DECEMBER 2010 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of November 2010. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $51.9 billion on November 30, 2010, posting a decrease of $168.3 million from the level on October 31, 2010. This net change was the result of a decrease in holdings of agency debt of $293.0 million and an increase in net holdings of government-guaranteed loans of $124.7 million. The FFB made 89 disbursements and received 65 prepayments in the month of October. The FFB also reset the interest rate for one loan guaranteed by the Department of Education during the month. |
NOVEMBER 2010 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 11/01 | $2,200,000,000.00 | 11/02/10 | 0.267% | S/A |
| U.S. Postal Service | 11/01 | $209,400,000.00 | 11/02/10 | 0.267% | S/A |
| U.S. Postal Service | 11/02 | $1,900,000,000.00 | 11/03/10 | 0.267% | S/A |
| U.S. Postal Service | 11/02 | $228,000,000.00 | 11/03/10 | 0.257% | S/A |
| U.S. Postal Service | 11/03 | $1,700,000,000.00 | 11/04/10 | 0.267% | S/A |
| U.S. Postal Service | 11/03 | $255,200,000.00 | 11/04/10 | 0.257% | S/A |
| U.S. Postal Service | 11/04 | $1,400,000,000.00 | 11/05/10 | 0.257% | S/A |
| U.S. Postal Service | 11/04 | $335,100,000.00 | 11/05/10 | 0.257% | S/A |
| U.S. Postal Service | 11/05 | $1,200,000,000.00 | 11/08/10 | 0.257% | S/A |
| U.S. Postal Service | 11/05 | $316,900,000.00 | 11/08/10 | 0.257% | S/A |
| U.S. Postal Service | 11/08 | $950,000,000.00 | 11/09/10 | 0.257% | S/A |
| U.S. Postal Service | 11/08 | $337,000,000.00 | 11/09/10 | 0.247% | S/A |
| U.S. Postal Service | 11/09 | $700,000,000.00 | 11/10/10 | 0.257% | S/A |
| U.S. Postal Service | 11/09 | $334,000,000.00 | 11/10/10 | 0.237% | S/A |
| U.S. Postal Service | 11/10 | $560,000,000.00 | 11/12/10 | 0.247% | S/A |
| U.S. Postal Service | 11/10 | $333,400,000.00 | 11/12/10 | 0.247% | S/A |
| U.S. Postal Service | 11/12 | $1,600,000,000.00 | 11/15/10 | 0.237% | S/A |
| U.S. Postal Service | 11/12 | $400,500,000.00 | 11/15/10 | 0.237% | S/A |
| U.S. Postal Service | 11/15 | $1,865,000,000.00 | 11/16/10 | 0.247% | S/A |
| U.S. Postal Service | 11/15 | $298,100,000.00 | 11/16/10 | 0.247% | S/A |
| U.S. Postal Service | 11/16 | $1,765,000,000.00 | 11/17/10 | 0.237% | S/A |
| U.S. Postal Service | 11/16 | $99,800,000.00 | 11/17/10 | 0.257% | S/A |
| U.S. Postal Service | 11/17 | $1,400,000,000.00 | 11/18/10 | 0.247% | S/A |
| U.S. Postal Service | 11/17 | $285,600,000.00 | 11/18/10 | 0.257% | S/A |
| U.S. Postal Service | 11/18 | $1,200,000,000.00 | 11/19/10 | 0.257% | S/A |
| U.S. Postal Service | 11/18 | $298,600,000.00 | 11/19/10 | 0.257% | S/A |
| U.S. Postal Service | 11/19 | $1,000,000,000.00 | 11/22/10 | 0.257% | S/A |
| U.S. Postal Service | 11/19 | $304,100,000.00 | 11/22/10 | 0.247% | S/A |
| U.S. Postal Service | 11/22 | $800,000,000.00 | 11/23/10 | 0.257% | S/A |
| U.S. Postal Service | 11/22 | $308,900,000.00 | 11/23/10 | 0.247% | S/A |
| U.S. Postal Service | 11/23 | $550,000,000.00 | 11/24/10 | 0.247% | S/A |
| U.S. Postal Service | 11/23 | $231,900,000.00 | 11/24/10 | 0.277% | S/A |
| U.S. Postal Service | 11/24 | $320,000,000.00 | 11/26/10 | 0.247% | S/A |
| U.S. Postal Service | 11/24 | $274,000,000.00 | 11/26/10 | 0.287% | S/A |
| U.S. Postal Service | 11/26 | $1,350,000,000.00 | 11/29/10 | 0.277% | S/A |
| U.S. Postal Service | 11/26 | $397,800,000.00 | 11/29/10 | 0.287% | S/A |
| U.S. Postal Service | 11/29 | $1,600,000,000.00 | 11/30/10 | 0.287% | S/A |
| U.S. Postal Service | 11/29 | $405,100,000.00 | 11/30/10 | 0.287% | S/A |
| U.S. Postal Service | 11/30 | $2,600,000,000.00 | 12/01/10 | 0.287% | S/A |
| U.S. Postal Service | 11/30 | $305,000,000.00 | 12/01/10 | 0.308% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-SECTION 1705 (RECOVERY) | |||||
| Solyndra | 11/10 | $32,175,700.80 | 8/15/16 | 1.006% | Qtr. |
| Kahuku Wind Power | 11/23 | $10,794,198.98 | 6/28/28 | 2.915% | Qtr. |
| Beacon | 11/30 | $4,844,196.16 | 6/17/30 | 3.041% | Qtr. |
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 11/22 | $91,450.00 | 8/01/35 | 3.659% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Tuskegee Univ. | 11/01 | $2,000,000.00 | 5/02/11 | 0.174% | S/A |
| Florida Memorial Univ. | 11/18 | $276,731.56 | 10/01/31 | 3.967% | S/A |
| Harris Stowe State Univ. | 11/18 | $510,724.50 | 7/02/40 | 3.931% | S/A |
| Tougaloo College | 11/18 | $653,999.35 | 12/01/10 | 0.132% | S/A |
| Talladega College | 11/23 | $29,835.02 | 10/02/28 | 3.705% | S/A |
| Bennett College | 11/30 | $140,106.68 | 10/01/25 | 3.453% | S/A |
| Bennett College | 11/30 | $830,854.03 | 4/01/11 | 0.192% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Farmer's Rural Elec. #2388 | 11/01 | $1,000,000.00 | 12/31/40 | 3.491% | Qtr. |
| Freeborn-Mower Coop. #2444 | 11/01 | $1,500,000.00 | 12/31/42 | 3.559% | Qtr. |
| Northern Neck Elec. #2404 | 11/01 | $2,400,000.00 | 12/31/42 | 3.559% | Qtr. |
| Nobles Cooperative Elec #2580 | 11/01 | $650,000.00 | 12/31/43 | 3.590% | Qtr. |
| Southwest Mississippi #2622 | 11/02 | $2,600,000.00 | 12/31/43 | 3.613% | Qtr. |
| Central Power Elec. #2529 | 11/04 | $2,845,000.00 | 3/31/11 | 0.149% | Qtr. |
| Alabama Electric #2338 | 11/05 | $15,452,000.00 | 12/31/35 | 3.216% | Qtr. |
| Sho-Me Power #2615 | 11/05 | $3,000,000.00 | 12/31/43 | 3.585% | Qtr. |
| Agralite Elec. #2369 | 11/08 | $690,000.00 | 12/31/42 | 3.627% | Qtr. |
| Goodhue County #2557 | 11/08 | $500,000.00 | 12/31/43 | 3.662% | Qtr. |
| Howell-Oregon Elec. #2403 | 11/08 | $2,000,000.00 | 12/31/42 | 3.627% | Qtr. |
| New-Mac Electric #2799 | 11/08 | $3,000,000.00 | 1/03/45 | 3.699% | Qtr. |
| Tideland Electric #2573 | 11/09 | $2,500,000.00 | 12/31/15 | 1.145% | Qtr. |
| Tri-County EMC GA #2733 | 11/09 | $3,100,000.00 | 1/03/45 | 3.700% | Qtr. |
| United Farmers Tele. #2535 | 11/10 | $80,475.00 | 12/31/29 | 2.985% | Qtr. |
| W. Farmers Elec. Coop. #2318 | 11/12 | $531,000.00 | 12/31/24 | 2.407% | Qtr. |
| W. Farmers Elec. Coop. #2319 | 11/12 | $2,789,000.00 | 12/31/40 | 3.670% | Qtr. |
| W. Farmers Elec. Coop. #2579 | 11/12 | $6,299,000.00 | 12/31/43 | 3.787% | Qtr. |
| W. Farmers Elec. Coop. #2578 | 11/12 | $1,111,000.00 | 12/31/24 | 2.406% | Qtr. |
| Mecklenburg Electric #2630 | 11/15 | $2,100,000.00 | 12/31/43 | 3.832% | Qtr. |
| Prairie Energy Coop. #2491 | 11/15 | $1,000,000.00 | 12/31/42 | 3.797% | Qtr. |
| TRANSCO #2323 | 11/15 | $4,700,000.00 | 12/31/35 | 3.472% | Qtr. |
| Holy Cross Elec Assn. #2725 | 11/16 | $7,837,679.00 | 12/31/40 | 3.861% | Qtr. |
| Lacreek Electric #2468 | 11/16 | $1,727,000.00 | 12/31/42 | 3.932% | Qtr. |
| Petit Jean Electric #2796 | 11/17 | $3,000,000.00 | 1/03/45 | 3.885% | Qtr. |
| Consolidated Elec Coop #2672 | 11/19 | $3,000,000.00 | 3/31/11 | 0.171% | Qtr. |
| S. Maryland Elec. #2782 | 11/19 | $15,664,000.00 | 1/03/45 | 3.921% | Qtr. |
| West Carolina Tele. #2648 | 11/19 | $5,978,609.00 | 3/31/11 | 0.171% | Qtr. |
| White River Valley Elec #2803 | 11/19 | $22,900,000.00 | 12/31/40 | 3.922% | Qtr. |
| Central Elec. Power #2285 | 11/22 | $4,571,000.00 | 1/02/18 | 2.085% | Qtr. |
| Four County Electric #2794 | 11/22 | $17,000,000.00 | 1/03/40 | 3.724% | Qtr. |
| Mid-Carolina Elec. #2511 | 11/22 | $23,000,000.00 | 12/31/42 | 3.825% | Qtr. |
| Mountrail-Williams #2788 | 11/22 | $9,260,000.00 | 1/03/45 | 3.885% | Qtr. |
| Appalachian Elec. #2623 | 11/23 | $8,000,000.00 | 12/31/43 | 3.797% | Qtr. |
| Valley Telecom #2592 | 11/24 | $1,600,000.00 | 12/31/13 | 0.701% | Qtr. |
| Craig-Botetourt #2374 | 11/26 | $1,268,000.00 | 12/31/42 | 3.872% | Qtr. |
| Consolidated Tel. Co. #2774 | 11/26 | $12,723,871.00 | 6/30/26 | 3.130% | Qtr. |
| West Central Electric #2441 | 11/26 | $360,000.00 | 12/31/42 | 3.872% | Qtr. |
| West River Elec. #2731 | 11/30 | $3,230,000.00 | 1/03/45 | 3.805% | Qtr. |
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | November 30, 2010 | October 31, 2010 | 11/01/10-11/30/10 | 10/01/10-11/30/10 |
| Agency Debt | ||||
| U.S. Postal Service | $13,305.0 | $13,598.0 | -$293.0 | $1,305.0 |
| National Credit Union Adm.-CLF | $95.7 | $95.7 | $0.0 | -$10,005.0 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $492.8 | $492.8 | $0.0 | $0.2 |
| Subtotal* | $13,893.5 | $14,186.5 | -$293.0 | -$8,699.8 |
| 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 | $412.0 | $417.0 | -$5.0 | -$5.3 |
| DoEd-HBCU+ | $622.0 | $619.8 | $2.3 | $10.4 |
| DOE-Adv Technology Vehicles Mfg | $2,582.1 | $2,582.1 | $0.0 | $114.7 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $541.4 | $493.6 | $47.8 | $77.8 |
| General Services Administration+ | $1,955.4 | $1,965.8 | -$10.3 | -$11.3 |
| Rural Utilities Service | $26,536.4 | $26,446.3 | $90.2 | $630.5 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $1.6 | $1.8 | -$0.2 | -$0.5 |
| 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* | $35,657.3 | $35,532.6 | $124.7 | $816.1 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $51,908.7 | $52,077.0 | -$168.3 | -$7,883.7 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |