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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.
|
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. |
(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 |