FEDERAL FINANCING BANK
Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of November 2012. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $69.3 billion on November 30, 2012, posting an increase of $702.2 million from the level on October 31, 2012. This net change was the result of an increase in the holdings of government-guaranteed loans of $702.2 million. The FFB made 102 disbursements and received no prepayments in the month of November. The FFB also reset the interest rate on two loans guaranteed by the Department of Education. |
NOVEMBER 2012 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 11/01 | $1,500,000,000.00 | 11/02/12 | 0.247% | S/A |
| U.S. Postal Service | 11/01 | $363,400,000.00 | 11/02/12 | 0.186% | S/A |
| U.S. Postal Service | 11/02 | $1,300,000,000.00 | 11/05/12 | 0.216% | S/A |
| U.S. Postal Service | 11/02 | $363,600,000.00 | 11/05/12 | 0.206% | S/A |
| U.S. Postal Service | 11/05 | $1,400,000,000.00 | 11/06/12 | 0.186% | S/A |
| U.S. Postal Service | 11/06 | $1,123,000,000.00 | 11/07/12 | 0.206% | S/A |
| U.S. Postal Service | 11/07 | $521,000,000.00 | 11/08/12 | 0.216% | S/A |
| U.S. Postal Service | 11/07 | $266,800,000.00 | 11/08/12 | 0.247% | S/A |
| U.S. Postal Service | 11/08 | $312,000,000.00 | 11/09/12 | 0.247% | S/A |
| U.S. Postal Service | 11/08 | $293,800,000.00 | 11/09/12 | 0.257% | S/A |
| U.S. Postal Service | 11/09 | $1,400,000,000.00 | 11/13/12 | 0.247% | S/A |
| U.S. Postal Service | 11/09 | $363,500,000.00 | 11/13/12 | 0.257% | S/A |
| U.S. Postal Service | 11/13 | $1,560,000,000.00 | 11/14/12 | 0.257% | S/A |
| U.S. Postal Service | 11/13 | $255,100,000.00 | 11/14/12 | 0.247% | S/A |
| U.S. Postal Service | 11/14 | $1,300,000,000.00 | 11/15/12 | 0.257% | S/A |
| U.S. Postal Service | 11/14 | $189,400,000.00 | 11/15/12 | 0.277% | S/A |
| U.S. Postal Service | 11/15 | $2,300,000,000.00 | 11/16/12 | 0.247% | S/A |
| U.S. Postal Service | 11/15 | $416,400,000.00 | 11/16/12 | 0.257% | S/A |
| U.S. Postal Service | 11/16 | $2,100,000,000.00 | 11/19/12 | 0.277% | S/A |
| U.S. Postal Service | 11/16 | $385,100,000.00 | 11/19/12 | 0.196% | S/A |
| U.S. Postal Service | 11/19 | $2,000,000,000.00 | 11/20/12 | 0.257% | S/A |
| U.S. Postal Service | 11/19 | $267,100,000.00 | 11/20/12 | 0.186% | S/A |
| U.S. Postal Service | 11/20 | $1,736,000,000.00 | 11/21/12 | 0.196% | S/A |
| U.S. Postal Service | 11/20 | $209,600,000.00 | 11/21/12 | 0.277% | S/A |
| U.S. Postal Service | 11/21 | $1,541,000,000.00 | 11/23/12 | 0.186% | S/A |
| U.S. Postal Service | 11/21 | $216,400,000.00 | 11/23/12 | 0.297% | S/A |
| U.S. Postal Service | 11/23 | $2,626,000,000.00 | 11/26/12 | 0.277% | S/A |
| U.S. Postal Service | 11/23 | $260,000,000.00 | 11/26/12 | 0.287% | S/A |
| U.S. Postal Service | 11/26 | $2,838,000,000.00 | 11/27/12 | 0.297% | S/A |
| U.S. Postal Service | 11/26 | $280,300,000.00 | 11/27/12 | 0.277% | S/A |
| U.S. Postal Service | 11/27 | $2,570,000,000.00 | 11/28/12 | 0.287% | S/A |
| U.S. Postal Service | 11/27 | $326,400,000.00 | 11/28/12 | 0.297% | S/A |
| U.S. Postal Service | 11/28 | $2,434,000,000.00 | 11/29/12 | 0.277% | S/A |
| U.S. Postal Service | 11/28 | $290,400,000.00 | 11/29/12 | 0.297% | S/A |
| U.S. Postal Service | 11/29 | $2,244,000,000.00 | 11/30/12 | 0.297% | S/A |
| U.S. Postal Service | 11/29 | $269,500,000.00 | 11/30/12 | 0.287% | S/A |
| U.S. Postal Service | 11/30 | $1,300,000,000.00 | 11/14/13 | 0.293% | S/A |
| U.S. Postal Service | 11/30 | $3,400,000,000.00 | 12/03/12 | 0.297% | S/A |
| U.S. Postal Service | 11/30 | $599,600,000.00 | 12/03/12 | 0.237% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-SECTION 1705 (RECOVERY) | |||||
| Mesquite | 11/02 | $253,224,896.00 | 1/06/31 | 2.262% | S/A |
| Arizona Solar One | 11/06 | $54,645,549.15 | 12/16/13 | 0.573% | S/A |
| Mojave Solar | 11/07 | $57,732,821.84 | 12/15/36 | 2.653% | S/A |
| Tonopah | 11/15 | $24,046,230.18 | 12/22/36 | 2.515% | S/A |
| High Plains Ranch II | 11/19 | $86,099,271.34 | 2/05/37 | 2.484% | S/A |
| Arizona Solar One | 11/20 | $50,469,727.65 | 12/16/13 | 0.545% | S/A |
| AV Solar | 11/29 | $22,465,400.52 | 1/05/37 | 2.437% | Qtr. |
| Great Basin Transmission | 11/29 | $5,199,195.94 | 9/28/40 | 2.532% | Qtr. |
| Agua Caliente | 11/30 | $35,601,083.93 | 4/06/37 | 2.453% | Qtr. |
| DEPARTMENT OF EDUCATION | |||||
| *Tuskegee Univ. | 11/01 | $2,000,000.00 | 5/01/13 | 0.162% | S/A |
| *Virginia Union Univ. | 11/01 | $123,209.27 | 5/01/13 | 0.162% | S/A |
| Virginia Union Univ. | 11/07 | $164,251.17 | 5/01/42 | 2.441% | S/A |
| Tuskegee Univ. | 11/16 | $2,101,081.85 | 12/03/40 | 2.167% | S/A |
| Meharry Medical College | 11/29 | $761,819.26 | 5/01/42 | 2.295% | S/A |
| Virginia Union Univ. | 11/29 | $228,937.36 | 5/01/42 | 2.287% | S/A |
| Wiley College | 11/30 | $788,572.66 | 10/01/41 | 2.250% | S/A |
| Wiley College | 11/30 | $117,866.94 | 10/01/41 | 2.250% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Bon Homme Yankton Elec. #2687 | 11/08 | $900,000.00 | 12/31/43 | 2.369% | Qtr. |
| Burke-David Elec. #2758 | 11/08 | $1,567,000.00 | 12/31/43 | 2.369% | Qtr. |
| Cherry-Todd Electric #2721 | 11/08 | $372,000.00 | 12/31/43 | 2.369% | Qtr. |
| Hamilton County Elec. #2596 | 11/08 | $865,000.00 | 12/31/43 | 2.369% | Qtr. |
| N. Carolina Elec. #3042 | 11/08 | $2,182,733.00 | 1/03/39 | 2.180% | Qtr. |
| Petit Jean Electric #2796 | 11/08 | $2,549,000.00 | 1/03/45 | 2.400% | Qtr. |
| Tideland Electric #2573 | 11/08 | $5,750,000.00 | 12/31/43 | 2.369% | Qtr. |
| Upson Electric #3093 | 11/08 | $300,000.00 | 12/31/46 | 2.456% | Qtr. |
| W. Farmers Elec. Coop. #2424 | 11/08 | $3,135,000.00 | 12/31/24 | 1.306% | Qtr. |
| W. Farmers Elec. Coop. #2425 | 11/08 | $17,763,000.00 | 12/31/40 | 2.258% | Qtr. |
| W. Farmers Elec. Coop. #2579 | 11/08 | $6,995,000.00 | 12/31/43 | 2.369% | Qtr. |
| W. Farmers Elec. Coop. #2578 | 11/08 | $1,234,000.00 | 12/31/24 | 1.306% | Qtr. |
| Bartlett Elec. #2824 | 11/09 | $787,000.00 | 1/03/45 | 2.337% | Qtr. |
| Farmers Telephone #2650 | 11/09 | $8,746,665.00 | 4/01/13 | 0.133% | Qtr. |
| Pembroke Telephone Coop. #2147 | 11/09 | $31,185.00 | 1/03/22 | 0.909% | Qtr. |
| The Carroll E.M.C. #2417 | 11/13 | $4,141,820.57 | 12/31/42 | 2.259% | Qtr. |
| TRANSCO #2323 | 11/13 | $460,000.00 | 12/31/35 | 1.981% | Qtr. |
| Talquin Electric Coop. #2964 | 11/13 | $3,172,802.83 | 12/31/43 | 2.293% | Qtr. |
| Jasper County Rural Elec #2973 | 11/14 | $600,000.00 | 1/02/46 | 2.237% | Qtr. |
| M & A Electric #3111 | 11/14 | $1,954,000.00 | 1/03/45 | 2.295% | Qtr. |
| Sho-Me Power #2615 | 11/14 | $2,500,000.00 | 12/31/43 | 2.264% | Qtr. |
| Wild Rice Elec. #2595 | 11/14 | $500,000.00 | 12/31/43 | 2.264% | Qtr. |
| Consolidated Tel. Co. #2774 | 11/15 | $5,200,000.00 | 12/31/29 | 1.633% | Qtr. |
| Tri-County Tel Assoc #2681 | 11/15 | $3,366,298.00 | 4/01/13 | 0.128% | Qtr. |
| Farmers Telecom. #2639 | 11/16 | $556,516.00 | 12/31/15 | 0.329% | Qtr. |
| Mon-Cre Telephone #2805 | 11/16 | $900,249.00 | 4/01/13 | 0.113% | Qtr. |
| Trico Electric Coop. #2402 | 11/16 | $5,000,000.00 | 9/30/39 | 2.100% | Qtr. |
| Big Flat Elec. #2879 | 11/19 | $400,000.00 | 1/03/33 | 1.802% | Qtr. |
| Big Sandy Elec. #2641 | 11/19 | $1,000,000.00 | 3/31/14 | 0.189% | Qtr. |
| Farmer's Rural Elec. #2388 | 11/19 | $1,000,000.00 | 4/01/13 | 0.097% | Qtr. |
| Verendrye Elec. #2451 | 11/19 | $1,283,000.00 | 12/31/42 | 2.229% | Qtr. |
| East River Power #2350 | 11/20 | $20,513,000.00 | 12/31/41 | 2.225% | Qtr. |
| Kennebec Telephone #2293 | 11/20 | $263,329.00 | 12/31/25 | 1.328% | Qtr. |
| Midstate Communications #2477 | 11/20 | $1,271,872.00 | 1/03/28 | 1.515% | Qtr. |
| Triangle Telephone Coop #2594 | 11/20 | $5,308,881.00 | 12/31/30 | 1.723% | Qtr. |
| Upsala Coop. Tele. #2646 | 11/21 | $428,516.00 | 4/01/13 | 0.107% | Qtr. |
| Wheat State Tele. #3100 | 11/21 | $1,068,504.00 | 4/01/13 | 0.107% | Qtr. |
| Central Elec. Coop. #3077 | 11/23 | $2,000,000.00 | 1/02/46 | 2.431% | Qtr. |
| Central Virginia Elec. #2657 | 11/23 | $3,000,000.00 | 12/31/43 | 2.370% | Qtr. |
| Clark Energy Coop. #2868 | 11/23 | $2,000,000.00 | 4/01/13 | 0.118% | Qtr. |
| Coop. Assn. Lake Cty #2412 | 11/23 | $700,000.00 | 12/31/42 | 2.336% | Qtr. |
| Nemaha-Marshall Elec Coop. #29 | 11/23 | $1,661,366.60 | 1/02/46 | 2.431% | Qtr. |
| Renville-Sibley #3076 | 11/23 | $2,100,000.00 | 1/02/46 | 2.431% | Qtr. |
| Three River Elec. Coop #2601 | 11/23 | $1,000,000.00 | 12/31/43 | 2.370% | Qtr. |
| Lyon-Coffey Electric #2695 | 11/26 | $800,000.00 | 1/03/45 | 2.406% | Qtr. |
| Central Georgia Elec. #2456 | 11/29 | $9,219,000.00 | 12/31/42 | 2.284% | Qtr. |
| Surry-Yadkin Elec. #3125 | 11/29 | $6,000,000.00 | 12/31/41 | 2.253% | Qtr. |
| Southside Electric #2527 | 11/30 | $325,000.00 | 12/31/42 | 2.285% | Qtr. |
S/A is a Semiannual rate
Qtr. is a Quarterly rate
* maturity extension or interest rate reset or principal rollover
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | November 30, 2012 | October 31, 2012 | 11/01/12-11/30/12 | 10/01/12-11/30/12 |
| Agency Debt | ||||
| U.S. Postal Service | $14,999.6 | $14,999.6 | $0.0 | $0.0 |
| 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 | $493.6 | $493.6 | $0.0 | $0.1 |
| Subtotal* | $15,493.2 | $15,493.2 | $0.0 | $0.1 |
| Agency Assets | ||||
| Rural Utilities Service-CBO | $1,146.5 | $1,146.5 | $0.0 | $0.0 |
| Subtotal* | $1,146.5 | $1,146.5 | $0.0 | $0.0 |
| Government-Guaranteed Lending | ||||
| DOD-Foreign Military Sales | $184.8 | $188.4 | -$3.6 | -$3.6 |
| DoEd-HBCU+ | $928.4 | $925.5 | $2.9 | $5.6 |
| DOE-Adv Technology Vehicles Mfg | $6,939.9 | $6,939.9 | $0.0 | $0.0 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $5,892.5 | $5,332.3 | $560.2 | $724.3 |
| General Services Administration+ | $1,805.9 | $1,806.0 | -$0.1 | -$13.2 |
| Rural Utilities Service | $33,181.8 | $33,038.9 | $142.9 | $251.9 |
| Rural Utilities Service-GETP | $3,674.0 | $3,674.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $0.0 | $0.1 | $0.0 | $0.0 |
| DOT-Section 511 | $0.9 | $0.9 | $0.0 | $0.0 |
| VA Homeless Veterans Housing+ | $4.7 | $4.7 | $0.0 | $0.0 |
| Federal Family Ed. Loan Conduit | $0.0 | $0.0 | $0.0 | $0.0 |
| Subtotal* | $52,612.9 | $51,910.7 | $702.2 | $965.0 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $69,252.6 | $68,550.3 | $702.2 | $965.1 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |