NOVEMBER 2008 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of October 2008. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $39.7 billion on October 31, 2008, posting an increase of $1,182.4 million from the level on September 30, 2008. This net change was the result of increases in net holdings of agency debt of $888.6 million and in net holdings of government-guaranteed loans of $293.8 million. The FFB made 88 disbursements and received 3 prepayments during the month of October. The FFB also reset the interest rate for one loan issued by the HOPE for Homeowners program during the month. Attached to this release are tables presenting FFB October loan activity and FFB holdings as of October 31, 2008. |
FEDERAL FINANCING BANK
OCTOBER 2008 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| NATIONAL CREDIT UNION ADMIN. - CLF | |||||
| National Credit Union | 10/01 | $62,749,000.00 | 12/30/08 | 1.042% | S/A |
| National Credit Union | 10/02 | $75,000,000.00 | 1/02/09 | 0.978% | S/A |
| National Credit Union | 10/03 | $5,077,000.00 | 1/02/09 | 0.755% | S/A |
| National Credit Union | 10/08 | $3,200,000.00 | 1/06/09 | 0.938% | S/A |
| National Credit Union | 10/09 | $7,500,000.00 | 1/07/09 | 0.800% | S/A |
| National Credit Union | 10/14 | $26,055,423.00 | 1/12/09 | 0.388% | S/A |
| National Credit Union | 10/14 | $11,800,000.00 | 1/12/09 | 0.388% | S/A |
| National Credit Union | 10/16 | $18,500,000.00 | 1/14/09 | 0.343% | S/A |
| National Credit Union | 10/17 | $8,461,180.00 | 1/15/09 | 0.582% | S/A |
| National Credit Union | 10/20 | $21,710,808.00 | 1/21/09 | 0.982% | S/A |
| National Credit Union | 10/21 | $1,062,200.00 | 1/21/09 | 1.378% | S/A |
| National Credit Union | 10/21 | $275,000,000.00 | 4/20/09 | 1.863% | S/A |
| National Credit Union | 10/23 | $15,400,000.00 | 1/21/09 | 1.165% | S/A |
| National Credit Union | 10/28 | $400,000.00 | 1/26/09 | 0.956% | S/A |
| National Credit Union | 10/29 | $3,000,000.00 | 1/27/09 | 0.886% | S/A |
| National Credit Union | 10/30 | $37,300,000.00 | 1/28/09 | 0.740% | S/A |
| National Credit Union | 10/31 | $6,000,000.00 | 1/29/09 | 0.531% | S/A |
| HOPE FOR HOMEOWNERS | |||||
| *HOPE Bonds | 10/15 | $29,535,000.00 | 1/15/09 | 0.345% | Qtr. |
| HOPE Bonds | 10/15 | $62,028.36 | 1/15/09 | 0.345% | Qtr. |
| HOPE Bonds | 10/23 | $461,000,000.00 | 1/15/09 | 0.998% | Qtr. |
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 10/01 | $102,100,000.00 | 10/02/08 | 0.784% | S/A |
| U.S. Postal Service | 10/03 | $800,000,000.00 | 10/06/08 | 0.784% | S/A |
| U.S. Postal Service | 10/03 | $178,400,000.00 | 10/06/08 | 0.257% | S/A |
| U.S. Postal Service | 10/06 | $1,000,000,000.00 | 10/07/08 | 0.318% | S/A |
| U.S. Postal Service | 10/06 | $163,600,000.00 | 10/07/08 | 0.277% | S/A |
| U.S. Postal Service | 10/07 | $600,000,000.00 | 10/08/08 | 0.257% | S/A |
| U.S. Postal Service | 10/07 | $215,400,000.00 | 10/08/08 | 0.510% | S/A |
| U.S. Postal Service | 10/08 | $250,000,000.00 | 10/09/08 | 0.277% | S/A |
| U.S. Postal Service | 10/08 | $413,300,000.00 | 10/09/08 | 0.338% | S/A |
| U.S. Postal Service | 10/09 | $100,000,000.00 | 10/10/08 | 0.510% | S/A |
| U.S. Postal Service | 10/09 | $384,200,000.00 | 10/10/08 | 0.297% | S/A |
| U.S. Postal Service | 10/10 | $150,000,000.00 | 10/14/08 | 0.338% | S/A |
| U.S. Postal Service | 10/10 | $156,200,000.00 | 10/14/08 | 0.186% | S/A |
| U.S. Postal Service | 10/14 | $59,300,000.00 | 10/15/08 | 0.176% | S/A |
| U.S. Postal Service | 10/17 | $450,000,000.00 | 10/20/08 | 0.176% | S/A |
| U.S. Postal Service | 10/17 | $269,300,000.00 | 10/20/08 | 0.196% | S/A |
| U.S. Postal Service | 10/20 | $800,000,000.00 | 10/21/08 | 0.226% | S/A |
| U.S. Postal Service | 10/20 | $144,800,000.00 | 10/21/08 | 0.551% | S/A |
| U.S. Postal Service | 10/21 | $550,000,000.00 | 10/22/08 | 0.196% | S/A |
| U.S. Postal Service | 10/21 | $115,100,000.00 | 10/22/08 | 0.825% | S/A |
| U.S. Postal Service | 10/22 | $300,000,000.00 | 10/23/08 | 0.551% | S/A |
| U.S. Postal Service | 10/22 | $211,200,000.00 | 10/23/08 | 0.703% | S/A |
| U.S. Postal Service | 10/23 | $200,000,000.00 | 10/24/08 | 0.825% | S/A |
| U.S. Postal Service | 10/23 | $109,400,000.00 | 10/24/08 | 0.480% | S/A |
| U.S. Postal Service | 10/24 | $115,000,000.00 | 10/27/08 | 0.409% | S/A |
| U.S. Postal Service | 10/31 | $1,700,000,000.00 | 11/03/08 | 0.531% | S/A |
| U.S. Postal Service | 10/31 | $349,300,000.00 | 11/03/08 | 0.237% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 10/21 | $267,419.32 | 8/01/35 | 4.492% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| Allen University | 10/07 | $1,024,015.82 | 11/01/23 | 4.036% | S/A |
| Clark Atlanta University | 10/07 | $1,810,865.51 | 2/02/37 | 3.922% | S/A |
| Allen University | 10/28 | $601,854.80 | 5/01/24 | 4.542% | S/A |
| Southern University | 10/28 | $120,718.79 | 12/01/08 | 0.345% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Adams Rural Electric #2375 | 10/02 | $1,750,000.00 | 12/31/42 | 4.164% | Qtr. |
| Black Hills Elec. Coop. #2378 | 10/02 | $5,000,000.00 | 12/31/37 | 4.149% | Qtr. |
| Prairie Elec. #2393 | 10/03 | $30,516,000.00 | 12/31/35 | 4.070% | Qtr. |
| Kennebec Telephone #2293 | 10/06 | $206,750.00 | 12/31/25 | 3.649% | Qtr. |
| Citizens Tel. of NY #2290 | 10/07 | $91,000.00 | 1/03/23 | 3.342% | Qtr. |
| Darke Rural Elec. Coop. #2377 | 10/07 | $1,000,000.00 | 12/31/42 | 3.933% | Qtr. |
| Sioux Val.-Southwestern #2198 | 10/07 | $5,000,000.00 | 12/31/35 | 3.895% | Qtr. |
| Whetstone Valley #2370 | 10/09 | $1,000,000.00 | 12/31/42 | 4.080% | Qtr. |
| Brantley Telephone Co. #2301 | 10/10 | $625,000.00 | 12/31/24 | 3.885% | Qtr. |
| East Kentucky Power #2019 | 10/14 | $4,200,000.00 | 1/03/33 | 4.181% | Qtr. |
| East Kentucky Power #2322 | 10/14 | $7,900,000.00 | 12/31/40 | 4.173% | Qtr. |
| Federal Rural Elec. #2364 | 10/15 | $3,400,000.00 | 12/31/42 | 4.315% | Qtr. |
| Le-Ru Telephone #694 | 10/20 | $321,000.00 | 12/31/20 | 3.594% | Qtr. |
| Little Ocmulgee Elec. #2398 | 10/20 | $5,000,000.00 | 12/31/37 | 4.393% | Qtr. |
| Southern Iowa Electric #2395 | 10/20 | $2,380,000.00 | 12/31/42 | 4.360% | Qtr. |
| Trico Electric Coop. #2402 | 10/20 | $2,000,000.00 | 12/31/42 | 4.360% | Qtr. |
| Agralite Elec. #2369 | 10/21 | $2,898,000.00 | 12/31/42 | 4.302% | Qtr. |
| North Arkansas Elec. #2279 | 10/21 | $12,225,000.00 | 12/31/40 | 4.309% | Qtr. |
| Pioneer Electric Coop. #2394 | 10/21 | $8,675,000.00 | 12/31/42 | 4.302% | Qtr. |
| South Kentucky Electric #2348 | 10/21 | $5,400,000.00 | 3/31/09 | 1.695% | Qtr. |
| Missouri Rural Elec. #2389 | 10/24 | $2,000,000.00 | 12/31/42 | 4.001% | Qtr. |
| Scott County Telephone #2175 | 10/24 | $130,000.00 | 12/31/20 | 3.258% | Qtr. |
| Wilkes Tele. & Elec. #851 | 10/24 | $225,000.00 | 12/31/18 | 2.924% | Qtr. |
| Glidden Rural Elec Coop #2372 | 10/27 | $600,000.00 | 12/31/42 | 4.153% | Qtr. |
| Northern Neck Elec. #2404 | 10/27 | $5,900,000.00 | 12/31/42 | 4.153% | Qtr. |
| Codington-Clark Elec. #2392 | 10/28 | $800,000.00 | 12/31/42 | 4.164% | Qtr. |
| Kotzebue Electric #2155 | 10/28 | $291,500.00 | 12/31/30 | 4.171% | Qtr. |
| Kotzebue Electric #2155 | 10/28 | $600,000.00 | 12/31/30 | 4.171% | Qtr. |
| Buckeye Power #2407 | 10/30 | $66,858,000.00 | 12/31/37 | 4.258% | Qtr. |
| Buckeye Power #2409 | 10/30 | $34,541,000.00 | 12/31/37 | 4.266% | Qtr. |
| Gunnison County Elec. #2310 | 10/30 | $831,000.00 | 12/31/41 | 4.311% | Qtr. |
| Lumbee River Elec. #2363 | 10/30 | $15,000,000.00 | 12/31/42 | 4.309% | Qtr. |
| Midwest Electric #2416 | 10/30 | $10,000,000.00 | 12/31/42 | 4.310% | Qtr. |
| White River Valley Elec #2410 | 10/30 | $15,000,000.00 | 1/03/39 | 4.311% | Qtr. |
| Dairyland Power #2262 | 10/31 | $649,000.00 | 12/31/40 | 4.375% | Qtr. |
| N. Carolina Elec. #2259 | 10/31 | $2,253,000.00 | 12/31/26 | 4.250% | Qtr. |
| N. Carolina Elec. #2359 | 10/31 | $42,827,000.00 | 1/03/39 | 4.395% | Qtr. |
S/A is a Semiannual rate
Qtr. is a Quarterly rate
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | October 31, 2008 | September 30, 2008 | 10/01/08-10/31/08 | 10/01/08-10/31/08 |
| Agency Debt | ||||
| U.S. Postal Service | $7,049.3 | $7,200.0 | -$150.7 | -$150.7 |
| National Credit Union Adm.-CLF | $1,687.4 | $1,109.2 | $578.2 | $578.2 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $490.6 | $29.5 | $461.1 | $461.1 |
| Subtotal* | $9,227.3 | $8,338.7 | $888.6 | $888.6 |
| Agency Assets | ||||
| Rural Utilities Service-CBO | $3,632.6 | $3,632.6 | $0.0 | $0.0 |
| Subtotal* | $3,632.6 | $3,632.6 | $0.0 | $0.0 |
| Government-Guaranteed Lending | ||||
| DOD-Foreign Military Sales | $680.1 | $680.4 | -$0.2 | -$0.2 |
| DoEd-HBCU+ | $340.5 | $337.0 | $3.6 | $3.6 |
| DHUD-Public Housing Notes | $691.4 | $691.4 | $0.0 | $0.0 |
| General Services Administration+ | $2,070.6 | $2,077.6 | -$7.0 | -$7.0 |
| DON-Ship Lease Financing | $16.6 | $16.6 | $0.0 | $0.0 |
| Rural Utilities Service | $19,991.6 | $19,693.5 | $298.1 | $298.1 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $9.4 | $10.0 | -$0.7 | -$0.7 |
| DOT-Section 511 | $2.0 | $2.0 | $0.0 | $0.0 |
| VA Homeless Veterans Housing+ | $4.9 | $4.9 | $0.0 | $0.0 |
| Subtotal* | $26,807.2 | $26,513.4 | $293.8 | $293.8 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $39,667.0 | $38,484.7 | $1,182.4 | $1,182.4 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |