DECEMBER 2008 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of November 2008. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $39.4 billion on November 30, 2008, posting a decrease of $305.5 million from the level on October 31, 2008. This net change was the result of a decrease in net holdings of agency debt of $322.0 million and an increase in net holdings of government-guaranteed loans of $16.5 million. The FFB made 51 disbursements and received 3 prepayments during the month of November. The FFB also reset the interest rate for one loan guaranteed by the Department of Education during the month. |
FEDERAL FINANCING BANK
NOVEMBER 2008 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| NATIONAL CREDIT UNION ADMIN. - CLF | |||||
| National Credit Union | 11/03 | $1,500,000.00 | 2/02/09 | 0.593% | S/A |
| National Credit Union | 11/04 | $6,500,000.00 | 2/02/09 | 0.607% | S/A |
| National Credit Union | 11/06 | $2,100,000.00 | 2/04/09 | 0.516% | S/A |
| National Credit Union | 11/07 | $6,500,000.00 | 2/05/09 | 0.440% | S/A |
| National Credit Union | 11/10 | $3,000,000.00 | 2/09/09 | 0.447% | S/A |
| National Credit Union | 11/12 | $30,000,000.00 | 2/11/09 | 0.415% | S/A |
| National Credit Union | 11/17 | $5,000,000.00 | 2/17/09 | 0.285% | S/A |
| National Credit Union | 11/18 | $1,000,000.00 | 2/17/09 | 0.243% | S/A |
| National Credit Union | 11/24 | $4,500,000.00 | 2/23/09 | 0.148% | S/A |
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 11/03 | $600,000,000.00 | 11/04/08 | 0.257% | S/A |
| U.S. Postal Service | 11/03 | $343,700,000.00 | 11/04/08 | 0.308% | S/A |
| U.S. Postal Service | 11/04 | $200,000,000.00 | 11/05/08 | 0.237% | S/A |
| U.S. Postal Service | 11/04 | $401,800,000.00 | 11/05/08 | 0.419% | S/A |
| U.S. Postal Service | 11/05 | $406,000,000.00 | 11/06/08 | 0.277% | S/A |
| U.S. Postal Service | 11/06 | $191,000,000.00 | 11/07/08 | 0.257% | S/A |
| U.S. Postal Service | 11/07 | $88,100,000.00 | 11/10/08 | 0.247% | S/A |
| U.S. Postal Service | 11/14 | $381,000,000.00 | 11/17/08 | 0.186% | S/A |
| U.S. Postal Service | 11/17 | $400,000,000.00 | 11/18/08 | 0.206% | S/A |
| U.S. Postal Service | 11/17 | $249,800,000.00 | 11/18/08 | 0.186% | S/A |
| U.S. Postal Service | 11/18 | $362,900,000.00 | 11/19/08 | 0.226% | S/A |
| U.S. Postal Service | 11/19 | $182,000,000.00 | 11/20/08 | 0.216% | S/A |
| U.S. Postal Service | 11/28 | $1,500,000,000.00 | 12/01/08 | 0.166% | S/A |
| U.S. Postal Service | 11/28 | $167,700,000.00 | 12/01/08 | 0.145% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| Foley Services Contract | 11/05 | $408,625.58 | 7/31/25 | 4.151% | S/A |
| San Francisco Bldg Lease | 11/10 | $395,279.71 | 8/01/35 | 4.448% | S/A |
| San Francisco Bldg Lease | 11/10 | $368,258.85 | 8/01/35 | 4.448% | S/A |
| San Francisco Bldg Lease | 11/28 | $223,481.92 | 8/01/35 | 3.664% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Tuskegee Univ. | 11/03 | $2,000,000.00 | 5/01/09 | 0.942% | S/A |
| Tougaloo College | 11/06 | $211,707.23 | 12/01/08 | 0.152% | S/A |
| Clark Atlanta University | 11/26 | $4,040,607.07 | 2/02/37 | 3.627% | S/A |
| Allen University | 11/28 | $766,955.71 | 5/01/25 | 3.761% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Cumberland Valley #2358 | 11/03 | $2,500,000.00 | 3/31/09 | 0.775% | Qtr. |
| Clark Energy Coop. #2419 | 11/04 | $4,000,000.00 | 3/31/09 | 0.875% | Qtr. |
| Grundy Elec. Coop. #2397 | 11/06 | $1,000,000.00 | 12/31/42 | 4.182% | Qtr. |
| East Kentucky Power #2322 | 11/07 | $25,000,000.00 | 12/31/40 | 4.222% | Qtr. |
| Flint Elec. #2145 | 11/07 | $7,970,000.00 | 1/03/34 | 4.230% | Qtr. |
| East Kentucky Power #2322 | 11/10 | $25,000,000.00 | 12/31/40 | 4.280% | Qtr. |
| French Broad Elec. #2391 | 11/10 | $5,000,000.00 | 12/31/42 | 4.277% | Qtr. |
| Harrison County Rural #2184 | 11/12 | $1,000,000.00 | 1/03/39 | 4.239% | Qtr. |
| Ragland Telephone #2316 | 11/12 | $190,000.00 | 1/02/29 | 4.117% | Qtr. |
| White River Valley Elec #2410 | 11/14 | $5,000,000.00 | 12/31/18 | 3.767% | Qtr. |
| Whitewater Valley Rural #2336 | 11/14 | $450,000.00 | 3/31/33 | 4.343% | Qtr. |
| Northwestern Elec Coop #2431 | 11/18 | $5,000,000.00 | 12/31/42 | 4.171% | Qtr. |
| Trico Electric Coop. #2402 | 11/21 | $1,000,000.00 | 12/31/42 | 3.623% | Qtr. |
| Cullman Electric Coop. #2406 | 11/24 | $15,000,000.00 | 12/31/37 | 3.692% | Qtr. |
| Hancock Rural Tel. Corp #2252 | 11/24 | $868,000.00 | 1/03/23 | 3.058% | Qtr. |
| Red River Rural Tel. #2113 | 11/24 | $500,000.00 | 1/03/23 | 3.058% | Qtr. |
| Southern Iowa Electric #2332 | 11/25 | $1,930,000.00 | 12/31/41 | 3.777% | Qtr. |
| Southern Iowa Electric #2395 | 11/25 | $2,571,845.00 | 12/31/42 | 3.780% | Qtr. |
| Basin Electric #2211 | 11/28 | $4,633,000.00 | 1/03/39 | 3.528% | Qtr. |
| Central Iowa Power Coop #2240 | 11/28 | $2,200,000.00 | 12/31/35 | 3.437% | Qtr. |
| Dairyland Power #2262 | 11/28 | $989,000.00 | 12/31/40 | 3.526% | Qtr. |
S/A is a Semiannual rate
Qtr. is a Quarterly rate
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | November 30, 2008 | October 31, 2008 | 11/01/08-11/30/08 | 10/01/08-11/30/08 |
| Agency Debt | ||||
| U.S. Postal Service | $6,667.7 | $7,049.3 | -$381.6 | -$532.3 |
| National Credit Union Adm.-CLF | $1,747.0 | $1,687.4 | $59.6 | $637.9 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $490.6 | $490.6 | $0.0 | $461.1 |
| Subtotal* | $8,905.3 | $9,227.3 | -$322.0 | $566.6 |
| 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 | $679.6 | $680.1 | -$0.5 | -$0.7 |
| DoEd-HBCU+ | $345.4 | $340.5 | $4.8 | $8.4 |
| DHUD-Public Housing Notes | $587.0 | $691.4 | -$104.4 | -$104.4 |
| General Services Administration+ | $2,072.0 | $2,070.6 | $1.3 | -$5.6 |
| DON-Ship Lease Financing | $16.6 | $16.6 | $0.0 | $0.0 |
| Rural Utilities Service | $20,107.4 | $19,991.6 | $115.8 | $413.9 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $8.8 | $9.4 | -$0.6 | -$1.2 |
| DOT-Section 511 | $2.0 | $2.0 | $0.0 | $0.0 |
| VA Homeless Veterans Housing+ | $4.9 | $4.9 | $0.0 | $0.0 |
| Subtotal* | $26,823.7 | $26,807.2 | $16.5 | $310.3 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $39,361.6 | $39,667.0 | -$305.5 | $876.9 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |