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

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.
FEDERAL FINANCING BANK
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.

FEDERAL FINANCING BANK HOLDINGS
(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