SEPTEMBER 2008 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of August 2008. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $30.5 billion on August 31, 2008, posting an increase of $87.0 million from the level on July 31, 2008. This net change was the result of a decrease in net holdings of agency debt of $262.3 million and an increase in net holdings of government-guaranteed loans of $349.3 million. The FFB made 31 disbursements and received 13 prepayments during the month of August. |
FEDERAL FINANCING BANK
August 2008 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate=20 | |
| AGENCY DEBT | |||||
| HOPE FOR HOMEOWNERS | |||||
| HOPE Bonds | 8/28 | $29,535,000.00 | 10/15/08 | 1.597% | Qtr. |
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 8/29 | $300,000,000.00 | 9/02/08 | 1.709% | S/A |
| U.S. Postal Service | 8/29 | $266,200,000.00 | 9/02/08 | 1.749% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| Foley Services Contract | 8/08 | $56,257.51 | 7/31/25 | 4.210% | S/A |
| San Francisco Bldg Lease | 8/20 | $306,556.91 | 8/01/35 | 4.448% | S/A |
| Foley Services Contract | 8/21 | $120,101.66 | 7/31/25 | 4.067% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| Tougaloo College | 8/06 | $131,465.75 | 12/01/08 | 1.801% | S/A |
| Allen University | 8/19 | $1,060,726.45 | 5/02/22 | 4.195% | S/A |
| Southern University | 8/19 | $156,544.00 | 12/01/08 | 1.843% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Arkansas Valley Elec. #2292 | 8/01 | $6,000,000.00 | 12/31/40 | 4.482% | Qtr. |
| Cumberland Valley #2358 | 8/01 | $4,000,000.00 | 12/31/08 | 1.814% | Qtr. |
| Southeast Colorado Power #2146 | 8/01 | $2,141,000.00 | 12/31/37 | 4.459% | Qtr. |
| Hancock Rural Tel. Corp #2252 | 8/04 | $2,000,000.00 | 1/03/23 | 3.906% | Qtr. |
| Irwin Electric #2360 | 8/11 | $7,000,000.00 | 12/31/42 | 4.458% | Qtr. |
| Central Elec. Power #2285 | 8/13 | $6,416,000.00 | 6/30/10 | 2.403% | Qtr. |
| Oglethorpe Power #2329 | 8/13 | $4,309,600.00 | 12/31/41 | 4.351% | Qtr. |
| Basin Electric #2331 | 8/15 | $50,964,000.00 | 12/31/36 | 4.371% | Qtr. |
| Jemez Mountains Elec. #2107 | 8/15 | $7,400,000.00 | 12/31/37 | 4.365% | Qtr. |
| Southeast Colorado Power #2146 | 8/15 | $416,000.00 | 12/31/37 | 4.382% | Qtr. |
| Tennessee Valley Elec. #2079 | 8/18 | $2,000,000.00 | 12/31/37 | 4.333% | Qtr. |
| Pee Dee Elec. #2357 | 8/20 | $12,056,000.00 | 9/30/13 | 3.062% | Qtr. |
| Jemez Mountains Elec. #2107 | 8/22 | $1,138,000.00 | 12/31/37 | 4.304% | Qtr. |
| Plateau Electric Coop. #2365 | 8/22 | $4,000,000.00 | 12/31/37 | 4.326% | Qtr. |
| Wilkes Tele. & Elec. #851 | 8/22 | $1,086,000.00 | 12/31/18 | 3.359% | Qtr. |
| Georgia Trans. Corp. #2342 | 8/25 | $25,005,000.00 | 12/31/40 | 4.357% | Qtr. |
| Alabama Electric #2338 | 8/27 | $26,036,000.00 | 12/31/35 | 4.239% | Qtr. |
| Central Rural Electric #2354 | 8/27 | $4,875,000.00 | 9/30/11 | 2.648% | Qtr. |
| Springer Electric Coop. #2141 | 8/28 | $33,000.00 | 12/31/37 | 4.244% | Qtr. |
| Dairyland Power #2262 | 8/29 | $784,000.00 | 12/31/40 | 4.274% | Qtr. |
| Scott County Telephone #2175 | 8/29 | $224,000.00 | 12/31/20 | 3.545% | Qtr. |
| Seminole Electric #2366 | 8/29 | $215,210,000.00 | 12/31/37 | 4.251% | Qtr. |
S/A is a Semiannual rate
Qtr. is a Quarterly rate
(in millions of=20 dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | August 31, 2008 | July 31, 2008 | 8/01/08- 8/31/08 | 10/01/07- 8/31/08 |
| Agency Debt | ||||
| U.S. Postal Service | $566.2 | $858.0 | -$291.8 | -$3,633.8 |
| 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 |
| HOPE for Homeowners Bonds | $29.5 | = $0.0 | $29.5 | = $29.5 |
| Subtotal* | $595.7 | $858.0 | -$262.3 | -$3,604.3 |
| Agency Assets | ||||
| Rural Utilities Service-CBO | $3,819.6 | $3,819.6 | = $0.0 | -$97.0 |
| Subtotal* | $3,819.6 | $3,819.6 | $0.0 | -$97.0 |
| Government-Guaranteed Lending | ||||
| DOD-Foreign Military Sales | $698.0 | $731.7 | -$33.7 | -$138.4 |
| DoEd-HBCU+ | $328.5 | $327.1 | $1.3 | $14.7 |
| DHUD-Public Housing Notes | $691.4 | $691.4 | $0.0 | -$99.2 |
| General Services Administration+ | $2,080.1 | $2,081.2 | -$1.0 | -$39.8 |
| DOI-Virgin Islands | $0.0 | $0.0 | $0.0 | -$0.8 |
| DON-Ship Lease Financing | $16.6 | $16.6 | $0.0 | -$53.0 |
| Rural Utilities Service | $19,763.0 | $19,379.9 | $383.1 | $575.7 |
| Rural Utilities Service-GETP | $2,500.0 | $2,500.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $10.3 | $10.8 | -$0.5 | -$6.7 |
| DOT-Section 511 | $2.1 | $2.1 | $0.0 | -$0.2 |
| VA Homeless Veterans Housing+ | = $4.9 | = $4.9 | = $0.0 | = $0.0 |
| Subtotal* | $26,094.9 | $25,745.6 | $349.3 | $252.4 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $30,510.2 | $30,423.1 | $87.0 | -$3,448.9 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized=20 interest |