JUNE 2009 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of May 2009. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $57.2 billion on May 31, 2009, posting an increase of $1,664.3 million from the level on April 30, 2009. This net change was the result of increases in net holdings of agency debt of $1,331.9 million and in net holdings of government-guaranteed loans of $332.4 million. The FFB made 92 disbursements and received 4 prepayments. The FFB also reset the interest rate for one loan guaranteed by the Department of Education during the month of May. Attached to this release are tables presenting FFB May loan activity and FFB holdings as of May 31, 2009. |
FEDERAL FINANCING BANK
MAY 2009 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 5/01 | $2,068,000,000.00 | 5/04/09 | 0.166% | S/A |
| U.S. Postal Service | 5/01 | $392,200,000.00 | 5/04/09 | 0.176% | S/A |
| U.S. Postal Service | 5/04 | $2,279,000,000.00 | 5/05/09 | 0.166% | S/A |
| U.S. Postal Service | 5/04 | $369,600,000.00 | 5/05/09 | 0.257% | S/A |
| U.S. Postal Service | 5/05 | $2,000,000,000.00 | 5/06/09 | 0.176% | S/A |
| U.S. Postal Service | 5/05 | $285,200,000.00 | 5/06/09 | 0.267% | S/A |
| U.S. Postal Service | 5/06 | $300,000,000.00 | 5/02/16 | 2.844% | S/A |
| U.S. Postal Service | 5/06 | $700,000,000.00 | 2/15/19 | 3.296% | S/A |
| U.S. Postal Service | 5/06 | $800,000,000.00 | 5/07/09 | 0.257% | S/A |
| U.S. Postal Service | 5/06 | $284,400,000.00 | 5/07/09 | 0.267% | S/A |
| U.S. Postal Service | 5/07 | $626,000,000.00 | 5/08/09 | 0.267% | S/A |
| U.S. Postal Service | 5/07 | $222,900,000.00 | 5/08/09 | 0.277% | S/A |
| U.S. Postal Service | 5/08 | $438,000,000.00 | 5/11/09 | 0.267% | S/A |
| U.S. Postal Service | 5/08 | $305,800,000.00 | 5/11/09 | 0.277% | S/A |
| U.S. Postal Service | 5/11 | $241,000,000.00 | 5/12/09 | 0.277% | S/A |
| U.S. Postal Service | 5/11 | $150,200,000.00 | 5/12/09 | 0.287% | S/A |
| U.S. Postal Service | 5/12 | $122,000,000.00 | 5/13/09 | 0.287% | S/A |
| U.S. Postal Service | 5/15 | $700,000,000.00 | 5/18/09 | 0.277% | S/A |
| U.S. Postal Service | 5/15 | $305,400,000.00 | 5/18/09 | 0.237% | S/A |
| U.S. Postal Service | 5/18 | $1,000,000,000.00 | 5/19/09 | 0.226% | S/A |
| U.S. Postal Service | 5/18 | $233,800,000.00 | 5/19/09 | 0.237% | S/A |
| U.S. Postal Service | 5/19 | $750,000,000.00 | 5/20/09 | 0.237% | S/A |
| U.S. Postal Service | 5/19 | $253,200,000.00 | 5/20/09 | 0.267% | S/A |
| U.S. Postal Service | 5/20 | $600,000,000.00 | 5/21/09 | 0.237% | S/A |
| U.S. Postal Service | 5/20 | $284,900,000.00 | 5/21/09 | 0.308% | S/A |
| U.S. Postal Service | 5/21 | $439,000,000.00 | 5/22/09 | 0.267% | S/A |
| U.S. Postal Service | 5/21 | $292,600,000.00 | 5/22/09 | 0.257% | S/A |
| U.S. Postal Service | 5/22 | $300,000,000.00 | 5/26/09 | 0.308% | S/A |
| U.S. Postal Service | 5/22 | $259,800,000.00 | 5/26/09 | 0.257% | S/A |
| U.S. Postal Service | 5/26 | $200,000,000.00 | 5/27/09 | 0.257% | S/A |
| U.S. Postal Service | 5/26 | $146,100,000.00 | 5/27/09 | 0.247% | S/A |
| U.S. Postal Service | 5/27 | $127,800,000.00 | 5/28/09 | 0.308% | S/A |
| U.S. Postal Service | 5/29 | $1,000,000,000.00 | 5/15/19 | 3.704% | S/A |
| U.S. Postal Service | 5/29 | $1,265,000,000.00 | 6/01/09 | 0.308% | S/A |
| U.S. Postal Service | 5/29 | $469,300,000.00 | 6/01/09 | 0.267% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| Foley Services Contract | 5/26 | $208,942.02 | 7/31/25 | 3.689% | S/A |
| San Francisco Bldg Lease | 5/29 | $99,948.40 | 8/01/35 | 4.407% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Tuskegee Univ. | 5/01 | $2,000,000.00 | 11/02/09 | 0.289% | S/A |
| Clark Atlanta University | 5/05 | $2,188,277.69 | 2/02/37 | 3.871% | S/A |
| Allen University | 5/06 | $1,227,205.93 | 11/01/32 | 4.102% | S/A |
| Southern University | 5/06 | $2,199,297.58 | 6/01/09 | 0.142% | S/A |
| Tougaloo College | 5/06 | $330,346.98 | 6/01/09 | 0.142% | S/A |
| Clark Atlanta University | 5/14 | $2,209,306.83 | 2/02/37 | 3.828% | S/A |
| Dillard University | 5/22 | $594,560.31 | 6/01/09 | 0.132% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Bartlett Elec. #2469 | 5/01 | $499,000.00 | 12/31/42 | 3.919% | Qtr. |
| Central Elec. Power #2194 | 5/01 | $6,635,000.00 | 12/31/35 | 3.697% | Qtr. |
| Blue Ridge Elec. #2522 | 5/04 | $20,474,000.00 | 12/31/42 | 3.960% | Qtr. |
| Cornbelt Power #2241 | 5/04 | $2,272,000.00 | 1/03/40 | 3.808% | Qtr. |
| Cornbelt Power #2284 | 5/04 | $232,000.00 | 12/31/29 | 3.535% | Qtr. |
| Cornbelt Power #2517 | 5/04 | $20,180,000.00 | 1/02/29 | 3.484% | Qtr. |
| Midwest Electric, Inc. #2464 | 5/04 | $3,100,000.00 | 12/31/42 | 3.960% | Qtr. |
| Plateau Electric Coop. #2365 | 5/04 | $2,000,000.00 | 12/31/37 | 3.902% | Qtr. |
| The Twin Valley Elec Co #2486 | 5/04 | $573,000.00 | 12/31/42 | 3.960% | Qtr. |
| Wilkes Tele. & Elec. #851 | 5/05 | $350,000.00 | 12/31/18 | 2.433% | Qtr. |
| Brazos Electric #2307 | 5/07 | $5,000,000.00 | 9/30/09 | 0.268% | Qtr. |
| Brazos Electric #2307 | 5/07 | $5,000,000.00 | 9/30/09 | 0.268% | Qtr. |
| Brazos Electric #2307 | 5/07 | $5,000,000.00 | 9/30/09 | 0.268% | Qtr. |
| Brazos Electric #2307 | 5/07 | $5,000,000.00 | 9/30/09 | 0.268% | Qtr. |
| Brazos Electric #2307 | 5/07 | $5,000,000.00 | 9/30/09 | 0.268% | Qtr. |
| Brazos Electric #2307 | 5/07 | $5,000,000.00 | 9/30/09 | 0.268% | Qtr. |
| Brazos Electric #2307 | 5/07 | $5,000,000.00 | 9/30/09 | 0.268% | Qtr. |
| Brazos Electric #2307 | 5/07 | $4,201,000.00 | 9/30/09 | 0.268% | Qtr. |
| Farmers' Elec Coop. Inc #2386 | 5/07 | $1,200,000.00 | 12/31/42 | 3.944% | Qtr. |
| FEM Electric #2519 | 5/07 | $1,000,000.00 | 12/31/42 | 3.946% | Qtr. |
| Macon Electric Coop. #2435 | 5/07 | $2,000,000.00 | 12/31/42 | 3.945% | Qtr. |
| Columbus Electric #2539 | 5/08 | $1,100,000.00 | 6/30/10 | 0.608% | Qtr. |
| Dixie Electric #2481 | 5/08 | $7,100,000.00 | 12/31/42 | 4.092% | Qtr. |
| Gulf Coast Elec. #2353 | 5/11 | $1,147,000.00 | 12/31/40 | 4.071% | Qtr. |
| Excelsior Elec. #2541 | 5/13 | $4,000,000.00 | 12/31/43 | 3.993% | Qtr. |
| Piedmont Elec. Memb. #2542 | 5/13 | $10,000,000.00 | 12/31/43 | 3.993% | Qtr. |
| Victory Electric #2510 | 5/13 | $5,173,000.00 | 12/31/42 | 3.980% | Qtr. |
| Southwest Electric Coop. #2552 | 5/14 | $19,000,000.00 | 12/31/43 | 3.924% | Qtr. |
| Agralite Elec. #2369 | 5/15 | $1,412,000.00 | 12/31/42 | 3.889% | Qtr. |
| East Kentucky Power #2531 | 5/15 | $35,000,000.00 | 12/31/40 | 3.863% | Qtr. |
| Firelands Elec. #2493 | 5/15 | $750,000.00 | 12/31/42 | 3.889% | Qtr. |
| Holmes-Wayne Elec. #2489 | 5/15 | $6,000,000.00 | 12/31/42 | 3.889% | Qtr. |
| Victory Electric #2551 | 5/18 | $38,978,350.00 | 12/31/37 | 3.846% | Qtr. |
| Columbia Power Coop. #2449 | 5/19 | $3,000,000.00 | 12/31/42 | 4.004% | Qtr. |
| Trico Electric Coop. #2402 | 5/19 | $2,500,000.00 | 12/31/42 | 4.004% | Qtr. |
| Baldwin County Elec. #2399 | 5/20 | $11,725,000.00 | 12/31/37 | 3.958% | Qtr. |
| Red River Rural Tel. #2113 | 5/20 | $493,000.00 | 1/03/23 | 3.049% | Qtr. |
| Central Iowa Power Coop #2311 | 5/21 | $5,271,000.00 | 1/03/40 | 3.794% | Qtr. |
| Luck Telephone Company #2313 | 5/21 | $628,566.00 | 12/31/24 | 3.229% | Qtr. |
| TRANSCO #2323 | 5/22 | $8,459,000.00 | 12/31/35 | 3.998% | Qtr. |
| Middle Georgia Electric #2540 | 5/26 | $3,000,000.00 | 12/31/43 | 4.222% | Qtr. |
| Southern Iowa Electric #2395 | 5/26 | $250,000.00 | 9/30/10 | 0.635% | Qtr. |
| Verendrye Elec. #2451 | 5/26 | $983,000.00 | 12/31/42 | 4.208% | Qtr. |
| East Kentucky Power #2531 | 5/27 | $25,000,000.00 | 12/31/40 | 4.249% | Qtr. |
| Medina Electric #2549 | 5/27 | $2,500,000.00 | 9/30/09 | 0.227% | Qtr. |
| All West Communications #2546 | 5/28 | $22,420,016.00 | 1/02/18 | 2.660% | Qtr. |
| Bartlett Elec. #2469 | 5/28 | $584,000.00 | 12/31/42 | 4.428% | Qtr. |
| Intercounty Electric #2509 | 5/29 | $8,000,000.00 | 12/31/42 | 4.378% | Qtr. |
| Wilkes Tele. & Elec. #851 | 5/29 | $305,000.00 | 12/31/18 | 2.844% | 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 | May 31, 2009 | April 30, 2009 | 5/01/09- 5/31/09 | 10/01/08- 5/31/09 |
| Agency Debt | ||||
| U.S. Postal Service | $6,234.3 | $4,893.1 | $1,341.2 | -$965.7 |
| National Credit Union Adm.-CLF | $18,696.8 | $18,706.1 | -$9.3 | $17,587.6 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $491.8 | $491.8 | $0.0 | $462.3 |
| Subtotal* | $25,422.9 | $24,091.0 | $1,331.9 | $17,084.2 |
| 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 | $604.4 | $604.9 | -$0.5 | -$76.0 |
| DoEd-HBCU+ | $398.1 | $389.5 | $8.6 | $61.1 |
| DHUD-Public Housing Notes | $587.0 | $587.0 | $0.0 | -$104.4 |
| General Services Administration+ | $2,045.2 | $2,044.9 | $0.3 | -$32.4 |
| DON-Ship Lease Financing | $2.3 | $2.3 | $0.0 | -$14.3 |
| Rural Utilities Service | $21,766.4 | $21,441.9 | $324.5 | $2,072.9 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $6.7 | $7.2 | -$0.5 | -$3.3 |
| 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* | $28,416.8 | $28,084.4 | $332.4 | $1,903.3 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $57,188.9 | $55,524.7 | $1,664.3 | $18,704.2 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |