JUNE 2011 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of May 2011. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $54.5 billion on May 31, 2011, posting an increase of $659.1 million from the level on April 30, 2011. This net change was the result of increases in holdings of agency debt of $164.9 million and in net holdings of government-guaranteed loans of $494.2 million. The FFB made 118 disbursements and received one prepayment in the month of May. The FFB also reset the interest rate for one loan guaranteed by the Department of Education during the month.
|
MAY 2011 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 5/02 | $3,300,000,000.00 | 5/03/11 | 0.145% | S/A |
| U.S. Postal Service | 5/02 | $278,100,000.00 | 5/03/11 | 0.145% | S/A |
| U.S. Postal Service | 5/03 | $3,000,000,000.00 | 5/04/11 | 0.145% | S/A |
| U.S. Postal Service | 5/03 | $279,800,000.00 | 5/04/11 | 0.145% | S/A |
| U.S. Postal Service | 5/04 | $2,800,000,000.00 | 5/05/11 | 0.145% | S/A |
| U.S. Postal Service | 5/04 | $318,100,000.00 | 5/05/11 | 0.145% | S/A |
| U.S. Postal Service | 5/05 | $2,561,000,000.00 | 5/06/11 | 0.145% | S/A |
| U.S. Postal Service | 5/05 | $342,300,000.00 | 5/06/11 | 0.135% | S/A |
| U.S. Postal Service | 5/06 | $2,392,000,000.00 | 5/09/11 | 0.145% | S/A |
| U.S. Postal Service | 5/06 | $293,700,000.00 | 5/09/11 | 0.145% | S/A |
| U.S. Postal Service | 5/09 | $2,222,000,000.00 | 5/10/11 | 0.135% | S/A |
| U.S. Postal Service | 5/09 | $255,300,000.00 | 5/10/11 | 0.135% | S/A |
| U.S. Postal Service | 5/10 | $1,997,000,000.00 | 5/11/11 | 0.145% | S/A |
| U.S. Postal Service | 5/10 | $256,600,000.00 | 5/11/11 | 0.145% | S/A |
| U.S. Postal Service | 5/11 | $1,803,000,000.00 | 5/12/11 | 0.135% | S/A |
| U.S. Postal Service | 5/11 | $290,000,000.00 | 5/12/11 | 0.135% | S/A |
| U.S. Postal Service | 5/12 | $1,637,000,000.00 | 5/13/11 | 0.145% | S/A |
| U.S. Postal Service | 5/12 | $295,900,000.00 | 5/13/11 | 0.135% | S/A |
| U.S. Postal Service | 5/13 | $2,790,000,000.00 | 5/16/11 | 0.135% | S/A |
| U.S. Postal Service | 5/13 | $316,000,000.00 | 5/16/11 | 0.135% | S/A |
| U.S. Postal Service | 5/16 | $3,056,000,000.00 | 5/17/11 | 0.135% | S/A |
| U.S. Postal Service | 5/16 | $328,900,000.00 | 5/17/11 | 0.145% | S/A |
| U.S. Postal Service | 5/17 | $2,846,000,000.00 | 5/18/11 | 0.135% | S/A |
| U.S. Postal Service | 5/17 | $330,000,000.00 | 5/18/11 | 0.156% | S/A |
| U.S. Postal Service | 5/18 | $2,736,000,000.00 | 5/19/11 | 0.145% | S/A |
| U.S. Postal Service | 5/18 | $329,700,000.00 | 5/19/11 | 0.156% | S/A |
| U.S. Postal Service | 5/19 | $1,200,000,000.00 | 11/17/11 | 0.201% | S/A |
| U.S. Postal Service | 5/19 | $1,397,000,000.00 | 5/20/11 | 0.156% | S/A |
| U.S. Postal Service | 5/19 | $265,200,000.00 | 5/20/11 | 0.145% | S/A |
| U.S. Postal Service | 5/20 | $1,265,000,000.00 | 5/23/11 | 0.156% | S/A |
| U.S. Postal Service | 5/20 | $264,100,000.00 | 5/23/11 | 0.156% | S/A |
| U.S. Postal Service | 5/23 | $1,028,000,000.00 | 5/24/11 | 0.145% | S/A |
| U.S. Postal Service | 5/23 | $317,100,000.00 | 5/24/11 | 0.156% | S/A |
| U.S. Postal Service | 5/24 | $806,000,000.00 | 5/25/11 | 0.156% | S/A |
| U.S. Postal Service | 5/24 | $305,000,000.00 | 5/25/11 | 0.166% | S/A |
| U.S. Postal Service | 5/25 | $672,000,000.00 | 5/26/11 | 0.156% | S/A |
| U.S. Postal Service | 5/25 | $305,000,000.00 | 5/26/11 | 0.166% | S/A |
| U.S. Postal Service | 5/26 | $500,000,000.00 | 5/27/11 | 0.166% | S/A |
| U.S. Postal Service | 5/26 | $309,500,000.00 | 5/27/11 | 0.166% | S/A |
| U.S. Postal Service | 5/27 | $1,620,000,000.00 | 5/31/11 | 0.166% | S/A |
| U.S. Postal Service | 5/27 | $345,500,000.00 | 5/31/11 | 0.166% | S/A |
| U.S. Postal Service | 5/31 | $2,649,000,000.00 | 6/01/11 | 0.166% | S/A |
| U.S. Postal Service | 5/31 | $315,900,000.00 | 6/01/11 | 0.166% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-ADV TECHNOLOGY VEHICLES MFG | |||||
| Fisker Automotive, Inc. | 5/26 | $3,140,800.00 | 4/22/26 | 2.922% | Qtr. |
| Tesla Motors, Inc. | 5/26 | $1,876,552.00 | 9/16/19 | 1.973% | Qtr. |
| Tesla Motors, Inc. | 5/26 | $11,783,782.00 | 9/15/22 | 2.478% | Qtr. |
| DOE-SECTION 1705 (RECOVERY) | |||||
| Abound Solar Mfg. | 5/13 | $5,743,368.00 | 3/09/22 | 3.123% | Qtr. |
| Solyndra | 5/16 | $4,480,431.03 | 8/15/16 | 1.268% | Qtr. |
| Beacon | 5/27 | $1,549,921.96 | 6/17/30 | 3.154% | Qtr. |
| Kahuku Wind Power | 5/27 | $2,356,439.14 | 6/28/28 | 3.064% | Qtr. |
| Solar Partners VIII | 5/27 | $4,742,668.23 | 10/27/14 | 1.381% | S/A |
| Solar Partners VIII | 5/27 | $18,343,881.13 | 10/27/38 | 4.196% | S/A |
| Solar Partners I | 5/27 | $24,058,574.01 | 6/27/14 | 1.244% | S/A |
| Solar Partners II | 5/27 | $17,732,075.67 | 2/27/14 | 1.116% | S/A |
| Solar Partners II | 5/27 | $7,197,271.72 | 3/01/38 | 4.139% | S/A |
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 5/27 | $60,961.69 | 8/01/35 | 3.704% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Tuskegee Univ. | 5/02 | $2,000,000.00 | 11/01/11 | 0.115% | S/A |
| Bennett College | 5/10 | $372,735.34 | 10/01/27 | 3.803% | S/A |
| Bennett College | 5/17 | $524,341.01 | 4/03/28 | 3.804% | S/A |
| Bennett College | 5/17 | $232,335.77 | 10/03/11 | 0.055% | S/A |
| Harris Stowe State Univ. | 5/17 | $2,229,149.13 | 7/02/40 | 3.958% | S/A |
| Wiley College | 5/24 | $127,032.62 | 10/01/41 | 3.910% | S/A |
| Xavier University | 5/24 | $1,748,781.02 | 6/01/11 | 0.031% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Columbus Electric #2539 | 5/02 | $1,500,000.00 | 12/31/43 | 4.083% | Qtr. |
| Monroe County Elec. #2676 | 5/02 | $1,852,000.00 | 1/03/12 | 0.141% | Qtr. |
| Red River Valley #2881 | 5/02 | $3,000,000.00 | 1/03/45 | 4.110% | Qtr. |
| Rusk County Electric #2653 | 5/02 | $2,350,000.00 | 12/31/43 | 4.083% | Qtr. |
| Socorro Elec. #2906 | 5/03 | $3,032,000.00 | 1/02/46 | 4.114% | Qtr. |
| Baldwin County Elec. #2784 | 5/04 | $11,000,000.00 | 12/31/30 | 3.500% | Qtr. |
| Basin Electric #2877 | 5/04 | $138,662,000.00 | 12/31/30 | 3.504% | Qtr. |
| Bluestem Electric #2680 | 5/06 | $1,400,000.00 | 1/03/45 | 3.959% | Qtr. |
| Home Telephone Co. #2690 | 5/09 | $1,863,000.00 | 1/02/24 | 2.747% | Qtr. |
| Kamo Electric #2610 | 5/09 | $18,300,000.00 | 1/03/39 | 3.816% | Qtr. |
| Kamo Electric #2610 | 5/09 | $17,700,000.00 | 1/03/39 | 3.816% | Qtr. |
| Kennebec Telephone #2293 | 5/09 | $402,709.00 | 12/31/25 | 2.899% | Qtr. |
| Lea County Elec. Coop. #2567 | 5/11 | $10,000,000.00 | 7/02/12 | 0.215% | Qtr. |
| Coast Elec. Power #2545 | 5/12 | $7,324,000.00 | 10/01/12 | 0.314% | Qtr. |
| Crow Wing Cooperative #2640 | 5/12 | $1,800,000.00 | 9/30/11 | 0.052% | Qtr. |
| Dakota Valley Electric #2703 | 5/13 | $2,500,000.00 | 1/03/45 | 4.041% | Qtr. |
| Partner Communications #2679 | 5/13 | $213,392.00 | 1/03/28 | 3.201% | Qtr. |
| Wilkes Tel. Memb. Corp. #2333 | 5/13 | $4,005,000.00 | 12/31/25 | 3.007% | Qtr. |
| Franklin Rural Electric #2839 | 5/16 | $1,000,000.00 | 1/03/45 | 4.002% | Qtr. |
| Mountrail-Williams #2788 | 5/16 | $1,500,000.00 | 1/03/45 | 3.999% | Qtr. |
| Clearwater Power Co. #2668 | 5/17 | $1,000,000.00 | 12/31/43 | 3.933% | Qtr. |
| Firelands Elec. #2493 | 5/17 | $550,000.00 | 12/31/42 | 3.906% | Qtr. |
| Oneida-Madison Elec. #2856 | 5/17 | $245,000.00 | 1/03/45 | 3.802% | Qtr. |
| Tideland Electric #2573 | 5/18 | $2,500,000.00 | 9/30/16 | 1.889% | Qtr. |
| Tri-State E.M.C. #2427 | 5/18 | $1,000,000.00 | 10/01/18 | 2.482% | Qtr. |
| Central Elec. Coop. #2437 | 5/19 | $5,000,000.00 | 12/31/42 | 3.922% | Qtr. |
| Clay-Union Electric #2447 | 5/19 | $1,490,000.00 | 12/31/42 | 3.922% | Qtr. |
| Eagle Telephone System #2027 | 5/19 | $367,328.00 | 12/31/20 | 2.271% | Qtr. |
| Mon-Cre Telephone #2805 | 5/19 | $51,335.00 | 9/30/11 | 0.065% | Qtr. |
| Sangre De Cristo Elec. #2820 | 5/19 | $500,000.00 | 1/03/45 | 3.975% | Qtr. |
| People's Coop. Svcs #2694 | 5/23 | $1,500,000.00 | 12/31/43 | 3.948% | Qtr. |
| Sumter Elec Coop. Inc. #2554 | 5/23 | $38,500,000.00 | 12/31/43 | 3.784% | Qtr. |
| East Kentucky Power #2322 | 5/24 | $1,813,000.00 | 12/31/40 | 3.829% | Qtr. |
| East Kentucky Power #2531 | 5/24 | $12,668,000.00 | 12/31/40 | 3.829% | Qtr. |
| East Kentucky Power #2768 | 5/24 | $24,000,000.00 | 1/03/45 | 3.942% | Qtr. |
| High Plains #2924 | 5/24 | $9,300,000.00 | 1/02/46 | 3.813% | Qtr. |
| Lake Region Elec. #2921 | 5/24 | $5,000,000.00 | 1/02/46 | 3.968% | Qtr. |
| San Miguel Electric #2723 | 5/24 | $742,598.73 | 12/31/36 | 3.670% | Qtr. |
| Southwest Rural #2865 | 5/24 | $1,494,000.00 | 1/02/46 | 3.968% | Qtr. |
| KanOkla Telephone #2697 | 5/25 | $3,423,895.00 | 12/31/25 | 2.911% | Qtr. |
| Comanche County Elec. #2599 | 5/26 | $1,397,000.00 | 12/31/43 | 3.931% | Qtr. |
| Lake Region Elec. #2835 | 5/26 | $1,500,000.00 | 1/03/45 | 3.957% | Qtr. |
| Rappahannock Electric #2855 | 5/26 | $12,603,000.00 | 1/03/45 | 3.957% | Qtr. |
| Rappahannock Electric #2857 | 5/26 | $5,276,000.00 | 1/03/45 | 3.957% | Qtr. |
| Triangle Telephone Coop #2594 | 5/26 | $2,500,000.00 | 12/31/30 | 3.348% | Qtr. |
| United Elec. #2644 | 5/27 | $2,388,953.65 | 12/31/43 | 3.871% | Qtr. |
| Farmers Telecom. #2639 | 5/31 | $1,422,033.00 | 1/03/33 | 3.422% | Qtr. |
| KODIAK ELECTRIC ASSOCI #2795 | 5/31 | $3,700,000.00 | 1/03/39 | 3.724% | Qtr. |
| Lake Country Power #2885 | 5/31 | $5,300,000.00 | 9/30/11 | 0.073% | Qtr. |
| Lake Country Power #2885 | 5/31 | $5,300,000.00 | 9/30/11 | 0.073% | Qtr. |
| Lake Country Power #2885 | 5/31 | $5,300,000.00 | 9/30/11 | 0.073% | Qtr. |
| Lake Country Power #2885 | 5/31 | $5,300,000.00 | 9/30/11 | 0.073% | Qtr. |
| Lake Country Power #2885 | 5/31 | $5,300,000.00 | 9/30/11 | 0.073% | Qtr. |
| McLean Electric #2613 | 5/31 | $1,191,000.00 | 12/31/43 | 3.722% | Qtr. |
| Tipmont Rural Electric #2713 | 5/31 | $1,800,000.00 | 12/31/43 | 3.885% | Qtr. |
| Tri-County Elec Assoc #2379 | 5/31 | $1,555,000.00 | 12/31/42 | 3.857% | Qtr. |
S/A is a Semiannual rate
Qtr. is a Quarterly rate
* maturity extension or interest rate reset or principal rollover
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | May 31, 2011 | April 30, 2011 | 5/01/11- 5/31/11 | 10/01/10- 5/31/11 |
| Agency Debt | ||||
| U.S. Postal Service | $12,864.9 | $12,700.0 | $164.9 | $864.9 |
| 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 | $493.2 | $493.2 | $0.0 | $0.6 |
| Subtotal* | $13,358.1 | $13,193.2 | $164.9 | -$9,235.3 |
| Agency Assets | ||||
| Rural Utilities Service-CBO | $1,977.9 | $1,977.9 | $0.0 | -$380.0 |
| Subtotal* | $1,977.9 | $1,977.9 | $0.0 | -$380.0 |
| Government-Guaranteed Lending | ||||
| DOD-Foreign Military Sales | $348.5 | $353.6 | -$5.0 | -$68.7 |
| DoEd-HBCU+ | $655.4 | $650.3 | $5.0 | $43.7 |
| DOE-Adv Technology Vehicles Mfg | $3,799.2 | $3,782.4 | $16.8 | $1,331.8 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $1,437.9 | $1,351.7 | $86.2 | $974.2 |
| General Services Administration+ | $1,920.3 | $1,931.4 | -$11.1 | -$46.5 |
| Rural Utilities Service | $27,844.4 | $27,442.0 | $402.4 | $1,938.4 |
| Rural Utilities Service-GETP | $3,150.0 | $3,150.0 | $0.0 | $150.0 |
| SBA-State/Local Development Cos. | $0.8 | $0.9 | -$0.1 | -$1.3 |
| DOT-Section 511 | $1.4 | $1.4 | $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* | $39,162.6 | $38,668.4 | $494.2 | $4,321.5 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $54,498.6 | $53,839.5 | $659.1 | -$5,293.8 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |