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FEDERAL FINANCING BANK

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

     FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $61.3 billion on October 31, 2009, posting a decrease of $785.4 million from the level on September 30, 2009. This net change was the result of a decrease in holdings of agency debt of $1,426.0 million and an increase in net holdings of government-guaranteed loans of $640.6 million.  The FFB made 73 disbursements and reset the interest rate for one loan guaranteed by the Department of Education and 6 loans issued by the HOPE for Homeowners program during the month of October.

Attached to this release are tables presenting FFB October loan activity and FFB holdings as of October 31, 2009.

 

FEDERAL FINANCING BANK
OCTOBER 2009 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 10/16 $500,000,000.00 10/19/09 0.176% S/A
U.S. Postal Service 10/16 $278,000,000.00 10/19/09 0.186% S/A
U.S. Postal Service 10/19 $725,000,000.00 10/20/09 0.186% S/A
U.S. Postal Service 10/19 $240,500,000.00 10/20/09 0.186% S/A
U.S. Postal Service 10/20 $430,000,000.00 10/21/09 0.186% S/A
U.S. Postal Service 10/20 $284,700,000.00 10/21/09 0.176% S/A
U.S. Postal Service 10/21 $275,000,000.00 10/22/09 0.186% S/A
U.S. Postal Service 10/21 $373,500,000.00 10/22/09 0.176% S/A
U.S. Postal Service 10/22 $100,000,000.00 10/23/09 0.176% S/A
U.S. Postal Service 10/22 $312,000,000.00 10/23/09 0.145% S/A
U.S. Postal Service 10/23 $231,600,000.00 10/26/09 0.145% S/A
U.S. Postal Service 10/26 $17,400,000.00 10/27/09 0.166% S/A
U.S. Postal Service 10/30 $1,850,000,000.00 11/02/09 0.166% S/A
U.S. Postal Service 10/30 $401,800,000.00 11/02/09 0.135% S/A
GOVERNMENT-GUARANTEED LOANS
DOE-SECTION 1705 (RECOVERY)
Solyndra 10/09 $43,322,879.21 8/15/16 2.208% Qtr.
GENERAL SERVICES ADMINISTRATION
Foley Services Contract 10/26 $1,070,669.43 7/31/25 3.653% S/A
DEPARTMENT OF EDUCATION
*Bennett College 10/01 $292,003.69 4/01/10 0.183% S/A
Bennett College 10/23 $192,591.46 10/01/15 2.746% S/A
Bennett College 10/23 $162,845.04 4/01/10 0.129% S/A
RURAL UTILITIES SERVICE
East Kentucky Power #2530 10/01 $19,000,000.00 1/03/40 3.853% Qtr.
East Kentucky Power #2531 10/01 $6,000,000.00 12/31/40 3.865% Qtr.
United Farmers Tele. #2535 10/01 $356,119.00 12/31/29 3.613% Qtr.
Associated Electric #2611 10/02 $160,000,000.00 12/31/41 3.806% Qtr.
Associated Electric #2612 10/02 $40,000,000.00 1/03/40 3.781% Qtr.
Blackduck Telephone Co. #2214 10/02 $245,061.83 12/31/14 1.600% Qtr.
Blackduck Telephone Co. #2215 10/02 $159,301.17 1/03/22 2.842% Qtr.
Prairie Elec. #2393 10/02 $3,890,000.00 12/31/35 3.710% Qtr.
Victory Electric #2551 10/02 $1,684,400.00 12/31/37 3.751% Qtr.
Plumas-Sierra Elec. #2538 10/05 $1,688,000.00 1/03/28 3.356% Qtr.
Western Indiana #2367 10/05 $3,000,000.00 12/31/42 3.848% Qtr.
Fleming-Mason Energy #2515 10/06 $1,000,000.00 3/31/10 0.145% Qtr.
Holmes-Wayne Elec. #2489 10/06 $3,000,000.00 12/31/42 3.849% Qtr.
Runestone Electric Ass. #2439 10/06 $1,500,000.00 3/31/10 0.145% Qtr.
Logan County Coop. #2463 10/08 $567,000.00 12/31/42 3.823% Qtr.
Menard Elec. #2605 10/08 $1,000,000.00 12/31/42 3.828% Qtr.
Southern Pioneer Elec #2585 10/08 $4,150,000.00 12/31/35 3.714% Qtr.
Beartooth Elec. Coop. #2462 10/09 $100,000.00 12/31/42 3.914% Qtr.
Comanche County Elec. #2599 10/09 $1,649,000.00 12/31/43 3.930% Qtr.
N.E. Missouri Elec. #2420 10/09 $2,500,000.00 12/31/40 3.885% Qtr.
Bartlett Elec. #2469 10/13 $653,000.00 12/31/42 4.058% Qtr.
Cape Hatteras Electric #2411 10/13 $754,487.00 12/31/37 3.985% Qtr.
Flint Hills Rural Elec. #2620 10/13 $1,700,000.00 12/31/43 4.073% Qtr.
W. Farmers Elec. Coop. #2579 10/13 $7,049,000.00 12/31/43 4.068% Qtr.
W. Farmers Elec. Coop. #2578 10/13 $1,244,000.00 12/31/24 3.367% Qtr.
Brazos Electric #2608 10/14 $25,000,000.00 3/31/10 0.138% Qtr.
Brazos Electric #2608 10/14 $25,000,000.00 3/31/10 0.138% Qtr.
Brazos Electric #2608 10/14 $25,000,000.00 3/31/10 0.138% Qtr.
Brazos Electric #2608 10/14 $25,000,000.00 3/31/10 0.138% Qtr.
Brazos Electric #2608 10/14 $25,000,000.00 3/31/10 0.138% Qtr.
Brazos Electric #2608 10/14 $25,000,000.00 3/31/10 0.138% Qtr.
Brazos Electric #2608 10/14 $25,000,000.00 3/31/10 0.138% Qtr.
Brazos Electric #2608 10/14 $26,877,000.00 3/31/10 0.138% Qtr.
Georgia Trans. Corp. #2626 10/16 $38,028,000.00 1/03/39 4.090% Qtr.
Karnes Elec. #2380 10/16 $2,000,000.00 12/31/42 4.142% Qtr.
Carroll Elec. #2505 10/19 $2,000,000.00 12/31/42 4.079% Qtr.
East Central Energy #2472 10/19 $13,400,000.00 12/31/42 4.079% Qtr.
Kamo Electric #2610 10/19 $9,000,000.00 1/03/39 4.024% Qtr.
Kamo Electric #2610 10/19 $24,000,000.00 1/03/39 4.024% Qtr.
Kamo Electric #2610 10/20 $7,000,000.00 1/03/39 3.992% Qtr.
Victory Electric #2510 10/20 $1,129,000.00 12/31/42 4.046% Qtr.
Eagle Telephone System #2027 10/21 $247,688.00 12/31/20 2.832% Qtr.
Little River Elec. #2614 10/22 $3,700,000.00 3/31/10 0.147% Qtr.
Indian Electric #2583 10/26 $6,000,000.00 12/31/43 4.141% Qtr.
Lorain-Medina Elec. #2400 10/26 $1,190,000.00 12/31/42 4.128% Qtr.
French Broad Elec. #2391 10/27 $2,000,000.00 12/31/42 4.206% Qtr.
Mecklenburg Electric #2630 10/27 $7,700,000.00 12/31/43 4.222% Qtr.
Scott County Telephone #2175 10/27 $26,933.00 12/31/20 3.054% Qtr.
Consolidated Telcom #2571 10/28 $2,166,959.00 1/02/29 3.746% Qtr.
Midstate Communications #2477 10/28 $476,442.00 1/03/28 3.675% Qtr.
Beartooth Elec. Coop. #2462 10/29 $225,000.00 12/31/42 4.077% Qtr.
Goodhue County #2557 10/29 $600,000.00 12/31/43 4.092% Qtr.
Interstate Tele #2476 10/29 $1,145,212.00 12/31/26 3.462% Qtr.
Bruce Acquisition Corp. #2638 10/30 $10,500,000.00 3/31/10 0.137% Qtr.
AGENCY DEBT
HOPE FOR HOMEOWNERS
*HOPE Bonds 10/15 $29,535,000.00 1/15/10 0.072% Qtr.
*HOPE Bonds 10/15 $62,028.36 1/15/10 0.072% Qtr.
*HOPE Bonds 10/15 $1,084,546.89 1/15/10 0.072% Qtr.
*HOPE Bonds 10/15 $145,483.86 1/15/10 0.072% Qtr.
*HOPE Bonds 10/15 $209,680.01 1/15/10 0.072% Qtr.
*HOPE Bonds 10/15 $461,000,000.00 1/15/10 0.072% Qtr.
HOPE Bonds 10/15 $226,957.01 1/15/10 0.072% Qtr.
S/A is a Semiannual rate
Qtr. is a Quarterly rate
* maturity extension or interest rate reset or principal rollover


FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)


Monthly Fiscal Year
Net Change Net Change
Program October 31, 2009 September 30, 2009 10/01/09-10/31/09 10/01/09-10/31/09
Agency Debt
U.S. Postal Service $8,776.8 $10,200.0 -$1,423.2 -$1,423.2
National Credit Union Adm.-CLF $18,381.1 $18,384.1 -$3.0 -$3.0
Federal Deposit Insurance Corp. $0.0 $0.0 $0.0 $0.0
HOPE for Homeowners Bonds      $492.3      $492.0        $0.2        $0.2
Subtotal* $27,650.1 $29,076.1 -$1,426.0 -$1,426.0
Agency Assets
Rural Utilities Service-CBO    $3,047.0    $3,047.0        $0.0        $0.0
Subtotal* $3,047.0 $3,047.0 $0.0 $0.0
Government-Guaranteed Lending
DOD-Foreign Military Sales $545.1 $545.4 -$0.2 -$0.2
DoEd-HBCU+ $452.0 $451.7 $0.4 $0.4
DOE-Adv Technology Vehicles Mfg $886.3 $886.3 $0.0 $0.0
DOE-Section 1703 (Non-Recovery) $0.0 $0.0 $0.0 $0.0
DOE-Section 1705 (Recovery) $64.7 $21.4 $43.3 $43.3
DHUD-Public Housing Notes $587.0 $587.0 $0.0 $0.0
General Services Administration+ $2,026.5 $2,026.4 $0.1 $0.1
Rural Utilities Service $22,988.5 $22,391.2 $597.3 $597.3
Rural Utilities Service-GETP $3,000.0 $3,000.0 $0.0 $0.0
SBA-State/Local Development Cos. $5.1 $5.4 -$0.3 -$0.3
DOT-Section 511 $1.8 $1.8 $0.0 $0.0
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* $30,561.8 $29,921.3 $640.6 $640.6
========= ========= ========= =========
Grand total* $61,259.0 $62,044.4 -$785.4 -$785.4
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest