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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 August 2012.

      FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $66.5 billion on August 31, 2012, posting an increase of $1,772.7 million from the level on July 31, 2012. This net change was the result of an increase in holdings of agency debt of $894.3 million and an increase in net holdings of government-guaranteed loans of $878.4 million.  The FFB made 132 disbursements and received 15 prepayments in the month of August. 

Attached to this release are tables presenting FFB August loan activity and FFB holdings as of August 31, 2012.

FEDERAL FINANCING BANK
AUGUST 2012 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 8/01 $2,100,000,000.00 8/02/12 0.176% S/A
U.S. Postal Service 8/01 $433,900,000.00 8/02/12 0.196% S/A
U.S. Postal Service 8/02 $1,940,000,000.00 8/03/12 0.196% S/A
U.S. Postal Service 8/02 $398,000,000.00 8/03/12 0.166% S/A
U.S. Postal Service 8/03 $3,247,000,000.00 8/06/12 0.196% S/A
U.S. Postal Service 8/03 $207,000,000.00 8/06/12 0.145% S/A
U.S. Postal Service 8/06 $3,369,000,000.00 8/07/12 0.166% S/A
U.S. Postal Service 8/06 $204,500,000.00 8/07/12 0.166% S/A
U.S. Postal Service 8/07 $3,196,000,000.00 8/08/12 0.145% S/A
U.S. Postal Service 8/07 $145,200,000.00 8/08/12 0.216% S/A
U.S. Postal Service 8/08 $3,000,000,000.00 8/09/12 0.166% S/A
U.S. Postal Service 8/08 $281,300,000.00 8/09/12 0.216% S/A
U.S. Postal Service 8/09 $2,853,000,000.00 8/10/12 0.216% S/A
U.S. Postal Service 8/09 $271,900,000.00 8/10/12 0.226% S/A
U.S. Postal Service 8/10 $2,700,000,000.00 8/13/12 0.216% S/A
U.S. Postal Service 8/10 $268,600,000.00 8/13/12 0.226% S/A
U.S. Postal Service 8/13 $2,500,000,000.00 8/14/12 0.226% S/A
U.S. Postal Service 8/13 $257,500,000.00 8/14/12 0.226% S/A
U.S. Postal Service 8/14 $2,258,000,000.00 8/15/12 0.226% S/A
U.S. Postal Service 8/14 $262,600,000.00 8/15/12 0.237% S/A
U.S. Postal Service 8/15 $2,100,000,000.00 8/16/12 0.226% S/A
U.S. Postal Service 8/15 $325,700,000.00 8/16/12 0.237% S/A
U.S. Postal Service 8/16 $1,948,000,000.00 8/17/12 0.237% S/A
U.S. Postal Service 8/16 $288,500,000.00 8/17/12 0.226% S/A
U.S. Postal Service 8/17 $3,134,000,000.00 8/20/12 0.237% S/A
U.S. Postal Service 8/17 $237,500,000.00 8/20/12 0.216% S/A
U.S. Postal Service 8/20 $3,331,000,000.00 8/21/12 0.226% S/A
U.S. Postal Service 8/20 $225,900,000.00 8/21/12 0.216% S/A
U.S. Postal Service 8/21 $3,063,000,000.00 8/22/12 0.216% S/A
U.S. Postal Service 8/21 $262,000,000.00 8/22/12 0.226% S/A
U.S. Postal Service 8/22 $2,900,000,000.00 8/23/12 0.216% S/A
U.S. Postal Service 8/22 $331,000,000.00 8/23/12 0.226% S/A
U.S. Postal Service 8/23 $2,765,000,000.00 8/24/12 0.226% S/A
U.S. Postal Service 8/23 $277,400,000.00 8/24/12 0.226% S/A
U.S. Postal Service 8/24 $2,628,000,000.00 8/27/12 0.226% S/A
U.S. Postal Service 8/24 $235,900,000.00 8/27/12 0.226% S/A
U.S. Postal Service 8/27 $2,363,000,000.00 8/28/12 0.226% S/A
U.S. Postal Service 8/27 $269,800,000.00 8/28/12 0.226% S/A
U.S. Postal Service 8/28 $2,119,000,000.00 8/29/12 0.226% S/A
U.S. Postal Service 8/28 $246,800,000.00 8/29/12 0.247% S/A
U.S. Postal Service 8/29 $1,943,000,000.00 8/30/12 0.226% S/A
U.S. Postal Service 8/29 $270,600,000.00 8/30/12 0.247% S/A
U.S. Postal Service 8/30 $1,742,000,000.00 8/31/12 0.247% S/A
U.S. Postal Service 8/30 $285,500,000.00 8/31/12 0.247% S/A
U.S. Postal Service 8/31 $3,285,000,000.00 9/04/12 0.247% S/A
U.S. Postal Service 8/31 $280,800,000.00 9/04/12 0.216% S/A
GOVERNMENT-GUARANTEED LOANS
DOE-ADV TECHNOLOGY VEHICLES MFG
Ford Motor Company 8/01 $91,159,253.00 6/15/22 0.925% Qtr.
Ford Motor Company 8/01 $45,360,747.00 6/15/22 0.925% Qtr.
Tesla Motors, Inc. 8/02 $31,814,300.00 9/15/22 0.998% Qtr.
Tesla Motors, Inc. 8/21 $1,441,028.00 9/15/22 1.194% Qtr.
DOE-SECTION 1705 (RECOVERY)
Great Basin Transmission 8/01 $11,058,020.31 9/28/40 2.397% Qtr.
Arizona Solar One 8/10 $57,347,907.33 6/15/39 2.737% S/A
Tonopah 8/21 $19,701,092.17 12/22/36 2.761% S/A
USG OREGON, LLC 8/27 $7,709,454.73 2/12/35 2.360% S/A
Solar Partners VIII 8/30 $15,474,772.28 10/27/38 2.602% S/A
Solar Partners I 8/30 $14,595,241.89 6/27/33 2.371% S/A
Solar Partners II 8/30 $7,946,093.88 3/01/38 2.563% S/A
Agua Caliente 8/31 $32,602,957.16 4/06/37 2.461% Qtr.
High Plains Ranch II 8/31 $53,132,148.52 2/05/37 2.542% S/A
Great Basin Transmission 8/31 $8,099,223.83 9/28/40 2.533% Qtr.
DEPARTMENT OF EDUCATION
Huston-Tillotson Univ. 8/01 $445,888.39 4/01/42 2.173% S/A
Univ of the Virgin Islands 8/02 $2,329,126.96 8/01/40 2.105% S/A
Wiley College 8/02 $258,763.09 10/01/41 2.147% S/A
Talladega College 8/07 $1,227,613.72 4/01/30 2.168% S/A
Talladega College 8/07 $22,525.78 4/02/29 2.129% S/A
Tuskegee Univ. 8/21 $4,561,728.82 12/03/40 2.421% S/A
Wiley College 8/21 $1,558,566.40 10/01/41 2.438% S/A
Meharry Medical College 8/31 $1,515,263.77 5/01/42 2.294% S/A
RURAL UTILITIES SERVICE
Brazos Electric #2978 8/01 $10,000,000.00 12/31/12 0.135% Qtr.
Brazos Electric #2978 8/01 $10,000,000.00 12/31/12 0.135% Qtr.
Brazos Electric #2978 8/01 $10,000,000.00 12/31/12 0.135% Qtr.
Brazos Electric #2978 8/01 $10,000,000.00 12/31/12 0.135% Qtr.
Brazos Electric #2978 8/01 $10,000,000.00 12/31/12 0.135% Qtr.
Upsala Coop. Tele. #2646 8/01 $121,422.00 12/31/12 0.135% Qtr.
Jefferson Energy #2413 8/02 $11,600,000.00 12/31/42 2.175% Qtr.
San Miguel Electric #2723 8/02 $12,202,925.20 12/31/36 1.966% Qtr.
Tri-County Tel Assoc #2681 8/02 $2,884,322.00 12/31/12 0.132% Qtr.
Bartlett Elec. #2824 8/03 $992,000.00 1/03/45 2.175% Qtr.
Freeborn-Mower Coop. #2444 8/03 $3,000,000.00 12/31/42 2.119% Qtr.
La Plata Electric #2941 8/03 $42,152,000.00 1/02/46 2.200% Qtr.
Menard Elec. #2605 8/03 $1,000,000.00 12/31/42 2.119% Qtr.
Sioux Val.-Southwestern #2662 8/03 $5,000,000.00 12/31/43 2.148% Qtr.
Southwestern Elec. #2945 8/03 $3,400,000.00 12/31/12 0.131% Qtr.
Tri-State #2298 8/03 $280,000.00 12/31/37 1.948% Qtr.
Tri-State #2606 8/03 $30,428,000.00 1/03/40 2.019% Qtr.
Broad River Elec. Coop. #2890 8/06 $4,000,000.00 12/31/12 0.132% Qtr.
Sand Mountain Electric #2886 8/06 $5,000,000.00 1/03/40 2.117% Qtr.
Farmers Elec Coop Corp #2581 8/07 $1,304,000.00 12/31/43 2.243% Qtr.
Fox Islands Elec. Coop. #3048 8/07 $82,000.00 1/02/46 2.297% Qtr.
Hill County Elec Coop. #2744 8/07 $1,521,000.00 12/31/41 2.180% Qtr.
Planters Electric #2888 8/07 $2,350,000.00 1/03/45 2.271% Qtr.
Southwestern Elec. Coop #3087 8/07 $1,054,158.79 12/31/46 2.320% Qtr.
Douglas Electric #2869 8/09 $125,000.00 1/02/46 2.396% Qtr.
Georgia Trans. Corp. #3024 8/09 $75,327,000.00 12/31/46 2.419% Qtr.
Clarke-Washington Elec. #2834 8/13 $3,000,000.00 1/03/45 2.350% Qtr.
Nobles Cooperative Elec #2580 8/13 $2,557,000.00 12/31/12 0.124% Qtr.
Talquin Electric Coop. #2964 8/13 $9,362,121.95 12/31/43 2.322% Qtr.
Consolidated Tel. Co. #2774 8/15 $6,900,000.00 12/31/29 1.792% Qtr.
Southeastern Elec. Coop. #2438 8/15 $3,532,000.00 12/31/42 2.367% Qtr.
Southwest Arkansas Elec. #2693 8/15 $10,967,000.00 12/31/43 2.399% Qtr.
Triangle Telephone Coop #2594 8/15 $2,047,789.00 12/31/30 1.856% Qtr.
Lewis County RECA #2832 8/16 $1,493,000.00 12/31/41 2.409% Qtr.
Cass County Electric #2996 8/17 $5,000,000.00 1/03/45 2.554% Qtr.
Range Telephone #2783 8/21 $856,000.00 1/03/28 1.734% Qtr.
Rappahannock Electric #2857 8/21 $10,589,000.00 1/03/45 2.528% Qtr.
Hoosier Energy Elec. #2341 8/22 $34,654,000.00 12/31/35 2.182% Qtr.
Arizona Electric #2675 8/23 $386,000.00 1/02/35 2.048% Qtr.
Empire Electric #2880 8/23 $1,178,395.20 1/03/45 2.416% Qtr.
Lyon-Coffey Electric #2695 8/23 $500,000.00 1/03/45 2.416% Qtr.
Mon-Cre Telephone #2805 8/23 $423,425.00 12/31/12 0.119% Qtr.
Tri-State #3088 8/27 $92,477,000.00 12/31/41 2.294% Qtr.
Tri-State #3089 8/27 $5,000.00 12/31/40 2.262% Qtr.
Tri-State #3090 8/27 $76,000.00 1/03/45 2.393% Qtr.
Black Hills Elec. Coop. #2378 8/28 $2,000,000.00 12/31/37 2.114% Qtr.
Bowie-Cass Elec. Coop. #2475 8/28 $1,565,306.84 12/31/37 2.053% Qtr.
Central Missouri Electric #305 8/28 $500,000.00 1/02/46 2.386% Qtr.
Cotton Electric Coop #2821 8/28 $2,851,000.00 1/02/46 2.383% Qtr.
Molalla Tele. Co. #2981 8/28 $1,813,284.00 12/31/31 1.798% Qtr.
North Central Elec. #2692 8/28 $1,100,000.00 12/31/43 2.328% Qtr.
Pineland Telephone #2665 8/28 $2,768,333.00 1/03/28 1.578% Qtr.
Three Notch Elec. #2950 8/28 $3,100,000.00 1/02/46 2.384% Qtr.
Tri-County Telephone #2304 8/28 $285,051.00 1/03/23 1.107% Qtr.
Arkansas Valley Elec. #2882 8/29 $6,000,000.00 1/02/46 2.372% Qtr.
East Kentucky Power #2532 8/29 $25,000,000.00 1/03/40 2.177% Qtr.
Wheat State Tele. #3100 8/29 $2,733,694.00 12/31/12 0.118% Qtr.
Buckeye Rural Electric #2747 8/30 $3,200,000.00 1/03/45 2.363% Qtr.
Roughrider Elec Coop. #3074 8/30 $4,000,000.00 1/02/46 2.392% Qtr.
Greenbelt Elec. #3064 8/31 $1,024,359.64 12/31/46 2.393% Qtr.
KanOkla Telephone #2697 8/31 $2,000,000.00 12/31/25 1.392% Qtr.
NC Telephone #3025 8/31 $561,123.00 12/31/25 1.402% Qtr.
Suwannee Valley Elec. #2459 8/31 $5,000,000.00 12/31/42 2.278% Qtr.
RURAL UTILITIES SERVICE - GETP
CFC 8/09 $25,000,000.00 7/15/32 2.384% Qtr.

S/A is a Semiannual rate
Qtr. is a Quarterly rate
* maturity extension or interest rate reset or principal rollover



FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)


Monthly Fiscal Year
Net Change Net Change
Program August 31, 2012 July 31, 2012 8/01/12- 8/31/12 10/01/11- 8/31/12
Agency Debt
U.S. Postal Service $13,465.8 $12,571.5 $894.3 $465.8
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      $493.4      $493.4        $0.0        $0.2
Subtotal* $13,959.2 $13,064.9 $894.3 $466.0
Agency Assets
Rural Utilities Service-CBO    $1,386.5    $1,386.5        $0.0     -$288.4
Subtotal* $1,386.5 $1,386.5 $0.0 -$288.4
Government-Guaranteed Lending
DOD-Foreign Military Sales $206.1 $232.9 -$26.8 -$88.3
DoEd-HBCU+ $879.4 $868.4 $11.0 $100.9
DOE-Adv Technology Vehicles Mfg $7,017.6 $6,847.8 $169.8 $2,105.1
DOE-Section 1703 (Non-Recovery) $0.0 $0.0 $0.0 $0.0
DOE-Section 1705 (Recovery) $4,814.9 $4,616.6 $198.3 $2,806.6
General Services Administration+ $1,822.3 $1,824.2 -$2.0 -$74.3
Rural Utilities Service $32,685.3 $32,182.2 $503.1 $3,331.9
Rural Utilities Service-GETP $3,674.0 $3,649.0 $25.0 $524.0
SBA-State/Local Development Cos. $0.1 $0.1 $0.0 -$0.5
DOT-Section 511 $1.0 $1.0 $0.0 -$0.2
VA Homeless Veterans Housing+ $4.7 $4.7 $0.0 -$0.1
Federal Family Ed. Loan Conduit        $0.0        $0.0        $0.0        $0.0
Subtotal* $51,105.4 $50,227.0 $878.4 $8,705.1
========= ========= ========= =========
Grand total* $66,451.1 $64,678.4 $1,772.7 $8,882.7
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest