MARCH 2010 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of January 2010. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled$56.5 billion on January 31, 2010, posting a decrease of $4,621.0 million from the level on December 31, 2009. This net change was the result of a decrease in net holdings of agency debt of$5,055.5 million and an increase in net holdings of government-guaranteed loans of$434.5 million. The FFB made 87 disbursements and received one prepayment during the month of January. The FFB also reset the interest rate for 7 loans issued by the HOPE for Homeowners program and one loan guaranteed by the Department of Education during the month. |
JANUARY 2010 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 1/04 | $205,400,000.00 | 1/05/10 | 0.176% | S/A |
| U.S. Postal Service | 1/08 | $400,000,000.00 | 1/11/10 | 0.155% | S/A |
| U.S. Postal Service | 1/08 | $126,400,000.00 | 1/11/10 | 0.145% | S/A |
| U.S. Postal Service | 1/11 | $600,000,000.00 | 1/12/10 | 0.145% | S/A |
| U.S. Postal Service | 1/11 | $161,600,000.00 | 1/12/10 | 0.135% | S/A |
| U.S. Postal Service | 1/12 | $300,000,000.00 | 1/13/10 | 0.145% | S/A |
| U.S. Postal Service | 1/12 | $246,800,000.00 | 1/13/10 | 0.145% | S/A |
| U.S. Postal Service | 1/13 | $250,000,000.00 | 1/14/10 | 0.135% | S/A |
| U.S. Postal Service | 1/13 | $154,900,000.00 | 1/14/10 | 0.145% | S/A |
| U.S. Postal Service | 1/14 | $242,100,000.00 | 1/15/10 | 0.145% | S/A |
| U.S. Postal Service | 1/15 | $347,200,000.00 | 1/19/10 | 0.155% | S/A |
| U.S. Postal Service | 1/19 | $87,000,000.00 | 1/20/10 | 0.155% | S/A |
| U.S. Postal Service | 1/22 | $400,000,000.00 | 1/25/10 | 0.155% | S/A |
| U.S. Postal Service | 1/22 | $277,200,000.00 | 1/25/10 | 0.145% | S/A |
| U.S. Postal Service | 1/25 | $600,000,000.00 | 1/26/10 | 0.145% | S/A |
| U.S. Postal Service | 1/25 | $318,400,000.00 | 1/26/10 | 0.145% | S/A |
| U.S. Postal Service | 1/26 | $375,000,000.00 | 1/27/10 | 0.145% | S/A |
| U.S. Postal Service | 1/26 | $236,100,000.00 | 1/27/10 | 0.145% | S/A |
| U.S. Postal Service | 1/27 | $260,000,000.00 | 1/28/10 | 0.145% | S/A |
| U.S. Postal Service | 1/27 | $175,200,000.00 | 1/28/10 | 0.135% | S/A |
| U.S. Postal Service | 1/28 | $229,600,000.00 | 1/29/10 | 0.135% | S/A |
| U.S. Postal Service | 1/29 | $1,263,000,000.00 | 2/01/10 | 0.135% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-SECTION 1705 (RECOVERY) | |||||
| Solyndra | 1/12 | $25,816,735.57 | 8/15/16 | 2.443% | Qtr. |
| DEPARTMENT OF EDUCATION | |||||
| *Clark Atlanta University | 1/04 | $11,296,385.32 | 7/01/10 | 0.203% | S/A |
| Bennett College | 1/11 | $21,669.16 | 10/03/16 | 3.226% | S/A |
| Bennett College | 1/11 | $68,188.73 | 4/01/10 | 0.044% | S/A |
| Southern University | 1/11 | $858,205.46 | 6/01/10 | 0.111% | S/A |
| Tougaloo College | 1/11 | $612,760.66 | 6/01/10 | 0.111% | S/A |
| Xavier University | 1/11 | $891,786.64 | 6/01/10 | 0.111% | S/A |
| Bennett College | 1/21 | $107,611.57 | 10/03/16 | 3.065% | S/A |
| Bennett College | 1/21 | $111,914.52 | 4/01/10 | 0.037% | S/A |
| Southern University | 1/21 | $60,653.00 | 6/01/10 | 0.090% | S/A |
| Tuskegee Univ. | 1/26 | $1,801,124.32 | 11/01/33 | 4.463% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Columbus Electric #2539 | 1/04 | $800,000.00 | 3/31/11 | 0.629% | Qtr. |
| Highline Elec. #2631 | 1/04 | $4,121,000.00 | 12/31/43 | 4.459% | Qtr. |
| Tri-County Elec. Coop. #2347 | 1/04 | $1,400,000.00 | 12/31/36 | 4.335% | Qtr. |
| Valley Telecom #2592 | 1/04 | $650,000.00 | 1/03/11 | 0.476% | Qtr. |
| Blackduck Telephone Co. #2215 | 1/07 | $170,818.00 | 12/31/14 | 2.384% | Qtr. |
| Southside Electric #2527 | 1/07 | $6,675,000.00 | 6/30/11 | 0.689% | Qtr. |
| West Central Electric #2441 | 1/07 | $510,000.00 | 12/31/42 | 4.489% | Qtr. |
| Alger-Delta Co-Op #2488 | 1/08 | $700,000.00 | 12/31/42 | 4.486% | Qtr. |
| Brazos Electric #2307 | 1/08 | $4,719,000.00 | 6/30/10 | 0.152% | Qtr. |
| Brazos Electric #2307 | 1/08 | $5,000,000.00 | 6/30/10 | 0.152% | Qtr. |
| Brazos Electric #2307 | 1/08 | $5,000,000.00 | 6/30/10 | 0.152% | Qtr. |
| Brazos Electric #2608 | 1/08 | $26,619,000.00 | 6/30/10 | 0.152% | Qtr. |
| Cumberland Valley #2358 | 1/08 | $3,000,000.00 | 6/30/10 | 0.152% | Qtr. |
| Columbia Power Coop. #2449 | 1/08 | $1,935,000.00 | 12/31/42 | 4.485% | Qtr. |
| Crow Wing Cooperative #2640 | 1/08 | $14,000,000.00 | 6/30/11 | 0.689% | Qtr. |
| Fairfield Elec. #2286 | 1/08 | $6,000,000.00 | 3/31/11 | 0.526% | Qtr. |
| Midwest Electric, Inc. #2464 | 1/08 | $1,200,000.00 | 12/31/42 | 4.485% | Qtr. |
| Sho-Me Power #2615 | 1/08 | $3,000,000.00 | 12/31/43 | 4.499% | Qtr. |
| New Hope Telephone Coop #2317 | 1/11 | $4,823,669.00 | 12/31/25 | 3.782% | Qtr. |
| Hoosier Energy Elec. #2234 | 1/12 | $333,000.00 | 12/31/19 | 3.027% | Qtr. |
| Hoosier Energy Elec. #2234 | 1/12 | $1,836,000.00 | 12/31/19 | 3.027% | Qtr. |
| Hoosier Energy Elec. #2341 | 1/12 | $30,446,000.00 | 12/31/35 | 4.355% | Qtr. |
| Hoosier Energy Elec. #2341 | 1/12 | $19,527,000.00 | 12/31/35 | 4.355% | Qtr. |
| Pee Dee Elec. #2357 | 1/12 | $5,451,000.00 | 3/31/15 | 2.619% | Qtr. |
| Sioux Val.-Southwestern #2662 | 1/12 | $5,000,000.00 | 12/31/43 | 4.531% | Qtr. |
| Verendrye Elec. #2451 | 1/12 | $929,000.00 | 12/31/42 | 4.512% | Qtr. |
| Arkansas Valley Elec. #2292 | 1/13 | $7,000,000.00 | 12/31/40 | 4.356% | Qtr. |
| Hoosier Energy Elec. #2341 | 1/14 | $68,438,000.00 | 12/31/35 | 4.312% | Qtr. |
| Kalona Cooperative #2659 | 1/14 | $1,733,212.00 | 1/02/29 | 3.906% | Qtr. |
| Meeker Cooperative #2504 | 1/14 | $2,000,000.00 | 12/31/42 | 4.474% | Qtr. |
| Stearns Cooperative #2634 | 1/14 | $2,001,000.00 | 6/30/10 | 0.136% | Qtr. |
| French Broad Elec. #2391 | 1/15 | $3,000,000.00 | 12/31/42 | 4.399% | Qtr. |
| Georgia Trans. Corp. #2626 | 1/15 | $20,186,000.00 | 1/03/39 | 4.324% | Qtr. |
| Central Power Elec. #2529 | 1/19 | $1,821,000.00 | 6/30/10 | 0.137% | Qtr. |
| TOLEDO TELEPHONE #2075 | 1/19 | $398,644.00 | 12/31/20 | 3.046% | Qtr. |
| Fergus Electric Coop. #2609 | 1/20 | $1,000,000.00 | 12/31/43 | 4.392% | Qtr. |
| Lincoln Electric #2499 | 1/20 | $627,000.00 | 12/31/42 | 4.373% | Qtr. |
| Arizona Electric #2548 | 1/22 | $1,300,000.00 | 12/31/35 | 4.102% | Qtr. |
| Victoria Electric #2566 | 1/22 | $2,045,000.00 | 12/31/43 | 4.282% | Qtr. |
| Appalachian Elec. #2623 | 1/25 | $7,000,000.00 | 12/31/43 | 4.284% | Qtr. |
| Jackson Energy #2484 | 1/25 | $5,000,000.00 | 6/30/10 | 0.122% | Qtr. |
| McLean Electric #2613 | 1/25 | $209,000.00 | 12/31/43 | 4.150% | Qtr. |
| Stearns Cooperative #2634 | 1/25 | $4,000,000.00 | 12/31/43 | 4.284% | Qtr. |
| Thumb Electric #2461 | 1/25 | $2,000,000.00 | 6/30/10 | 0.122% | Qtr. |
| Triangle Telephone Coop #2594 | 1/25 | $5,506,267.00 | 12/31/30 | 3.790% | Qtr. |
| Central Virginia Elec. #2657 | 1/26 | $6,000,000.00 | 12/31/43 | 4.327% | Qtr. |
| Community Electric #2473 | 1/26 | $2,500,000.00 | 12/31/42 | 4.306% | Qtr. |
| Northern Neck Elec. #2404 | 1/26 | $1,500,000.00 | 12/31/42 | 4.306% | Qtr. |
| Bailey County Elec. #2219 | 1/27 | $432,551.46 | 1/03/40 | 4.251% | Qtr. |
| East Kentucky Power #2530 | 1/27 | $20,000,000.00 | 1/03/40 | 4.252% | Qtr. |
| Cookson Hills Elec. #2373 | 1/28 | $1,253,000.00 | 12/31/42 | 4.311% | Qtr. |
| East Kentucky Power #2321 | 1/28 | $7,000,000.00 | 12/31/40 | 4.273% | Qtr. |
| Yellowstone Valley Elec. #2670 | 1/28 | $3,973,000.00 | 12/31/43 | 4.334% | Qtr. |
| Basin Electric #2625 | 1/29 | $77,809,000.00 | 1/03/39 | 4.244% | Qtr. |
| AGENCY DEBT | |||||
| HOPE FOR HOMEOWNERS | |||||
| *HOPE Bonds | 1/15 | $29,535,000.00 | 4/15/10 | 0.051% | Qtr. |
| *HOPE Bonds | 1/15 | $62,028.36 | 4/15/10 | 0.051% | Qtr. |
| *HOPE Bonds | 1/15 | $1,084,546.89 | 4/15/10 | 0.051% | Qtr. |
| *HOPE Bonds | 1/15 | $145,483.86 | 4/15/10 | 0.051% | Qtr. |
| *HOPE Bonds | 1/15 | $209,680.01 | 4/15/10 | 0.051% | Qtr. |
| *HOPE Bonds | 1/15 | $461,000,000.00 | 4/15/10 | 0.051% | Qtr. |
| *HOPE Bonds | 1/15 | $226,957.01 | 4/15/10 | 0.051% | Qtr. |
| HOPE Bonds | 1/15 | $89,335.75 | 4/15/10 | 0.051% | 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 | January 31, 2010 | December 31, 2009 | 1/01/10- 1/31/10 | 10/01/09- 1/31/10 |
| Agency Debt | ||||
| U.S. Postal Service | $7,288.0 | $7,541.6 | -$253.6 | -$2,912.0 |
| National Credit Union Adm.-CLF | $13,510.8 | $18,312.8 | -$4,802.0 | -$4,873.3 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $492.4 | $492.3 | $0.1 | $0.3 |
| Subtotal* | $21,291.1 | $26,346.6 | -$5,055.5 | -$7,785.0 |
| 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 | $532.7 | $532.7 | $0.0 | -$12.7 |
| DoEd-HBCU+ | $483.5 | $480.7 | $2.8 | $31.8 |
| DOE-Adv Technology Vehicles Mfg | $1,221.2 | $1,221.2 | $0.0 | $334.9 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $166.7 | $140.9 | $25.8 | $145.3 |
| DHUD-Public Housing Notes | $483.1 | $483.1 | $0.0 | -$103.9 |
| General Services Administration+ | $2,015.2 | $2,018.6 | -$3.4 | -$11.2 |
| Rural Utilities Service | $24,256.1 | $23,846.5 | $409.6 | $1,864.9 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $4.2 | $4.5 | -$0.2 | -$1.2 |
| DOT-Section 511 | $1.7 | $1.7 | $0.0 | -$0.1 |
| 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* | $32,169.1 | $31,734.6 | $434.5 | $2,247.9 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $56,507.3 | $61,128.3 | -$4,621.0 | -$5,537.1 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |