FEBRUARY 2008 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of January 2008. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $31.6 billion on January 31, 2008, posting a decrease of $851.0 million from the level on December 31, 2007. This net change was the result of a decrease in net holdings of agency debt (U.S. Postal Service) of $959.4 million and an increase in net holdings of government-guaranteed loans of $108.4 million. The FFB made 38 disbursements and received 2 prepayments during the month of January. The FFB also extended the maturities of 2 loans guaranteed by the Rural Utilities Service (“RUS”) and reset the interest rate for one loan guaranteed by the Department of Education during the month. |
FEDERAL FINANCING BANK
JANUARY 2007 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 1/02 | $300,000,000.00 | 1/03/08 |
2.640% | S/A |
| U.S. Postal Service | 1/02 | $242,800,000.00 | 1/03/08 |
3.203% | S/A |
| U.S. Postal Service | 1/03 | $200,000,000.00 | 1/04/08 |
2.783% | S/A |
| U.S. Postal Service | 1/03 | $205,500,000.00 | 1/04/08 |
3.315% | S/A |
| U.S. Postal Service | 1/04 | $189,600,000.00 | 1/07/08 |
3.344% | S/A |
| U.S. Postal Service | 1/11 | $180,000,000.00 | 1/14/08 |
3.468% | S/A |
| U.S. Postal Service | 1/11 | $141,900,000.00 | 1/14/08 |
3.365% | S/A |
| U.S. Postal Service | 1/14 | $400,000,000.00 | 1/15/08 |
3.509% | S/A |
| U.S. Postal Service | 1/14 | $260,300,000.00 | 1/15/08 |
3.324% | S/A |
| U.S. Postal Service | 1/15 | $407,700,000.00 | 1/16/08 |
3.274% | S/A |
| U.S. Postal Service | 1/16 | $252,200,000.00 | 1/17/08 |
3.264% | S/A |
| U.S. Postal Service | 1/17 | $58,200,000.00 | 1/18/08 |
3.192% | S/A |
| U.S. Postal Service | 1/25 | $223,700,000.00 | 1/28/08 |
2.171% | S/A |
| U.S. Postal Service | 1/28 | $400,000,000.00 | 1/29/08 |
2.304% | S/A |
| U.S. Postal Service | 1/28 | $93,000,000.00 | 1/29/08 |
2.212% | S/A |
| U.S. Postal Service | 1/29 | $213,900,000.00 | 1/30/08 |
2.253% | S/A |
| U.S. Postal Service | 1/30 | $32,100,000.00 | 1/31/08 |
2.049% | S/A |
| U.S. Postal Service | 1/31 | $1,500,000,000.00 | 2/01/08 |
2.253% | S/A |
| U.S. Postal Service | 1/31 | $256,000,000.00 | 2/01/08 |
1.754% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 1/02 | $586,502.51 | 8/01/35 |
4.504% | S/A |
| Foley Services Contract | 1/03 | $563,560.48 | 7/31/25 |
4.177% | S/A |
| San Francisco Bldg Lease | 1/28 | $546,626.75 | 8/01/35 |
4.246% | S/A |
| San Francisco Bldg Lease | 1/30 | $5,000.00 | 8/01/35 |
4.304% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Clark Atlanta University | 1/02 | $12,771,385.32 | 7/01/08 |
3.487% | S/A |
| Allen University | 1/17 | $52,488.42 | 11/01/17 |
3.703% | S/A |
| RURAL UTILITIES SERVICE | |||||
| East Kentucky Power #2019 | 1/03 | $11,000,000.00 | 1/03/33 |
4.213% | Qtr. |
| East Kentucky Power #2322 | 1/03 | $8,000,000.00 | 12/31/40 |
4.271% | Qtr. |
| Seminole Electric #2325 | 1/04 | $2,652,000.00 | 12/31/36 |
4.265% | Qtr. |
| Scott County Telephone #2175 | 1/08 | $249,000.00 | 12/31/20 |
3.678% | Qtr. |
| East Kentucky Power #2321 | 1/09 | $11,000,000.00 | 12/31/40 |
4.260% | Qtr. |
| Piedmont Rural Tel. #2002 | 1/11 | $5,369,000.00 | 1/03/23 |
3.878% | Qtr. |
| Chesnee Telephone Co. #2018 | 1/14 | $400,000.00 | 12/31/30 |
4.140% | Qtr. |
| Jemez Mountains Elec. #2107 | 1/18 | $3,000,000.00 | 12/31/37 |
4.103% | Qtr. |
| FTC Communications #2101 | 1/22 | $1,177,000.00 | 6/30/08 |
2.855% | Qtr. |
| Medicine Park Tel. Co. #2255 | 1/23 | $58,000.00 | 12/31/12 |
2.552% | Qtr. |
| Buckeye Power #2343 | 1/24 | $61,557,000.00 | 12/31/37 |
3.957% | Qtr. |
| Buckeye Power #2344 | 1/24 | $20,669,000.00 | 12/31/37 |
3.966% | Qtr. |
| Dairyland Power #2262 | 1/31 | $6,344,000.00 | 12/31/40 |
4.310% | Qtr. |
| Whitewater Valley Rural #2189 | 1/31 | $781,000.00 | 12/31/19 |
3.924% | Qtr. |
| RURAL UTILITIES SERVICE - GETP | |||||
| *CFC | 1/15 | $100,000,000.00 | 1/15/13 |
3.065% | Qtr. |
| *CFC | 1/15 | $100,000,000.00 | 1/15/13 |
3.065% | 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 | January 31, 2008 | December 31, 2007 | 1/01/08- 1/31/08 | 10/01/07- 1/31/08 |
| Agency Debt | ||||
| U.S. Postal Service | $2,256.0 | $3,215.4 | -$959.4 | -$1,944.0 |
| 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* | $2,256.0 | $3,215.4 | -$959.4 | -$1,944.0 |
| 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 | $803.7 | $815.9 | -$12.2 | -$32.8 |
| DoEd-HBCU+ | $313.0 | $314.5 | -$1.5 | -$0.7 |
| DHUD-Public Housing Notes | $691.4 | $691.4 | $0.0 | -$99.2 |
| General Services Administration+ | $2,104.2 | $2,113.9 | -$9.7 | -$15.7 |
| 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 | $18,894.5 | $18,762.3 | $132.3 | -$292.7 |
| Rural Utilities Service-GETP | $2,500.0 | $2,500.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $14.3 | $14.7 | -$0.5 | -$2.7 |
| DOT-Section 511 | $2.2 | $2.2 | $0.0 | -$0.1 |
| VA Homeless Veterans Housing+ | $4.9 | $4.9 | $0.0 | $0.0 |
| Subtotal* | $25,398.6 | $25,290.2 | $108.4 | -$443.9 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $31,571.2 | $32,422.2 | -$851.0 | -$2,387.9 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |