson County Elec. #428 12/31 $3,099,284.63 12/31/31 4.503% Qtr.
*Johnson County Elec. #428 12/31 $1,092,220.54 12/31/31 4.503% Qtr.
*La Plata Electric #2140 12/31 $23,308,104.21 3/31/08 3.197% Qtr.
*Licking Valley Elec. #522 12/31 $2,368,824.39 3/31/08 3.197% Qtr.
*Licking Valley Elec. #854 12/31 $1,867,376.37 3/31/08 3.197% Qtr.
*Licking Valley Elec. #854 12/31 $1,912,463.72 3/31/08 3.197% Qtr.
*Licking Valley Elec. #854 12/31 $1,947,452.92 3/31/08 3.197% Qtr.
*Licking Valley Elec. #854 12/31 $4,721,785.59 3/31/08 3.197% Qtr.
*Lynches River Elec. #634 12/31 $358,598.36 1/03/11 3.120% Qtr.
*Medina Electric #622 12/31 $1,323,245.31 3/31/08 3.197% Qtr.
*Medina Electric #622 12/31 $1,329,252.10 3/31/08 3.197% Qtr.
*Medina Electric #622 12/31 $725,387.28 3/31/08 3.197% Qtr.
*Medina Electric #2050 12/31 $1,903,058.99 3/31/08 3.197% Qtr.
*Medina Electric #2050 12/31 $956,991.05 3/31/08 3.197% Qtr.
*Monitor Coop. Tele. #402 12/31 $61,302.84 12/31/09 3.249% Qtr.
*Moundville Telephone #2159 12/31 $843,804.01 3/31/08 3.197% Qtr.
*Moundville Telephone #2159 12/31 $236,973.79 3/31/08 3.197% Qtr.
*Nolin Rural Elec. #528 12/31 $1,631,205.69 3/31/08 3.197% Qtr.
*Nolin Rural Elec. #577 12/31 $2,225,781.50 3/31/08 3.197% Qtr.
*Nolin Rural Elec. #577 12/31 $2,225,781.50 3/31/08 3.197% Qtr.
*Nolin Rural Elec. #840 12/31 $3,710,527.89 3/31/08 3.197% Qtr.
*Nolin Rural Elec. #840 12/31 $2,734,659.06 3/31/08 3.197% Qtr.
*Northern Electric #666 12/31 $371,814.15 1/02/35 4.410% Qtr.
*Northstar Technology #811 12/31 $1,421,099.04 3/31/08 3.197% Qtr.
*Northstar Technology #811 12/31 $775,077.83 3/31/08 3.197% Qtr.
*Piedmont Rural Tel. #2002 12/31 $2,076,647.66 3/31/08 3.197% Qtr.
*Piedmont Rural Tel. #2002 12/31 $1,370,575.20 3/31/08 3.197% Qtr.
*PRTCommunications #798 12/31 $3,590,660.90 3/31/08 3.197% Qtr.
*PRTCommunications #798 12/31 $1,345,937.04 3/31/08 3.197% Qtr.
*PRTCommunications #798 12/31 $597,999.42 3/31/08 3.197% Qtr.
*PRTCommunications #798 12/31 $844,444.46 3/31/08 3.197% Qtr.
*San Miguel Electric #919 12/31 $5,287,560.04 3/31/08 3.197% Qtr.
*San Miguel Electric #919 12/31 $5,551,999.93 3/31/08 3.197% Qtr.
*Thumb Electric #767 12/31 $813,517.44 12/31/35 4.418% Qtr.
*Virgin Islands Tel. #2089 12/31 $56,226,671.79 3/31/08 3.197% 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 December 31, 2007 November 30, 2007 12/01/07-12/31/07 10/01/07-12/31/07
Agency Debt
U.S. Postal Service $3,215.4 $3,065.9 $149.5 -$984.6
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* $3,215.4 $3,065.9 $149.5 -$984.6
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 $815.9 $835.5 -$19.6 -$20.6
DoEd-HBCU+ $314.5 $313.8 $0.8 $0.8
DHUD-Public Housing Notes $691.4 $691.4 $0.0 -$99.2
General Services Administration+ $2,113.9 $2,116.1 -$2.3 -$6.0
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 $18,762.3 $18,693.2 $69.1 -$424.9
Rural Utilities Service-GETP $2,500.0 $2,500.0 $0.0 $0.0
SBA-State/Local Development Cos. $14.7 $15.4 -$0.6 -$2.3
DOT-Section 511 $2.2 $2.3 -$0.1 -$0.1
VA Homeless Veterans Housing+        $4.9        $4.9        $0.0        $0.0
Subtotal* $25,290.2 $25,243.0 $47.2 -$552.3
========= ========= ========= =========
Grand total* $32,422.2 $32,225.5 $196.7 -$1,536.9
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest