AUGUST 2011 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of July 2011. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $55.7 billion on July 31, 2011, posting an increase of $348.9 million from the level on June 30, 2011. This net change was the result of a decrease in net holdings of agency debt of $408.5 million and an increase in net holdings of government-guaranteed loans of $757.4 million. The FFB made 127 disbursements and received 11 prepayments in the month of July. The FFB also reset the interest rate for one loan guaranteed by the Department of Education and 13 loans issued by the HOPE for Homeowners program during the month.
|
JULY 2011 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 7/01 | $1,580,000,000.00 | 7/05/11 | 0.135% | S/A |
| U.S. Postal Service | 7/01 | $395,400,000.00 | 7/05/11 | 0.135% | S/A |
| U.S. Postal Service | 7/05 | $1,348,000,000.00 | 7/06/11 | 0.135% | S/A |
| U.S. Postal Service | 7/05 | $371,300,000.00 | 7/06/11 | 0.135% | S/A |
| U.S. Postal Service | 7/06 | $1,041,000,000.00 | 7/07/11 | 0.135% | S/A |
| U.S. Postal Service | 7/06 | $296,000,000.00 | 7/07/11 | 0.135% | S/A |
| U.S. Postal Service | 7/07 | $904,000,000.00 | 7/08/11 | 0.135% | S/A |
| U.S. Postal Service | 7/07 | $239,700,000.00 | 7/08/11 | 0.156% | S/A |
| U.S. Postal Service | 7/08 | $1,900,000,000.00 | 7/11/11 | 0.135% | S/A |
| U.S. Postal Service | 7/08 | $288,900,000.00 | 7/11/11 | 0.156% | S/A |
| U.S. Postal Service | 7/11 | $2,100,000,000.00 | 7/12/11 | 0.156% | S/A |
| U.S. Postal Service | 7/11 | $275,500,000.00 | 7/12/11 | 0.145% | S/A |
| U.S. Postal Service | 7/12 | $1,889,000,000.00 | 7/13/11 | 0.156% | S/A |
| U.S. Postal Service | 7/12 | $260,200,000.00 | 7/13/11 | 0.135% | S/A |
| U.S. Postal Service | 7/13 | $800,000,000.00 | 9/15/11 | 0.148% | S/A |
| U.S. Postal Service | 7/13 | $300,000,000.00 | 9/15/11 | 0.148% | S/A |
| U.S. Postal Service | 7/13 | $700,000,000.00 | 7/14/11 | 0.145% | S/A |
| U.S. Postal Service | 7/13 | $230,000,000.00 | 7/14/11 | 0.135% | S/A |
| U.S. Postal Service | 7/14 | $500,000,000.00 | 7/15/11 | 0.135% | S/A |
| U.S. Postal Service | 7/14 | $265,700,000.00 | 7/15/11 | 0.135% | S/A |
| U.S. Postal Service | 7/15 | $2,548,000,000.00 | 7/18/11 | 0.135% | S/A |
| U.S. Postal Service | 7/15 | $293,500,000.00 | 7/18/11 | 0.145% | S/A |
| U.S. Postal Service | 7/18 | $2,362,000,000.00 | 7/19/11 | 0.135% | S/A |
| U.S. Postal Service | 7/18 | $290,900,000.00 | 7/19/11 | 0.135% | S/A |
| U.S. Postal Service | 7/19 | $2,100,000,000.00 | 7/20/11 | 0.145% | S/A |
| U.S. Postal Service | 7/19 | $309,800,000.00 | 7/20/11 | 0.145% | S/A |
| U.S. Postal Service | 7/20 | $1,944,000,000.00 | 7/21/11 | 0.135% | S/A |
| U.S. Postal Service | 7/20 | $306,600,000.00 | 7/21/11 | 0.135% | S/A |
| U.S. Postal Service | 7/21 | $1,786,000,000.00 | 7/22/11 | 0.145% | S/A |
| U.S. Postal Service | 7/21 | $298,900,000.00 | 7/22/11 | 0.166% | S/A |
| U.S. Postal Service | 7/22 | $2,818,000,000.00 | 7/25/11 | 0.135% | S/A |
| U.S. Postal Service | 7/22 | $318,400,000.00 | 7/25/11 | 0.176% | S/A |
| U.S. Postal Service | 7/25 | $3,054,000,000.00 | 7/26/11 | 0.166% | S/A |
| U.S. Postal Service | 7/25 | $294,600,000.00 | 7/26/11 | 0.176% | S/A |
| U.S. Postal Service | 7/26 | $2,875,000,000.00 | 7/27/11 | 0.176% | S/A |
| U.S. Postal Service | 7/26 | $274,500,000.00 | 7/27/11 | 0.196% | S/A |
| U.S. Postal Service | 7/27 | $2,717,000,000.00 | 7/28/11 | 0.176% | S/A |
| U.S. Postal Service | 7/27 | $324,600,000.00 | 7/28/11 | 0.206% | S/A |
| U.S. Postal Service | 7/28 | $2,568,000,000.00 | 7/29/11 | 0.196% | S/A |
| U.S. Postal Service | 7/28 | $291,800,000.00 | 7/29/11 | 0.227% | S/A |
| U.S. Postal Service | 7/29 | $3,219,000,000.00 | 8/01/11 | 0.206% | S/A |
| U.S. Postal Service | 7/29 | $264,400,000.00 | 8/01/11 | 0.298% | S/A |
| HOPE FOR HOMEOWNERS | |||||
| *HOPE Bonds | 7/15 | $29,535,000.00 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $62,028.36 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $1,084,546.89 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $145,483.86 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $209,680.01 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $461,000,000.00 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $226,957.01 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $89,335.75 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $61,915.09 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $198,881.68 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $189,973.48 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $183,417.52 | 10/17/11 | 0.010% | Qtr. |
| *HOPE Bonds | 7/15 | $178,609.95 | 10/17/11 | 0.010% | Qtr. |
| HOPE Bonds | 7/15 | $88,526.63 | 10/17/11 | 0.010% | Qtr. |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-ADV TECHNOLOGY VEHICLES MFG | |||||
| Ford Motor Company | 7/26 | $131,300,000.00 | 6/15/22 | 2.245% | Qtr. |
| Ford Motor Company | 7/26 | $31,500,000.00 | 6/15/22 | 2.245% | Qtr. |
| DOE-SECTION 1705 (RECOVERY) | |||||
| Solyndra | 7/14 | $2,965,920.08 | 8/15/16 | 0.885% | Qtr. |
| Abound Solar Mfg. | 7/15 | $12,490,856.00 | 3/09/22 | 2.777% | Qtr. |
| Kahuku Wind Power | 7/28 | $69,455.34 | 6/28/28 | 3.000% | Qtr. |
| Solar Partners VIII | 7/28 | $22,134,268.82 | 10/27/38 | 4.194% | S/A |
| Solar Partners I | 7/28 | $25,917,004.50 | 6/27/33 | 3.924% | S/A |
| Solar Partners II | 7/28 | $29,398,669.49 | 3/01/38 | 4.133% | S/A |
| Beacon | 7/29 | $147,672.73 | 6/17/30 | 3.074% | Qtr. |
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 7/07 | $124,357.26 | 8/01/35 | 3.802% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Clark Atlanta University | 7/01 | $9,256,385.32 | 1/03/12 | 0.105% | S/A |
| Bennett College | 7/11 | $519,269.32 | 10/02/28 | 3.809% | S/A |
| Harris Stowe State Univ. | 7/19 | $1,390,241.61 | 7/02/40 | 3.888% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Beartooth Elec. Coop. #2462 | 7/01 | $250,000.00 | 12/31/42 | 3.995% | Qtr. |
| Caddo Elec. Coop. #2904 | 7/01 | $6,275,000.00 | 1/02/46 | 4.075% | Qtr. |
| Frontier Power #2710 | 7/01 | $1,761,000.00 | 12/31/43 | 4.023% | Qtr. |
| GOLDEN VALLEY ASSOC. #2755 | 7/01 | $14,142,000.00 | 1/03/40 | 3.894% | Qtr. |
| Kennebec Telephone #2293 | 7/01 | $89,428.00 | 12/31/25 | 2.869% | Qtr. |
| Menard Elec. #2605 | 7/01 | $1,000,000.00 | 10/01/18 | 2.478% | Qtr. |
| Osage Valley Elec Coop #2949 | 7/01 | $6,400,000.00 | 1/02/46 | 3.911% | Qtr. |
| Partner Communications #2679 | 7/01 | $1,400,000.00 | 1/03/28 | 3.162% | Qtr. |
| Range Telephone #2783 | 7/01 | $584,000.00 | 1/03/28 | 3.173% | Qtr. |
| Wild Rice Elec. #2595 | 7/01 | $1,000,000.00 | 12/31/43 | 4.023% | Qtr. |
| Central Power Elec. #2529 | 7/05 | $9,389,000.00 | 1/03/12 | 0.105% | Qtr. |
| East Texas Elec Coop Inc #2954 | 7/05 | $129,516,740.00 | 12/31/40 | 3.960% | Qtr. |
| Hawkeye Tri-County Elec. #2930 | 7/05 | $3,258,000.00 | 1/02/46 | 3.931% | Qtr. |
| Howard Electric #2797 | 7/05 | $1,200,000.00 | 9/30/21 | 3.139% | Qtr. |
| Northeast Texas Electric #2955 | 7/05 | $90,171,402.00 | 12/31/40 | 3.960% | Qtr. |
| Washington Electric #2559 | 7/05 | $1,230,000.00 | 12/31/43 | 3.874% | Qtr. |
| Covington Electric Coop. #2490 | 7/06 | $8,000,000.00 | 1/03/39 | 3.848% | Qtr. |
| Consolidated Tel. Co. #2774 | 7/07 | $2,100,000.00 | 9/30/27 | 3.260% | Qtr. |
| C & L Electric #2935 | 7/08 | $6,000,000.00 | 1/02/46 | 4.066% | Qtr. |
| Baltic Telecom Coop. #810 | 7/11 | $772,529.00 | 12/31/19 | 1.793% | Qtr. |
| Ozark Electric #2918 | 7/11 | $2,500,000.00 | 1/02/46 | 3.955% | Qtr. |
| Sumter Elec. #2823 | 7/11 | $2,500,000.00 | 1/03/45 | 3.928% | Qtr. |
| Canoochee Elec. #2514 | 7/12 | $1,600,000.00 | 12/31/42 | 3.789% | Qtr. |
| Carroll Elec Coop Corp #2922 | 7/12 | $16,500,000.00 | 1/02/46 | 3.873% | Qtr. |
| Chariton Valley #2828 | 7/12 | $2,000,000.00 | 1/03/45 | 3.847% | Qtr. |
| Cherry-Todd Electric #2721 | 7/12 | $1,438,000.00 | 12/31/43 | 3.818% | Qtr. |
| Cullman Electric Coop. #2406 | 7/12 | $5,000,000.00 | 12/31/37 | 3.594% | Qtr. |
| FEM Electric #2925 | 7/12 | $1,075,000.00 | 1/02/46 | 3.873% | Qtr. |
| Fleming-Mason Energy #2515 | 7/12 | $2,000,000.00 | 1/03/12 | 0.066% | Qtr. |
| Holmes-Wayne Elec. #2859 | 7/12 | $2,000,000.00 | 1/02/46 | 3.873% | Qtr. |
| Indian Electric #2583 | 7/12 | $7,000,000.00 | 12/31/43 | 3.818% | Qtr. |
| Excelsior Elec. #2541 | 7/14 | $2,600,000.00 | 12/31/43 | 3.784% | Qtr. |
| Plumas-Sierra Elec. #2742 | 7/14 | $2,262,603.00 | 1/03/45 | 3.642% | Qtr. |
| E. Iowa Coop. #2808 | 7/18 | $10,000,000.00 | 12/31/43 | 3.858% | Qtr. |
| Fox Islands Elec. Coop. #2702 | 7/18 | $90,000.00 | 1/03/45 | 3.884% | Qtr. |
| Lewis County RECA #2832 | 7/18 | $1,000,000.00 | 12/31/41 | 3.795% | Qtr. |
| Randolph Electric #2907 | 7/18 | $7,900,000.00 | 1/03/12 | 0.046% | Qtr. |
| West Central Electric #2441 | 7/18 | $950,000.00 | 1/03/12 | 0.046% | Qtr. |
| Washington Electric #2809 | 7/18 | $500,000.00 | 1/03/45 | 3.886% | Qtr. |
| Bartlett Elec. #2469 | 7/21 | $373,500.00 | 12/31/42 | 3.825% | Qtr. |
| Bartlett Elec. #2824 | 7/21 | $694,164.06 | 1/03/45 | 3.885% | Qtr. |
| Meade County Elec. #2843 | 7/21 | $5,000,000.00 | 12/31/12 | 0.283% | Qtr. |
| Grundy Elec. Coop. #2944 | 7/22 | $350,000.00 | 1/03/12 | 0.083% | Qtr. |
| Lackawaxen Tel. Ser. Inc #2281 | 7/22 | $482,000.00 | 6/30/21 | 2.152% | Qtr. |
| Planters Electric #2888 | 7/22 | $4,000,000.00 | 1/03/45 | 3.947% | Qtr. |
| Sedgwick County Elec. #2811 | 7/22 | $1,000,000.00 | 1/03/45 | 3.945% | Qtr. |
| Tri-State #2298 | 7/22 | $19,474,000.00 | 12/31/37 | 3.687% | Qtr. |
| Tri-State #2606 | 7/22 | $75,000.00 | 1/03/40 | 3.776% | Qtr. |
| Trico Electric Coop. #2402 | 7/22 | $15,000,000.00 | 12/31/36 | 3.638% | Qtr. |
| Benton Rural Electric #2752 | 7/25 | $700,000.00 | 1/03/45 | 3.893% | Qtr. |
| Lumbee River Elec. #2363 | 7/25 | $10,000,000.00 | 12/31/42 | 3.836% | Qtr. |
| Lyon-Lincoln Electric #2813 | 7/25 | $2,600,000.00 | 1/03/45 | 3.895% | Qtr. |
| South Miss. Elec. #2714 | 7/25 | $41,600,000.00 | 12/31/40 | 3.766% | Qtr. |
| Victory Electric #2510 | 7/25 | $2,329,350.00 | 12/31/42 | 3.836% | Qtr. |
| Victory Electric #2551 | 7/25 | $1,664,200.00 | 12/31/37 | 3.637% | Qtr. |
| Western Indiana #2367 | 7/25 | $1,000,000.00 | 12/31/42 | 3.836% | Qtr. |
| West River Elec. #2731 | 7/25 | $6,602,000.00 | 1/03/45 | 3.893% | Qtr. |
| Cumberland Valley #2358 | 7/26 | $4,000,000.00 | 1/03/12 | 0.087% | Qtr. |
| Central Electric Coop. #2633 | 7/26 | $700,000.00 | 1/03/12 | 0.087% | Qtr. |
| East Central Energy #2472 | 7/26 | $3,708,000.00 | 12/31/42 | 3.888% | Qtr. |
| Verendrye Elec. #2451 | 7/26 | $647,000.00 | 12/31/42 | 3.888% | Qtr. |
| Harrison County Rural #2726 | 7/27 | $1,000,000.00 | 1/03/45 | 3.910% | Qtr. |
| Concordia Electric #2957 | 7/28 | $3,594,138.00 | 1/02/46 | 3.952% | Qtr. |
| Craighead Electric Coop #2743 | 7/28 | $9,825,000.00 | 1/03/45 | 3.922% | Qtr. |
| Owen Electric #2691 | 7/28 | $3,750,000.00 | 12/31/43 | 3.894% | Qtr. |
| Wilkes Tele. & Elec. #851 | 7/28 | $130,901.00 | 12/31/18 | 1.557% | Qtr. |
| Crawford Elec Coop, Inc #2858 | 7/29 | $5,000,000.00 | 1/02/46 | 3.924% | Qtr. |
| Dairyland Power #2607 | 7/29 | $1,296,000.00 | 1/03/34 | 3.421% | Qtr. |
| Gascosage Electric #2466 | 7/29 | $1,377,000.00 | 12/31/37 | 3.637% | Qtr. |
| Roosevelt County Elec. #2861 | 7/29 | $1,052,307.49 | 1/03/45 | 3.898% | Qtr. |
| Sho-Me Power #2615 | 7/29 | $2,500,000.00 | 12/31/43 | 3.867% | Qtr. |
| Springer Electric Coop. #2421 | 7/29 | $1,000,000.00 | 12/31/42 | 3.837% | 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 | July 31, 2011 | June 30, 2011 | 7/01/11- 7/31/11 | 10/01/10- 7/31/11 |
| Agency Debt | ||||
| U.S. Postal Service | $12,283.4 | $12,692.0 | -$408.6 | $283.4 |
| 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 | $493.3 | $493.2 | $0.1 | $0.6 |
| Subtotal* | $12,776.7 | $13,185.2 | -$408.5 | -$9,816.7 |
| 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 | $345.0 | $345.0 | $0.0 | -$72.2 |
| DoEd-HBCU+ | $704.5 | $705.1 | -$0.6 | $92.8 |
| DOE-Adv Technology Vehicles Mfg | $4,419.0 | $4,256.2 | $162.8 | $1,951.6 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $1,624.3 | $1,531.2 | $93.1 | $1,160.7 |
| General Services Administration+ | $1,913.4 | $1,917.2 | -$3.8 | -$53.3 |
| Rural Utilities Service | $28,807.8 | $28,301.9 | $506.0 | $2,901.9 |
| Rural Utilities Service-GETP | $3,150.0 | $3,150.0 | $0.0 | $150.0 |
| SBA-State/Local Development Cos. | $0.6 | $0.7 | -$0.1 | -$1.5 |
| DOT-Section 511 | $1.3 | $1.3 | $0.0 | -$0.2 |
| 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* | $40,970.9 | $40,213.5 | $757.4 | $6,129.7 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $55,725.4 | $55,376.5 | $348.9 | -$4,067.0 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |