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September 2009 NEWS RELEASE

Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of August 2009.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $57.1 billion on August 31, 2009, posting an increase of $39.5 million from the level on July 31, 2009. This net change was the result of a decrease in net holdings of agency debt of $161.3 million and an increase in net holdings of government-guaranteed loans of $200.8 million.  The FFB made 55 disbursements and received 7 prepayments during the month of August.
  
Attached to this release are tables presenting FFB August loan activity and FFB holdings as of August 31, 2009.

FEDERAL FINANCING BANK
AUGUST 2009 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 8/07 $3,500,000.00 8/10/09 0.267% S/A
U.S. Postal Service 8/10 $225,000,000.00 8/11/09 0.277% S/A
U.S. Postal Service 8/10 $127,100,000.00 8/11/09 0.267% S/A
U.S. Postal Service 8/11 $88,700,000.00 8/12/09 0.267% S/A
U.S. Postal Service 8/21 $82,300,000.00 8/24/09 0.226% S/A
U.S. Postal Service 8/24 $358,500,000.00 8/25/09 0.226% S/A
U.S. Postal Service 8/25 $128,400,000.00 8/26/09 0.247% S/A
U.S. Postal Service 8/31 $600,000,000.00 9/01/09 0.237% S/A
U.S. Postal Service 8/31 $305,400,000.00 9/01/09 0.237% S/A
GOVERNMENT-GUARANTEED LOANS
GENERAL SERVICES ADMINISTRATION
Foley Services Contract 8/25 $530,707.18 7/31/25 3.671% S/A
DEPARTMENT OF EDUCATION
Southern University 8/04 $2,368,401.22 12/01/09 0.218% S/A
Tougaloo College 8/04 $196,936.96 12/01/09 0.218% S/A
Dillard University 8/17 $3,129,005.43 12/01/09 0.199% S/A
RURAL UTILITIES SERVICE
Interstate Tele #2476 8/03 $1,724,580.00 12/31/26 3.603% Qtr.
Navarro County Electric #2569 8/03 $2,779,000.00 12/31/43 4.166% Qtr.
Northwest Electric #2309 8/03 $1,102,000.00 12/31/40 4.130% Qtr.
Consolidated Telcom #2571 8/04 $500,000.00 1/02/29 3.951% Qtr.
Sac Osage Electric Coop. #2561 8/04 $1,000,000.00 12/31/43 4.283% Qtr.
Blackduck Telephone Co. #2215 8/05 $1,046,055.00 1/03/22 3.345% Qtr.
East Kentucky Power #2532 8/05 $10,000,000.00 1/03/40 4.271% Qtr.
Brazos Electric #2307 8/06 $5,000,000.00 9/30/39 4.386% Qtr.
Brazos Electric #2307 8/06 $5,643,000.00 9/30/39 4.386% Qtr.
Charles Mix Elec. #2432 8/06 $673,000.00 12/31/42 4.412% Qtr.
Clark Energy Coop. #2419 8/06 $2,000,000.00 12/31/09 0.245% Qtr.
Missouri Rural Elec. #2389 8/06 $600,000.00 12/31/42 4.297% Qtr.
Arizona Electric #2548 8/10 $1,250,000.00 12/31/35 4.365% Qtr.
East Kentucky Power #2531 8/10 $25,000,000.00 12/31/40 4.444% Qtr.
United Farmers Tele. #2535 8/10 $660,980.00 12/31/29 4.203% Qtr.
WRECI Electric #2588 8/10 $40,000,000.00 12/31/43 4.378% Qtr.
Tri-County Telephone #2304 8/11 $802,215.00 1/03/23 3.465% Qtr.
East Kentucky Power #2531 8/12 $25,000,000.00 12/31/40 4.265% Qtr.
Venture Communications #2503 8/12 $2,407,719.00 1/03/28 3.917% Qtr.
Minnkota Power #2415 8/14 $11,263,000.00 12/31/40 4.225% Qtr.
Wilkes Tel. Memb. Corp. #2333 8/14 $2,067,839.00 12/31/25 3.680% Qtr.
Irwin Electric #2360 8/17 $2,180,000.00 12/31/42 4.221% Qtr.
Northwest Electric #2308 8/17 $490,000.00 12/31/40 4.192% Qtr.
Spring Grove Comm. #2550 8/17 $1,152,063.00 12/31/09 0.221% Qtr.
East-Central Iowa Rural #2574 8/20 $1,100,000.00 12/31/43 4.122% Qtr.
Hamilton County Elec. #2596 8/21 $1,800,000.00 12/31/43 4.079% Qtr.
Mohave Electric #2305 8/21 $1,106,000.00 1/03/39 4.006% Qtr.
FEM Electric #2519 8/24 $700,000.00 12/31/42 4.197% Qtr.
Heartland Rural Elec. #2562 8/24 $741,000.00 1/03/39 4.145% Qtr.
Tri-County Elec Assoc #2379 8/24 $1,200,000.00 1/03/39 4.194% Qtr.
Upson Electric #2482 8/24 $1,000,000.00 12/31/42 4.197% Qtr.
W. Farmers Elec. Coop. #2319 8/24 $7,447,000.00 12/31/40 4.169% Qtr.
Plumas-Sierra Elec. #2297 8/25 $10,425,000.00 12/31/25 3.460% Qtr.
Plumas-Sierra Elec. #2538 8/25 $2,375,000.00 1/03/28 3.615% Qtr.
Mid-Plains Rural Tel. #2533 8/26 $57,814.00 7/01/30 3.813% Qtr.
Valley Telecom #2592 8/26 $1,000,000.00 9/30/10 0.515% Qtr.
Colquitt Elec. #2591 8/27 $7,500,000.00 12/31/43 4.049% Qtr.
Farmers Elec Coop Corp #2581 8/27 $562,594.00 12/31/43 3.952% Qtr.
Cornbelt Power #2517 8/28 $1,139,000.00 1/02/29 3.625% Qtr.
Basin Electric #2331 8/31 $3,155,000.00 12/31/36 3.965% Qtr.
N. Carolina Elec. #2597 8/31 $42,000,000.00 1/03/39 4.000% Qtr.
Three River Elec. Coop #2601 8/31 $3,000,000.00 12/31/43 4.068% Qtr.

S/A is a Semiannual rate
Qtr. is a Quarterly rate


FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)

MonthlyFiscal Year
Net ChangeNet Change
Program August 31, 2009 July 31, 2009 8/01/09- 8/31/09 10/01/08- 8/31/09
Agency Debt
U.S. Postal Service $5,905.4 $5,916.7 -$11.3 -$1,294.6
National Credit Union Adm.-CLF $18,409.1 $18,559.1 -$150.0 $17,299.9
Federal Deposit Insurance Corp. $0.0 $0.0 $0.0 $0.0
HOPE for Homeowners Bonds      $492.0     $492.0       $0.0     $462.5
Subtotal* $24,806.5 $24,967.8 -$161.3 $16,467.8
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 $563.1 $596.7 -$33.7 -$117.3
DoEd-HBCU+ $425.8 $420.3 $5.5 $88.8
DHUD-Public Housing Notes $587.0 $587.0 $0.0 -$104.4
General Services Administration+ $2,029.5 $2,030.5 -$1.0 -$48.2
DON-Ship Lease Financing $0.0 $0.0 $0.0 -$16.6
Rural Utilities Service $22,335.8 $22,105.2 $230.6 $2,642.3
Rural Utilities Service-GETP $3,000.0 $3,000.0 $0.0 $0.0
SBA-State/Local Development Cos. $5.6 $6.2 -$0.6 -$4.5
DOT-Section 511 $1.8 $1.8 $0.0 -$0.2
VA Homeless Veterans Housing+ $4.8 $4.8 $0.0 $0.0
Federal Family Ed. Loan Conduit        $0.0       $0.0       $0.0       $0.0
Subtotal* $28,953.4 $28,752.5 $200.8 $2,439.9
====================================
Grand total* $57,109.1 $57,069.6 $39.5 $18,624.4
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* figures may not total due to rounding
+ does not include capitalized interest