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AUGUST 2010 NEWS RELEASE

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

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $54.2 billion on July 31, 2010, posting a decrease of $169.1 million from the level on June 30, 2010. This net change was the result of a decrease in holdings of agency debt of $458.9 million and an increase in net holdings of government-guaranteed loans of $289.8 million.  The FFB made 110 disbursements and received 7 prepayments in the month of July.  The FFB also reset the interest rate for 9 loans issued by the HOPE for Homeowners program and one loan guaranteed by the Department of Education during the month.
    
Attached to this release are tables presenting FFB July loan activity and FFB holdings as of July 31, 2010.

FEDERAL FINANCING BANK
JULY 2010 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
NATIONAL CREDIT UNION ADM - CLF
National Credit Union 7/22 $5,000,000.00 10/20/10 0.287% S/A
U.S. POSTAL SERVICE
U.S. Postal Service 7/01 $1,235,000,000.00 7/02/10 0.216% S/A
U.S. Postal Service 7/01 $308,800,000.00 7/02/10 0.287% S/A
U.S. Postal Service 7/02 $1,053,000,000.00 7/06/10 0.297% S/A
U.S. Postal Service 7/02 $264,900,000.00 7/06/10 0.287% S/A
U.S. Postal Service 7/06 $811,000,000.00 7/07/10 0.287% S/A
U.S. Postal Service 7/06 $245,300,000.00 7/07/10 0.297% S/A
U.S. Postal Service 7/07 $583,000,000.00 7/08/10 0.287% S/A
U.S. Postal Service 7/07 $91,400,000.00 7/08/10 0.297% S/A
U.S. Postal Service 7/08 $400,000,000.00 7/09/10 0.297% S/A
U.S. Postal Service 7/08 $109,200,000.00 7/09/10 0.297% S/A
U.S. Postal Service 7/09 $1,400,000,000.00 7/12/10 0.297% S/A
U.S. Postal Service 7/09 $226,900,000.00 7/12/10 0.287% S/A
U.S. Postal Service 7/12 $1,658,000,000.00 7/13/10 0.297% S/A
U.S. Postal Service 7/12 $197,000,000.00 7/13/10 0.287% S/A
U.S. Postal Service 7/13 $1,393,000,000.00 7/14/10 0.287% S/A
U.S. Postal Service 7/13 $240,300,000.00 7/14/10 0.287% S/A
U.S. Postal Service 7/14 $1,266,000,000.00 7/15/10 0.287% S/A
U.S. Postal Service 7/14 $258,900,000.00 7/15/10 0.287% S/A
U.S. Postal Service 7/15 $1,068,000,000.00 7/16/10 0.287% S/A
U.S. Postal Service 7/15 $285,700,000.00 7/16/10 0.287% S/A
U.S. Postal Service 7/16 $928,000,000.00 7/19/10 0.287% S/A
U.S. Postal Service 7/16 $309,900,000.00 7/19/10 0.267% S/A
U.S. Postal Service 7/19 $756,000,000.00 7/20/10 0.287% S/A
U.S. Postal Service 7/19 $281,800,000.00 7/20/10 0.277% S/A
U.S. Postal Service 7/20 $529,000,000.00 7/21/10 0.267% S/A
U.S. Postal Service 7/20 $252,400,000.00 7/21/10 0.287% S/A
U.S. Postal Service 7/21 $347,000,000.00 7/22/10 0.277% S/A
U.S. Postal Service 7/21 $276,400,000.00 7/22/10 0.287% S/A
U.S. Postal Service 7/22 $200,000,000.00 7/23/10 0.287% S/A
U.S. Postal Service 7/22 $241,600,000.00 7/23/10 0.277% S/A
U.S. Postal Service 7/23 $1,316,000,000.00 7/26/10 0.287% S/A
U.S. Postal Service 7/23 $282,900,000.00 7/26/10 0.277% S/A
U.S. Postal Service 7/26 $1,575,000,000.00 7/27/10 0.277% S/A
U.S. Postal Service 7/26 $260,200,000.00 7/27/10 0.277% S/A
U.S. Postal Service 7/27 $1,375,000,000.00 7/28/10 0.277% S/A
U.S. Postal Service 7/27 $256,900,000.00 7/28/10 0.287% S/A
U.S. Postal Service 7/28 $1,300,000,000.00 7/29/10 0.277% S/A
U.S. Postal Service 7/28 $198,100,000.00 7/29/10 0.277% S/A
U.S. Postal Service 7/29 $1,150,000,000.00 7/30/10 0.287% S/A
U.S. Postal Service 7/29 $190,200,000.00 7/30/10 0.277% S/A
U.S. Postal Service 7/30 $2,075,000,000.00 8/02/10 0.277% S/A
U.S. Postal Service 7/30 $303,000,000.00 8/02/10 0.267% S/A
GOVERNMENT-GUARANTEED LOANS
DOE-ADV TECHNOLOGY VEHICLES MFG
Fisker Automotive, Inc. 7/26 $16,120,000.00 4/24/17 1.741% Qtr.
Tesla Motors, Inc. 7/30 $878,150.00 9/16/19 2.129% Qtr.
Tesla Motors, Inc. 7/30 $1,268,981.00 9/15/22 2.557% Qtr.
DOE-SECTION 1705 (RECOVERY)
Solyndra 7/09 $13,517,883.93 8/15/16 1.554% Qtr.
Kahuku Wind Power 7/28 $47,613,215.58 6/28/28 3.179% Qtr.
DEPARTMENT OF EDUCATION
Bennett College 7/01 $7,169,729.23 10/01/31 3.311% S/A
Bennett College 7/01 $2,324,003.93 10/01/31 3.311% S/A
Bennett College 7/01 $6,266.84 10/01/31 3.311% S/A
*Clark Atlanta University 7/01 $10,881,385.32 1/03/11 0.225% S/A
Tuskegee Univ. 7/09 $3,043,848.31 12/03/40 3.795% S/A
Florida Memorial Univ. 7/15 $27,000.00 4/01/30 3.815% S/A
Harris Stowe State Univ. 7/15 $135,955.55 7/02/40 3.842% S/A
Southern University 7/15 $955,812.03 12/01/10 0.173% S/A
Talladega College 7/15 $86,115.78 10/02/28 3.770% S/A
Bennett College 7/22 $834,130.70 4/01/24 3.249% S/A
Bennett College 7/22 $792,394.66 10/01/10 0.162% S/A
Dillard University 7/22 $1,249,465.29 12/01/10 0.172% S/A
Southern University 7/30 $802,221.68 12/01/10 0.165% S/A
Xavier University 7/30 $3,541,160.99 12/01/10 0.165% S/A
RURAL UTILITIES SERVICE
Rita Blanca Elec Coop. #2685 7/01 $1,135,365.00 12/31/43 3.664% Qtr.
Rusk County Electric #2653 7/01 $1,225,000.00 12/31/43 3.663% Qtr.
Tri-State #2298 7/01 $9,503,000.00 12/31/37 3.523% Qtr.
Valley Telecom #2592 7/01 $650,000.00 12/31/12 0.790% Qtr.
Ark Valley Elec Coop #2621 7/02 $744,000.00 12/31/43 3.637% Qtr.
Southwestern Elec. Coop #2465 7/02 $3,090,000.00 12/31/42 3.617% Qtr.
Hancock Rural Tel. Corp #2252 7/06 $900,000.00 1/03/23 2.603% Qtr.
Marshall Cty Rural Elec #2582 7/06 $2,567,000.00 12/31/43 3.695% Qtr.
Minnkota Power #2415 7/06 $39,126,000.00 12/31/40 3.633% Qtr.
Runestone Electric Ass. #2439 7/06 $2,500,000.00 1/03/11 0.225% Qtr.
San Miguel Electric #2723 7/06 $1,234,014.17 12/31/36 3.528% Qtr.
Mid-Plains Rural Tel. #2533 7/09 $12,799.00 12/31/30 3.309% Qtr.
Partner Communications #2679 7/09 $135,493.00 1/03/28 3.114% Qtr.
Steele-Waseca Coop. #2735 7/09 $3,515,000.00 1/03/45 3.759% Qtr.
Venture Communications #2503 7/09 $2,999,603.00 1/03/28 3.114% Qtr.
Franklin Rural Electric #2715 7/12 $550,000.00 12/31/30 3.362% Qtr.
Northern Plains Electric #2751 7/12 $2,700,000.00 1/03/45 3.801% Qtr.
Ragland Telephone #2316 7/12 $206,437.00 1/02/29 3.246% Qtr.
Victoria Electric #2566 7/12 $1,680,000.00 12/31/43 3.778% Qtr.
Fox Islands Elec. Coop. #2702 7/13 $44,000.00 1/03/45 3.810% Qtr.
West River Elec. #2731 7/13 $5,200,000.00 1/03/45 3.806% Qtr.
Southeastern Elec Durant #2674 7/15 $3,941,000.00 9/30/15 1.870% Qtr.
Central Virginia Elec. #2657 7/16 $2,000,000.00 12/31/43 3.703% Qtr.
East River Power #2350 7/16 $9,571,000.00 1/03/11 0.198% Qtr.
RABUN #2764 7/16 $6,489,346.98 12/31/29 3.202% Qtr.
Farmers Telecom. #2639 7/19 $1,587,221.00 1/03/33 3.338% Qtr.
Wilkes Tele. & Elec. #851 7/19 $150,000.00 12/31/18 1.907% Qtr.
Kalona Cooperative #2659 7/20 $65,637.12 1/02/29 3.055% Qtr.
Minnkota Power #2415 7/20 $9,981,000.00 12/31/40 3.647% Qtr.
Spring Grove Comm. #2550 7/20 $809,996.00 1/03/11 0.197% Qtr.
Square Butte Electric #2326 7/20 $5,544,000.00 12/31/26 2.977% Qtr.
Triangle Telephone Coop #2594 7/20 $1,781,285.00 12/31/30 3.262% Qtr.
Brantley Telephone Co. #2301 7/21 $467,016.00 12/31/24 2.779% Qtr.
Callaway Electric Coop. #2750 7/21 $4,725,000.00 1/03/45 3.732% Qtr.
Grayson Rural Elec. #2741 7/22 $3,000,000.00 1/03/11 0.186% Qtr.
Great Lakes Energy #2470 7/22 $5,000,000.00 12/31/42 3.590% Qtr.
Hamilton County Elec. #2596 7/23 $1,900,000.00 12/31/43 3.678% Qtr.
South Alabama Electric #2523 7/23 $5,500,000.00 12/31/42 3.657% Qtr.
Square Butte Electric #2627 7/27 $27,582,000.00 12/31/26 3.015% Qtr.
Consolidated Telcom #2571 7/28 $3,832,975.00 1/02/29 3.226% Qtr.
Midstate Communications #2477 7/28 $1,324,176.00 1/03/28 3.149% Qtr.
Grundy County Elec. #2754 7/29 $400,000.00 12/31/29 3.269% Qtr.
Grundy County Elec. #2754 7/29 $332,000.00 1/02/18 2.394% Qtr.
Menard Elec. #2605 7/29 $500,000.00 12/31/42 3.768% Qtr.
Associated Electric #2698 7/30 $17,753,500.00 1/03/45 3.811% Qtr.
Partner Communications #2679 7/30 $109,714.00 1/03/28 3.094% Qtr.
Valley Telecom #2592 7/30 $1,134,182.00 12/31/12 0.711% Qtr.
West Carolina Tele. #2648 7/30 $6,006,072.00 1/03/11 0.188% Qtr.
AGENCY DEBT
HOPE FOR HOMEOWNERS
*HOPE Bonds 7/15 $29,535,000.00 10/15/10 0.153% Qtr.
*HOPE Bonds 7/15 $62,028.36 10/15/10 0.153% Qtr.
*HOPE Bonds 7/15 $1,084,546.89 10/15/10 0.153% Qtr.
*HOPE Bonds 7/15 $145,483.86 10/15/10 0.153% Qtr.
*HOPE Bonds 7/15 $209,680.01 10/15/10 0.153% Qtr.
*HOPE Bonds 7/15 $461,000,000.00 10/15/10 0.153% Qtr.
*HOPE Bonds 7/15 $226,957.01 10/15/10 0.153% Qtr.
*HOPE Bonds 7/15 $89,335.75 10/15/10 0.153% Qtr.
*HOPE Bonds 7/15 $61,915.09 10/15/10 0.153% Qtr.
HOPE Bonds 7/15 $198,881.68 10/15/10 0.153% 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 July 31, 2010 June 30, 2010 7/01/10- 7/31/10 10/01/09- 7/31/10
Agency Debt
U.S. Postal Service $6,878.0 $7,342.1 -$464.1 -$3,322.0
National Credit Union Adm.-CLF $10,100.7 $10,095.7 $5.0 -$8,283.4
Federal Deposit Insurance Corp. $0.0 $0.0 $0.0 $0.0
HOPE for Homeowners Bonds      $492.6      $492.4        $0.2        $0.6
Subtotal* $17,471.3 $17,930.2 -$458.9 -$11,604.8
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 $468.6 $468.6 $0.0 -$76.8
DoEd-HBCU+ $579.8 $566.2 $13.5 $128.1
DOE-Adv Technology Vehicles Mfg $1,949.4 $1,931.2 $18.3 $1,063.1
DOE-Section 1703 (Non-Recovery) $0.0 $0.0 $0.0 $0.0
DOE-Section 1705 (Recovery) $422.7 $361.6 $61.1 $401.3
DHUD-Public Housing Notes $0.0 $0.0 $0.0 -$587.0
General Services Administration+ $1,981.7 $1,985.8 -$4.0 -$44.7
Rural Utilities Service $25,594.4 $25,393.2 $201.2 $3,203.2
Rural Utilities Service-GETP $3,000.0 $3,000.0 $0.0 $0.0
SBA-State/Local Development Cos. $2.6 $2.9 -$0.3 -$2.8
DOT-Section 511 $1.6 $1.6 $0.0 -$0.2
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* $34,005.6 $33,715.8 $289.8 $4,084.3
========= ========= ========= =========
Grand total* $54,194.8 $54,363.9 -$169.1 -$7,849.6
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest