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FEDERAL FINANCING BANK

 

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

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $51.5 billion on December 31, 2010, posting a decrease of $417.5 million from the level on November 30, 2010. This net change was the result of a decrease in holdings of agency debt of $1,100.7 million and an increase in net holdings of government-guaranteed loans of $683.2 million.  The FFB made 107 disbursements and received 13 prepayments in the month of December. The FFB also reset the interest rate for 109 loans guaranteed by the Department of Education during the month.
    
Attached to this release are tables presenting FFB December loan activity and FFB holdings as of December 31, 2010.

FEDERAL FINANCING BANK
DECEMBER 2010 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 12/01 $1,700,000,000.00 12/02/10 0.287% S/A
U.S. Postal Service 12/01 $287,300,000.00 12/02/10 0.297% S/A
U.S. Postal Service 12/02 $1,450,000,000.00 12/03/10 0.308% S/A
U.S. Postal Service 12/02 $327,200,000.00 12/03/10 0.287% S/A
U.S. Postal Service 12/03 $1,200,000,000.00 12/06/10 0.297% S/A
U.S. Postal Service 12/03 $318,800,000.00 12/06/10 0.267% S/A
U.S. Postal Service 12/06 $900,000,000.00 12/07/10 0.287% S/A
U.S. Postal Service 12/06 $329,500,000.00 12/07/10 0.267% S/A
U.S. Postal Service 12/07 $600,000,000.00 12/08/10 0.267% S/A
U.S. Postal Service 12/07 $221,700,000.00 12/08/10 0.206% S/A
U.S. Postal Service 12/08 $350,000,000.00 12/09/10 0.267% S/A
U.S. Postal Service 12/08 $216,300,000.00 12/09/10 0.206% S/A
U.S. Postal Service 12/09 $163,000,000.00 12/10/10 0.206% S/A
U.S. Postal Service 12/09 $216,100,000.00 12/10/10 0.216% S/A
U.S. Postal Service 12/10 $1,180,000,000.00 12/13/10 0.206% S/A
U.S. Postal Service 12/10 $347,200,000.00 12/13/10 0.216% S/A
U.S. Postal Service 12/13 $1,400,000,000.00 12/14/10 0.216% S/A
U.S. Postal Service 12/13 $327,300,000.00 12/14/10 0.216% S/A
U.S. Postal Service 12/14 $1,200,000,000.00 12/15/10 0.216% S/A
U.S. Postal Service 12/14 $215,900,000.00 12/15/10 0.216% S/A
U.S. Postal Service 12/15 $940,000,000.00 12/16/10 0.216% S/A
U.S. Postal Service 12/15 $294,900,000.00 12/16/10 0.206% S/A
U.S. Postal Service 12/16 $700,000,000.00 12/17/10 0.216% S/A
U.S. Postal Service 12/16 $269,100,000.00 12/17/10 0.206% S/A
U.S. Postal Service 12/17 $500,000,000.00 12/20/10 0.206% S/A
U.S. Postal Service 12/17 $266,100,000.00 12/20/10 0.176% S/A
U.S. Postal Service 12/20 $250,000,000.00 12/21/10 0.206% S/A
U.S. Postal Service 12/20 $238,000,000.00 12/21/10 0.145% S/A
U.S. Postal Service 12/21 $103,200,000.00 12/22/10 0.216% S/A
U.S. Postal Service 12/23 $600,000,000.00 12/27/10 0.186% S/A
U.S. Postal Service 12/24 $600,000,000.00 12/27/10 0.196% S/A
U.S. Postal Service 12/27 $900,000,000.00 12/28/10 0.196% S/A
U.S. Postal Service 12/27 $237,500,000.00 12/28/10 0.166% S/A
U.S. Postal Service 12/28 $700,000,000.00 12/29/10 0.186% S/A
U.S. Postal Service 12/28 $306,200,000.00 12/29/10 0.206% S/A
U.S. Postal Service 12/29 $575,000,000.00 12/30/10 0.166% S/A
U.S. Postal Service 12/29 $301,500,000.00 12/30/10 0.176% S/A
U.S. Postal Service 12/30 $3,400,000,000.00 1/03/11 0.206% S/A
U.S. Postal Service 12/30 $400,000,000.00 1/03/11 0.176% S/A
GOVERNMENT-GUARANTEED LOANS
DOE-ADV TECHNOLOGY VEHICLES MFG
Fisker Automotive, Inc. 12/22 $19,702,000.00 4/24/17 1.801% Qtr.
Ford Motor Company 12/22 $301,200,000.00 6/15/22 2.718% Qtr.
Ford Motor Company 12/22 $58,600,000.00 6/15/22 2.718% Qtr.
Tesla Motors, Inc. 12/22 $2,959,533.00 9/16/19 2.290% Qtr.
Tesla Motors, Inc. 12/22 $5,808,339.00 9/15/22 2.766% Qtr.
DOE-SECTION 1705 (RECOVERY)
Abound Solar Mfg. 12/09 $21,331,796.00 3/09/22 3.263% Qtr.
Solyndra 12/13 $14,850,671.30 8/15/16 1.515% Qtr.
Beacon 12/15 $76,220.10 6/17/30 3.595% Qtr.
Solyndra 12/21 $3,004,659.00 8/15/16 1.502% Qtr.
Beacon 12/23 $5,009,822.45 6/17/30 3.496% Qtr.
Kahuku Wind Power 12/28 $3,163,740.32 6/28/28 3.406% Qtr.
Kahuku Wind Power 12/28 $626,129.76 6/28/28 3.406% Qtr.
DEPARTMENT OF EDUCATION
*Dillard University 12/01 $79,010,396.21 6/01/11 0.213% S/A
*Dillard University 12/01 $372,322.96 6/01/11 0.213% S/A
*Dillard University 12/01 $395,826.16 6/01/11 0.213% S/A
*Dillard University 12/01 $3,853,333.66 6/01/11 0.213% S/A
*Dillard University 12/01 $5,859,589.88 6/01/11 0.213% S/A
*Dillard University 12/01 $4,578,074.92 6/01/11 0.213% S/A
*Dillard University 12/01 $417,708.96 6/01/11 0.213% S/A
*Dillard University 12/01 $4,249,002.25 6/01/11 0.213% S/A
*Dillard University 12/01 $6,442,245.15 6/01/11 0.213% S/A
*Dillard University 12/01 $2,201,296.04 6/01/11 0.213% S/A
*Dillard University 12/01 $593,963.30 6/01/11 0.213% S/A
*Dillard University 12/01 $220,009.40 6/01/11 0.213% S/A
*Dillard University 12/01 $3,598,519.19 6/01/11 0.213% S/A
*Dillard University 12/01 $6,149,808.01 6/01/11 0.213% S/A
*Dillard University 12/01 $3,125,863.55 6/01/11 0.213% S/A
*Dillard University 12/01 $4,898,987.50 6/01/11 0.213% S/A
*Dillard University 12/01 $176,064.22 6/01/11 0.213% S/A
*Dillard University 12/01 $772,767.89 6/01/11 0.213% S/A
*Dillard University 12/01 $2,150,180.58 6/01/11 0.213% S/A
*Dillard University 12/01 $3,758,284.26 6/01/11 0.213% S/A
*Dillard University 12/01 $1,626,188.92 6/01/11 0.213% S/A
*Dillard University 12/01 $1,234,435.43 6/01/11 0.213% S/A
*Dillard University 12/01 $1,471,561.22 6/01/11 0.213% S/A
*Dillard University 12/01 $1,307,207.32 6/01/11 0.213% S/A
*Dillard University 12/01 $1,213,660.12 6/01/11 0.213% S/A
*Dillard University 12/01 $102,037.46 6/01/11 0.213% S/A
*Dillard University 12/01 $2,692,395.67 6/01/11 0.213% S/A
*Dillard University 12/01 $1,535,886.51 6/01/11 0.213% S/A
*Dillard University 12/01 $1,248,210.68 6/01/11 0.213% S/A
*Southern University 12/01 $2,061,914.91 6/01/11 0.213% S/A
*Southern University 12/01 $338.94 6/01/11 0.213% S/A
*Southern University 12/01 $154,579.43 6/01/11 0.213% S/A
*Southern University 12/01 $330,516.91 6/01/11 0.213% S/A
*Southern University 12/01 $119,203.82 6/01/11 0.213% S/A
*Southern University 12/01 $11,117.97 6/01/11 0.213% S/A
*Southern University 12/01 $1,120,381.52 6/01/11 0.213% S/A
*Southern University 12/01 $2,381,510.24 6/01/11 0.213% S/A
*Southern University 12/01 $2,322,882.66 6/01/11 0.213% S/A
*Southern University 12/01 $50,572.75 6/01/11 0.213% S/A
*Southern University 12/01 $3,603,981.33 6/01/11 0.213% S/A
*Southern University 12/01 $18,121.69 6/01/11 0.213% S/A
*Southern University 12/01 $3,113,069.48 6/01/11 0.213% S/A
*Southern University 12/01 $2,171,697.24 6/01/11 0.213% S/A
*Southern University 12/01 $2,212,062.98 6/01/11 0.213% S/A
*Southern University 12/01 $13,917.23 6/01/11 0.213% S/A
*Southern University 12/01 $4,489.74 6/01/11 0.213% S/A
*Southern University 12/01 $4,335,073.34 6/01/11 0.213% S/A
*Southern University 12/01 $2,338,678.70 6/01/11 0.213% S/A
*Southern University 12/01 $2,502,475.20 6/01/11 0.213% S/A
*Southern University 12/01 $4,839,168.67 6/01/11 0.213% S/A
*Southern University 12/01 $1,805,897.95 6/01/11 0.213% S/A
*Southern University 12/01 $847,435.31 6/01/11 0.213% S/A
*Southern University 12/01 $59,891.83 6/01/11 0.213% S/A
*Southern University 12/01 $241,794.40 6/01/11 0.213% S/A
*Southern University 12/01 $691,288.71 6/01/11 0.213% S/A
*Southern University 12/01 $11,227.31 6/01/11 0.213% S/A
*Southern University 12/01 $15,461.50 6/01/11 0.213% S/A
*Southern University 12/01 $696,986.60 6/01/11 0.213% S/A
*Southern University 12/01 $345.61 6/01/11 0.213% S/A
*Southern University 12/01 $943,816.96 6/01/11 0.213% S/A
*Southern University 12/01 $792,154.11 6/01/11 0.213% S/A
*Southern University 12/01 $37,267.37 6/01/11 0.213% S/A
*Southern University 12/01 $436,746.05 6/01/11 0.213% S/A
*Tougaloo College 12/01 $10,469,083.29 6/01/11 0.213% S/A
*Tougaloo College 12/01 $49,333.76 6/01/11 0.213% S/A
*Tougaloo College 12/01 $273,856.17 6/01/11 0.213% S/A
*Tougaloo College 12/01 $233,468.10 6/01/11 0.213% S/A
*Tougaloo College 12/01 $53,472.57 6/01/11 0.213% S/A
*Tougaloo College 12/01 $47,516.98 6/01/11 0.213% S/A
*Tougaloo College 12/01 $128,485.88 6/01/11 0.213% S/A
*Tougaloo College 12/01 $158,333.23 6/01/11 0.213% S/A
*Tougaloo College 12/01 $206,908.57 6/01/11 0.213% S/A
*Tougaloo College 12/01 $215,746.78 6/01/11 0.213% S/A
*Tougaloo College 12/01 $56,052.72 6/01/11 0.213% S/A
*Tougaloo College 12/01 $386,098.67 6/01/11 0.213% S/A
*Tougaloo College 12/01 $314,533.52 6/01/11 0.213% S/A
*Tougaloo College 12/01 $322,859.18 6/01/11 0.213% S/A
*Tougaloo College 12/01 $27,213.35 6/01/11 0.213% S/A
*Tougaloo College 12/01 $35,966.40 6/01/11 0.213% S/A
*Tougaloo College 12/01 $192,473.09 6/01/11 0.213% S/A
*Tougaloo College 12/01 $293,302.65 6/01/11 0.213% S/A
*Tougaloo College 12/01 $215,500.63 6/01/11 0.213% S/A
*Tougaloo College 12/01 $177,198.62 6/01/11 0.213% S/A
*Tougaloo College 12/01 $19,694.35 6/01/11 0.213% S/A
*Tougaloo College 12/01 $561,514.13 6/01/11 0.213% S/A
*Tougaloo College 12/01 $296,338.65 6/01/11 0.213% S/A
*Tougaloo College 12/01 $598,871.53 6/01/11 0.213% S/A
*Tougaloo College 12/01 $137,943.84 6/01/11 0.213% S/A
*Tougaloo College 12/01 $320,201.19 6/01/11 0.213% S/A
*Tougaloo College 12/01 $300,235.87 6/01/11 0.213% S/A
*Tougaloo College 12/01 $571,408.41 6/01/11 0.213% S/A
*Tougaloo College 12/01 $524,423.63 6/01/11 0.213% S/A
*Tougaloo College 12/01 $554,817.20 6/01/11 0.213% S/A
*Tougaloo College 12/01 $666,510.60 6/01/11 0.213% S/A
*Tougaloo College 12/01 $871,979.49 6/01/11 0.213% S/A
*Tougaloo College 12/01 $639,175.49 6/01/11 0.213% S/A
*Xavier University 12/01 $70,673,969.43 6/01/11 0.213% S/A
*Xavier University 12/01 $333,038.98 6/01/11 0.213% S/A
*Xavier University 12/01 $354,062.34 6/01/11 0.213% S/A
*Xavier University 12/01 $2,537,303.33 6/01/11 0.213% S/A
*Xavier University 12/01 $362,014.65 6/01/11 0.213% S/A
*Xavier University 12/01 $166,628.10 6/01/11 0.213% S/A
*Xavier University 12/01 $1,033,734.72 6/01/11 0.213% S/A
*Xavier University 12/01 $111,616.42 6/01/11 0.213% S/A
*Xavier University 12/01 $890,218.17 6/01/11 0.213% S/A
*Xavier University 12/01 $57,282.52 6/01/11 0.213% S/A
*Xavier University 12/01 $3,534,932.81 6/01/11 0.213% S/A
*Xavier University 12/01 $3,591,804.05 6/01/11 0.213% S/A
*Xavier University 12/01 $2,056,644.05 6/01/11 0.213% S/A
Tougaloo College 12/08 $975,521.04 6/01/11 0.189% S/A
Dillard University 12/17 $386,271.17 6/01/11 0.183% S/A
Harris Stowe State Univ. 12/17 $367,676.38 7/02/40 4.312% S/A
Southern University 12/17 $639,451.79 6/01/11 0.183% S/A
Bennett College 12/22 $42,151.37 10/01/25 3.899% S/A
Bennett College 12/22 $852,306.73 4/01/11 0.147% S/A
Florida Memorial Univ. 12/22 $794,578.10 4/01/32 4.220% S/A
Xavier University 12/22 $1,262,202.02 6/01/11 0.180% S/A
RURAL UTILITIES SERVICE
Red River Rural Tel. #2113 12/01 $46,075.00 1/03/23 2.310% Qtr.
Central Elec. Coop. #2437 12/02 $2,000,000.00 3/31/21 2.900% Qtr.
Crow Wing Cooperative #2640 12/02 $5,400,000.00 3/31/11 0.174% Qtr.
Navajo Tribal #2814 12/02 $20,343,375.19 6/30/11 0.215% Qtr.
Rural Elec. Conven. #2602 12/02 $500,000.00 3/31/11 0.174% Qtr.
Gascosage Electric #2466 12/03 $1,200,000.00 12/31/37 3.704% Qtr.
Intercounty Electric #2509 12/03 $6,800,000.00 12/31/42 3.882% Qtr.
GOLDEN VALLEY ASSOC. #2755 12/06 $27,319,000.00 1/03/40 3.822% Qtr.
French Broad Elec. #2391 12/07 $1,500,000.00 12/31/42 3.849% Qtr.
Greystone Power Corp. #2507 12/07 $15,000,000.00 12/31/42 3.849% Qtr.
Plumas-Sierra Elec. #2297 12/07 $575,000.00 12/31/25 2.721% Qtr.
SlashPine #2771 12/07 $3,000,000.00 1/03/45 3.908% Qtr.
Plumas-Sierra Elec. #2538 12/08 $3,837,000.00 1/03/28 3.102% Qtr.
Scott County Telephone #2175 12/08 $223,646.00 12/31/20 2.301% Qtr.
Farmers Telecom. #2639 12/10 $2,660,212.00 1/03/33 3.647% Qtr.
Northern Plains Elec. #2751 12/10 $2,500,000.00 1/03/45 4.104% Qtr.
Oglethorpe Power #2806 12/10 $32,722,000.00 12/31/43 3.913% Qtr.
Todd-Wadena Electric #2440 12/10 $1,680,000.00 12/31/42 4.053% Qtr.
Deep East Texas Elec. #2506 12/13 $5,800,000.00 12/31/42 4.091% Qtr.
Tipmont Rural Electric #2713 12/13 $3,900,000.00 12/31/43 4.118% Qtr.
Bailey County Elec. #2433 12/15 $5,000,000.00 12/31/42 4.215% Qtr.
Georgia Trans. Corp. #2626 12/15 $17,115,000.00 1/03/39 4.101% Qtr.
Georgia Trans. Corp. #2802 12/15 $20,884,000.00 12/31/41 4.191% Qtr.
Sumter Elec. #2823 12/15 $5,000,000.00 1/03/45 4.263% Qtr.
Interstate Tele #2476 12/16 $1,169,957.00 12/31/26 3.340% Qtr.
Farmers' Elec. #2779 12/17 $2,000,000.00 1/03/45 4.272% Qtr.
Home Telephone Co. #2690 12/17 $1,637,000.00 3/31/11 0.142% Qtr.
Farmers' Elec Coop. Inc #2386 12/20 $1,500,000.00 12/31/42 4.083% Qtr.
Minnkota Power #2560 12/20 $9,471,000.00 12/31/40 4.030% Qtr.
Sangre De Cristo Elec. #2820 12/20 $1,000,000.00 1/03/45 4.135% Qtr.
The Twin Valley Elec Co #2486 12/20 $223,000.00 12/31/42 4.083% Qtr.
W. Farmers Elec. Coop. #2579 12/20 $3,307,000.00 12/31/43 4.106% Qtr.
W. Farmers Elec. Coop. #2578 12/20 $583,000.00 12/31/24 3.053% Qtr.
Hancock Rural Tel. Corp #2252 12/21 $2,800,000.00 1/03/23 2.813% Qtr.
OTZ Telephone #573 12/22 $642,000.00 12/31/18 2.085% Qtr.
Square Butte Electric #2327 12/22 $2,405,000.00 12/31/26 3.282% Qtr.
Square Butte Electric #2627 12/22 $13,142,000.00 12/31/26 3.282% Qtr.
Warren Elec. Coop. #2526 12/23 $1,745,000.00 12/31/42 4.121% Qtr.
Piedmont Elec. Memb. #2542 12/27 $4,000,000.00 3/31/17 2.510% Qtr.
Seminole Electric #2366 12/27 $9,146,000.00 12/31/37 4.006% Qtr.
Wilkes Tele. & Elec. #851 12/27 $1,050,000.00 12/31/18 2.169% Qtr.
Blue Ridge Electric Memb #2822 12/28 $12,000,000.00 1/03/45 4.145% Qtr.
Tri-State #2052 12/28 $6,038,000.00 1/03/34 3.781% Qtr.
Tri-State #2298 12/28 $3,019,664.45 12/31/37 3.948% Qtr.
Tri-State #2606 12/28 $224,000.00 1/03/40 4.015% Qtr.
Square Butte Electric #2327 12/29 $214,000.00 12/31/26 3.430% Qtr.
Glidden Rural Elec Coop #2372 12/30 $1,500,000.00 1/03/12 0.298% Qtr.
San Isabel Elec. #495 12/30 $10,000,000.00 12/31/42 4.089% 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 December 31, 2010 November 30, 2010 12/01/10-12/31/10 10/01/10-12/31/10
Agency Debt
U.S. Postal Service $12,300.0 $13,305.0 -$1,005.0 $300.0
National Credit Union Adm.-CLF $0.0 $95.7 -$95.7 -$10,100.7
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* $12,792.8 $13,893.5 -$1,100.7 -$9,800.5
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 $405.1 $412.0 -$6.8 -$12.1
DoEd-HBCU+ $626.1 $622.0 $4.0 $14.4
DOE-Adv Technology Vehicles Mfg $2,970.4 $2,582.1 $388.3 $503.0
DOE-Section 1703 (Non-Recovery) $0.0 $0.0 $0.0 $0.0
DOE-Section 1705 (Recovery) $589.5 $541.4 $48.1 $125.8
General Services Administration+ $1,952.5 $1,955.4 -$2.9 -$14.3
Rural Utilities Service $26,789.2 $26,536.4 $252.8 $883.2
Rural Utilities Service-GETP $3,000.0 $3,000.0 $0.0 $0.0
SBA-State/Local Development Cos. $1.5 $1.6 -$0.1 -$0.6
DOT-Section 511 $1.5 $1.5 -$0.1 -$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* $36,340.5 $35,657.3 $683.2 $1,499.3
========= ========= ========= =========
Grand total* $51,491.2 $51,908.7 -$417.5 -$8,301.2
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest