Banner Image: Federal Financing Bank (FFB)
Header: Home page

MARCH 2011 NEWS RELEASE

Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of February 2011.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $52.1 billion on February 28, 2011, posting an increase of $843.6 million from the level on January 31, 2011. This net change was the result of increases in holdings of agency debt of $200.0 million and in net holdings of government-guaranteed loans of $643.6 million.  The FFB made 95 disbursements and received 9 prepayments in the month of February.
    

Attached to this release are tables presenting FFB February loan activity and FFB holdings as of February 28, 2011.
FEDERAL FINANCING BANK
FEBRUARY 2011 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 2/01 $2,211,000,000.00 2/02/11 0.257% S/A
U.S. Postal Service 2/01 $330,600,000.00 2/02/11 0.287% S/A
U.S. Postal Service 2/02 $2,000,000,000.00 2/03/11 0.277% S/A
U.S. Postal Service 2/02 $350,500,000.00 2/03/11 0.277% S/A
U.S. Postal Service 2/03 $1,842,000,000.00 2/04/11 0.287% S/A
U.S. Postal Service 2/03 $331,900,000.00 2/04/11 0.267% S/A
U.S. Postal Service 2/04 $3,100,000,000.00 2/07/11 0.277% S/A
U.S. Postal Service 2/04 $353,200,000.00 2/07/11 0.257% S/A
U.S. Postal Service 2/07 $3,400,000,000.00 2/08/11 0.267% S/A
U.S. Postal Service 2/07 $249,500,000.00 2/08/11 0.257% S/A
U.S. Postal Service 2/08 $3,300,000,000.00 2/09/11 0.257% S/A
U.S. Postal Service 2/08 $38,100,000.00 2/09/11 0.267% S/A
U.S. Postal Service 2/09 $3,075,000,000.00 2/10/11 0.257% S/A
U.S. Postal Service 2/09 $146,200,000.00 2/10/11 0.237% S/A
U.S. Postal Service 2/10 $2,760,000,000.00 2/11/11 0.267% S/A
U.S. Postal Service 2/10 $331,500,000.00 2/11/11 0.206% S/A
U.S. Postal Service 2/11 $2,543,000,000.00 2/14/11 0.237% S/A
U.S. Postal Service 2/11 $400,300,000.00 2/14/11 0.206% S/A
U.S. Postal Service 2/14 $2,347,000,000.00 2/15/11 0.206% S/A
U.S. Postal Service 2/14 $331,000,000.00 2/15/11 0.216% S/A
U.S. Postal Service 2/15 $2,200,000,000.00 2/16/11 0.206% S/A
U.S. Postal Service 2/15 $269,400,000.00 2/16/11 0.237% S/A
U.S. Postal Service 2/16 $2,000,000,000.00 2/17/11 0.216% S/A
U.S. Postal Service 2/16 $317,300,000.00 2/17/11 0.226% S/A
U.S. Postal Service 2/17 $1,840,000,000.00 2/18/11 0.237% S/A
U.S. Postal Service 2/17 $290,300,000.00 2/18/11 0.206% S/A
U.S. Postal Service 2/18 $3,000,000,000.00 2/22/11 0.226% S/A
U.S. Postal Service 2/18 $331,000,000.00 2/22/11 0.206% S/A
U.S. Postal Service 2/22 $3,200,000,000.00 2/23/11 0.206% S/A
U.S. Postal Service 2/22 $331,200,000.00 2/23/11 0.226% S/A
U.S. Postal Service 2/23 $2,860,000,000.00 2/24/11 0.206% S/A
U.S. Postal Service 2/23 $411,100,000.00 2/24/11 0.247% S/A
U.S. Postal Service 2/24 $2,766,000,000.00 2/25/11 0.226% S/A
U.S. Postal Service 2/24 $357,300,000.00 2/25/11 0.257% S/A
U.S. Postal Service 2/25 $2,700,000,000.00 2/28/11 0.247% S/A
U.S. Postal Service 2/25 $246,500,000.00 2/28/11 0.247% S/A
U.S. Postal Service 2/28 $3,347,000,000.00 3/01/11 0.257% S/A
U.S. Postal Service 2/28 $133,700,000.00 3/01/11 0.257% S/A
GOVERNMENT-GUARANTEED LOANS
DOE-ADV TECHNOLOGY VEHICLES MFG
Ford Motor Company 2/03 $127,500,000.00 6/15/22 2.834% Qtr.
Ford Motor Company 2/03 $39,500,000.00 6/15/22 2.834% Qtr.
Tesla Motors, Inc. 2/08 $2,688,217.00 9/16/19 2.551% Qtr.
Tesla Motors, Inc. 2/08 $12,898,055.00 9/15/22 3.048% Qtr.
Fisker Automotive, Inc. 2/25 $10,038,000.00 4/24/17 1.931% Qtr.
DOE-SECTION 1705 (RECOVERY)
Great Basin Transmission 2/11 $33,175,526.65 9/28/40 4.707% Qtr.
Solyndra 2/18 $11,463,304.02 8/15/16 1.731% Qtr.
Arizona Solar One 2/25 $205,872,395.46 6/15/39 4.687% S/A
Beacon 2/25 $4,196,550.36 6/17/30 3.554% Qtr.
Kahuku Wind Power 2/28 $6,142,619.01 6/28/28 3.443% Qtr.
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 2/28 $79,308.71 8/01/35 4.067% S/A
DEPARTMENT OF EDUCATION
Dillard University 2/04 $1,251,286.95 6/01/11 0.148% S/A
Tuskegee Univ. 2/04 $524,250.63 12/03/40 4.400% S/A
Florida Memorial Univ. 2/15 $836,295.73 10/03/33 4.515% S/A
Harris Stowe State Univ. 2/15 $766,514.63 7/02/40 4.446% S/A
Tougaloo College 2/15 $237,624.17 6/01/11 0.138% S/A
RURAL UTILITIES SERVICE
Home Telephone Co. #2690 2/01 $1,500,000.00 6/30/11 0.162% Qtr.
Woodstock #2801 2/01 $1,287,614.00 12/31/30 3.563% Qtr.
Farmers Telephone #2203 2/02 $460,577.00 6/30/11 0.169% Qtr.
Farmers Telephone #2650 2/02 $2,973,059.00 6/30/11 0.169% Qtr.
Heartland Rural Elec. #2562 2/03 $817,000.00 1/03/39 4.162% Qtr.
Comanche County Elec. #2599 2/07 $1,811,000.00 12/31/43 4.430% Qtr.
Navarro County Electric #2569 2/07 $1,845,000.00 12/31/43 4.429% Qtr.
S.E. Nebraska Comm. #2827 2/07 $1,383,141.00 6/30/11 0.171% Qtr.
Dixie Elec. Power Assoc. #2851 2/08 $18,367,000.00 1/03/45 4.436% Qtr.
Goodhue County #2557 2/08 $300,000.00 12/31/43 4.411% Qtr.
Hamilton County Elec. #2596 2/11 $1,200,000.00 12/31/43 4.461% Qtr.
Scott County Telephone #2175 2/11 $44,337.00 12/31/20 2.835% Qtr.
TOLEDO TELEPHONE #2075 2/11 $281,714.00 12/31/20 2.835% Qtr.
Blue Ridge Elec. #2617 2/14 $17,090,000.00 12/31/43 4.412% Qtr.
Cass County Electric #2518 2/15 $2,150,000.00 6/30/21 3.555% Qtr.
Codington-Clark Elec. #2838 2/15 $1,000,000.00 1/03/45 4.405% Qtr.
Nolin Rural Elec. #2553 2/15 $3,720,000.00 6/30/11 0.151% Qtr.
Santee Electric Coop. #2598 2/15 $5,000,000.00 4/02/12 0.367% Qtr.
Buckeye Power #2408 2/17 $36,628,000.00 12/31/37 4.049% Qtr.
Buckeye Power #2409 2/17 $31,478,000.00 12/31/37 4.049% Qtr.
Fox Islands Elec. Coop. #2702 2/17 $20,000.00 1/03/45 4.400% Qtr.
Partner Communications #2679 2/17 $209,340.00 1/03/28 3.627% Qtr.
Range Telephone #2783 2/17 $1,685,000.00 1/03/28 3.647% Qtr.
French Broad Elec. #2391 2/22 $2,000,000.00 12/31/42 4.361% Qtr.
Mon-Cre Telephone #2805 2/22 $164,841.00 6/30/11 0.123% Qtr.
Coop. Assn. Lake Cty #2412 2/23 $1,350,000.00 12/31/42 4.255% Qtr.
Grayson Rural Elec. #2741 2/23 $3,000,000.00 6/30/11 0.136% Qtr.
Northeast Oklahoma Elec. #2730 2/23 $7,978,047.12 12/31/43 4.281% Qtr.
Runestone Electric Ass. #2439 2/23 $1,000,000.00 6/30/11 0.136% Qtr.
Runestone Electric Ass. #2439 2/23 $1,000,000.00 12/31/42 4.255% Qtr.
United Elec. Coop. #2661 2/23 $8,000,000.00 12/31/43 4.281% Qtr.
W. Farmers Elec. Coop. #2424 2/23 $376,000.00 12/31/24 3.166% Qtr.
W. Farmers Elec. Coop. #2425 2/23 $2,134,000.00 12/31/40 4.199% Qtr.
Kamo Electric #2610 2/24 $12,000,000.00 1/03/39 4.129% Qtr.
North Arkansas Elec. #2279 2/24 $854,662.29 12/31/40 4.196% Qtr.
FTC Communications #2300 2/25 $3,715,085.00 6/30/11 0.139% Qtr.
M & A Electric #2334 2/25 $6,068,000.00 12/31/31 3.750% Qtr.
Sangre De Cristo Elec. #2820 2/25 $500,000.00 1/03/45 4.257% Qtr.
Tri-County Elec. Coop. #2347 2/25 $3,891,000.00 12/31/36 4.007% Qtr.
Associated Electric #2698 2/28 $35,292,490.99 1/03/45 4.221% Qtr.
Medina Electric #2841 2/28 $1,500,000.00 3/31/21 3.334% 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 February 28, 2011 January 31, 2011 2/01/11- 2/28/11 10/01/10- 2/28/11
Agency Debt
U.S. Postal Service $12,180.7 $11,980.7 $200.0 $180.7
National Credit Union Adm.-CLF $0.0 $0.0 $0.0 -$10,100.7
Federal Deposit Insurance Corp. $0.0 $0.0 $0.0 $0.0
HOPE for Homeowners Bonds      $493.0      $493.0        $0.0        $0.4
Subtotal* $12,673.7 $12,473.7 $200.0 -$9,919.6
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 $371.5 $405.1 -$33.7 -$45.8
DoEd-HBCU+ $632.9 $629.5 $3.4 $21.3
DOE-Adv Technology Vehicles Mfg $3,180.1 $2,987.4 $192.6 $712.6
DOE-Section 1703 (Non-Recovery) $0.0 $0.0 $0.0 $0.0
DOE-Section 1705 (Recovery) $881.6 $620.7 $260.9 $417.9
General Services Administration+ $1,936.0 $1,937.7 -$1.6 -$30.7
Rural Utilities Service $27,094.6 $26,872.5 $222.1 $1,188.6
Rural Utilities Service-GETP $3,000.0 $3,000.0 $0.0 $0.0
SBA-State/Local Development Cos. $1.2 $1.3 -$0.1 -$0.9
DOT-Section 511 $1.5 $1.5 $0.0 -$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* $37,104.1 $36,460.5 $643.6 $2,262.9
========= ========= ========= =========
Grand total* $52,135.7 $51,292.0 $843.6 -$7,656.7
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest