MAY 2009 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of April 2009. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $55.5 billion on April 30, 2009, posting a decrease of $1,120.2 million from the level on March 31, 2009. This net change was the result of a decrease in net holdings of agency debt of $1,362.1 million and an increase in net holdings of government-guaranteed loans of $241.9 million. The FFB made 101 disbursements and received 1 prepayment. The FFB also reset the interest rate for 4 loans issued by the HOPE for Homeowners program and rolled over the principal for 3 loans disbursed to the National Credit Union Administration Central Liquidity Facility during the month of April. Attached to this release are tables presenting FFB April loan activity and FFB holdings as of April 30, 2009. |
FEDERAL FINANCING BANK
APRIL 2009 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| NATIONAL CREDIT UNION ADM - CLF | |||||
| *National Credit Union | 4/02 | $4,000,000.00 | 7/01/09 | 0.347% | S/A |
| *National Credit Union | 4/13 | $1,700,000.00 | 7/13/09 | 0.314% | S/A |
| *National Credit Union | 4/15 | $1,500,000.00 | 7/14/09 | 0.294% | S/A |
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 4/01 | $1,439,000,000.00 | 4/02/09 | 0.166% | S/A |
| U.S. Postal Service | 4/01 | $293,900,000.00 | 4/02/09 | 0.308% | S/A |
| U.S. Postal Service | 4/02 | $1,171,000,000.00 | 4/03/09 | 0.297% | S/A |
| U.S. Postal Service | 4/02 | $343,300,000.00 | 4/03/09 | 0.297% | S/A |
| U.S. Postal Service | 4/03 | $2,340,000,000.00 | 4/06/09 | 0.308% | S/A |
| U.S. Postal Service | 4/03 | $317,700,000.00 | 4/06/09 | 0.287% | S/A |
| U.S. Postal Service | 4/06 | $2,585,000,000.00 | 4/07/09 | 0.297% | S/A |
| U.S. Postal Service | 4/06 | $252,600,000.00 | 4/07/09 | 0.287% | S/A |
| U.S. Postal Service | 4/07 | $2,286,000,000.00 | 4/08/09 | 0.287% | S/A |
| U.S. Postal Service | 4/07 | $146,300,000.00 | 4/08/09 | 0.297% | S/A |
| U.S. Postal Service | 4/08 | $2,121,000,000.00 | 4/09/09 | 0.287% | S/A |
| U.S. Postal Service | 4/08 | $179,000,000.00 | 4/09/09 | 0.277% | S/A |
| U.S. Postal Service | 4/09 | $2,000,000,000.00 | 4/10/09 | 0.297% | S/A |
| U.S. Postal Service | 4/09 | $99,500,000.00 | 4/10/09 | 0.257% | S/A |
| U.S. Postal Service | 4/10 | $1,700,000,000.00 | 4/13/09 | 0.277% | S/A |
| U.S. Postal Service | 4/10 | $234,200,000.00 | 4/13/09 | 0.257% | S/A |
| U.S. Postal Service | 4/13 | $1,440,000,000.00 | 4/14/09 | 0.257% | S/A |
| U.S. Postal Service | 4/13 | $326,600,000.00 | 4/14/09 | 0.247% | S/A |
| U.S. Postal Service | 4/14 | $1,171,000,000.00 | 4/15/09 | 0.257% | S/A |
| U.S. Postal Service | 4/14 | $297,500,000.00 | 4/15/09 | 0.216% | S/A |
| U.S. Postal Service | 4/15 | $977,000,000.00 | 4/16/09 | 0.247% | S/A |
| U.S. Postal Service | 4/15 | $323,200,000.00 | 4/16/09 | 0.196% | S/A |
| U.S. Postal Service | 4/16 | $730,000,000.00 | 4/17/09 | 0.216% | S/A |
| U.S. Postal Service | 4/16 | $348,500,000.00 | 4/17/09 | 0.145% | S/A |
| U.S. Postal Service | 4/17 | $2,000,000,000.00 | 4/20/09 | 0.196% | S/A |
| U.S. Postal Service | 4/17 | $244,100,000.00 | 4/20/09 | 0.166% | S/A |
| U.S. Postal Service | 4/20 | $2,350,000,000.00 | 4/21/09 | 0.145% | S/A |
| U.S. Postal Service | 4/20 | $153,400,000.00 | 4/21/09 | 0.155% | S/A |
| U.S. Postal Service | 4/21 | $2,000,000,000.00 | 4/22/09 | 0.166% | S/A |
| U.S. Postal Service | 4/21 | $277,300,000.00 | 4/22/09 | 0.196% | S/A |
| U.S. Postal Service | 4/22 | $1,900,000,000.00 | 4/23/09 | 0.155% | S/A |
| U.S. Postal Service | 4/22 | $223,800,000.00 | 4/23/09 | 0.206% | S/A |
| U.S. Postal Service | 4/23 | $1,686,000,000.00 | 4/24/09 | 0.196% | S/A |
| U.S. Postal Service | 4/23 | $265,600,000.00 | 4/24/09 | 0.206% | S/A |
| U.S. Postal Service | 4/24 | $1,500,000,000.00 | 4/27/09 | 0.206% | S/A |
| U.S. Postal Service | 4/24 | $282,400,000.00 | 4/27/09 | 0.196% | S/A |
| U.S. Postal Service | 4/27 | $1,288,000,000.00 | 4/28/09 | 0.206% | S/A |
| U.S. Postal Service | 4/27 | $313,100,000.00 | 4/28/09 | 0.196% | S/A |
| U.S. Postal Service | 4/28 | $950,000,000.00 | 4/29/09 | 0.196% | S/A |
| U.S. Postal Service | 4/28 | $401,100,000.00 | 4/29/09 | 0.176% | S/A |
| U.S. Postal Service | 4/29 | $850,000,000.00 | 4/30/09 | 0.196% | S/A |
| U.S. Postal Service | 4/29 | $307,900,000.00 | 4/30/09 | 0.166% | S/A |
| U.S. Postal Service | 4/30 | $2,152,000,000.00 | 5/01/09 | 0.176% | S/A |
| U.S. Postal Service | 4/30 | $240,900,000.00 | 5/01/09 | 0.166% | S/A |
| U.S. Postal Service | 4/30 | $200,000.00 | 5/01/09 | 0.166% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 4/10 | $28,198.22 | 8/01/35 | 3.717% | S/A |
| Foley Services Contract | 4/24 | $75,698.69 | 7/31/25 | 3.259% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| Southern University | 4/08 | $3,152,633.82 | 6/01/09 | 0.174% | S/A |
| Dillard University | 4/30 | $2,203,508.61 | 6/01/09 | 0.044% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Logan County Coop. #2463 | 4/01 | $1,000,000.00 | 12/31/42 | 3.433% | Qtr. |
| Barry Electric #2516 | 4/02 | $3,175,000.00 | 12/31/43 | 3.388% | Qtr. |
| Charles Mix Elec. #2432 | 4/02 | $397,400.00 | 12/31/42 | 3.378% | Qtr. |
| Columbia Power Coop. #2449 | 4/02 | $2,000,000.00 | 12/31/42 | 3.378% | Qtr. |
| Shawnee Telephone Co. #2148 | 4/02 | $3,350,000.00 | 1/03/23 | 2.530% | Qtr. |
| Carroll Elec. #2505 | 4/03 | $2,000,000.00 | 12/31/42 | 3.454% | Qtr. |
| Canoochee Elec. #2514 | 4/06 | $4,400,000.00 | 12/31/42 | 3.586% | Qtr. |
| West Florida Electric #2385 | 4/06 | $4,980,000.00 | 1/02/24 | 2.893% | Qtr. |
| The Carroll E.M.C. #2417 | 4/07 | $15,000,000.00 | 12/31/42 | 3.629% | Qtr. |
| San Isabel Elec. #495 | 4/07 | $10,000,000.00 | 12/31/42 | 3.632% | Qtr. |
| Codington-Clark Elec. #2392 | 4/09 | $600,000.00 | 12/31/42 | 3.550% | Qtr. |
| Greystone Power Corp. #2355 | 4/10 | $2,273,000.00 | 12/31/36 | 3.596% | Qtr. |
| Carroll Elec Coop Corp #2428 | 4/13 | $2,760,708.31 | 12/31/42 | 3.653% | Qtr. |
| Dairyland Power #2263 | 4/13 | $7,299,000.00 | 12/31/35 | 3.579% | Qtr. |
| Dairyland Power #2262 | 4/13 | $10,945,000.00 | 12/31/40 | 3.636% | Qtr. |
| Oneida-Madison Elec. #2471 | 4/13 | $461,000.00 | 12/31/42 | 3.566% | Qtr. |
| Panhandle Rural Elec #2478 | 4/13 | $3,800,000.00 | 12/31/42 | 3.653% | Qtr. |
| Planters Electric #2387 | 4/13 | $2,000,000.00 | 12/31/42 | 3.652% | Qtr. |
| Wiregrass Electric Coop. #2496 | 4/13 | $7,500,000.00 | 12/31/37 | 3.614% | Qtr. |
| Craig-Botetourt #2374 | 4/14 | $1,000,000.00 | 12/31/42 | 3.581% | Qtr. |
| Coop. Assn. Lake Cty #2412 | 4/14 | $1,000,000.00 | 10/01/29 | 3.607% | Qtr. |
| Johnson County Elec. #2346 | 4/14 | $2,000,000.00 | 12/31/41 | 3.572% | Qtr. |
| Deep East Texas Electric #2506 | 4/15 | $2,000,000.00 | 12/31/42 | 3.529% | Qtr. |
| Cass County Electric #2518 | 4/16 | $4,850,000.00 | 12/31/43 | 3.555% | Qtr. |
| East Kentucky Power #2322 | 4/16 | $25,000,000.00 | 12/31/40 | 3.526% | Qtr. |
| Kootenai Elec. #2528 | 4/16 | $6,000,000.00 | 12/31/43 | 3.555% | Qtr. |
| La Plata Electric #2525 | 4/16 | $5,000,000.00 | 9/30/09 | 0.311% | Qtr. |
| La Plata Electric #2525 | 4/16 | $5,000,000.00 | 9/30/09 | 0.311% | Qtr. |
| La Plata Electric #2525 | 4/16 | $5,000,000.00 | 9/30/09 | 0.311% | Qtr. |
| La Plata Electric #2525 | 4/16 | $5,514,000.00 | 12/31/43 | 3.555% | Qtr. |
| Upson Electric #2482 | 4/16 | $1,000,000.00 | 12/31/42 | 3.547% | Qtr. |
| Hopi Telecommunications #2256 | 4/17 | $231,000.00 | 12/31/24 | 2.956% | Qtr. |
| W. Farmers Elec. Coop. #2424 | 4/17 | $2,196,000.00 | 12/31/24 | 2.956% | Qtr. |
| W. Farmers Elec. Coop. #2425 | 4/17 | $12,446,000.00 | 12/31/40 | 3.587% | Qtr. |
| Alabama Electric #2338 | 4/20 | $15,301,000.00 | 12/31/35 | 3.624% | Qtr. |
| Midstate Communications #780 | 4/20 | $183,088.00 | 12/31/18 | 2.276% | Qtr. |
| Midstate Communications #2477 | 4/20 | $1,417,203.00 | 1/03/28 | 3.339% | Qtr. |
| N. Carolina Elec. #2260 | 4/20 | $1,279,000.00 | 12/31/26 | 3.256% | Qtr. |
| Warren Elec. Coop. #2526 | 4/20 | $7,600,000.00 | 12/31/42 | 3.697% | Qtr. |
| Chesnee Telephone Co. #2018 | 4/22 | $203,294.00 | 12/31/30 | 3.438% | Qtr. |
| Little Ocmulgee Elec. #2398 | 4/23 | $5,000,000.00 | 12/31/37 | 3.673% | Qtr. |
| Cornbelt Power #2054 | 4/24 | $2,529,000.00 | 1/03/33 | 3.428% | Qtr. |
| Grady Electric #2480 | 4/24 | $7,445,787.00 | 6/30/10 | 0.577% | Qtr. |
| N. Carolina Elec. #2359 | 4/24 | $15,911,000.00 | 1/03/39 | 3.657% | Qtr. |
| FTC Communications #2101 | 4/29 | $269,672.00 | 9/30/09 | 0.265% | Qtr. |
| FTC Communications #2300 | 4/29 | $1,834,275.00 | 9/30/09 | 0.265% | Qtr. |
| Dairyland Power #2263 | 4/30 | $168,000.00 | 12/31/35 | 3.783% | Qtr. |
| Square Butte Electric #2326 | 4/30 | $27,768,000.00 | 12/31/26 | 3.387% | Qtr. |
| AGENCY DEBT | |||||
| HOPE FOR HOMEOWNERS | |||||
| *HOPE Bonds | 4/15 | $29,535,000.00 | 7/15/09 | 0.171% | Qtr. |
| *HOPE Bonds | 4/15 | $62,028.36 | 7/15/09 | 0.171% | Qtr. |
| *HOPE Bonds | 4/15 | $1,084,546.89 | 7/15/09 | 0.171% | Qtr. |
| HOPE Bonds | 4/15 | $145,483.86 | 7/15/09 | 0.171% | Qtr. |
| *HOPE Bonds | 4/15 | $461,000,000.00 | 7/15/09 | 0.171% | 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 | April 30, 2009 | March 31, 2009 | 4/01/09- 4/30/09 | 10/01/08- 4/30/09 |
| Agency Debt | ||||
| U.S. Postal Service | $4,893.1 | $5,802.6 | -$909.5 | -$2,306.9 |
| National Credit Union Adm.-CLF | $18,706.1 | $19,158.7 | -$452.6 | $17,596.9 |
| 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* | $24,090.8 | $25,453.0 | -$1,362.1 | $15,752.1 |
| Agency Assets | ||||
| Rural Utilities Service-CBO | $3,349.3 | $3,349.3 | $0.0 | -$283.3 |
| Subtotal* | $3,349.3 | $3,349.3 | $0.0 | -$283.3 |
| Government-Guaranteed Lending | ||||
| DOD-Foreign Military Sales | $604.9 | $608.4 | -$3.5 | -$75.5 |
| DoEd-HBCU+ | $389.5 | $384.2 | $5.4 | $52.5 |
| DHUD-Public Housing Notes | $587.0 | $587.0 | $0.0 | -$104.4 |
| General Services Administration+ | $2,044.9 | $2,053.6 | -$8.6 | -$32.7 |
| DON-Ship Lease Financing | $2.3 | $2.3 | $0.0 | -$14.3 |
| Rural Utilities Service | $21,441.9 | $21,192.8 | $249.1 | $1,748.4 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $7.2 | $7.5 | -$0.4 | -$2.9 |
| DOT-Section 511 | $1.9 | $1.9 | $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* | $28,084.4 | $27,842.5 | $241.9 | $1,571.0 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $55,524.5 | $56,644.7 | -$1,120.2 | $17,039.8 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |