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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 November 2009. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $61.7 billion on November 30, 2009, posting an increase of $467.3 million from the level on October 31, 2009. This net change was the result of a decrease in holdings of agency debt of $193.5 million and an increase in net holdings of government-guaranteed loans of $660.8 million. The FFB made 87 disbursements and received 3 prepayments during the month of November. The FFB also reset the interest rate for one loan guaranteed by the Department of Education during the month. Attached to this release are tables presenting FFB November loan activity and FFB holdings as of November 30, 2009.
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NOVEMBER 2009 ACTIVITY
| Borrower | Date | of Advance | Maturity | Rate | |
|---|---|---|---|---|---|
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 11/02 | $750,000,000.00 | 11/03/09 | 0.145% | S/A |
| U.S. Postal Service | 11/02 | $346,300,000.00 | 11/03/09 | 0.155% | S/A |
| U.S. Postal Service | 11/03 | $450,000,000.00 | 11/04/09 | 0.135% | S/A |
| U.S. Postal Service | 11/03 | $346,400,000.00 | 11/04/09 | 0.166% | S/A |
| U.S. Postal Service | 11/04 | $300,000,000.00 | 11/05/09 | 0.155% | S/A |
| U.S. Postal Service | 11/04 | $327,300,000.00 | 11/05/09 | 0.176% | S/A |
| U.S. Postal Service | 11/05 | $175,000,000.00 | 11/06/09 | 0.166% | S/A |
| U.S. Postal Service | 11/05 | $206,800,000.00 | 11/06/09 | 0.186% | S/A |
| U.S. Postal Service | 11/06 | $135,600,000.00 | 11/09/09 | 0.186% | S/A |
| U.S. Postal Service | 11/13 | $300,000,000.00 | 11/16/09 | 0.186% | S/A |
| U.S. Postal Service | 11/13 | $180,800,000.00 | 11/16/09 | 0.176% | S/A |
| U.S. Postal Service | 11/16 | $1,150,000,000.00 | 11/17/09 | 0.186% | S/A |
| U.S. Postal Service | 11/16 | $118,800,000.00 | 11/17/09 | 0.176% | S/A |
| U.S. Postal Service | 11/17 | $700,000,000.00 | 11/18/09 | 0.176% | S/A |
| U.S. Postal Service | 11/17 | $294,000,000.00 | 11/18/09 | 0.176% | S/A |
| U.S. Postal Service | 11/18 | $525,000,000.00 | 11/19/09 | 0.176% | S/A |
| U.S. Postal Service | 11/18 | $298,100,000.00 | 11/19/09 | 0.166% | S/A |
| U.S. Postal Service | 11/19 | $325,000,000.00 | 11/20/09 | 0.176% | S/A |
| U.S. Postal Service | 11/19 | $295,500,000.00 | 11/20/09 | 0.155% | S/A |
| U.S. Postal Service | 11/20 | $200,000,000.00 | 11/23/09 | 0.166% | S/A |
| U.S. Postal Service | 11/20 | $226,100,000.00 | 11/23/09 | 0.166% | S/A |
| U.S. Postal Service | 11/23 | $232,100,000.00 | 11/24/09 | 0.176% | S/A |
| U.S. Postal Service | 11/24 | $28,500,000.00 | 11/25/09 | 0.186% | S/A |
| U.S. Postal Service | 11/27 | $700,000,000.00 | 11/30/09 | 0.186% | S/A |
| U.S. Postal Service | 11/27 | $155,100,000.00 | 11/30/09 | 0.186% | S/A |
| U.S. Postal Service | 11/30 | $2,327,000,000.00 | 12/01/09 | 0.196% | S/A |
| U.S. Postal Service | 11/30 | $231,300,000.00 | 12/01/09 | 0.206% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-ADV TECHNOLOGY VEHICLES MFG | |||||
| Ford Motor Company | 11/25 | $199,000,000.00 | 6/15/22 | 2.972% | Qtr. |
| Ford Motor Company | 11/25 | $40,200,000.00 | 6/15/22 | 2.972% | Qtr. |
| DOE-SECTION 1705 (RECOVERY) | |||||
| Solyndra | 11/10 | $20,632,321.83 | 8/15/16 | 2.261% | Qtr. |
| GENERAL SERVICES ADMINISTRATION | |||||
| Foley Services Contract | 11/03 | $17,889.97 | 7/31/25 | 3.572% | S/A |
| San Francisco Bldg Lease | 11/16 | $135,889.14 | 8/01/35 | 4.148% | S/A |
| Foley Services Contract | 11/20 | $329,395.74 | 7/31/25 | 3.477% | S/A |
| Foley Services Contract | 11/24 | $3,634.11 | 7/31/25 | 3.490% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Tuskegee Univ. | 11/02 | $2,000,000.00 | 5/03/10 | 0.167% | S/A |
| Allen University | 11/06 | $1,422,642.75 | 11/03/36 | 4.396% | S/A |
| Dillard University | 11/06 | $4,903,911.59 | 12/01/09 | 0.061% | S/A |
| Southern University | 11/06 | $4,900,670.19 | 12/01/09 | 0.061% | S/A |
| Tuskegee Univ. | 11/06 | $3,338,053.41 | 11/01/32 | 4.374% | S/A |
| Xavier University | 11/06 | $1,035,556.05 | 12/01/09 | 0.061% | S/A |
| Allen University | 11/18 | $727,580.26 | 5/01/37 | 4.239% | S/A |
| Tougaloo College | 11/20 | $220,498.56 | 12/01/09 | 0.030% | S/A |
| Tougaloo College | 11/20 | $181,308.24 | 12/01/09 | 0.030% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Atlantic Telephone Mem. #805 | 11/02 | $4,698,317.00 | 12/31/20 | 2.872% | Qtr. |
| Southwest Mississippi #2622 | 11/03 | $2,900,000.00 | 12/31/43 | 4.098% | Qtr. |
| Brazos Electric #2307 | 11/05 | $5,000,000.00 | 1/03/40 | 4.190% | Qtr. |
| Brazos Electric #2307 | 11/05 | $5,000,000.00 | 3/31/10 | 0.110% | Qtr. |
| Brazos Electric #2307 | 11/05 | $4,373,000.00 | 3/31/10 | 0.110% | Qtr. |
| Brazos Electric #2608 | 11/05 | $25,000,000.00 | 3/31/10 | 0.110% | Qtr. |
| Brazos Electric #2608 | 11/05 | $25,000,000.00 | 3/31/10 | 0.110% | Qtr. |
| Brazos Electric #2608 | 11/05 | $25,755,000.00 | 3/31/10 | 0.110% | Qtr. |
| Charles Mix Elec. #2432 | 11/05 | $486,000.00 | 12/31/42 | 4.220% | Qtr. |
| Flint Hills Rural Elec. #2620 | 11/05 | $300,000.00 | 12/31/43 | 4.237% | Qtr. |
| Triangle Telephone Coop #2594 | 11/05 | $2,001,432.00 | 12/31/30 | 3.925% | Qtr. |
| Valley Telecom #2592 | 11/05 | $450,000.00 | 9/30/10 | 0.307% | Qtr. |
| Mountain View Electric #2487 | 11/06 | $5,000,000.00 | 12/31/42 | 4.219% | Qtr. |
| Central Electric Coop. #2633 | 11/10 | $6,543,000.00 | 3/31/10 | 0.123% | Qtr. |
| Flint Hills Rural Elec. #2620 | 11/10 | $500,000.00 | 12/31/43 | 4.220% | Qtr. |
| New-Mac Electric #2628 | 11/10 | $5,800,000.00 | 12/31/43 | 4.220% | Qtr. |
| Southern Pioneer Elec #2585 | 11/10 | $5,430,000.00 | 12/31/35 | 4.070% | Qtr. |
| W. Farmers Elec. Coop. #2319 | 11/12 | $4,185,000.00 | 12/31/40 | 4.182% | Qtr. |
| W. Farmers Elec. Coop. #2579 | 11/12 | $2,223,000.00 | 12/31/43 | 4.227% | Qtr. |
| W. Farmers Elec. Coop. #2578 | 11/12 | $392,000.00 | 12/31/24 | 3.433% | Qtr. |
| Wilkes Tele. & Elec. #851 | 11/12 | $20,000.00 | 12/31/18 | 2.594% | Qtr. |
| Mille Lacs Electric #2460 | 11/13 | $500,000.00 | 12/31/42 | 4.196% | Qtr. |
| Panhandle Rural Elec #2478 | 11/13 | $1,000,000.00 | 12/31/42 | 4.196% | Qtr. |
| Seminole Electric #2366 | 11/13 | $23,747,000.00 | 12/31/37 | 4.100% | Qtr. |
| Verendrye Elec. #2451 | 11/13 | $624,000.00 | 12/31/42 | 4.196% | Qtr. |
| Deep East Texas Elec. #2506 | 11/16 | $3,700,000.00 | 12/31/42 | 4.156% | Qtr. |
| Firelands Elec. #2493 | 11/16 | $1,000,000.00 | 12/31/42 | 4.155% | Qtr. |
| N. Carolina Elec. #2259 | 11/16 | $5,497,000.00 | 12/31/26 | 3.558% | Qtr. |
| N. Carolina Elec. #2359 | 11/16 | $3,835,000.00 | 1/03/39 | 4.083% | Qtr. |
| Ark Valley Elec Coop #2621 | 11/17 | $2,904,000.00 | 12/31/43 | 4.067% | Qtr. |
| East Kentucky Power #2530 | 11/18 | $25,000,000.00 | 1/03/40 | 3.992% | Qtr. |
| East Kentucky Power #2530 | 11/18 | $25,000,000.00 | 1/03/40 | 3.992% | Qtr. |
| East Kentucky Power #2530 | 11/19 | $25,000,000.00 | 1/03/40 | 4.031% | Qtr. |
| East Kentucky Power #2530 | 11/19 | $25,000,000.00 | 1/03/40 | 4.031% | Qtr. |
| Medina Electric #2549 | 11/19 | $1,000,000.00 | 3/31/10 | 0.079% | Qtr. |
| Clay-Union Electric #2447 | 11/20 | $390,000.00 | 3/31/10 | 0.068% | Qtr. |
| Ashley-Chicot Elec. #2584 | 11/24 | $1,000,000.00 | 12/31/43 | 4.095% | Qtr. |
| Todd-Wadena Electric #2440 | 11/24 | $1,000,000.00 | 12/31/42 | 4.075% | Qtr. |
| Traverse Electric #2635 | 11/24 | $890,000.00 | 12/31/43 | 4.095% | Qtr. |
| N.E. Missouri Elec. #2352 | 11/25 | $2,500,000.00 | 12/31/35 | 3.872% | Qtr. |
| TRANSCO #2323 | 11/25 | $5,969,000.00 | 12/31/35 | 3.872% | Qtr. |
| Grundy Elec. Coop. #2397 | 11/27 | $1,900,000.00 | 3/31/10 | 0.080% | Qtr. |
| North Georgia Elec. #2448 | 11/27 | $12,000,000.00 | 12/31/42 | 4.000% | Qtr. |
| Hoosier Energy Elec. #2590 | 11/30 | $190,968,000.00 | 1/03/33 | 3.673% | Qtr. |
| Rappahannock Electric #2619 | 11/30 | $11,400,000.00 | 12/31/43 | 3.982% | Qtr. |
S/A is a Semiannual rate
Qtr. is a Quarterly rate
* maturity extension or interest rate reset or principal rollover
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | November 30, 2009 | October 31, 2009 | 11/01/09-11/30/09 | 10/01/09-11/30/09 |
| Agency Debt | ||||
| U.S. Postal Service | $8,583.3 | $8,776.8 | -$193.5 | -$1,616.7 |
| National Credit Union Adm.-CLF | $18,381.1 | $18,381.1 | $0.0 | -$3.0 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $492.3 | $492.3 | $0.0 | $0.2 |
| Subtotal* | $27,456.6 | $27,650.1 | -$193.5 | -$1,619.5 |
| 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 | $540.1 | $545.1 | -$5.0 | -$5.3 |
| DoEd-HBCU+ | $468.6 | $452.0 | $16.5 | $16.9 |
| DOE-Adv Technology Vehicles Mfg | $1,125.5 | $886.3 | $239.2 | $239.2 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $85.3 | $64.7 | $20.6 | $64.0 |
| DHUD-Public Housing Notes | $483.1 | $587.0 | -$103.9 | -$103.9 |
| General Services Administration+ | $2,017.4 | $2,026.5 | -$9.1 | -$9.0 |
| Rural Utilities Service | $23,491.3 | $22,988.5 | $502.9 | $1,100.2 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $4.7 | $5.1 | -$0.4 | -$0.7 |
| 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* | $31,222.7 | $30,561.8 | $660.8 | $1,301.4 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $61,726.3 | $61,259.0 | $467.3 | -$318.1 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |