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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.

         
Attached to this release are tables presenting FFB November loan activity and FFB holdings as of November 30, 2011.

FEDERAL FINANCING BANK
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.





FEDERAL FINANCING BANK HOLDINGS
(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