FEBRUARY 2009 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of January 2009. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $44.2 billion on January 31, 2009, posting an increase of $5,065.1 million from the level on December 31, 2008. This net change was the result of increases in net holdings of agency debt of $4,540.9 million and in net holdings of government-guaranteed loans of $524.1 million. The FFB made 112 disbursements and received 3 prepayments during the month. The FFB reset the interest rate for one loan guaranteed by the Department of Education and rolled over the principal for 13 loans disbursed to the National Credit Union Administration Central Liquidity Facility. The FFB also reset the interest rate for 3 loans issued by the HOPE for Homeowners program during the month of January. Attached to this release are tables presenting FFB January loan activity and FFB holdings as of January 31, 2009. |
FEDERAL FINANCING BANK
JANUARY 2009 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| NATIONAL CREDIT UNION ADMIN. - CLF | |||||
| *National Credit Union | 1/02 | $75,000,000.00 | 4/02/09 | 0.237% | S/A |
| *National Credit Union | 1/02 | $4,077,000.00 | 4/02/09 | 0.237% | S/A |
| National Credit Union | 1/02 | $4,777,699.00 | 12/31/09 | 0.494% | S/A |
| National Credit Union | 1/02 | $8,000,000.00 | 4/02/09 | 0.237% | S/A |
| National Credit Union | 1/02 | $159,238,518.00 | 12/31/09 | 0.494% | S/A |
| *National Credit Union | 1/06 | $3,200,000.00 | 4/06/09 | 0.262% | S/A |
| *National Credit Union | 1/07 | $1,000,000.00 | 4/07/09 | 0.264% | S/A |
| National Credit Union | 1/08 | $20,000,000.00 | 4/08/09 | 0.235% | S/A |
| National Credit Union | 1/09 | $4,801,984,000.00 | 1/08/10 | 0.565% | S/A |
| *National Credit Union | 1/12 | $1,055,423.00 | 4/13/09 | 0.203% | S/A |
| *National Credit Union | 1/12 | $3,700,000.00 | 4/13/09 | 0.203% | S/A |
| National Credit Union | 1/13 | $15,000,000.00 | 4/13/09 | 0.242% | S/A |
| National Credit Union | 1/14 | $85,000,000.00 | 4/14/09 | 0.233% | S/A |
| *National Credit Union | 1/14 | $18,500,000.00 | 4/14/09 | 0.233% | S/A |
| National Credit Union | 1/15 | $7,500,000.00 | 4/15/09 | 0.245% | S/A |
| *National Credit Union | 1/15 | $8,000,000.00 | 4/15/09 | 0.245% | S/A |
| *National Credit Union | 1/21 | $5,710,808.00 | 4/21/09 | 0.254% | S/A |
| *National Credit Union | 1/21 | $4,500,000.00 | 4/21/09 | 0.254% | S/A |
| National Credit Union | 1/22 | $12,500,000.00 | 2/23/09 | 0.159% | S/A |
| National Credit Union | 1/23 | $1,100,000.00 | 4/23/09 | 0.226% | S/A |
| National Credit Union | 1/27 | $1,500,000.00 | 4/27/09 | 0.271% | S/A |
| *National Credit Union | 1/27 | $3,000,000.00 | 4/27/09 | 0.271% | S/A |
| *National Credit Union | 1/28 | $25,000,000.00 | 4/28/09 | 0.254% | S/A |
| *National Credit Union | 1/29 | $3,000,000.00 | 4/29/09 | 0.316% | S/A |
| HOPE FOR HOMEOWNERS | |||||
| *HOPE Bonds | 1/15 | $29,535,000.00 | 4/15/09 | 0.120% | Qtr. |
| *HOPE Bonds | 1/15 | $62,028.36 | 4/15/09 | 0.120% | Qtr. |
| HOPE Bonds | 1/15 | $1,084,546.89 | 1/18/39 | 2.879% | Qtr. |
| *HOPE Bonds | 1/15 | $461,000,000.00 | 4/15/09 | 0.120% | Qtr. |
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 1/02 | $1,000,000,000.00 | 1/05/09 | 0.237% | S/A |
| U.S. Postal Service | 1/02 | $434,700,000.00 | 1/05/09 | 0.166% | S/A |
| U.S. Postal Service | 1/05 | $900,000,000.00 | 1/06/09 | 0.237% | S/A |
| U.S. Postal Service | 1/05 | $308,900,000.00 | 1/06/09 | 0.166% | S/A |
| U.S. Postal Service | 1/06 | $500,000,000.00 | 1/07/09 | 0.166% | S/A |
| U.S. Postal Service | 1/06 | $310,500,000.00 | 1/07/09 | 0.176% | S/A |
| U.S. Postal Service | 1/07 | $400,000,000.00 | 1/08/09 | 0.166% | S/A |
| U.S. Postal Service | 1/07 | $184,500,000.00 | 1/08/09 | 0.155% | S/A |
| U.S. Postal Service | 1/08 | $200,000,000.00 | 1/09/09 | 0.176% | S/A |
| U.S. Postal Service | 1/08 | $178,800,000.00 | 1/09/09 | 0.166% | S/A |
| U.S. Postal Service | 1/09 | $1,450,000,000.00 | 1/12/09 | 0.155% | S/A |
| U.S. Postal Service | 1/09 | $158,000,000.00 | 1/12/09 | 0.155% | S/A |
| U.S. Postal Service | 1/12 | $1,650,000,000.00 | 1/13/09 | 0.166% | S/A |
| U.S. Postal Service | 1/12 | $263,800,000.00 | 1/13/09 | 0.155% | S/A |
| U.S. Postal Service | 1/13 | $1,500,000,000.00 | 1/14/09 | 0.155% | S/A |
| U.S. Postal Service | 1/13 | $197,900,000.00 | 1/14/09 | 0.145% | S/A |
| U.S. Postal Service | 1/14 | $1,300,000,000.00 | 1/15/09 | 0.155% | S/A |
| U.S. Postal Service | 1/14 | $281,100,000.00 | 1/15/09 | 0.196% | S/A |
| U.S. Postal Service | 1/15 | $1,100,000,000.00 | 1/16/09 | 0.145% | S/A |
| U.S. Postal Service | 1/15 | $286,400,000.00 | 1/16/09 | 0.155% | S/A |
| U.S. Postal Service | 1/16 | $1,400,000,000.00 | 1/21/09 | 0.196% | S/A |
| U.S. Postal Service | 1/21 | $400,000,000.00 | 1/22/09 | 0.166% | S/A |
| U.S. Postal Service | 1/21 | $244,300,000.00 | 1/22/09 | 0.155% | S/A |
| U.S. Postal Service | 1/22 | $200,000,000.00 | 1/23/09 | 0.155% | S/A |
| U.S. Postal Service | 1/22 | $241,100,000.00 | 1/23/09 | 0.155% | S/A |
| U.S. Postal Service | 1/23 | $1,475,000,000.00 | 1/26/09 | 0.155% | S/A |
| U.S. Postal Service | 1/23 | $119,400,000.00 | 1/26/09 | 0.155% | S/A |
| U.S. Postal Service | 1/26 | $1,650,000,000.00 | 1/27/09 | 0.155% | S/A |
| U.S. Postal Service | 1/26 | $174,400,000.00 | 1/27/09 | 0.135% | S/A |
| U.S. Postal Service | 1/27 | $1,300,000,000.00 | 1/28/09 | 0.155% | S/A |
| U.S. Postal Service | 1/27 | $276,800,000.00 | 1/28/09 | 0.176% | S/A |
| U.S. Postal Service | 1/28 | $1,100,000,000.00 | 1/29/09 | 0.135% | S/A |
| U.S. Postal Service | 1/28 | $320,400,000.00 | 1/29/09 | 0.206% | S/A |
| U.S. Postal Service | 1/29 | $900,000,000.00 | 1/30/09 | 0.176% | S/A |
| U.S. Postal Service | 1/29 | $324,300,000.00 | 1/30/09 | 0.267% | S/A |
| U.S. Postal Service | 1/30 | $2,100,000,000.00 | 2/02/09 | 0.206% | S/A |
| U.S. Postal Service | 1/30 | $372,900,000.00 | 2/02/09 | 0.267% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| Foley Services Contract | 1/22 | $386,643.72 | 7/31/25 | 2.980% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Clark Atlanta University | 1/02 | $12,031,385.32 | 7/01/09 | 0.273% | S/A |
| Allen University | 1/30 | $1,565,160.02 | 11/01/28 | 3.854% | S/A |
| Southern University | 1/30 | $2,352,404.43 | 6/01/09 | 0.278% | S/A |
| Tougaloo College | 1/30 | $395,053.13 | 6/01/09 | 0.278% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Karnes Elec. #2380 | 1/02 | $3,311,000.00 | 12/31/42 | 2.750% | Qtr. |
| Luck Telephone Company #2313 | 1/05 | $907,574.00 | 12/31/24 | 2.655% | Qtr. |
| Peoples Cooperative Svcs #2445 | 1/06 | $9,400,000.00 | 12/31/42 | 3.054% | Qtr. |
| Sioux Val.-Southwestern #2198 | 1/08 | $2,778,000.00 | 12/31/35 | 3.123% | Qtr. |
| Codington-Clark Elec. #2392 | 1/09 | $1,000,000.00 | 12/31/42 | 3.078% | Qtr. |
| Gunnison County Elec. #2310 | 1/09 | $1,794,000.00 | 12/31/41 | 3.078% | Qtr. |
| Charles Mix Elec. #2432 | 1/12 | $1,600,000.00 | 12/31/42 | 3.071% | Qtr. |
| Menard Elec. #2453 | 1/12 | $2,500,000.00 | 12/31/42 | 3.073% | Qtr. |
| Southern Iowa Electric #2395 | 1/12 | $550,000.00 | 12/31/42 | 3.071% | Qtr. |
| Alabama Electric #2338 | 1/13 | $10,704,000.00 | 12/31/35 | 3.004% | Qtr. |
| Cumberland Electric #2414 | 1/13 | $39,000,000.00 | 1/03/39 | 3.010% | Qtr. |
| RT Communications #438 | 1/13 | $3,497,000.00 | 6/30/09 | 0.399% | Qtr. |
| Seminole Electric #2366 | 1/13 | $9,614,000.00 | 12/31/37 | 3.008% | Qtr. |
| Whetstone Valley #2370 | 1/13 | $490,000.00 | 12/31/42 | 3.002% | Qtr. |
| Sawnee Electric #2423 | 1/15 | $32,567,000.00 | 12/31/42 | 2.892% | Qtr. |
| Western Coop. Elec. #2474 | 1/15 | $17,286,000.00 | 12/31/42 | 2.892% | Qtr. |
| Bartlett Elec. #2469 | 1/16 | $809,000.00 | 12/31/42 | 2.875% | Qtr. |
| Community Electric #2473 | 1/16 | $3,000,000.00 | 12/31/42 | 2.874% | Qtr. |
| Greystone Power Corp. #2355 | 1/16 | $30,000,000.00 | 12/31/36 | 2.880% | Qtr. |
| Jackson Elec. Membership #2376 | 1/16 | $62,000,000.00 | 12/31/42 | 2.873% | Qtr. |
| Nodak Electric Coop. #2454 | 1/16 | $7,900,000.00 | 12/31/41 | 2.877% | Qtr. |
| Thumb Electric #2461 | 1/16 | $1,400,000.00 | 12/31/42 | 2.875% | Qtr. |
| W. Farmers Elec. Coop. #2319 | 1/16 | $7,530,000.00 | 12/31/40 | 2.873% | Qtr. |
| Beartooth Electric Coop. #2462 | 1/22 | $1,636,000.00 | 12/31/42 | 3.190% | Qtr. |
| Brazos Electric #2434 | 1/23 | $50,000,000.00 | 6/30/09 | 0.258% | Qtr. |
| Brazos Electric #2434 | 1/23 | $50,000,000.00 | 6/30/09 | 0.258% | Qtr. |
| Brazos Electric #2434 | 1/23 | $50,000,000.00 | 6/30/09 | 0.258% | Qtr. |
| Brazos Electric #2434 | 1/23 | $33,490,000.00 | 6/30/09 | 0.258% | Qtr. |
| N.E. Missouri Elec. #2352 | 1/23 | $1,000,000.00 | 12/31/35 | 3.303% | Qtr. |
| Greystone Power Corp. #2355 | 1/26 | $5,500,000.00 | 12/31/36 | 3.349% | Qtr. |
| Prairie Elec. #2393 | 1/26 | $2,782,000.00 | 12/31/35 | 3.351% | Qtr. |
| Farmer's Rural Elec. #2388 | 1/27 | $7,000,000.00 | 12/31/40 | 3.406% | Qtr. |
| Mid-Ohio Energy #2429 | 1/27 | $3,000,000.00 | 12/31/42 | 3.403% | Qtr. |
| Northern Neck Elec. #2404 | 1/27 | $2,500,000.00 | 12/31/42 | 3.403% | Qtr. |
| Southwestern Elec. Coop #2465 | 1/27 | $3,659,000.00 | 12/31/42 | 3.403% | Qtr. |
| Verendrye Elec. #2451 | 1/27 | $754,000.00 | 12/31/42 | 3.403% | Qtr. |
| Western Coop. Elec. #2474 | 1/27 | $858,000.00 | 12/31/42 | 3.403% | Qtr. |
| Northwest Electric #2308 | 1/28 | $3,200,000.00 | 12/31/40 | 3.266% | Qtr. |
| Bartlett Elec. #2469 | 1/29 | $186,000.00 | 12/31/42 | 3.430% | Qtr. |
| Bowie-Cass Elec. Coop. #2475 | 1/29 | $19,000,000.00 | 12/31/37 | 3.346% | Qtr. |
| Columbia Power Coop. #2449 | 1/29 | $876,000.00 | 12/31/42 | 3.429% | Qtr. |
| East Central Energy #2472 | 1/29 | $19,000,000.00 | 12/31/42 | 3.430% | Qtr. |
| Gascosage Electric #2466 | 1/29 | $3,000,000.00 | 12/31/37 | 3.434% | Qtr. |
| Thumb Electric #2461 | 1/29 | $1,000,000.00 | 6/30/09 | 0.293% | Qtr. |
| Dairyland Power #2262 | 1/30 | $1,114,000.00 | 12/31/40 | 3.562% | Qtr. |
| Great Lakes Energy #2470 | 1/30 | $30,000,000.00 | 12/31/42 | 3.565% | Qtr. |
S/A is a Semiannual rate
Qtr. is a Quarterly rate
FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | January 31, 2009 | December 31, 2008 | 1/01/09- 1/31/09 | 10/01/08- 1/31/09 |
| Agency Debt | ||||
| U.S. Postal Service | $5,972.9 | $6,465.4 | -$492.5 | -$1,227.1 |
| National Credit Union Adm.-CLF | $6,617.8 | $1,585.5 | $5,032.3 | $5,508.7 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $491.7 | $490.6 | $1.1 | $462.1 |
| Subtotal* | $13,082.4 | $8,541.5 | $4,540.9 | $4,743.7 |
| 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 | $659.8 | $659.8 | $0.0 | -$20.6 |
| DoEd-HBCU+ | $367.9 | $365.3 | $2.6 | $30.9 |
| DHUD-Public Housing Notes | $587.0 | $587.0 | $0.0 | -$104.4 |
| General Services Administration+ | $2,066.9 | $2,069.9 | -$3.0 | -$10.7 |
| DON-Ship Lease Financing | $2.3 | $16.6 | -$14.3 | -$14.3 |
| Rural Utilities Service | $20,749.1 | $20,209.9 | $539.2 | $1,055.6 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $8.1 | $8.4 | -$0.3 | -$1.9 |
| DOT-Section 511 | $2.0 | $2.0 | $0.0 | -$0.1 |
| VA Homeless Veterans Housing+ | $4.9 | $4.9 | $0.0 | $0.0 |
| Federal Family Ed. Loan Conduit | $0.0 | $0.0 | $0.0 | $0.0 |
| Subtotal* | $27,447.9 | $26,923.7 | $524.1 | $934.4 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $44,162.8 | $39,097.7 | $5,065.1 | $5,678.1 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |