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MAY 2010 NEWS RELEASE

Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of April 2010.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $53.4 billion on April 30, 2010, posting an increase of $1,179.0 million from the level on March 31, 2010. This net change was the result of increases in holdings of agency debt of $690.9 million and in net holdings of government-guaranteed loans of $488.1 million.  The FFB made 106 disbursements and received two prepayments in the month of April.  The FFB also reset the interest rate for 8 loans issued by the HOPE for Homeowners program and 6 loans guaranteed by the Department of Education during the month.
    
Attached to this release are tables presenting FFB April loan activity and FFB holdings as of April 30, 2010.

FEDERAL FINANCING BANK
APRIL 2010 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 4/01 $400,000,000.00 4/02/10 0.257% S/A
U.S. Postal Service 4/01 $328,500,000.00 4/02/10 0.287% S/A
U.S. Postal Service 4/02 $1,500,000,000.00 4/05/10 0.277% S/A
U.S. Postal Service 4/02 $305,200,000.00 4/05/10 0.277% S/A
U.S. Postal Service 4/05 $1,700,000,000.00 4/06/10 0.287% S/A
U.S. Postal Service 4/05 $285,500,000.00 4/06/10 0.287% S/A
U.S. Postal Service 4/06 $1,300,000,000.00 4/07/10 0.277% S/A
U.S. Postal Service 4/06 $342,800,000.00 4/07/10 0.297% S/A
U.S. Postal Service 4/07 $1,200,000,000.00 4/08/10 0.287% S/A
U.S. Postal Service 4/07 $279,600,000.00 4/08/10 0.287% S/A
U.S. Postal Service 4/08 $1,025,000,000.00 4/09/10 0.297% S/A
U.S. Postal Service 4/08 $269,800,000.00 4/09/10 0.287% S/A
U.S. Postal Service 4/09 $850,000,000.00 4/12/10 0.287% S/A
U.S. Postal Service 4/09 $275,500,000.00 4/12/10 0.287% S/A
U.S. Postal Service 4/12 $700,000,000.00 4/13/10 0.287% S/A
U.S. Postal Service 4/12 $239,500,000.00 4/13/10 0.277% S/A
U.S. Postal Service 4/13 $400,000,000.00 4/14/10 0.287% S/A
U.S. Postal Service 4/13 $264,100,000.00 4/14/10 0.277% S/A
U.S. Postal Service 4/14 $200,000,000.00 4/15/10 0.277% S/A
U.S. Postal Service 4/14 $291,800,000.00 4/15/10 0.277% S/A
U.S. Postal Service 4/15 $304,100,000.00 4/16/10 0.287% S/A
U.S. Postal Service 4/16 $1,140,000,000.00 4/19/10 0.277% S/A
U.S. Postal Service 4/16 $317,200,000.00 4/19/10 0.277% S/A
U.S. Postal Service 4/19 $1,400,000,000.00 4/20/10 0.287% S/A
U.S. Postal Service 4/19 $276,100,000.00 4/20/10 0.277% S/A
U.S. Postal Service 4/20 $1,189,000,000.00 4/21/10 0.277% S/A
U.S. Postal Service 4/20 $248,000,000.00 4/21/10 0.267% S/A
U.S. Postal Service 4/21 $1,050,000,000.00 4/22/10 0.277% S/A
U.S. Postal Service 4/21 $231,200,000.00 4/22/10 0.267% S/A
U.S. Postal Service 4/22 $857,000,000.00 4/23/10 0.267% S/A
U.S. Postal Service 4/22 $259,500,000.00 4/23/10 0.277% S/A
U.S. Postal Service 4/23 $648,000,000.00 4/26/10 0.267% S/A
U.S. Postal Service 4/23 $308,100,000.00 4/26/10 0.267% S/A
U.S. Postal Service 4/26 $475,000,000.00 4/27/10 0.277% S/A
U.S. Postal Service 4/26 $279,400,000.00 4/27/10 0.267% S/A
U.S. Postal Service 4/27 $236,000,000.00 4/28/10 0.267% S/A
U.S. Postal Service 4/27 $274,200,000.00 4/28/10 0.267% S/A
U.S. Postal Service 4/28 $334,000,000.00 4/29/10 0.267% S/A
U.S. Postal Service 4/29 $156,400,000.00 4/30/10 0.277% S/A
U.S. Postal Service 4/30 $2,320,000,000.00 5/03/10 0.267% S/A
U.S. Postal Service 4/30 $400,300,000.00 5/03/10 0.267% S/A
GOVERNMENT-GUARANTEED LOANS
DOE-ADV TECHNOLOGY VEHICLES MFG
Ford Motor Company 4/28 $134,800,000.00 6/15/22 3.241% Qtr.
Ford Motor Company 4/28 $25,500,000.00 6/15/22 3.241% Qtr.
Tesla Motors, Inc. 4/29 $5,061,657.00 9/16/19 2.986% Qtr.
Tesla Motors, Inc. 4/29 $3,346,387.00 9/15/22 3.367% Qtr.
DOE-SECTION 1705 (RECOVERY)
Solyndra 4/01 $22,391,262.26 8/15/16 2.343% Qtr.
Solyndra 4/09 $35,464,885.61 8/15/16 2.420% Qtr.
DEPARTMENT OF EDUCATION
*Bennett College 4/01 $292,003.69 10/01/10 0.245% S/A
*Bennett College 4/01 $162,845.04 10/01/10 0.245% S/A
*Bennett College 4/01 $398,209.65 10/01/10 0.245% S/A
*Bennett College 4/01 $68,188.73 10/01/10 0.245% S/A
*Bennett College 4/01 $111,914.52 10/01/10 0.245% S/A
*Bennett College 4/01 $337,700.82 10/01/10 0.245% S/A
Southern University 4/02 $705,844.68 6/01/10 0.162% S/A
Tuskegee Univ. 4/02 $4,087,269.02 5/01/35 4.645% S/A
Dillard University 4/12 $1,308,521.22 6/01/10 0.162% S/A
Tougaloo College 4/12 $307,198.99 6/01/10 0.162% S/A
Bennett College 4/13 $483,882.09 4/02/18 3.458% S/A
Bennett College 4/13 $500,845.60 10/01/10 0.230% S/A
Harris Stowe State Univ. 4/19 $630,420.57 7/02/40 4.544% S/A
Bennett College 4/27 $694,111.88 10/01/19 3.642% S/A
Bennett College 4/27 $509,385.50 10/01/10 0.225% S/A
Dillard University 4/27 $1,214,880.00 6/01/10 0.141% S/A
RURAL UTILITIES SERVICE
Pioneer Electric Coop. #2671 4/01 $1,783,102.63 1/03/45 4.498% Qtr.
Southwest Electric Coop. #2552 4/01 $5,400,000.00 12/31/43 4.479% Qtr.
Brantley Telephone Co. #2301 4/05 $470,000.00 12/31/24 3.753% Qtr.
Canoochee Elec. #2514 4/05 $700,000.00 12/31/42 4.558% Qtr.
Clearwater Power Co. #2668 4/05 $3,000,000.00 12/31/43 4.580% Qtr.
Mille Lacs Electric #2460 4/05 $400,000.00 12/31/42 4.557% Qtr.
TRANSCO #2323 4/05 $1,983,000.00 12/31/35 4.384% Qtr.
Bon Homme Yankton Elec. #2687 4/06 $700,000.00 6/30/20 3.942% Qtr.
Great Lakes Energy #2470 4/06 $5,000,000.00 12/31/42 4.600% Qtr.
Monroe County Elec. #2676 4/06 $1,948,000.00 1/03/11 0.367% Qtr.
North Central Elec. #2692 4/06 $3,000,000.00 9/30/10 0.267% Qtr.
Scott County Telephone #2175 4/06 $18,178.00 12/31/20 3.316% Qtr.
Wilkes Tel. Memb. Corp. #2333 4/06 $5,047,062.00 12/31/25 3.792% Qtr.
Habersham Electric Mem. #2390 4/07 $9,200,000.00 12/31/42 4.588% Qtr.
Cass County Electric #2518 4/08 $2,500,000.00 9/30/20 3.846% Qtr.
Cass County Electric #2518 4/08 $3,000,000.00 12/31/43 4.509% Qtr.
Codington-Clark Elec. #2392 4/08 $537,000.00 12/31/42 4.491% Qtr.
Charles Mix Elec. #2432 4/08 $249,000.00 12/31/42 4.491% Qtr.
Chariton Valley #2361 4/08 $1,070,000.00 12/31/42 4.491% Qtr.
Farmers' Elec Coop. Inc #2386 4/09 $1,400,000.00 12/31/42 4.506% Qtr.
Brazos Electric #2608 4/13 $4,471,000.00 9/30/10 0.229% Qtr.
Brazos Electric #2608 4/13 $22,094,000.00 9/30/10 0.229% Qtr.
Raft River REC #2719 4/13 $6,998,000.00 9/30/11 0.738% Qtr.
Verendrye Elec. #2451 4/13 $1,034,000.00 12/31/42 4.450% Qtr.
West Central Electric #2441 4/13 $900,000.00 12/31/42 4.450% Qtr.
Georgia Trans. Corp. #2626 4/15 $13,438,000.00 1/03/39 4.390% Qtr.
Alabama Electric #2338 4/16 $102,010,000.00 12/31/35 4.289% Qtr.
Central Elec. Power #2194 4/16 $3,304,000.00 12/31/35 4.150% Qtr.
Sho-Me Power #2615 4/16 $3,000,000.00 12/31/43 4.481% Qtr.
Bailey County Elec. #2433 4/19 $2,000,000.00 12/31/42 4.411% Qtr.
Chesnee Telephone Co. #2018 4/20 $167,155.00 12/31/30 4.064% Qtr.
FEM Electric #2519 4/20 $831,000.00 12/31/42 4.446% Qtr.
Nolin Rural Elec. #2553 4/22 $7,000,000.00 9/30/11 0.695% Qtr.
Wilkes Tele. & Elec. #851 4/22 $1,035,000.00 12/31/18 2.729% Qtr.
N. Carolina Elec. #2359 4/23 $1,667,000.00 1/03/39 4.307% Qtr.
Victory Electric #2551 4/23 $2,000,000.00 12/31/37 4.282% Qtr.
Holmes-Wayne Elec. #2489 4/26 $2,100,000.00 12/31/42 4.419% Qtr.
Ozark Border Elec Coop #2683 4/26 $818,000.00 1/03/45 4.456% Qtr.
Southern Iowa Electric #2395 4/26 $400,000.00 12/31/42 4.419% Qtr.
Albemarle Electric Corp #2572 4/27 $2,501,000.00 1/03/39 4.334% Qtr.
Blue Ridge Elec. #2522 4/27 $12,000,000.00 12/31/42 4.416% Qtr.
Cape Hatteras Electric #2411 4/27 $401,896.56 12/31/37 4.302% Qtr.
S. Central Arkansas #2536 4/28 $1,800,000.00 12/31/43 4.328% Qtr.
Clay County Electric #2717 4/29 $10,859,000.00 1/03/45 4.420% Qtr.
Rita Blanca Elec Coop. #2685 4/29 $1,918,274.00 12/31/43 4.403% Qtr.
N.E. Missouri Elec. #2352 4/30 $5,000,000.00 12/31/35 4.164% Qtr.
N.E. Missouri Elec. #2420 4/30 $3,000,000.00 12/31/40 4.300% Qtr.
Southeast Colorado Pwr #2732 4/30 $7,566,922.12 1/03/45 4.246% Qtr.
AGENCY DEBT
HOPE FOR HOMEOWNERS
*HOPE Bonds 4/15 $29,535,000.00 7/15/10 0.162% Qtr.
*HOPE Bonds 4/15 $62,028.36 7/15/10 0.162% Qtr.
*HOPE Bonds 4/15 $1,084,546.89 7/15/10 0.162% Qtr.
*HOPE Bonds 4/15 $145,483.86 7/15/10 0.162% Qtr.
*HOPE Bonds 4/15 $209,680.01 7/15/10 0.162% Qtr.
*HOPE Bonds 4/15 $461,000,000.00 7/15/10 0.162% Qtr.
*HOPE Bonds 4/15 $226,957.01 7/15/10 0.162% Qtr.
*HOPE Bonds 4/15 $89,335.75 7/15/10 0.162% Qtr.
HOPE Bonds 4/15 $61,915.09 7/15/10 0.162% 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 April 30, 2010 March 31, 2010 4/01/10- 4/30/10 10/01/09- 4/30/10
Agency Debt
U.S. Postal Service $7,220.3 $6,529.5 $690.8 -$2,979.7
National Credit Union Adm.-CLF $10,095.7 $10,095.7 $0.0 -$8,288.4
Federal Deposit Insurance Corp. $0.0 $0.0 $0.0 $0.0
HOPE for Homeowners Bonds      $492.4      $492.4        $0.1        $0.4
Subtotal* $17,808.4 $17,117.6 $690.9 -$11,267.7
Agency Assets
Rural Utilities Service-CBO    $2,717.9    $2,717.9        $0.0     -$329.1
Subtotal* $2,717.9 $2,717.9 $0.0 -$329.1
Government-Guaranteed Lending
DOD-Foreign Military Sales $476.8 $481.3 -$4.5 -$68.6
DoEd-HBCU+ $556.7 $546.2 $10.4 $105.0
DOE-Adv Technology Vehicles Mfg $1,673.9 $1,505.2 $168.7 $787.6
DOE-Section 1703 (Non-Recovery) $0.0 $0.0 $0.0 $0.0
DOE-Section 1705 (Recovery) $286.2 $228.3 $57.9 $264.8
DHUD-Public Housing Notes $0.0 $0.0 $0.0 -$587.0
General Services Administration+ $1,988.5 $2,000.2 -$11.7 -$37.9
Rural Utilities Service $24,870.8 $24,603.1 $267.7 $2,479.7
Rural Utilities Service-GETP $3,000.0 $3,000.0 $0.0 $0.0
SBA-State/Local Development Cos. $3.4 $3.7 -$0.4 -$2.0
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* $32,862.7 $32,374.6 $488.1 $2,941.4
========= ========= ========= =========
Grand total* $53,389.0 $52,210.0 $1,179.0 -$8,655.4
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest