DECEMBER 2011 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of November 2011. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $58.3 billion on November 30, 2011, posting a decrease of $144.3 million from the level on October 31, 2011. This net change was the result of a decrease in holdings of agency debt of $769.7 million and an increase in net holdings of government-guaranteed loans of $625.4 million. The FFB made 105 disbursements in the month of November. The FFB also reset the interest rate for one loan guaranteed by the Department of Education during the month. |
NOVEMBER 2011 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 11/01 | $2,400,000,000.00 | 11/02/11 | 0.145% | S/A |
| U.S. Postal Service | 11/01 | $308,000,000.00 | 11/02/11 | 0.135% | S/A |
| U.S. Postal Service | 11/02 | $2,181,000,000.00 | 11/03/11 | 0.145% | S/A |
| U.S. Postal Service | 11/02 | $286,000,000.00 | 11/03/11 | 0.135% | S/A |
| U.S. Postal Service | 11/03 | $2,020,000,000.00 | 11/04/11 | 0.135% | S/A |
| U.S. Postal Service | 11/03 | $216,400,000.00 | 11/04/11 | 0.135% | S/A |
| U.S. Postal Service | 11/04 | $1,734,000,000.00 | 11/07/11 | 0.135% | S/A |
| U.S. Postal Service | 11/04 | $271,200,000.00 | 11/07/11 | 0.135% | S/A |
| U.S. Postal Service | 11/07 | $1,494,000,000.00 | 11/08/11 | 0.135% | S/A |
| U.S. Postal Service | 11/07 | $263,700,000.00 | 11/08/11 | 0.135% | S/A |
| U.S. Postal Service | 11/08 | $1,229,000,000.00 | 11/09/11 | 0.135% | S/A |
| U.S. Postal Service | 11/08 | $204,400,000.00 | 11/09/11 | 0.135% | S/A |
| U.S. Postal Service | 11/09 | $1,070,000,000.00 | 11/10/11 | 0.135% | S/A |
| U.S. Postal Service | 11/09 | $208,800,000.00 | 11/10/11 | 0.135% | S/A |
| U.S. Postal Service | 11/10 | $2,087,000,000.00 | 11/14/11 | 0.135% | S/A |
| U.S. Postal Service | 11/10 | $204,100,000.00 | 11/14/11 | 0.135% | S/A |
| U.S. Postal Service | 11/14 | $2,105,000,000.00 | 11/15/11 | 0.135% | S/A |
| U.S. Postal Service | 11/14 | $436,300,000.00 | 11/15/11 | 0.135% | S/A |
| U.S. Postal Service | 11/15 | $1,883,000,000.00 | 11/16/11 | 0.135% | S/A |
| U.S. Postal Service | 11/15 | $394,100,000.00 | 11/16/11 | 0.135% | S/A |
| U.S. Postal Service | 11/16 | $1,843,000,000.00 | 11/17/11 | 0.135% | S/A |
| U.S. Postal Service | 11/16 | $213,100,000.00 | 11/17/11 | 0.135% | S/A |
| U.S. Postal Service | 11/17 | $2,833,000,000.00 | 11/18/11 | 0.135% | S/A |
| U.S. Postal Service | 11/17 | $191,500,000.00 | 11/18/11 | 0.135% | S/A |
| U.S. Postal Service | 11/18 | $1,300,000,000.00 | 11/15/12 | 0.227% | S/A |
| U.S. Postal Service | 11/18 | $1,281,000,000.00 | 11/21/11 | 0.135% | S/A |
| U.S. Postal Service | 11/18 | $197,800,000.00 | 11/21/11 | 0.145% | S/A |
| U.S. Postal Service | 11/21 | $1,039,000,000.00 | 11/22/11 | 0.135% | S/A |
| U.S. Postal Service | 11/21 | $235,800,000.00 | 11/22/11 | 0.145% | S/A |
| U.S. Postal Service | 11/22 | $662,000,000.00 | 11/23/11 | 0.145% | S/A |
| U.S. Postal Service | 11/22 | $353,200,000.00 | 11/23/11 | 0.145% | S/A |
| U.S. Postal Service | 11/23 | $470,000,000.00 | 11/25/11 | 0.145% | S/A |
| U.S. Postal Service | 11/23 | $364,800,000.00 | 11/25/11 | 0.145% | S/A |
| U.S. Postal Service | 11/25 | $1,574,000,000.00 | 11/28/11 | 0.145% | S/A |
| U.S. Postal Service | 11/25 | $318,100,000.00 | 11/28/11 | 0.145% | S/A |
| U.S. Postal Service | 11/28 | $1,839,000,000.00 | 11/29/11 | 0.145% | S/A |
| U.S. Postal Service | 11/28 | $278,600,000.00 | 11/29/11 | 0.145% | S/A |
| U.S. Postal Service | 11/29 | $1,616,000,000.00 | 11/30/11 | 0.145% | S/A |
| U.S. Postal Service | 11/29 | $253,600,000.00 | 11/30/11 | 0.145% | S/A |
| U.S. Postal Service | 11/30 | $2,173,000,000.00 | 12/01/11 | 0.145% | S/A |
| U.S. Postal Service | 11/30 | $342,200,000.00 | 12/01/11 | 0.145% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-ADV TECHNOLOGY VEHICLES MFG | |||||
| Tesla Motors, Inc. | 11/10 | $11,950,875.00 | 9/16/19 | 0.988% | Qtr. |
| Tesla Motors, Inc. | 11/10 | $8,482,455.00 | 9/15/22 | 1.418% | Qtr. |
| DOE-SECTION 1705 (RECOVERY) | |||||
| Great Basin Transmission | 11/02 | $10,720,873.63 | 9/28/40 | 2.922% | Qtr. |
| Record Hill Wind LLC | 11/03 | $2,295,026.12 | 12/26/29 | 2.492% | Qtr. |
| Arizona Solar One | 11/04 | $39,876,838.89 | 6/15/39 | 3.184% | S/A |
| Record Hill Wind LLC | 11/04 | $2,600,546.54 | 4/27/12 | 0.413% | Qtr. |
| Arizona Solar One | 11/22 | $62,763,329.14 | 6/15/39 | 3.013% | S/A |
| Cogentrix | 11/25 | $27,028,161.48 | 4/01/31 | 2.409% | S/A |
| Tonopah | 11/25 | $15,670,524.23 | 12/22/36 | 2.799% | S/A |
| Record Hill Wind LLC | 11/29 | $3,683,647.61 | 4/27/12 | 0.432% | Qtr. |
| Great Basin Transmission | 11/29 | $9,706,731.73 | 9/28/40 | 2.841% | Qtr. |
| Agua Caliente | 11/30 | $23,470,426.15 | 4/06/37 | 2.809% | Qtr. |
| Solar Partners VIII | 11/30 | $17,127,829.01 | 10/27/38 | 2.929% | S/A |
| Solar Partners I | 11/30 | $19,199,004.19 | 6/27/33 | 2.733% | S/A |
| Solar Partners II | 11/30 | $20,849,666.15 | 3/01/38 | 2.889% | S/A |
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 11/15 | $150,580.00 | 8/01/35 | 2.572% | S/A |
| San Francisco Bldg Lease | 11/15 | $173,483.23 | 8/01/35 | 2.572% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Tuskegee Univ. | 11/01 | $2,000,000.00 | 5/01/12 | 0.060% | S/A |
| Tuskegee Univ. | 11/04 | $3,046,382.92 | 12/03/40 | 2.729% | S/A |
| Harris Stowe State Univ. | 11/17 | $267,626.39 | 7/02/40 | 2.641% | S/A |
| Wiley College | 11/17 | $446,951.78 | 10/01/41 | 2.643% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Coweta-Fayette Elec. #2899 | 11/01 | $21,000,000.00 | 12/31/41 | 2.779% | Qtr. |
| Douglas Electric #2869 | 11/01 | $100,000.00 | 1/02/46 | 2.873% | Qtr. |
| Lacreek Electric #2604 | 11/01 | $2,820,000.00 | 12/31/43 | 2.828% | Qtr. |
| Mille Lacs Energy #2727 | 11/01 | $3,000,000.00 | 4/02/12 | 0.045% | Qtr. |
| Verendrye Elec. #2451 | 11/01 | $1,150,000.00 | 12/31/42 | 2.804% | Qtr. |
| Tideland Electric #2573 | 11/03 | $2,500,000.00 | 3/31/16 | 0.702% | Qtr. |
| Midstate Communications #2477 | 11/04 | $506,875.00 | 1/03/28 | 2.044% | Qtr. |
| Southern Montana Tel Co #2845 | 11/04 | $600,000.00 | 4/02/12 | 0.028% | Qtr. |
| Venture Communications #2503 | 11/04 | $3,134,366.00 | 1/03/28 | 2.044% | Qtr. |
| Greystone Power Corp. #2507 | 11/07 | $12,000,000.00 | 12/31/42 | 2.719% | Qtr. |
| Heart of Texas Elec. #2986 | 11/07 | $3,900,000.00 | 1/02/46 | 2.694% | Qtr. |
| North Georgia Elec. #2448 | 11/07 | $3,000,000.00 | 12/31/42 | 2.719% | Qtr. |
| Steele-Waseca Coop. #2735 | 11/07 | $4,000,000.00 | 1/03/45 | 2.767% | Qtr. |
| West Florida Electric #2738 | 11/07 | $4,000,000.00 | 1/03/40 | 2.627% | Qtr. |
| Associated Electric #2698 | 11/09 | $89,345,000.00 | 1/03/45 | 2.807% | Qtr. |
| Cloverland #2777 | 11/10 | $1,199,000.00 | 1/03/45 | 2.700% | Qtr. |
| Heartland Rural Elec. #2562 | 11/10 | $934,000.00 | 1/03/39 | 2.523% | Qtr. |
| Jackson Energy #2914 | 11/10 | $6,000,000.00 | 4/02/12 | 0.025% | Qtr. |
| Midwest Electric #2416 | 11/10 | $2,417,000.00 | 12/31/42 | 2.651% | Qtr. |
| Trico Electric Coop. #2402 | 11/10 | $10,000,000.00 | 1/03/40 | 2.558% | Qtr. |
| Consolidated Tel. Co. #2774 | 11/14 | $4,194,000.00 | 12/31/29 | 2.154% | Qtr. |
| Square Butte Electric #2627 | 11/14 | $19,076,000.00 | 12/31/26 | 1.924% | Qtr. |
| Square Butte Electric #2917 | 11/14 | $13,235,000.00 | 12/31/26 | 1.924% | Qtr. |
| Grand Valley Rural #2898 | 11/15 | $8,900,000.00 | 1/02/46 | 2.770% | Qtr. |
| Suwannee Valley Elec. #2459 | 11/15 | $4,000,000.00 | 12/31/42 | 2.694% | Qtr. |
| PowerSouth Energy #2338 | 11/17 | $65,593,000.00 | 12/31/35 | 2.415% | Qtr. |
| Buckeye Power #2408 | 11/17 | $12,537,000.00 | 12/31/37 | 2.414% | Qtr. |
| Buckeye Power #2409 | 11/17 | $16,335,000.00 | 12/31/37 | 2.414% | Qtr. |
| Hancock Rural Tel. Corp #2252 | 11/17 | $1,800,000.00 | 1/03/23 | 1.484% | Qtr. |
| Lake Country Power #2885 | 11/17 | $3,000,000.00 | 4/02/12 | 0.021% | Qtr. |
| Northwest Electric #2308 | 11/18 | $1,513,000.00 | 12/31/40 | 2.532% | Qtr. |
| Northwest Electric #2309 | 11/18 | $220,000.00 | 12/31/40 | 2.532% | Qtr. |
| Sangre De Cristo Elec. #2820 | 11/18 | $1,000,000.00 | 1/03/45 | 2.644% | Qtr. |
| TRANSCO #2323 | 11/18 | $294,000.00 | 12/31/35 | 2.354% | Qtr. |
| Triangle Telephone Coop #2594 | 11/21 | $3,224,775.00 | 12/31/30 | 2.163% | Qtr. |
| Fulton County REMC #2905 | 11/22 | $382,000.00 | 1/02/46 | 2.652% | Qtr. |
| Rich Mountain Elec Coop #2866 | 11/22 | $3,000,000.00 | 1/03/45 | 2.630% | Qtr. |
| Southeastern Elec. Coop. #2438 | 11/22 | $3,000,000.00 | 12/31/42 | 2.580% | Qtr. |
| Whitewater Valley Rural #2336 | 11/22 | $3,742,000.00 | 12/31/37 | 2.422% | Qtr. |
| Callaway Electric Coop. #2750 | 11/23 | $1,600,000.00 | 1/03/45 | 2.585% | Qtr. |
| Beltrami Electric Coop #2984 | 11/25 | $3,248,000.00 | 1/02/46 | 2.534% | Qtr. |
| Central Virginia Elec. #2657 | 11/25 | $2,000,000.00 | 12/31/43 | 2.487% | Qtr. |
| Hill County Elec Coop. #2744 | 11/25 | $1,225,000.00 | 12/31/41 | 2.437% | Qtr. |
| Nobles Cooperative Elec #2580 | 11/25 | $1,950,000.00 | 4/02/12 | 0.033% | Qtr. |
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | November 30, 2011 | October 31, 2011 | 11/01/11-11/30/11 | 10/01/11-11/30/11 |
| Agency Debt | ||||
| U.S. Postal Service | $12,315.2 | $13,084.9 | -$769.7 | -$684.8 |
| 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* | $12,808.5 | $13,578.2 | -$769.7 | -$684.8 |
| 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 | $293.9 | $294.4 | -$0.5 | -$0.5 |
| DoEd-HBCU+ | $783.2 | $779.6 | $3.6 | $4.7 |
| DOE-Adv Technology Vehicles Mfg | $5,078.2 | $5,057.8 | $20.4 | $165.7 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $2,444.5 | $2,189.5 | $255.0 | $436.2 |
| General Services Administration+ | $1,884.3 | $1,884.1 | $0.3 | -$12.2 |
| Rural Utilities Service | $30,165.7 | $29,819.1 | $346.7 | $812.3 |
| Rural Utilities Service-GETP | $3,150.0 | $3,150.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $0.4 | $0.5 | -$0.1 | -$0.2 |
| 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* | $43,806.3 | $43,180.9 | $625.4 | $1,406.0 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $58,289.7 | $58,434.0 | -$144.3 | $721.2 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |