MAY 2010 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of May 2010. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $53.6 billion on May 31, 2010, posting an increase of $260.0 million from the level on April 30, 2010. This net change was the result of a decrease in holdings of agency debt of $21.4 million and an increase in net holdings of government-guaranteed loans of $281.4 million. The FFB made 87 disbursements and received two prepayments in the month of May. 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 May loan activity and FFB holdings as of May 31, 2010. |
FEDERAL FINANCING BANK
MAY 2010 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 5/03 | $1,440,000,000.00 | 5/04/10 | 0.277% | S/A |
| U.S. Postal Service | 5/03 | $408,500,000.00 | 5/04/10 | 0.267% | S/A |
| U.S. Postal Service | 5/04 | $1,170,000,000.00 | 5/05/10 | 0.267% | S/A |
| U.S. Postal Service | 5/04 | $363,800,000.00 | 5/05/10 | 0.277% | S/A |
| U.S. Postal Service | 5/05 | $1,000,000,000.00 | 5/06/10 | 0.267% | S/A |
| U.S. Postal Service | 5/05 | $325,300,000.00 | 5/06/10 | 0.267% | S/A |
| U.S. Postal Service | 5/06 | $860,000,000.00 | 5/07/10 | 0.277% | S/A |
| U.S. Postal Service | 5/06 | $242,300,000.00 | 5/07/10 | 0.186% | S/A |
| U.S. Postal Service | 5/07 | $650,000,000.00 | 5/10/10 | 0.267% | S/A |
| U.S. Postal Service | 5/07 | $238,000,000.00 | 5/10/10 | 0.206% | S/A |
| U.S. Postal Service | 5/10 | $387,000,000.00 | 5/11/10 | 0.186% | S/A |
| U.S. Postal Service | 5/10 | $323,300,000.00 | 5/11/10 | 0.257% | S/A |
| U.S. Postal Service | 5/11 | $100,000,000.00 | 5/12/10 | 0.206% | S/A |
| U.S. Postal Service | 5/11 | $391,400,000.00 | 5/12/10 | 0.277% | S/A |
| U.S. Postal Service | 5/12 | $328,000,000.00 | 5/13/10 | 0.287% | S/A |
| U.S. Postal Service | 5/13 | $169,100,000.00 | 5/14/10 | 0.277% | S/A |
| U.S. Postal Service | 5/14 | $1,056,000,000.00 | 5/17/10 | 0.287% | S/A |
| U.S. Postal Service | 5/14 | $269,600,000.00 | 5/17/10 | 0.277% | S/A |
| U.S. Postal Service | 5/17 | $1,388,000,000.00 | 5/18/10 | 0.277% | S/A |
| U.S. Postal Service | 5/17 | $214,400,000.00 | 5/18/10 | 0.287% | S/A |
| U.S. Postal Service | 5/18 | $1,130,000,000.00 | 5/19/10 | 0.277% | S/A |
| U.S. Postal Service | 5/18 | $237,100,000.00 | 5/19/10 | 0.297% | S/A |
| U.S. Postal Service | 5/19 | $974,000,000.00 | 5/20/10 | 0.287% | S/A |
| U.S. Postal Service | 5/19 | $263,800,000.00 | 5/20/10 | 0.297% | S/A |
| U.S. Postal Service | 5/20 | $815,000,000.00 | 5/21/10 | 0.297% | S/A |
| U.S. Postal Service | 5/20 | $258,100,000.00 | 5/21/10 | 0.297% | S/A |
| U.S. Postal Service | 5/21 | $631,000,000.00 | 5/24/10 | 0.297% | S/A |
| U.S. Postal Service | 5/21 | $300,000,000.00 | 5/24/10 | 0.297% | S/A |
| U.S. Postal Service | 5/24 | $430,000,000.00 | 5/25/10 | 0.297% | S/A |
| U.S. Postal Service | 5/24 | $261,400,000.00 | 5/25/10 | 0.287% | S/A |
| U.S. Postal Service | 5/25 | $126,000,000.00 | 5/26/10 | 0.297% | S/A |
| U.S. Postal Service | 5/25 | $330,900,000.00 | 5/26/10 | 0.287% | S/A |
| U.S. Postal Service | 5/26 | $308,200,000.00 | 5/27/10 | 0.287% | S/A |
| U.S. Postal Service | 5/27 | $139,700,000.00 | 5/28/10 | 0.287% | S/A |
| U.S. Postal Service | 5/28 | $2,233,000,000.00 | 6/01/10 | 0.287% | S/A |
| U.S. Postal Service | 5/28 | $465,900,000.00 | 6/01/10 | 0.277% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-ADV TECHNOLOGY VEHICLES MFG | |||||
| Fisker Automotive, Inc. | 5/12 | $60,029,000.00 | 4/24/17 | 2.314% | Qtr. |
| Tesla Motors, Inc. | 5/20 | $1,341,151.00 | 9/16/19 | 2.568% | Qtr. |
| Tesla Motors, Inc. | 5/20 | $2,148,397.00 | 9/15/22 | 2.950% | Qtr. |
| DOE-SECTION 1705 (RECOVERY) | |||||
| Solyndra | 5/10 | $50,761,641.90 | 8/15/16 | 1.957% | Qtr. |
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 5/20 | $140,675.70 | 8/01/35 | 3.940% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Tuskegee Univ. | 5/03 | $2,000,000.00 | 11/01/10 | 0.247% | S/A |
| Talladega College | 5/12 | $118,223.71 | 10/02/28 | 4.174% | S/A |
| Tougaloo College | 5/12 | $584,660.61 | 6/01/10 | 0.152% | S/A |
| Bennett College | 5/14 | $1,070,819.68 | 4/01/21 | 3.559% | S/A |
| Bennett College | 5/14 | $512,161.16 | 10/01/10 | 0.192% | S/A |
| Harris Stowe State Univ. | 5/14 | $140,973.54 | 7/02/40 | 4.296% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Fox Islands Elec. Coop. #2702 | 5/04 | $233,000.00 | 1/03/45 | 4.321% | Qtr. |
| Moundville Telephone #2159 | 5/04 | $223,000.00 | 9/30/10 | 0.222% | Qtr. |
| Bartlett Elec. #2469 | 5/06 | $550,000.00 | 12/31/42 | 4.145% | Qtr. |
| Tideland Electric #2573 | 5/06 | $2,500,000.00 | 9/30/13 | 1.602% | Qtr. |
| Triangle Telephone Coop #2594 | 5/06 | $1,119,919.00 | 12/31/30 | 3.789% | Qtr. |
| Blossom Telephone Co #2660 | 5/10 | $397,809.00 | 12/31/13 | 1.089% | Qtr. |
| Dakota Valley Electric #2703 | 5/11 | $4,500,000.00 | 1/03/45 | 4.186% | Qtr. |
| Rural Elec. Conven. #2602 | 5/11 | $1,000,000.00 | 9/30/10 | 0.192% | Qtr. |
| KanOkla Telephone #2697 | 5/12 | $4,162,624.00 | 12/31/25 | 3.454% | Qtr. |
| Talquin Electric Coop. #2728 | 5/12 | $38,979,741.06 | 1/03/45 | 4.196% | Qtr. |
| Tri-County EMC GA #2733 | 5/12 | $8,800,000.00 | 1/03/45 | 4.196% | Qtr. |
| Columbus Electric #2539 | 5/13 | $400,000.00 | 6/30/11 | 0.457% | Qtr. |
| Three River Elec. Coop #2601 | 5/13 | $2,000,000.00 | 12/31/43 | 4.225% | Qtr. |
| Tipmont Rural Electric #2713 | 5/13 | $800,000.00 | 12/31/43 | 4.228% | Qtr. |
| Harrison County Rural #2726 | 5/14 | $1,500,000.00 | 9/30/10 | 0.191% | Qtr. |
| Wiregrass Electric Coop. #2496 | 5/17 | $7,500,000.00 | 12/31/37 | 3.931% | Qtr. |
| Fox Islands Elec. Coop. #2702 | 5/18 | $432,000.00 | 1/03/45 | 4.126% | Qtr. |
| Peoples Cooperative Svcs #2694 | 5/18 | $5,000,000.00 | 12/31/43 | 4.108% | Qtr. |
| Sothwest Louisiana Elec #2629 | 5/18 | $10,000,000.00 | 12/31/43 | 4.107% | Qtr. |
| Todd-Wadena Electric #2440 | 5/18 | $1,000,000.00 | 12/31/42 | 4.086% | Qtr. |
| Chibardun Tel. Coop. #2073 | 5/19 | $268,225.00 | 1/02/24 | 3.001% | Qtr. |
| Farmers Telecom. #2639 | 5/19 | $2,663,300.00 | 1/03/33 | 3.712% | Qtr. |
| Carroll Elec. #2505 | 5/20 | $1,500,000.00 | 12/31/42 | 3.981% | Qtr. |
| Delaware County Elec. #2483 | 5/20 | $600,000.00 | 12/31/42 | 3.981% | Qtr. |
| Valley Rural Elec. Coop. #2722 | 5/20 | $4,400,000.00 | 1/03/45 | 4.020% | Qtr. |
| Central Florida Elec. #2748 | 5/21 | $11,700,000.00 | 1/03/45 | 3.914% | Qtr. |
| Intercounty Electric #2509 | 5/21 | $8,000,000.00 | 12/31/42 | 3.875% | Qtr. |
| Albemarle Electric Corp #2572 | 5/24 | $2,344,508.16 | 1/03/39 | 3.742% | Qtr. |
| Deep East Texas Elec. #2506 | 5/24 | $1,800,000.00 | 12/31/42 | 3.825% | Qtr. |
| Escambia River Elec. #2739 | 5/24 | $4,344,000.00 | 1/03/45 | 3.860% | Qtr. |
| Salt River Electric #2734 | 5/24 | $2,500,000.00 | 9/30/10 | 0.195% | Qtr. |
| Eagle Telephone System #2027 | 5/25 | $197,039.00 | 1/03/11 | 0.256% | Qtr. |
| Jefferson Energy #2413 | 5/26 | $6,000,000.00 | 12/31/42 | 3.820% | Qtr. |
| Craighead Electric Coop #2743 | 5/27 | $6,000,000.00 | 1/03/45 | 3.890% | Qtr. |
| Medina Electric #2549 | 5/27 | $2,100,000.00 | 9/30/10 | 0.195% | Qtr. |
| Northeast Oklahoma Elec. #2730 | 5/27 | $7,600,000.00 | 12/31/43 | 3.874% | Qtr. |
| Pineland Telephone #2665 | 5/27 | $2,429,836.00 | 1/03/28 | 3.295% | Qtr. |
| Goodhue County #2557 | 5/28 | $500,000.00 | 12/31/43 | 4.010% | Qtr. |
| Great Lakes Energy #2470 | 5/28 | $5,000,000.00 | 12/31/42 | 3.991% | Qtr. |
| Rita Blanca Elec Coop. #2685 | 5/28 | $435,048.00 | 12/31/43 | 4.012% | Qtr. |
| West Carolina Tele. #2648 | 5/28 | $5,967,051.00 | 9/30/10 | 0.195% | Qtr. |
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | May 31, 2010 | April 30, 2010 | 5/01/10- 5/31/10 | 10/01/09- 5/31/10 |
| Agency Debt | ||||
| U.S. Postal Service | $7,198.9 | $7,220.3 | -$21.4 | -$3,001.1 |
| 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 | $0.0 | $0.4 |
| Subtotal* | $17,787.0 | $17,808.4 | -$21.4 | -$11,289.1 |
| 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 | $476.3 | $476.8 | -$0.5 | -$69.1 |
| DoEd-HBCU+ | $558.9 | $556.7 | $2.2 | $107.2 |
| DOE-Adv Technology Vehicles Mfg | $1,737.4 | $1,673.9 | $63.5 | $851.1 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $336.9 | $286.2 | $50.8 | $315.5 |
| DHUD-Public Housing Notes | $0.0 | $0.0 | $0.0 | -$587.0 |
| General Services Administration+ | $1,988.6 | $1,988.5 | $0.1 | -$37.8 |
| Rural Utilities Service | $25,036.4 | $24,870.8 | $165.6 | $2,645.2 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $3.1 | $3.4 | -$0.3 | -$2.3 |
| 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* | $33,144.1 | $32,862.7 | $281.4 | $3,222.8 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $53,649.0 | $53,389.0 | $260.0 | -$8,395.4 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |