NOVEMBER 2011 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of October 2011. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $58.4 billion on October 31, 2011, posting an increase of $865.6 million from the level on September 30, 2011. This net change was the result of increases in net holdings of agency debt of $84.9 million and government-guaranteed loans of $780.7 million. The FFB made 129 disbursements and received 7 prepayments in the month of October. The FFB also extended the maturities of 5 loans guaranteed by the Rural Utilities Service ("RUS") and reset the interest rate for 14 loans issued by the HOPE for Homeowners program, and 20 loans guaranteed by the Department of Education during the month. Attached to this release are tables presenting FFB October loan activity and FFB holdings as of October 31, 2011. |
OCTOBER 2011 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 10/03 | $1,683,000,000.00 | 10/04/11 | 0.125% | S/A |
| U.S. Postal Service | 10/03 | $429,000,000.00 | 10/04/11 | 0.135% | S/A |
| U.S. Postal Service | 10/04 | $1,432,000,000.00 | 10/05/11 | 0.145% | S/A |
| U.S. Postal Service | 10/04 | $238,800,000.00 | 10/05/11 | 0.135% | S/A |
| U.S. Postal Service | 10/05 | $1,200,000,000.00 | 10/06/11 | 0.135% | S/A |
| U.S. Postal Service | 10/05 | $268,900,000.00 | 10/06/11 | 0.125% | S/A |
| U.S. Postal Service | 10/06 | $1,000,000,000.00 | 10/07/11 | 0.135% | S/A |
| U.S. Postal Service | 10/06 | $251,300,000.00 | 10/07/11 | 0.135% | S/A |
| U.S. Postal Service | 10/07 | $800,000,000.00 | 10/11/11 | 0.125% | S/A |
| U.S. Postal Service | 10/07 | $240,100,000.00 | 10/11/11 | 0.135% | S/A |
| U.S. Postal Service | 10/11 | $532,000,000.00 | 10/12/11 | 0.135% | S/A |
| U.S. Postal Service | 10/11 | $233,300,000.00 | 10/12/11 | 0.135% | S/A |
| U.S. Postal Service | 10/12 | $200,000,000.00 | 10/13/11 | 0.135% | S/A |
| U.S. Postal Service | 10/12 | $273,500,000.00 | 10/13/11 | 0.135% | S/A |
| U.S. Postal Service | 10/13 | $324,200,000.00 | 10/14/11 | 0.145% | S/A |
| U.S. Postal Service | 10/14 | $2,400,000,000.00 | 10/17/11 | 0.135% | S/A |
| U.S. Postal Service | 10/14 | $219,900,000.00 | 10/17/11 | 0.145% | S/A |
| U.S. Postal Service | 10/17 | $2,500,000,000.00 | 10/18/11 | 0.145% | S/A |
| U.S. Postal Service | 10/17 | $318,600,000.00 | 10/18/11 | 0.145% | S/A |
| U.S. Postal Service | 10/18 | $2,211,000,000.00 | 10/19/11 | 0.145% | S/A |
| U.S. Postal Service | 10/18 | $340,500,000.00 | 10/19/11 | 0.145% | S/A |
| U.S. Postal Service | 10/19 | $2,155,000,000.00 | 10/20/11 | 0.145% | S/A |
| U.S. Postal Service | 10/19 | $243,600,000.00 | 10/20/11 | 0.135% | S/A |
| U.S. Postal Service | 10/20 | $3,260,000,000.00 | 10/21/11 | 0.145% | S/A |
| U.S. Postal Service | 10/20 | $264,000,000.00 | 10/21/11 | 0.145% | S/A |
| U.S. Postal Service | 10/21 | $3,047,000,000.00 | 10/24/11 | 0.135% | S/A |
| U.S. Postal Service | 10/21 | $287,700,000.00 | 10/24/11 | 0.135% | S/A |
| U.S. Postal Service | 10/24 | $2,850,000,000.00 | 10/25/11 | 0.145% | S/A |
| U.S. Postal Service | 10/24 | $304,100,000.00 | 10/25/11 | 0.135% | S/A |
| U.S. Postal Service | 10/25 | $2,530,000,000.00 | 10/26/11 | 0.135% | S/A |
| U.S. Postal Service | 10/25 | $355,400,000.00 | 10/26/11 | 0.135% | S/A |
| U.S. Postal Service | 10/26 | $2,360,000,000.00 | 10/27/11 | 0.135% | S/A |
| U.S. Postal Service | 10/26 | $352,200,000.00 | 10/27/11 | 0.135% | S/A |
| U.S. Postal Service | 10/27 | $2,200,000,000.00 | 10/28/11 | 0.135% | S/A |
| U.S. Postal Service | 10/27 | $332,600,000.00 | 10/28/11 | 0.145% | S/A |
| U.S. Postal Service | 10/28 | $3,200,000,000.00 | 10/31/11 | 0.135% | S/A |
| U.S. Postal Service | 10/28 | $367,200,000.00 | 10/31/11 | 0.145% | S/A |
| U.S. Postal Service | 10/31 | $700,000,000.00 | 1/17/12 | 0.145% | S/A |
| U.S. Postal Service | 10/31 | $500,000,000.00 | 4/26/12 | 0.186% | S/A |
| U.S. Postal Service | 10/31 | $3,100,000,000.00 | 11/01/11 | 0.145% | S/A |
| U.S. Postal Service | 10/31 | $284,900,000.00 | 11/01/11 | 0.145% | S/A |
| HOPE FOR HOMEOWNERS | |||||
| *HOPE Bonds | 10/17 | $29,535,000.00 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $62,028.36 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $1,084,546.89 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $145,483.86 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $209,680.01 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $461,000,000.00 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $226,957.01 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $89,335.75 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $61,915.09 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $198,881.68 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $189,973.48 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $183,417.52 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $178,609.95 | 1/17/12 | 0.021% | Qtr. |
| *HOPE Bonds | 10/17 | $88,526.63 | 1/17/12 | 0.021% | Qtr. |
| HOPE Bonds | 10/17 | $12,702.98 | 1/17/12 | 0.021% | Qtr. |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-ADV TECHNOLOGY VEHICLES MFG | |||||
| Ford Motor Company | 10/25 | $113,500,000.00 | 6/15/22 | 1.625% | Qtr. |
| Ford Motor Company | 10/25 | $31,800,000.00 | 6/15/22 | 1.625% | Qtr. |
| DOE-SECTION 1705 (RECOVERY) | |||||
| Record Hill Wind LLC | 10/03 | $6,761,304.57 | 4/27/12 | 0.446% | Qtr. |
| Solar Partners VIII | 10/03 | $20,670,674.31 | 10/27/38 | 2.918% | S/A |
| Solar Partners I | 10/03 | $18,445,527.83 | 6/27/33 | 2.721% | S/A |
| Solar Partners II | 10/03 | $27,303,926.01 | 3/01/38 | 2.880% | S/A |
| Beacon | 10/13 | $358,103.55 | 6/17/30 | 2.312% | Qtr. |
| Great Basin Transmission | 10/14 | $1,579,338.00 | 9/28/40 | 3.092% | Qtr. |
| USG OREGON, LLC | 10/27 | $3,600,026.18 | 2/12/35 | 2.918% | S/A |
| Solar Partners VIII | 10/28 | $17,653,646.19 | 10/27/38 | 3.426% | S/A |
| Solar Partners I | 10/28 | $20,842,752.86 | 6/27/33 | 3.210% | S/A |
| Solar Partners II | 10/28 | $22,824,402.72 | 3/01/38 | 3.380% | S/A |
| Tonopah | 10/28 | $31,306,308.14 | 12/22/36 | 3.429% | S/A |
| Agua Caliente | 10/31 | $9,817,025.83 | 4/06/37 | 3.202% | Qtr. |
| DEPARTMENT OF EDUCATION | |||||
| *Bennett College | 10/03 | $292,003.69 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $162,845.04 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $398,209.65 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $68,188.73 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $111,914.52 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $337,700.82 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $500,845.60 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $509,385.50 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $512,161.16 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $750,980.16 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $792,394.66 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $595,311.72 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $637,769.43 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $840,978.72 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $830,854.03 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $852,306.73 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $731,149.12 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $935,013.39 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $232,335.77 | 4/02/12 | 0.062% | S/A |
| *Bennett College | 10/03 | $369,114.39 | 4/02/12 | 0.062% | S/A |
| Bennett College | 10/18 | $538,375.95 | 4/02/12 | 0.057% | S/A |
| Harris Stowe State Univ. | 10/18 | $723,379.16 | 7/02/40 | 2.793% | S/A |
| Wiley College | 10/28 | $383,185.18 | 10/01/41 | 3.082% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Canadian Valley Elec. #2500 | 10/03 | $2,600,000.00 | 12/31/42 | 2.570% | Qtr. |
| Oglethorpe Power #2278 | 10/03 | $855,743.00 | 12/31/36 | 2.390% | Qtr. |
| Oglethorpe Power #2436 | 10/03 | $52,417,974.00 | 12/31/42 | 2.570% | Qtr. |
| Oglethorpe Power #2806 | 10/03 | $16,920,521.00 | 12/31/43 | 2.593% | Qtr. |
| Ozark Border Elec Coop #2844 | 10/03 | $5,000,000.00 | 1/03/45 | 2.614% | Qtr. |
| United Elec. #2644 | 10/03 | $2,936,137.67 | 12/31/43 | 2.593% | Qtr. |
| Clearwater Power Co. #2668 | 10/04 | $1,000,000.00 | 12/31/43 | 2.451% | Qtr. |
| Great Lakes Energy #2470 | 10/04 | $4,163,000.00 | 12/31/42 | 2.429% | Qtr. |
| Meeker Cooperative #2504 | 10/04 | $5,000,000.00 | 12/31/42 | 2.429% | Qtr. |
| Orange County Elec. #2736 | 10/04 | $2,000,000.00 | 4/02/12 | 0.060% | Qtr. |
| South Central Elec. #2965 | 10/04 | $7,400,000.00 | 1/02/46 | 2.493% | Qtr. |
| Blue Ridge Elec. #2617 | 10/05 | $19,000,000.00 | 12/31/43 | 2.467% | Qtr. |
| Duck River E.M.C. #2663 | 10/05 | $5,000,000.00 | 12/31/43 | 2.467% | Qtr. |
| Farber Tele. Co. #2818 | 10/05 | $120,588.00 | 9/30/21 | 1.642% | Qtr. |
| Garden Valley Telephone #2901 | 10/05 | $2,195,000.00 | 1/03/33 | 2.110% | Qtr. |
| Range Telephone #2783 | 10/05 | $1,542,965.00 | 1/03/28 | 1.823% | Qtr. |
| S.E. Nebraska Comm. #2827 | 10/05 | $483,000.00 | 4/02/12 | 0.040% | Qtr. |
| Sumter Elec. #2823 | 10/05 | $2,500,000.00 | 1/03/45 | 2.488% | Qtr. |
| Woodstock #2801 | 10/05 | $939,413.00 | 12/31/30 | 1.962% | Qtr. |
| Brazos Electric #2608 | 10/06 | $12,937,000.00 | 4/02/12 | 0.029% | Qtr. |
| Brazos Electric #2608 | 10/06 | $17,681,000.00 | 4/02/12 | 0.029% | Qtr. |
| Mon-Cre Telephone #2805 | 10/06 | $123,896.00 | 4/02/12 | 0.029% | Qtr. |
| Cent. Alabama Elec. Coop #2543 | 10/07 | $21,213,000.00 | 12/31/42 | 2.625% | Qtr. |
| Farmers Mutual dba OmniTel #29 | 10/07 | $3,954,395.00 | 12/31/29 | 2.133% | Qtr. |
| Farmers Mutual dba OmniTel #29 | 10/07 | $2,783,538.00 | 1/03/17 | 0.645% | Qtr. |
| Valley Telecom #2592 | 10/07 | $2,390,397.00 | 1/03/17 | 1.005% | Qtr. |
| Duck River E.M.C. #2663 | 10/11 | $12,500,000.00 | 12/31/43 | 2.723% | Qtr. |
| Hawkeye Tri-County Elec. #2930 | 10/11 | $3,365,000.00 | 1/02/46 | 2.676% | Qtr. |
| Holmes-Wayne Elec. #2859 | 10/11 | $1,400,000.00 | 1/02/46 | 2.763% | Qtr. |
| Middle Georgia Electric #2977 | 10/11 | $2,000,000.00 | 1/02/46 | 2.763% | Qtr. |
| Peace River Electric #2534 | 10/11 | $17,903,000.00 | 12/31/42 | 2.700% | Qtr. |
| Pennyrile Elec. #2467 | 10/11 | $8,000,000.00 | 12/31/42 | 2.700% | Qtr. |
| Satilla Electric #2645 | 10/11 | $20,000,000.00 | 12/31/42 | 2.700% | Qtr. |
| TILLAMOOK #2980 | 10/11 | $7,000,000.00 | 1/02/35 | 2.459% | Qtr. |
| Owen Electric #2691 | 10/12 | $4,500,000.00 | 12/31/43 | 2.806% | Qtr. |
| Cloverland #2933 | 10/14 | $63,347,000.00 | 1/02/46 | 2.878% | Qtr. |
| DIXIE EMC #2753 | 10/14 | $40,000,000.00 | 1/03/45 | 2.856% | Qtr. |
| Kalona Cooperative #2659 | 10/14 | $565,191.00 | 1/02/29 | 2.175% | Qtr. |
| Tri-County Tel Assoc #2681 | 10/14 | $1,254,215.00 | 4/02/12 | 0.047% | Qtr. |
| Wash.-St. Tammany Elec. #2887 | 10/14 | $30,000,000.00 | 1/03/45 | 2.858% | Qtr. |
| Butler Cnty Rural Elec #2769 | 10/17 | $1,000,000.00 | 4/01/13 | 0.180% | Qtr. |
| Codington-Clark Elec. #2838 | 10/17 | $1,000,000.00 | 1/03/45 | 2.923% | Qtr. |
| Cherry-Todd Electric #2721 | 10/17 | $509,000.00 | 12/31/43 | 2.802% | Qtr. |
| Central Electric Coop. #2633 | 10/17 | $1,102,000.00 | 12/31/43 | 2.900% | Qtr. |
| FEM Electric #2925 | 10/17 | $675,000.00 | 1/02/46 | 2.943% | Qtr. |
| Jackson Elec. Membership #2376 | 10/17 | $10,204,000.00 | 12/31/42 | 2.878% | Qtr. |
| Thumb Electric #2461 | 10/17 | $1,000,000.00 | 4/02/12 | 0.057% | Qtr. |
| Hamilton County Elec. #2596 | 10/18 | $1,100,000.00 | 12/31/43 | 2.816% | Qtr. |
| Oconto Electric #2966 | 10/18 | $1,967,000.00 | 1/02/46 | 2.861% | Qtr. |
| South Alabama Electric #2523 | 10/20 | $6,240,000.00 | 12/31/42 | 2.817% | Qtr. |
| Associated Electric #2791 | 10/21 | $63,636,804.04 | 12/31/40 | 2.780% | Qtr. |
| Firelands Elec. #2493 | 10/24 | $550,000.00 | 12/31/42 | 2.898% | Qtr. |
| Harrison County Rural #2726 | 10/24 | $1,000,000.00 | 4/02/12 | 0.045% | Qtr. |
| Kalona Cooperative #2659 | 10/24 | $813,277.00 | 1/02/29 | 2.214% | Qtr. |
| Ark Valley Elec Coop #2621 | 10/25 | $3,623,000.00 | 12/31/43 | 2.934% | Qtr. |
| Columbia Power Coop. #2449 | 10/25 | $2,467,000.00 | 12/31/42 | 2.909% | Qtr. |
| East River Power #2350 | 10/25 | $5,918,000.00 | 12/31/42 | 2.909% | Qtr. |
| Meade County Elec. #2843 | 10/25 | $3,750,000.00 | 1/03/45 | 2.959% | Qtr. |
| Public Utility District #2786 | 10/25 | $3,880,000.00 | 1/03/45 | 2.853% | Qtr. |
| Victory Electric #2510 | 10/25 | $2,182,150.00 | 12/31/42 | 2.909% | Qtr. |
| Victory Electric #2551 | 10/25 | $2,240,000.00 | 12/31/37 | 2.749% | Qtr. |
| Comanche County Elec. #2599 | 10/27 | $2,208,000.00 | 12/31/43 | 2.888% | Qtr. |
| Crow Wing Cooperative #2640 | 10/27 | $1,000,000.00 | 4/02/12 | 0.051% | Qtr. |
| Darke Rural Elec. Coop. #2377 | 10/27 | $975,000.00 | 4/02/12 | 0.051% | Qtr. |
| GOLDEN VALLEY ASSOC. #2755 | 10/27 | $4,553,000.00 | 1/03/40 | 2.775% | Qtr. |
| Northern Plains Elec. #2751 | 10/27 | $2,500,000.00 | 1/03/45 | 2.910% | Qtr. |
| San Isabel Elec. #495 | 10/27 | $4,599,000.00 | 12/31/42 | 2.864% | Qtr. |
| Singing River Electric #2704 | 10/27 | $4,300,000.00 | 12/31/26 | 2.103% | Qtr. |
| Washington Electric #2809 | 10/27 | $500,000.00 | 1/03/45 | 2.911% | Qtr. |
| Grundy Elec. Coop. #2944 | 10/28 | $500,000.00 | 4/02/12 | 0.057% | Qtr. |
| RURAL UTILITIES SERVICE - GETP | |||||
| *CFC | 10/17 | $100,000,000.00 | 10/17/16 | 1.116% | Qtr. |
| *CFC | 10/17 | $100,000,000.00 | 10/17/16 | 1.116% | Qtr. |
| *CFC | 10/17 | $100,000,000.00 | 10/17/16 | 1.116% | Qtr. |
| *CFC | 10/17 | $100,000,000.00 | 10/15/18 | 1.708% | Qtr. |
| *CFC | 10/17 | $100,000,000.00 | 10/15/21 | 2.250% | Qtr. |
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | October 31, 2011 | September 30, 2011 | 10/01/11-10/31/11 | 10/01/11-10/31/11 |
| Agency Debt | ||||
| U.S. Postal Service | $13,084.9 | $13,000.0 | $84.9 | $84.9 |
| National Credit Union Adm.-CLF | $0.0 | $0.0 | $0.0 | $0.0 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $493.3 | $493.3 | $0.0 | $0.0 |
| Subtotal* | $13,578.2 | $13,493.3 | $84.9 | $84.9 |
| Agency Assets | ||||
| Rural Utilities Service-CBO | $1,674.9 | $1,674.9 | $0.0 | $0.0 |
| Subtotal* | $1,674.9 | $1,674.9 | $0.0 | $0.0 |
| Government-Guaranteed Lending | ||||
| DOD-Foreign Military Sales | $294.4 | $294.4 | $0.0 | $0.0 |
| DoEd-HBCU+ | $779.6 | $778.5 | $1.1 | $1.1 |
| DOE-Adv Technology Vehicles Mfg | $5,057.8 | $4,912.5 | $145.3 | $145.3 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $2,189.5 | $2,008.3 | $181.2 | $181.2 |
| General Services Administration+ | $1,884.1 | $1,896.6 | -$12.5 | -$12.5 |
| Rural Utilities Service | $29,819.1 | $29,353.4 | $465.7 | $465.7 |
| Rural Utilities Service-GETP | $3,150.0 | $3,150.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $0.5 | $0.6 | -$0.1 | -$0.1 |
| DOT-Section 511 | $1.2 | $1.2 | $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* | $43,180.9 | $42,400.3 | $780.7 | $780.7 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $58,434.0 | $57,568.4 | $865.6 | $865.6 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |