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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 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.

    
Attached to this release are tables presenting FFB November loan activity and FFB holdings as of November 30, 2012.

FEDERAL FINANCING BANK
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




FEDERAL FINANCING BANK HOLDINGS
(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