MARCH 2009 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of February 2009. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $47.3 billion on February 28, 2009, posting an increase of $3,143.1 million from the level on January 31, 2009. This net change was the result of increases in net holdings of agency debt of $2,996.9 million and in net holdings of government-guaranteed loans of $146.2 million. The FFB made 83 disbursements and received 3 prepayments. The FFB also rolled over the principal for 4 loans disbursed to the National Credit Union Administration Central Liquidity Facility during the month of February. |
FEDERAL FINANCING BANK
FEBRUARY 2009 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| NATIONAL CREDIT UNION ADM - CLF | |||||
| *National Credit Union | 2/04 | $1,500,000.00 | 5/05/09 | 0.448% | S/A |
| *National Credit Union | 2/09 | $1,000,000.00 | 5/11/09 | 0.415% | S/A |
| National Credit Union | 2/13 | $2,915,062,000.00 | 2/12/10 | 0.706% | S/A |
| *National Credit Union | 2/17 | $5,000,000.00 | 5/18/09 | 0.425% | S/A |
| National Credit Union | 2/17 | $800,000.00 | 5/18/09 | 0.425% | S/A |
| *National Credit Union | 2/17 | $1,000,000.00 | 5/18/09 | 0.425% | S/A |
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 2/02 | $700,000,000.00 | 2/03/09 | 0.267% | S/A |
| U.S. Postal Service | 2/02 | $381,500,000.00 | 2/03/09 | 0.308% | S/A |
| U.S. Postal Service | 2/03 | $400,000,000.00 | 2/04/09 | 0.267% | S/A |
| U.S. Postal Service | 2/03 | $382,400,000.00 | 2/04/09 | 0.409% | S/A |
| U.S. Postal Service | 2/04 | $200,000,000.00 | 2/05/09 | 0.308% | S/A |
| U.S. Postal Service | 2/04 | $438,200,000.00 | 2/05/09 | 0.389% | S/A |
| U.S. Postal Service | 2/05 | $150,000,000.00 | 2/06/09 | 0.409% | S/A |
| U.S. Postal Service | 2/05 | $232,300,000.00 | 2/06/09 | 0.338% | S/A |
| U.S. Postal Service | 2/06 | $1,500,000,000.00 | 2/09/09 | 0.389% | S/A |
| U.S. Postal Service | 2/06 | $147,400,000.00 | 2/09/09 | 0.338% | S/A |
| U.S. Postal Service | 2/09 | $300,000,000.00 | 1/31/14 | 2.035% | S/A |
| U.S. Postal Service | 2/09 | $500,000,000.00 | 11/15/18 | 3.048% | S/A |
| U.S. Postal Service | 2/09 | $200,000,000.00 | 5/17/38 | 3.770% | S/A |
| U.S. Postal Service | 2/09 | $650,000,000.00 | 2/10/09 | 0.338% | S/A |
| U.S. Postal Service | 2/09 | $296,700,000.00 | 2/10/09 | 0.338% | S/A |
| U.S. Postal Service | 2/10 | $500,000,000.00 | 2/11/09 | 0.338% | S/A |
| U.S. Postal Service | 2/10 | $232,700,000.00 | 2/11/09 | 0.368% | S/A |
| U.S. Postal Service | 2/11 | $275,000,000.00 | 2/12/09 | 0.338% | S/A |
| U.S. Postal Service | 2/11 | $345,900,000.00 | 2/12/09 | 0.348% | S/A |
| U.S. Postal Service | 2/12 | $180,000,000.00 | 2/13/09 | 0.368% | S/A |
| U.S. Postal Service | 2/12 | $253,700,000.00 | 2/13/09 | 0.379% | S/A |
| U.S. Postal Service | 2/13 | $205,800,000.00 | 2/17/09 | 0.358% | S/A |
| U.S. Postal Service | 2/20 | $400,000,000.00 | 2/23/09 | 0.358% | S/A |
| U.S. Postal Service | 2/20 | $221,200,000.00 | 2/23/09 | 0.318% | S/A |
| U.S. Postal Service | 2/23 | $650,000,000.00 | 2/24/09 | 0.348% | S/A |
| U.S. Postal Service | 2/23 | $221,700,000.00 | 2/24/09 | 0.308% | S/A |
| U.S. Postal Service | 2/24 | $450,000,000.00 | 2/25/09 | 0.318% | S/A |
| U.S. Postal Service | 2/24 | $210,300,000.00 | 2/25/09 | 0.348% | S/A |
| U.S. Postal Service | 2/25 | $200,000,000.00 | 2/26/09 | 0.308% | S/A |
| U.S. Postal Service | 2/25 | $328,700,000.00 | 2/26/09 | 0.338% | S/A |
| U.S. Postal Service | 2/26 | $150,000,000.00 | 2/27/09 | 0.348% | S/A |
| U.S. Postal Service | 2/26 | $189,600,000.00 | 2/27/09 | 0.308% | S/A |
| U.S. Postal Service | 2/27 | $1,300,000,000.00 | 3/02/09 | 0.338% | S/A |
| U.S. Postal Service | 2/27 | $318,000,000.00 | 3/02/09 | 0.287% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| Foley Services Contract | 2/13 | $29,014.69 | 7/31/25 | 3.109% | S/A |
| San Francisco Bldg Lease | 2/13 | $81,730.26 | 8/01/35 | 3.552% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Mille Lacs Electric #2460 | 2/02 | $4,900,000.00 | 12/31/42 | 3.573% | Qtr. |
| Freeborn-Mower Coop. #2444 | 2/03 | $2,510,000.00 | 12/31/42 | 3.457% | Qtr. |
| Flint Elec. #2351 | 2/05 | $28,000,000.00 | 12/31/36 | 3.597% | Qtr. |
| Northfork Electric #2479 | 2/05 | $9,112,000.00 | 12/31/42 | 3.616% | Qtr. |
| Pennyrile Elec. #2467 | 2/06 | $8,000,000.00 | 6/30/09 | 0.374% | Qtr. |
| Sho-Me Power #2160 | 2/06 | $4,000,000.00 | 12/31/37 | 3.586% | Qtr. |
| Central Florida Elec. #2371 | 2/09 | $2,121,000.00 | 12/31/42 | 3.671% | Qtr. |
| Eastern Maine Coop. #2485 | 2/10 | $2,300,000.00 | 12/31/42 | 3.661% | Qtr. |
| M & A Electric #2334 | 2/11 | $3,043,000.00 | 12/31/31 | 3.406% | Qtr. |
| TRANSCO #2323 | 2/11 | $3,386,000.00 | 12/31/35 | 3.482% | Qtr. |
| Central Elec. Coop. #2437 | 2/12 | $2,000,000.00 | 12/31/42 | 3.424% | Qtr. |
| Springer Electric Coop. #2421 | 2/12 | $809,000.00 | 12/31/42 | 3.424% | Qtr. |
| The Twin Valley Elec Co #2486 | 2/12 | $2,069,000.00 | 12/31/42 | 3.424% | Qtr. |
| Dubois Rural Elec Coop #2426 | 2/13 | $1,500,000.00 | 12/31/42 | 3.441% | Qtr. |
| Kennebec Telephone #2293 | 2/13 | $388,694.00 | 12/31/25 | 2.906% | Qtr. |
| Tri-County Elec. Coop. #2347 | 2/13 | $3,628,000.00 | 12/31/36 | 3.423% | Qtr. |
| Citizens Tel. of NY #2290 | 2/17 | $380,000.00 | 1/03/23 | 2.813% | Qtr. |
| Lacreek Electric #2468 | 2/17 | $2,189,000.00 | 12/31/42 | 3.639% | Qtr. |
| Darke Rural Elec. Coop. #2377 | 2/18 | $1,400,000.00 | 12/31/42 | 3.418% | Qtr. |
| Kenergy Corp. #2502 | 2/18 | $9,000,000.00 | 12/31/42 | 3.419% | Qtr. |
| N. Carolina Elec. #2260 | 2/18 | $3,905,000.00 | 12/31/26 | 2.983% | Qtr. |
| Todd-Wadena Electric #2440 | 2/18 | $2,000,000.00 | 12/31/42 | 3.418% | Qtr. |
| Scott County Telephone #2175 | 2/19 | $87,000.00 | 12/31/20 | 2.369% | Qtr. |
| Alabama Electric #2338 | 2/20 | $43,506,000.00 | 12/31/35 | 3.597% | Qtr. |
| Columbia Power Coop. #2449 | 2/23 | $1,500,000.00 | 12/31/42 | 3.531% | Qtr. |
| Brantley Telephone Co. #2301 | 2/25 | $900,000.00 | 12/31/24 | 2.956% | Qtr. |
| Bartlett Elec. #2469 | 2/26 | $587,000.00 | 12/31/42 | 3.594% | Qtr. |
| Central Georgia Elec. #2456 | 2/26 | $4,176,000.00 | 12/31/42 | 3.592% | Qtr. |
| Charles Mix Elec. #2432 | 2/26 | $180,500.00 | 12/31/42 | 3.592% | Qtr. |
| Harrison County Rural #2184 | 2/26 | $1,370,000.00 | 1/03/39 | 3.593% | Qtr. |
| South Slope Cooperative #741 | 2/26 | $150,209.00 | 1/02/18 | 2.181% | Qtr. |
| Brazos Electric #2182 | 2/27 | $2,893,000.00 | 6/30/09 | 0.343% | Qtr. |
| Brazos Electric #2307 | 2/27 | $5,000,000.00 | 6/30/09 | 0.343% | Qtr. |
| Brazos Electric #2307 | 2/27 | $5,000,000.00 | 6/30/09 | 0.343% | Qtr. |
| Brazos Electric #2307 | 2/27 | $5,000,000.00 | 6/30/09 | 0.343% | Qtr. |
| Brazos Electric #2307 | 2/27 | $5,000,000.00 | 6/30/09 | 0.343% | Qtr. |
| Brazos Electric #2307 | 2/27 | $5,000,000.00 | 6/30/09 | 0.343% | Qtr. |
| Brazos Electric #2307 | 2/27 | $5,000,000.00 | 6/30/09 | 0.343% | Qtr. |
| Brazos Electric #2307 | 2/27 | $5,000,000.00 | 6/30/09 | 0.343% | Qtr. |
| Brazos Electric #2307 | 2/27 | $283,000.00 | 6/30/09 | 0.343% | Qtr. |
| South Kentucky Electric #2348 | 2/27 | $3,309,000.00 | 12/31/41 | 3.649% | 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 | February 28, 2009 | January 31, 2009 | 2/01/09- 2/28/09 | 10/01/08- 2/28/09 |
| Agency Debt | ||||
| U.S. Postal Service | $6,118.0 | $5,972.9 | $145.1 | -$1,082.0 |
| National Credit Union Adm.-CLF | $9,469.6 | $6,617.8 | $2,851.8 | $8,360.4 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $491.7 | $491.7 | $0.0 | $462.1 |
| Subtotal* | $16,079.3 | $13,082.4 | $2,996.9 | $7,740.6 |
| 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 | $626.1 | $659.8 | -$33.7 | -$54.3 |
| DoEd-HBCU+ | $367.7 | $367.9 | -$0.2 | $30.7 |
| DHUD-Public Housing Notes | $587.0 | $587.0 | $0.0 | -$104.4 |
| General Services Administration+ | $2,056.7 | $2,066.9 | -$10.2 | -$20.9 |
| DON-Ship Lease Financing | $2.3 | $2.3 | $0.0 | -$14.3 |
| Rural Utilities Service | $20,939.7 | $20,749.1 | $190.6 | $1,246.2 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $7.7 | $8.1 | -$0.4 | -$2.3 |
| 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* | $27,594.1 | $27,447.9 | $146.2 | $1,080.6 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $47,305.9 | $44,162.8 | $3,143.1 | $8,821.2 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |