NOVEMBER 2010 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of October 2010. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $52.1 billion on October 31, 2010, posting a decrease of $7,715.4 million from the level on September 30, 2010. This net change was the result of a decrease in holdings of agency debt of $8,406.8 million and an increase in net holdings of government-guaranteed loans of $691.4 million. The FFB made 118 disbursements and received 16 prepayments in the month of October. The FFB also reset the interest rate for 10 loans issued by the HOPE for Homeowners program, 3 loans issued by the U.S. Postal Service, and 12 loans guaranteed by the Department of Education during the month. |
OCTOBER 2010 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 10/01 | $2,826,000,000.00 | 10/04/10 | 0.247% | S/A |
| U.S. Postal Service | 10/01 | $338,900,000.00 | 10/04/10 | 0.277% | S/A |
| U.S. Postal Service | 10/04 | $3,000,000,000.00 | 10/05/10 | 0.267% | S/A |
| U.S. Postal Service | 10/04 | $366,400,000.00 | 10/05/10 | 0.277% | S/A |
| U.S. Postal Service | 10/05 | $2,700,000,000.00 | 10/06/10 | 0.277% | S/A |
| U.S. Postal Service | 10/05 | $282,400,000.00 | 10/06/10 | 0.267% | S/A |
| U.S. Postal Service | 10/06 | $2,500,000,000.00 | 10/07/10 | 0.277% | S/A |
| U.S. Postal Service | 10/06 | $265,500,000.00 | 10/07/10 | 0.267% | S/A |
| U.S. Postal Service | 10/07 | $2,294,000,000.00 | 10/08/10 | 0.267% | S/A |
| U.S. Postal Service | 10/07 | $272,200,000.00 | 10/08/10 | 0.277% | S/A |
| U.S. Postal Service | 10/08 | $2,089,000,000.00 | 10/12/10 | 0.267% | S/A |
| U.S. Postal Service | 10/08 | $272,400,000.00 | 10/12/10 | 0.267% | S/A |
| U.S. Postal Service | 10/12 | $1,846,000,000.00 | 10/13/10 | 0.277% | S/A |
| U.S. Postal Service | 10/12 | $264,700,000.00 | 10/13/10 | 0.267% | S/A |
| U.S. Postal Service | 10/13 | $1,483,000,000.00 | 10/14/10 | 0.267% | S/A |
| U.S. Postal Service | 10/13 | $307,900,000.00 | 10/14/10 | 0.267% | S/A |
| U.S. Postal Service | 10/14 | $1,324,000,000.00 | 10/15/10 | 0.267% | S/A |
| U.S. Postal Service | 10/14 | $340,300,000.00 | 10/15/10 | 0.277% | S/A |
| *U.S. Postal Service | 10/15 | $500,000,000.00 | 1/18/11 | 0.258% | S/A |
| *U.S. Postal Service | 10/15 | $1,000,000,000.00 | 1/18/11 | 0.258% | S/A |
| *U.S. Postal Service | 10/15 | $700,000,000.00 | 1/18/11 | 0.258% | S/A |
| U.S. Postal Service | 10/15 | $500,000,000.00 | 1/13/11 | 0.257% | S/A |
| U.S. Postal Service | 10/15 | $3,076,000,000.00 | 10/18/10 | 0.267% | S/A |
| U.S. Postal Service | 10/15 | $398,800,000.00 | 10/18/10 | 0.267% | S/A |
| U.S. Postal Service | 10/18 | $3,281,000,000.00 | 10/19/10 | 0.277% | S/A |
| U.S. Postal Service | 10/18 | $361,000,000.00 | 10/19/10 | 0.267% | S/A |
| U.S. Postal Service | 10/19 | $3,150,000,000.00 | 10/20/10 | 0.267% | S/A |
| U.S. Postal Service | 10/19 | $218,900,000.00 | 10/20/10 | 0.267% | S/A |
| U.S. Postal Service | 10/20 | $3,069,000,000.00 | 10/21/10 | 0.267% | S/A |
| U.S. Postal Service | 10/20 | $204,300,000.00 | 10/21/10 | 0.267% | S/A |
| U.S. Postal Service | 10/21 | $2,754,000,000.00 | 10/22/10 | 0.267% | S/A |
| U.S. Postal Service | 10/21 | $313,200,000.00 | 10/22/10 | 0.257% | S/A |
| U.S. Postal Service | 10/22 | $2,600,000,000.00 | 10/25/10 | 0.267% | S/A |
| U.S. Postal Service | 10/22 | $274,900,000.00 | 10/25/10 | 0.257% | S/A |
| U.S. Postal Service | 10/25 | $2,370,000,000.00 | 10/26/10 | 0.257% | S/A |
| U.S. Postal Service | 10/25 | $295,400,000.00 | 10/26/10 | 0.257% | S/A |
| U.S. Postal Service | 10/26 | $1,300,000,000.00 | 10/20/11 | 0.338% | S/A |
| U.S. Postal Service | 10/26 | $800,000,000.00 | 10/27/10 | 0.257% | S/A |
| U.S. Postal Service | 10/26 | $261,500,000.00 | 10/27/10 | 0.267% | S/A |
| U.S. Postal Service | 10/27 | $600,000,000.00 | 10/28/10 | 0.257% | S/A |
| U.S. Postal Service | 10/27 | $263,200,000.00 | 10/28/10 | 0.267% | S/A |
| U.S. Postal Service | 10/28 | $350,000,000.00 | 10/29/10 | 0.267% | S/A |
| U.S. Postal Service | 10/28 | $325,300,000.00 | 10/29/10 | 0.267% | S/A |
| U.S. Postal Service | 10/29 | $3,000,000,000.00 | 11/01/10 | 0.267% | S/A |
| U.S. Postal Service | 10/29 | $198,000,000.00 | 11/01/10 | 0.267% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-ADV TECHNOLOGY VEHICLES MFG | |||||
| Ford Motor Company | 10/27 | $83,300,000.00 | 6/15/22 | 2.093% | Qtr. |
| Ford Motor Company | 10/27 | $24,900,000.00 | 6/15/22 | 2.093% | Qtr. |
| Tesla Motors, Inc. | 10/28 | $1,148,685.00 | 9/16/19 | 1.745% | Qtr. |
| Tesla Motors, Inc. | 10/28 | $5,354,911.00 | 9/15/22 | 2.210% | Qtr. |
| DOE-SECTION 1705 (RECOVERY) | |||||
| Kahuku Wind Power | 10/05 | $12,514,576.81 | 6/28/28 | 2.598% | Qtr. |
| Solyndra | 10/13 | $6,302,736.42 | 8/15/16 | 0.921% | Qtr. |
| Kahuku Wind Power | 10/27 | $7,120,127.56 | 6/28/28 | 2.764% | Qtr. |
| Beacon | 10/29 | $4,023,117.82 | 6/17/30 | 2.878% | Qtr. |
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 10/28 | $2,200.00 | 8/01/35 | 3.480% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Bennett College | 10/01 | $292,003.69 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $162,845.04 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $398,209.65 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $68,188.73 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $111,914.52 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $337,700.82 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $500,845.60 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $509,385.50 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $512,161.16 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $750,980.16 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $792,394.66 | 4/01/11 | 0.193% | S/A |
| *Bennett College | 10/01 | $595,311.72 | 4/01/11 | 0.193% | S/A |
| Bennett College | 10/04 | $261,876.29 | 10/01/25 | 3.034% | S/A |
| Bennett College | 10/04 | $637,769.43 | 4/01/11 | 0.193% | S/A |
| Tougaloo College | 10/04 | $892,202.58 | 12/01/10 | 0.156% | S/A |
| Florida Memorial Univ. | 10/08 | $531,645.02 | 4/01/31 | 3.385% | S/A |
| Harris Stowe State Univ. | 10/19 | $452,889.43 | 7/02/40 | 3.538% | S/A |
| Tuskegee Univ. | 10/19 | $2,369,083.97 | 12/03/40 | 3.527% | S/A |
| Xavier University | 10/19 | $2,060,267.64 | 12/01/10 | 0.143% | S/A |
| Bennett College | 10/28 | $97,031.16 | 10/01/25 | 3.318% | S/A |
| Bennett College | 10/28 | $840,978.72 | 4/01/11 | 0.170% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Buckeye Rural Electric #2747 | 10/01 | $1,321,000.00 | 1/03/45 | 3.365% | Qtr. |
| Macon Electric Coop. #2435 | 10/01 | $2,000,000.00 | 12/31/13 | 0.709% | Qtr. |
| Victoria Electric #2566 | 10/01 | $2,595,000.00 | 12/31/43 | 3.339% | Qtr. |
| Victory Electric #2510 | 10/01 | $1,764,000.00 | 12/31/42 | 3.313% | Qtr. |
| Victory Electric #2551 | 10/01 | $1,280,000.00 | 12/31/37 | 3.145% | Qtr. |
| West Central Elec. Coop #2600 | 10/01 | $4,000,000.00 | 12/31/43 | 3.339% | Qtr. |
| Basin Electric #2625 | 10/04 | $10,987,000.00 | 1/03/39 | 3.203% | Qtr. |
| Johnson County Elec. #2346 | 10/04 | $625,000.00 | 3/31/16 | 1.377% | Qtr. |
| Johnson County Elec. #2346 | 10/04 | $1,375,000.00 | 3/31/20 | 2.345% | Qtr. |
| S. Maryland Elec. #2782 | 10/04 | $36,000,000.00 | 1/03/45 | 3.388% | Qtr. |
| Gunnison County Elec. #2310 | 10/05 | $1,652,000.00 | 12/31/41 | 3.296% | Qtr. |
| Wilkes Tele. & Elec. #851 | 10/05 | $1,268,130.00 | 12/31/18 | 1.427% | Qtr. |
| Arizona Electric #2675 | 10/06 | $5,687,000.00 | 1/02/35 | 3.025% | Qtr. |
| Tri-State #2052 | 10/06 | $4,865,000.00 | 1/03/34 | 2.972% | Qtr. |
| Tri-State #2247 | 10/06 | $10,572,000.00 | 12/31/35 | 3.074% | Qtr. |
| Tri-State #2298 | 10/06 | $8,224,000.00 | 12/31/37 | 3.164% | Qtr. |
| Tri-State #2606 | 10/06 | $5,911,000.00 | 1/03/40 | 3.245% | Qtr. |
| W. Farmers Elec. Coop. #2424 | 10/06 | $2,389,000.00 | 12/31/24 | 2.274% | Qtr. |
| W. Farmers Elec. Coop. #2425 | 10/06 | $13,539,000.00 | 12/31/40 | 3.281% | Qtr. |
| Gibson Elec. Mem. #2576 | 10/07 | $5,600,000.00 | 12/31/43 | 3.295% | Qtr. |
| Craighead Electric Coop #2743 | 10/08 | $5,900,000.00 | 1/03/45 | 3.363% | Qtr. |
| United Farmers Tele. #2535 | 10/08 | $215,691.00 | 12/31/29 | 2.656% | Qtr. |
| Clearwater Power Co. #2668 | 10/12 | $5,000,000.00 | 3/31/31 | 2.757% | Qtr. |
| Lincoln Electric #2499 | 10/12 | $600,000.00 | 12/31/42 | 3.324% | Qtr. |
| REA Energy Cooperative #2616 | 10/12 | $3,600,000.00 | 12/31/43 | 3.354% | Qtr. |
| San Miguel Electric #2723 | 10/12 | $6,914,337.70 | 12/31/36 | 3.088% | Qtr. |
| Washington Electric #2559 | 10/12 | $638,000.00 | 12/31/43 | 3.203% | Qtr. |
| Sho-Me Power #2615 | 10/15 | $5,000,000.00 | 12/31/43 | 3.499% | Qtr. |
| Coastal Electric #2785 | 10/18 | $8,500,000.00 | 12/31/42 | 3.551% | Qtr. |
| Kennebec Telephone #2293 | 10/18 | $336,543.00 | 12/31/25 | 2.401% | Qtr. |
| North Itasca Electric #2520 | 10/19 | $1,428,000.00 | 12/31/42 | 3.490% | Qtr. |
| Northern Electric Coop. #2708 | 10/19 | $1,000,000.00 | 1/03/45 | 3.551% | Qtr. |
| West Oregon Electric #2577 | 10/19 | $794,000.00 | 12/31/43 | 3.521% | Qtr. |
| Upsala Coop. Tele. #2646 | 10/20 | $1,193,463.00 | 3/31/11 | 0.174% | Qtr. |
| Brantley Telephone Co. #2301 | 10/21 | $1,093,071.00 | 12/31/24 | 2.265% | Qtr. |
| Eagle Telephone System #2027 | 10/21 | $111,591.00 | 12/31/20 | 1.706% | Qtr. |
| Mountain View Electric #2487 | 10/21 | $5,656,000.00 | 12/31/42 | 3.453% | Qtr. |
| Wilkes Tel. Memb. Corp. #2333 | 10/21 | $3,047,349.00 | 12/31/25 | 2.376% | Qtr. |
| Columbus Electric #2539 | 10/22 | $1,000,000.00 | 1/03/12 | 0.251% | Qtr. |
| United Elec. #2644 | 10/22 | $1,359,952.26 | 12/31/43 | 3.548% | Qtr. |
| Alger-Delta Co-Op #2488 | 10/25 | $1,000,000.00 | 12/31/42 | 3.512% | Qtr. |
| Brazos Electric #2608 | 10/25 | $30,411,000.00 | 3/31/11 | 0.172% | Qtr. |
| Brazos Electric #2608 | 10/25 | $25,000,000.00 | 3/31/11 | 0.172% | Qtr. |
| Brazos Electric #2608 | 10/25 | $25,000,000.00 | 3/31/11 | 0.172% | Qtr. |
| Darke Rural Elec. Coop. #2377 | 10/25 | $975,000.00 | 12/31/42 | 3.513% | Qtr. |
| N.E. Missouri Elec. #2420 | 10/25 | $2,000,000.00 | 12/31/40 | 3.443% | Qtr. |
| McLean Electric #2613 | 10/28 | $1,274,000.00 | 12/31/43 | 3.506% | Qtr. |
| McLean Electric #2613 | 10/28 | $225,000.00 | 12/31/43 | 3.506% | Qtr. |
| People's Coop. Svcs #2694 | 10/28 | $3,500,000.00 | 12/31/43 | 3.672% | Qtr. |
| Associated Electric #2791 | 10/29 | $266,677,000.00 | 12/31/40 | 3.557% | Qtr. |
| Cookson Hills Elec. #2373 | 10/29 | $1,524,000.00 | 12/31/42 | 3.621% | Qtr. |
| Dairyland Power #2607 | 10/29 | $9,653,000.00 | 1/03/34 | 3.205% | Qtr. |
| Dairyland Power #2607 | 10/29 | $10,026,000.00 | 1/03/34 | 3.205% | Qtr. |
| Houston Cty Elec Coop #2776 | 10/29 | $6,730,565.11 | 1/03/45 | 3.682% | Qtr. |
| N. Carolina Elec. #2359 | 10/29 | $7,776,000.00 | 1/03/39 | 3.468% | Qtr. |
| Nelson Tele. Coop. #2775 | 10/29 | $4,000,000.00 | 3/31/11 | 0.169% | Qtr. |
| Oglethorpe Power #2436 | 10/29 | $27,870,000.00 | 12/31/42 | 3.452% | Qtr. |
| AGENCY DEBT | |||||
| HOPE FOR HOMEOWNERS | |||||
| *HOPE Bonds | 10/15 | $29,535,000.00 | 1/18/11 | 0.143% | Qtr. |
| *HOPE Bonds | 10/15 | $62,028.36 | 1/18/11 | 0.143% | Qtr. |
| *HOPE Bonds | 10/15 | $1,084,546.89 | 1/18/11 | 0.143% | Qtr. |
| *HOPE Bonds | 10/15 | $145,483.86 | 1/18/11 | 0.143% | Qtr. |
| *HOPE Bonds | 10/15 | $209,680.01 | 1/18/11 | 0.143% | Qtr. |
| *HOPE Bonds | 10/15 | $461,000,000.00 | 1/18/11 | 0.143% | Qtr. |
| *HOPE Bonds | 10/15 | $226,957.01 | 1/18/11 | 0.143% | Qtr. |
| *HOPE Bonds | 10/15 | $89,335.75 | 1/18/11 | 0.143% | Qtr. |
| *HOPE Bonds | 10/15 | $61,915.09 | 1/18/11 | 0.143% | Qtr. |
| *HOPE Bonds | 10/15 | $198,881.68 | 1/18/11 | 0.143% | Qtr. |
| HOPE Bonds | 10/15 | $189,973.48 | 1/18/11 | 0.143% | Qtr. |
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | October 31, 2010 | September 30, 2010 | 10/01/10-10/31/10 | 10/01/10-10/31/10 |
| Agency Debt | ||||
| U.S. Postal Service | $13,598.0 | $12,000.0 | $1,598.0 | $1,598.0 |
| National Credit Union Adm.-CLF | $95.7 | $10,100.7 | -$10,005.0 | -$10,005.0 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $492.8 | $492.6 | $0.2 | $0.2 |
| Subtotal* | $14,186.5 | $22,593.3 | -$8,406.8 | -$8,406.8 |
| Agency Assets | ||||
| Rural Utilities Service-CBO | $2,357.9 | $2,357.9 | $0.0 | $0.0 |
| Subtotal* | $2,357.9 | $2,357.9 | $0.0 | $0.0 |
| Government-Guaranteed Lending | ||||
| DOD-Foreign Military Sales | $417.0 | $417.3 | -$0.2 | -$0.2 |
| DoEd-HBCU+ | $619.8 | $611.7 | $8.1 | $8.1 |
| DOE-Adv Technology Vehicles Mfg | $2,582.1 | $2,467.4 | $114.7 | $114.7 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $493.6 | $463.6 | $30.0 | $30.0 |
| General Services Administration+ | $1,965.8 | $1,966.8 | -$1.0 | -$1.0 |
| Rural Utilities Service | $26,446.3 | $25,906.0 | $540.3 | $540.3 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $1.8 | $2.1 | -$0.4 | -$0.4 |
| DOT-Section 511 | $1.5 | $1.5 | $0.0 | $0.0 |
| 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* | $35,532.6 | $34,841.2 | $691.4 | $691.4 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $52,077.0 | $59,792.4 | -$7,715.4 | -$7,715.4 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |