MARCH 2010 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of February 2010. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $53.8 billion on February 28, 2010, posting a decrease of $2,702.9 million from the level on January 31, 2010. This net change was the result of a decrease in net holdings of agency debt of $3,018.2 million and an increase in net holdings of government-guaranteed loans of $315.3 million. The FFB made 72 disbursements and received 2 prepayments during the month of February. |
FEBRUARY 2010 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 2/01 | $118,500,000.00 | 2/02/10 | 0.176% | S/A |
| U.S. Postal Service | 2/05 | $400,000,000.00 | 2/08/10 | 0.176% | S/A |
| U.S. Postal Service | 2/05 | $56,900,000.00 | 2/08/10 | 0.155% | S/A |
| U.S. Postal Service | 2/08 | $600,000,000.00 | 2/09/10 | 0.166% | S/A |
| U.S. Postal Service | 2/08 | $153,900,000.00 | 2/09/10 | 0.155% | S/A |
| U.S. Postal Service | 2/09 | $325,000,000.00 | 2/10/10 | 0.155% | S/A |
| U.S. Postal Service | 2/09 | $275,200,000.00 | 2/10/10 | 0.176% | S/A |
| U.S. Postal Service | 2/10 | $200,000,000.00 | 2/11/10 | 0.155% | S/A |
| U.S. Postal Service | 2/10 | $272,500,000.00 | 2/11/10 | 0.186% | S/A |
| U.S. Postal Service | 2/11 | $317,700,000.00 | 2/12/10 | 0.176% | S/A |
| U.S. Postal Service | 2/12 | $90,100,000.00 | 2/16/10 | 0.166% | S/A |
| U.S. Postal Service | 2/19 | $187,000,000.00 | 2/22/10 | 0.196% | S/A |
| U.S. Postal Service | 2/19 | $297,700,000.00 | 2/22/10 | 0.186% | S/A |
| U.S. Postal Service | 2/22 | $433,000,000.00 | 2/23/10 | 0.196% | S/A |
| U.S. Postal Service | 2/22 | $294,100,000.00 | 2/23/10 | 0.186% | S/A |
| U.S. Postal Service | 2/23 | $239,000,000.00 | 2/24/10 | 0.186% | S/A |
| U.S. Postal Service | 2/23 | $230,100,000.00 | 2/24/10 | 0.206% | S/A |
| U.S. Postal Service | 2/24 | $203,000,000.00 | 2/25/10 | 0.186% | S/A |
| U.S. Postal Service | 2/24 | $124,900,000.00 | 2/25/10 | 0.206% | S/A |
| U.S. Postal Service | 2/25 | $142,800,000.00 | 2/26/10 | 0.216% | S/A |
| U.S. Postal Service | 2/26 | $900,000,000.00 | 3/01/10 | 0.206% | S/A |
| U.S. Postal Service | 2/26 | $259,900,000.00 | 3/01/10 | 0.216% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-ADV TECHNOLOGY VEHICLES MFG | |||||
| Tesla Motors, Inc. | 2/12 | $16,899,224.00 | 9/16/19 | 2.937% | Qtr. |
| Tesla Motors, Inc. | 2/12 | $4,258,666.00 | 9/15/22 | 3.331% | Qtr. |
| Ford Motor Company | 2/25 | $86,300,000.00 | 6/15/22 | 3.255% | Qtr. |
| Ford Motor Company | 2/25 | $15,700,000.00 | 6/15/22 | 3.255% | Qtr. |
| DOE-SECTION 1705 (RECOVERY) | |||||
| Solyndra | 2/12 | $35,387,419.38 | 8/15/16 | 2.242% | Qtr. |
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 2/17 | $169,574.99 | 8/01/35 | 4.333% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| Dillard University | 2/04 | $1,235,676.19 | 6/01/10 | 0.122% | S/A |
| Southern University | 2/04 | $244,867.39 | 6/01/10 | 0.122% | S/A |
| Tougaloo College | 2/04 | $141,143.06 | 6/01/10 | 0.122% | S/A |
| Southern University | 2/12 | $700,074.37 | 6/01/10 | 0.127% | S/A |
| Bennett College | 2/18 | $350,892.92 | 10/02/17 | 3.180% | S/A |
| Bennett College | 2/18 | $337,700.82 | 4/01/10 | 0.075% | S/A |
| Dillard University | 2/26 | $1,473,040.32 | 6/01/10 | 0.135% | S/A |
| Southern University | 2/26 | $11,370.00 | 6/01/10 | 0.135% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Jump River Electric #2667 | 2/01 | $2,000,000.00 | 12/31/43 | 4.286% | Qtr. |
| Mid-Plains Rural Tel. #2533 | 2/01 | $10,987.00 | 12/31/30 | 3.910% | Qtr. |
| Washington Electric #2559 | 2/01 | $1,196,000.00 | 12/31/43 | 4.147% | Qtr. |
| Big Sandy Elec. #2641 | 2/02 | $2,000,000.00 | 6/30/11 | 0.527% | Qtr. |
| East Kentucky Power #2530 | 2/03 | $9,000,000.00 | 1/03/40 | 4.248% | Qtr. |
| Beartooth Elec. Coop. #2462 | 2/04 | $350,000.00 | 12/31/42 | 4.377% | Qtr. |
| Brazos Electric #2608 | 2/04 | $14,640,000.00 | 6/30/10 | 0.144% | Qtr. |
| Central Power Elec. #2529 | 2/04 | $7,880,000.00 | 6/30/10 | 0.144% | Qtr. |
| Missouri Rural Elec. #2389 | 2/04 | $600,000.00 | 12/31/42 | 4.231% | Qtr. |
| Southwest Rural #2658 | 2/05 | $4,628,000.00 | 12/31/43 | 4.298% | Qtr. |
| Great Lakes Energy #2470 | 2/11 | $12,000,000.00 | 12/31/42 | 4.392% | Qtr. |
| Cullman Electric Coop. #2406 | 2/12 | $6,100,000.00 | 12/31/37 | 4.305% | Qtr. |
| East Kentucky Power #2531 | 2/12 | $19,000,000.00 | 12/31/40 | 4.383% | Qtr. |
| Santee Electric Coop. #2598 | 2/12 | $5,000,000.00 | 12/31/43 | 4.445% | Qtr. |
| United Elec. Coop. #2661 | 2/12 | $17,000,000.00 | 12/31/43 | 4.446% | Qtr. |
| United Elec. Coop. #2661 | 2/12 | $16,000,000.00 | 12/31/43 | 4.446% | Qtr. |
| United Elec. Coop. #2661 | 2/12 | $18,000,000.00 | 12/31/43 | 4.446% | Qtr. |
| Kalona Cooperative #2659 | 2/17 | $593,205.00 | 1/02/29 | 3.757% | Qtr. |
| Central Iowa Power Coop #2311 | 2/18 | $8,795,000.00 | 1/03/40 | 4.226% | Qtr. |
| Bartlett Elec. #2469 | 2/19 | $247,500.00 | 12/31/42 | 4.489% | Qtr. |
| Cape Hatteras Electric #2411 | 2/19 | $709,719.43 | 12/31/37 | 4.374% | Qtr. |
| Central Electric Coop. #2633 | 2/19 | $1,142,000.00 | 6/30/10 | 0.137% | Qtr. |
| Farmer's Rural Elec. #2388 | 2/19 | $1,000,000.00 | 12/31/40 | 4.449% | Qtr. |
| Mille Lacs Electric #2460 | 2/19 | $600,000.00 | 12/31/42 | 4.488% | Qtr. |
| Sho-Me Power #2615 | 2/19 | $3,000,000.00 | 12/31/43 | 4.505% | Qtr. |
| Verendrye Elec. #2451 | 2/19 | $1,442,000.00 | 12/31/42 | 4.488% | Qtr. |
| W. Farmers Elec. Coop. #2319 | 2/19 | $6,433,000.00 | 12/31/40 | 4.448% | Qtr. |
| Lismore Cooperative Tel #2593 | 2/22 | $38,553.00 | 1/02/29 | 3.855% | Qtr. |
| Partner Communications #2678 | 2/22 | $11,167,002.00 | 12/31/20 | 3.102% | Qtr. |
| Lane-Scott Elec. Coop. #2682 | 2/23 | $3,973,000.00 | 1/03/45 | 4.516% | Qtr. |
| Ozark Border Elec Coop #2683 | 2/23 | $5,897,000.00 | 1/03/45 | 4.517% | Qtr. |
| Upson Electric #2482 | 2/23 | $600,000.00 | 12/31/42 | 4.479% | Qtr. |
| Interstate Tele #2476 | 2/24 | $1,540,246.00 | 12/31/26 | 3.609% | Qtr. |
| Mountain View Electric #2487 | 2/25 | $5,000,000.00 | 12/31/42 | 4.378% | Qtr. |
| Medina Electric #2549 | 2/26 | $1,500,000.00 | 6/30/10 | 0.155% | Qtr. |
| Minnkota Power #2415 | 2/26 | $8,949,000.00 | 12/31/40 | 4.287% | Qtr. |
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | February 28, 2010 | January 31, 2010 | 2/01/10- 2/28/10 | 10/01/09- 2/28/10 |
| Agency Debt | ||||
| U.S. Postal Service | $7,184.9 | $7,288.0 | -$103.1 | -$3,015.1 |
| National Credit Union Adm.-CLF | $10,595.7 | $13,510.8 | -$2,915.1 | -$7,788.4 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $492.4 | $492.4 | $0.0 | $0.3 |
| Subtotal* | $18,273.0 | $21,291.1 | -$3,018.2 | -$10,803.1 |
| 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 | $499.0 | $532.7 | -$33.7 | -$46.4 |
| DoEd-HBCU+ | $487.8 | $483.5 | $4.3 | $36.1 |
| DOE-Adv Technology Vehicles Mfg | $1,344.4 | $1,221.2 | $123.2 | $458.1 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $202.1 | $166.7 | $35.4 | $180.7 |
| DHUD-Public Housing Notes | $483.1 | $483.1 | $0.0 | -$103.9 |
| General Services Administration+ | $2,003.6 | $2,015.2 | -$11.6 | -$22.8 |
| Rural Utilities Service | $24,454.1 | $24,256.1 | $198.0 | $2,062.9 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $3.9 | $4.2 | -$0.3 | -$1.5 |
| 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* | $32,484.5 | $32,169.1 | $315.3 | $2,563.2 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $53,804.4 | $56,507.3 | -$2,702.9 | -$8,240.0 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |