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FEDERAL FINANCING BANK

 

Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of February 2012.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $59.9 billion on February 29, 2012, posting an increase of $347.8 million from the level on January 31, 2012. This net change was the result of a decrease in holdings of agency debt of $182.5 million and an increase in net holdings of government-guaranteed loans of $530.3 million. The FFB made 119 disbursements and received no prepayments in the month of February.

Attached to this release are tables presenting FFB February loan activity and FFB holdings as of February 29, 2012.

FEDERAL FINANCING BANK
FEBRUARY 2012 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 2/01 $1,843,000,000.00 2/02/12 0.176% S/A
U.S. Postal Service 2/01 $287,400,000.00 2/02/12 0.176% S/A
U.S. Postal Service 2/02 $1,649,000,000.00 2/03/12 0.166% S/A
U.S. Postal Service 2/02 $258,100,000.00 2/03/12 0.196% S/A
U.S. Postal Service 2/03 $2,876,000,000.00 2/06/12 0.176% S/A
U.S. Postal Service 2/03 $200,500,000.00 2/06/12 0.186% S/A
U.S. Postal Service 2/06 $3,000,000,000.00 2/07/12 0.196% S/A
U.S. Postal Service 2/06 $228,800,000.00 2/07/12 0.166% S/A
U.S. Postal Service 2/07 $2,657,000,000.00 2/08/12 0.186% S/A
U.S. Postal Service 2/07 $229,600,000.00 2/08/12 0.186% S/A
U.S. Postal Service 2/08 $2,500,000,000.00 2/09/12 0.166% S/A
U.S. Postal Service 2/08 $284,200,000.00 2/09/12 0.186% S/A
U.S. Postal Service 2/09 $2,347,000,000.00 2/10/12 0.186% S/A
U.S. Postal Service 2/09 $250,700,000.00 2/10/12 0.186% S/A
U.S. Postal Service 2/10 $2,200,000,000.00 2/13/12 0.186% S/A
U.S. Postal Service 2/10 $254,000,000.00 2/13/12 0.176% S/A
U.S. Postal Service 2/13 $1,900,000,000.00 2/14/12 0.186% S/A
U.S. Postal Service 2/13 $352,900,000.00 2/14/12 0.176% S/A
U.S. Postal Service 2/14 $1,700,000,000.00 2/15/12 0.176% S/A
U.S. Postal Service 2/14 $286,400,000.00 2/15/12 0.217% S/A
U.S. Postal Service 2/15 $1,585,000,000.00 2/16/12 0.176% S/A
U.S. Postal Service 2/15 $299,100,000.00 2/16/12 0.217% S/A
U.S. Postal Service 2/16 $1,400,000,000.00 2/17/12 0.217% S/A
U.S. Postal Service 2/16 $306,200,000.00 2/17/12 0.166% S/A
U.S. Postal Service 2/17 $2,610,000,000.00 2/21/12 0.217% S/A
U.S. Postal Service 2/17 $226,300,000.00 2/21/12 0.156% S/A
U.S. Postal Service 2/21 $2,800,000,000.00 2/22/12 0.166% S/A
U.S. Postal Service 2/21 $200,500,000.00 2/22/12 0.145% S/A
U.S. Postal Service 2/22 $2,475,000,000.00 2/23/12 0.156% S/A
U.S. Postal Service 2/22 $270,800,000.00 2/23/12 0.196% S/A
U.S. Postal Service 2/23 $2,300,000,000.00 2/24/12 0.145% S/A
U.S. Postal Service 2/23 $339,300,000.00 2/24/12 0.196% S/A
U.S. Postal Service 2/24 $2,125,000,000.00 2/27/12 0.196% S/A
U.S. Postal Service 2/24 $309,100,000.00 2/27/12 0.206% S/A
U.S. Postal Service 2/27 $1,900,000,000.00 2/28/12 0.196% S/A
U.S. Postal Service 2/27 $310,300,000.00 2/28/12 0.196% S/A
U.S. Postal Service 2/28 $1,578,000,000.00 2/29/12 0.206% S/A
U.S. Postal Service 2/28 $370,700,000.00 2/29/12 0.226% S/A
U.S. Postal Service 2/29 $1,900,000,000.00 3/01/12 0.196% S/A
U.S. Postal Service 2/29 $294,900,000.00 3/01/12 0.206% S/A
GOVERNMENT-GUARANTEED LOANS
DOE-ADV TECHNOLOGY VEHICLES MFG
Ford Motor Company 2/02 $113,200,000.00 6/15/22 1.228% Qtr.
Ford Motor Company 2/02 $26,900,000.00 6/15/22 1.228% Qtr.
Tesla Motors, Inc. 2/08 $3,406,651.00 9/16/19 0.911% Qtr.
Tesla Motors, Inc. 2/08 $10,945,296.00 9/15/22 1.368% Qtr.
DOE-SECTION 1705 (RECOVERY)
Tonopah 2/07 $13,675,964.86 12/22/36 2.944% S/A
Solar Partners VIII 2/28 $17,070,379.41 10/27/38 2.924% S/A
Solar Partners I 2/28 $20,390,553.88 6/27/33 2.695% S/A
Solar Partners II 2/28 $20,602,404.98 3/01/38 2.881% S/A
Agua Caliente 2/29 $27,697,154.31 4/06/37 2.815% Qtr.
GENERAL SERVICES ADMINISTRATION
San Francisco Bldg Lease 2/27 $6,717.00 8/01/35 2.532% S/A
DEPARTMENT OF EDUCATION
Wiley College 2/01 $1,065,366.38 10/01/41 2.491% S/A
Univ of the Virgin Islands 2/07 $682,163.90 8/01/40 2.562% S/A
Tuskegee Univ. 2/16 $2,041,254.98 12/03/40 2.615% S/A
Bennett College 2/22 $79,291.77 4/02/12 0.038% S/A
Wiley College 2/22 $1,162,249.72 10/01/41 2.739% S/A
Huston-Tillotson Univ. 2/29 $7,673,448.82 4/01/38 2.475% S/A
Huston-Tillotson Univ. 2/29 $266,345.45 4/01/42 2.712% S/A
RURAL UTILITIES SERVICE
OTZ Telephone #573 2/01 $234,743.00 12/31/18 0.695% Qtr.
Aiken Elec. #2729 2/02 $3,000,000.00 1/03/45 2.628% Qtr.
Blackduck Telephone Co. #2215 2/03 $14,968.00 1/03/22 1.164% Qtr.
Blackduck Telephone Co. #2215 2/03 $220,699.00 1/03/22 1.164% Qtr.
Clearwater Power Co. #2668 2/03 $2,463,000.00 6/30/32 2.427% Qtr.
Red River Valley #2881 2/03 $1,000,000.00 1/03/45 2.623% Qtr.
West Oregon Electric #2577 2/03 $682,000.00 12/31/43 2.595% Qtr.
Lea County Elec. Coop. #2567 2/06 $12,807,000.00 4/01/13 0.153% Qtr.
Horry Electric Coop. #2655 2/07 $40,000,000.00 12/31/43 2.666% Qtr.
Jasper County Rural Elec #2973 2/07 $800,000.00 1/02/46 2.617% Qtr.
Kalona Cooperative #2659 2/07 $468,561.00 1/02/29 1.908% Qtr.
Kennebec Telephone #2293 2/07 $202,942.00 12/31/25 1.664% Qtr.
Citizens Elec. #2686 2/08 $5,000,000.00 1/03/39 2.559% Qtr.
Arizona Electric #2675 2/09 $10,643,000.00 1/02/35 2.389% Qtr.
Brazos Electric #2608 2/09 $11,540,000.00 7/02/12 0.103% Qtr.
Coastal Electric #2785 2/09 $6,000,000.00 12/31/42 2.704% Qtr.
Central Electric Coop. #3045 2/09 $1,500,000.00 7/02/12 0.103% Qtr.
Farmers Telecom. #2639 2/09 $1,775,457.00 3/31/15 0.365% Qtr.
Illinois Electric #3015 2/09 $1,649,000.00 7/01/13 0.194% Qtr.
Meade County Elec. #2843 2/09 $2,000,000.00 1/03/45 2.762% Qtr.
Mid-Plains Rural Tel. #2533 2/09 $134,938.00 12/31/30 2.171% Qtr.
Nodak Electric Coop. #2454 2/09 $3,000,000.00 12/31/41 2.670% Qtr.
Three Notch Elec. #2950 2/09 $4,000,000.00 1/02/46 2.788% Qtr.
Mon-Cre Telephone #2805 2/10 $71,215.00 7/02/12 0.111% Qtr.
Wilkes Tel. Memb. Corp. #2333 2/10 $5,158,408.00 12/31/25 1.803% Qtr.
Rayle Electric #2508 2/13 $8,000,000.00 12/31/42 2.667% Qtr.
Federal Rural Elec. #2712 2/14 $3,700,000.00 7/02/12 0.131% Qtr.
Appalachian Elec. #2623 2/15 $5,000,000.00 12/31/43 2.654% Qtr.
Deep East Texas Elec. #3020 2/15 $1,200,000.00 12/31/42 2.627% Qtr.
Tri-County EMC GA #2733 2/15 $3,600,000.00 1/03/45 2.681% Qtr.
Central Power Elec. #2529 2/16 $3,445,000.00 7/02/12 0.122% Qtr.
Houston Cty Elec Coop #2776 2/16 $666,346.54 1/03/45 2.706% Qtr.
Kootenai Elec. #2528 2/16 $6,500,000.00 12/31/43 2.678% Qtr.
Lewis County RECA #2832 2/16 $1,000,000.00 12/31/41 2.613% Qtr.
Mountrail-Williams #2788 2/16 $2,623,000.00 1/03/45 2.706% Qtr.
Singing River Electric #2704 2/16 $5,000,000.00 1/03/40 2.539% Qtr.
Associated Electric #2791 2/17 $22,246,791.00 12/31/40 2.629% Qtr.
New-Mac Electric #2799 2/17 $4,700,000.00 1/03/45 2.758% Qtr.
W. Farmers Elec. Coop. #2318 2/17 $1,691,500.00 12/31/24 1.667% Qtr.
W. Farmers Elec. Coop. #2319 2/17 $5,867,500.00 12/31/40 2.629% Qtr.
Webster Electric #3041 2/17 $3,800,000.00 7/02/12 0.120% Qtr.
Ragland Telephone #2316 2/21 $632,640.00 1/02/29 2.090% Qtr.
Southeastern Elec. Coop. #2438 2/21 $3,000,000.00 12/31/42 2.724% Qtr.
Surry-Yadkin Elec. #2457 2/21 $3,000,000.00 7/02/12 0.116% Qtr.
Thumb Electric #2461 2/21 $2,000,000.00 7/02/12 0.116% Qtr.
Verendrye Elec. #2451 2/21 $673,000.00 12/31/42 2.724% Qtr.
Victory Electric #2551 2/21 $3,081,400.00 12/31/37 2.540% Qtr.
Western Indiana #2367 2/21 $900,000.00 12/31/42 2.724% Qtr.
Webster Electric #3041 2/22 $2,700,000.00 7/02/12 0.108% Qtr.
Arkansas Valley Elec. #2882 2/24 $3,000,000.00 1/02/46 2.777% Qtr.
Grady Electric #2480 2/24 $3,494,673.07 4/01/13 0.182% Qtr.
Navajo Tribal #2814 2/24 $3,500,000.00 7/02/12 0.113% Qtr.
Northern Electric Coop. #2708 2/24 $919,000.00 1/03/45 2.751% Qtr.
Pee Dee Elec. #2909 2/24 $2,000,000.00 3/31/17 0.878% Qtr.
Scenic Rivers Energy #2952 2/24 $3,000,000.00 1/02/46 2.777% Qtr.
Basin Electric #2875 2/27 $2,131,000.00 1/03/40 2.568% Qtr.
RT Communications #2831 2/27 $723,319.00 7/02/12 0.119% Qtr.
Brazos Electric #2608 2/28 $23,892,000.00 7/02/12 0.130% Qtr.
Consolidated Telcom #2571 2/28 $1,000,821.00 1/02/29 1.955% Qtr.
East Kentucky Power #2768 2/28 $30,000,000.00 1/03/45 2.666% Qtr.
Wash.-St. Tammany Elec. #2887 2/28 $10,000,000.00 1/03/45 2.667% Qtr.
San Miguel Electric #2723 2/29 $1,159,929.44 12/31/36 2.410% Qtr.

S/A is a Semiannual rate

Qtr. is a Quarterly rate

FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)

Monthly Fiscal Year
Net Change Net Change
Program February 29, 2012 January 31, 2012 2/01/12- 2/29/12 10/01/11- 2/29/12
Agency Debt
U.S. Postal Service $11,994.9 $12,177.4 -$182.5 -$1,005.1
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* $12,488.2 $12,670.7 -$182.5 -$1,005.1
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 $265.2 $293.2 -$28.0 -$29.3
DoEd-HBCU+ $796.6 $784.5 $12.2 $18.2
DOE-Adv Technology Vehicles Mfg $5,661.8 $5,507.3 $154.5 $749.3
DOE-Section 1703 (Non-Recovery) $0.0 $0.0 $0.0 $0.0
DOE-Section 1705 (Recovery) $3,021.0 $2,921.5 $99.4 $1,012.7
General Services Administration+ $1,862.9 $1,864.8 -$1.9 -$33.6
Rural Utilities Service $30,979.1 $30,684.9 $294.2 $1,625.7
Rural Utilities Service-GETP $3,150.0 $3,150.0 $0.0 $0.0
SBA-State/Local Development Cos. $0.3 $0.3 $0.0 -$0.3
DOT-Section 511 $1.2 $1.2 $0.0 -$0.1
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* $45,742.8 $45,212.5 $530.3 $3,342.5
========= ========= ========= =========
Grand total* $59,905.9 $59,558.1 $347.8 $2,337.5
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest