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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.
    
Attached to this release are tables presenting FFB October loan activity and FFB holdings as of October 31, 2010.

FEDERAL FINANCING BANK
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.
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 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