FEDERAL FINANCING BANK Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of January 2013. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $69.9 billion on January 31, 2013, posting an increase of $292.3 million from the level on December 31, 2012. This net change was the result of an increase in holdings of agency debt of $0.1 million and an increase in net holdings of government-guaranteed loans of $292.2 million. The FFB made 92 disbursements and received no prepayments in the month of January. The FFB also reset the interest rate for one loan guaranteed by the Department of Education, one loan issued by the U.S. Postal Service, and 19 loans issued by the Hope for Homeowners program during the month. In addition, the FFB extended the maturities on two loans guaranteed by the Rural Utilities Service (“RUS”). Attached to this release are tables presenting FFB January loan activity and FFB holdings as of January 31, 2013. |
JANUARY 2013 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 1/02 | $461,300,000.00 | 1/03/13 | 0.196% | S/A |
| U.S. Postal Service | 1/03 | $277,200,000.00 | 1/04/13 | 0.186% | S/A |
| U.S. Postal Service | 1/04 | $1,100,000,000.00 | 1/07/13 | 0.196% | S/A |
| U.S. Postal Service | 1/04 | $319,500,000.00 | 1/07/13 | 0.186% | S/A |
| U.S. Postal Service | 1/07 | $1,250,000,000.00 | 1/08/13 | 0.186% | S/A |
| U.S. Postal Service | 1/07 | $308,000,000.00 | 1/08/13 | 0.176% | S/A |
| U.S. Postal Service | 1/08 | $1,020,000,000.00 | 1/09/13 | 0.186% | S/A |
| U.S. Postal Service | 1/08 | $220,500,000.00 | 1/09/13 | 0.186% | S/A |
| U.S. Postal Service | 1/09 | $917,000,000.00 | 1/10/13 | 0.176% | S/A |
| U.S. Postal Service | 1/09 | $199,500,000.00 | 1/10/13 | 0.166% | S/A |
| U.S. Postal Service | 1/10 | $2,256,000,000.00 | 1/11/13 | 0.186% | S/A |
| U.S. Postal Service | 1/10 | $325,200,000.00 | 1/11/13 | 0.176% | S/A |
| U.S. Postal Service | 1/11 | $500,000,000.00 | 1/14/13 | 0.166% | S/A |
| U.S. Postal Service | 1/11 | $334,600,000.00 | 1/14/13 | 0.166% | S/A |
| U.S. Postal Service | 1/14 | $400,000,000.00 | 1/15/13 | 0.176% | S/A |
| U.S. Postal Service | 1/14 | $218,000,000.00 | 1/15/13 | 0.176% | S/A |
| U.S. Postal Service | 1/15 | $200,000,000.00 | 1/16/13 | 0.166% | S/A |
| U.S. Postal Service | 1/15 | $169,400,000.00 | 1/16/13 | 0.216% | S/A |
| U.S. Postal Service | 1/16 | $171,700,000.00 | 1/17/13 | 0.196% | S/A |
| *U.S. Postal Service | 1/17 | $700,000,000.00 | 4/17/13 | 0.216% | S/A |
| U.S. Postal Service | 1/18 | $919,000,000.00 | 1/22/13 | 0.196% | S/A |
| U.S. Postal Service | 1/18 | $216,300,000.00 | 1/22/13 | 0.166% | S/A |
| U.S. Postal Service | 1/22 | $900,000,000.00 | 1/23/13 | 0.176% | S/A |
| U.S. Postal Service | 1/22 | $384,200,000.00 | 1/23/13 | 0.155% | S/A |
| U.S. Postal Service | 1/23 | $573,000,000.00 | 1/24/13 | 0.166% | S/A |
| U.S. Postal Service | 1/23 | $363,100,000.00 | 1/24/13 | 0.186% | S/A |
| U.S. Postal Service | 1/24 | $474,000,000.00 | 1/25/13 | 0.155% | S/A |
| U.S. Postal Service | 1/24 | $311,100,000.00 | 1/25/13 | 0.186% | S/A |
| U.S. Postal Service | 1/25 | $277,000,000.00 | 1/28/13 | 0.186% | S/A |
| U.S. Postal Service | 1/25 | $289,200,000.00 | 1/28/13 | 0.186% | S/A |
| U.S. Postal Service | 1/28 | $200,000,000.00 | 1/29/13 | 0.186% | S/A |
| U.S. Postal Service | 1/28 | $85,700,000.00 | 1/29/13 | 0.155% | S/A |
| U.S. Postal Service | 1/31 | $3,400,000,000.00 | 2/01/13 | 0.155% | S/A |
| U.S. Postal Service | 1/31 | $599,600,000.00 | 2/01/13 | 0.166% | S/A |
| HOPE FOR HOMEOWNERS | |||||
| *HOPE Bonds | 1/15 | $29,535,000.00 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $62,028.36 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $1,084,546.89 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $145,483.86 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $209,680.01 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $461,000,000.00 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $226,957.01 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $89,335.75 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $61,915.09 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $198,881.68 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $189,973.48 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $183,417.52 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $178,609.95 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $88,526.63 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $12,702.98 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $26,109.37 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $38,922.85 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $114,385.46 | 4/15/13 | 0.080% | Qtr. |
| *HOPE Bonds | 1/15 | $126,714.34 | 4/15/13 | 0.080% | Qtr. |
| HOPE Bonds | 1/15 | $140,580.46 | 4/15/13 | 0.080% | Qtr. |
| GOVERNMENT-GUARANTEED LOANS | |||||
| DOE-SECTION 1705 (RECOVERY) | |||||
| Tonopah | 1/16 | $14,272,519.75 | 12/22/36 | 2.795% | S/A |
| Arizona Solar One | 1/24 | $27,624,101.23 | 12/16/13 | 0.511% | S/A |
| Solar Partners VIII | 1/30 | $12,962,434.34 | 10/27/38 | 2.967% | S/A |
| Solar Partners I | 1/30 | $7,394,389.88 | 6/27/33 | 2.715% | S/A |
| High Plains Ranch II | 1/31 | $102,900,000.00 | 2/05/37 | 2.935% | S/A |
| Great Basin Transmission | 1/31 | $7,852,359.58 | 9/28/40 | 2.918% | Qtr. |
| DEPARTMENT OF EDUCATION | |||||
| *Clark Atlanta University | 1/02 | $5,501,385.32 | 7/01/13 | 0.113% | S/A |
| Clark Atlanta University | 1/17 | $13,733,593.57 | 1/02/20 | 0.757% | S/A |
| Huston-Tillotson Univ. | 1/17 | $86,842.10 | 4/01/42 | 2.553% | S/A |
| Meharry Medical College | 1/17 | $437,585.68 | 5/01/42 | 2.521% | S/A |
| Virginia Union Univ. | 1/23 | $52,684.21 | 5/01/42 | 2.525% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Farmers' Elec Coop. Inc #2787 | 1/02 | $1,200,000.00 | 12/31/13 | 0.157% | Qtr. |
| Tri-County Elec. Coop. #2701 | 1/02 | $4,000,000.00 | 1/03/45 | 2.513% | Qtr. |
| Columbus Electric #2539 | 1/03 | $2,500,000.00 | 12/31/43 | 2.567% | Qtr. |
| Altamaha Elec. #2987 | 1/07 | $5,000,000.00 | 12/31/40 | 2.523% | Qtr. |
| Comanche County Elec. #2599 | 1/07 | $476,634.24 | 3/31/16 | 0.442% | Qtr. |
| Santee Electric Coop. #2598 | 1/07 | $7,200,000.00 | 12/31/43 | 2.636% | Qtr. |
| Butler Rural Elec. #2946 | 1/08 | $3,739,000.00 | 1/03/45 | 2.664% | Qtr. |
| Cumberland Valley #3091 | 1/08 | $3,000,000.00 | 7/01/13 | 0.108% | Qtr. |
| Frontier Power #2710 | 1/08 | $156,000.00 | 7/01/13 | 0.108% | Qtr. |
| High West Energy #2643 | 1/08 | $1,000,000.00 | 12/31/43 | 2.631% | Qtr. |
| Lake Country Power #2885 | 1/08 | $4,500,000.00 | 7/01/13 | 0.108% | Qtr. |
| Steuben Rural Elec. #3151 | 1/08 | $2,000,000.00 | 6/30/14 | 0.205% | Qtr. |
| Wheat State Tele. #3100 | 1/11 | $1,410,040.00 | 7/01/13 | 0.098% | Qtr. |
| People's Coop. Svcs #2694 | 1/14 | $2,000,000.00 | 12/31/43 | 2.588% | Qtr. |
| Roanoke Electric Mem. #3080 | 1/15 | $1,000,000.00 | 12/31/46 | 2.674% | Qtr. |
| Sothwest Louisiana Elec #2629 | 1/15 | $10,000,000.00 | 12/31/43 | 2.586% | Qtr. |
| Bruce Acquisition Corp. #2638 | 1/16 | $1,414,461.00 | 12/31/25 | 1.539% | Qtr. |
| Atchison-Holt Elec. #2568 | 1/17 | $1,586,000.00 | 12/31/43 | 2.543% | Qtr. |
| Medina Electric #2841 | 1/18 | $6,205,000.00 | 1/03/45 | 2.628% | Qtr. |
| South Kentucky Electric #3075 | 1/18 | $15,000,000.00 | 1/02/46 | 2.657% | Qtr. |
| Aiken Elec. #2729 | 1/22 | $5,000,000.00 | 1/03/45 | 2.599% | Qtr. |
| Big Flat Elec. #2879 | 1/22 | $117,000.00 | 1/03/33 | 2.331% | Qtr. |
| Blue Grass Energy #2995 | 1/22 | $5,000,000.00 | 1/02/46 | 2.628% | Qtr. |
| Cherry-Todd Electric #2721 | 1/22 | $1,399,000.00 | 12/31/43 | 2.567% | Qtr. |
| Clark Electric Coop. #2951 | 1/22 | $1,400,000.00 | 1/02/46 | 2.627% | Qtr. |
| Farmer's Rural Elec. #2388 | 1/22 | $1,500,000.00 | 7/01/13 | 0.098% | Qtr. |
| High West Energy #2643 | 1/22 | $2,900,000.00 | 12/31/43 | 2.567% | Qtr. |
| P.K.M. Electric #2770 | 1/22 | $900,000.00 | 12/31/43 | 2.567% | Qtr. |
| Red River Valley #2881 | 1/22 | $2,000,000.00 | 1/03/45 | 2.599% | Qtr. |
| Trico Electric Coop. #2402 | 1/22 | $3,000,000.00 | 9/30/39 | 2.406% | Qtr. |
| Albemarle Electric Corp #3007 | 1/23 | $2,000,000.00 | 1/02/46 | 2.617% | Qtr. |
| FTC Communications #2300 | 1/23 | $4,903,835.00 | 7/01/13 | 0.097% | Qtr. |
| FTC Communications #3109 | 1/23 | $2,065,298.00 | 7/01/13 | 0.097% | Qtr. |
| Marquette-Adams Telephone #303 | 1/24 | $609,179.00 | 7/01/13 | 0.096% | Qtr. |
| Empire Electric #2880 | 1/28 | $2,698,954.42 | 1/03/45 | 2.708% | Qtr. |
| Navajo Tribal #2814 | 1/28 | $5,000,000.00 | 7/01/13 | 0.104% | Qtr. |
| Farmers' Elec Coop. Inc #2787 | 1/29 | $2,000,000.00 | 3/31/14 | 0.179% | Qtr. |
| Grundy Elec. Coop. #3137 | 1/29 | $1,050,000.00 | 7/01/13 | 0.100% | Qtr. |
| Mon-Cre Telephone #2805 | 1/29 | $845,595.00 | 7/01/13 | 0.100% | Qtr. |
| Sangre De Cristo Elec. #2820 | 1/29 | $500,000.00 | 1/03/45 | 2.723% | Qtr. |
| Cent. Alabama Elec. Coop #2575 | 1/30 | $5,001,000.00 | 1/03/39 | 2.529% | Qtr. |
| Dunn Energy Coop. #3044 | 1/31 | $750,000.00 | 1/02/46 | 2.786% | Qtr. |
| Empire Electric #2880 | 1/31 | $2,400,000.00 | 1/03/45 | 2.757% | Qtr. |
| Sho-Me Power #2615 | 1/31 | $3,500,000.00 | 3/31/15 | 0.283% | Qtr. |
| Stearns Cooperative #3139 | 1/31 | $2,000,000.00 | 7/01/13 | 0.099% | Qtr. |
| Swan's Island Electric #3061 | 1/31 | $47,000.00 | 1/02/46 | 2.786% | Qtr. |
| Victory Electric #2551 | 1/31 | $35,050.00 | 3/31/23 | 1.888% | Qtr. |
| West Oregon Electric #2577 | 1/31 | $1,000,000.00 | 12/31/43 | 2.724% | Qtr. |
| RURAL UTILITIES SERVICE - GETP | |||||
| *CFC | 1/15 | $100,000,000.00 | 1/16/18 | 0.778% | Qtr. |
| *CFC | 1/15 | $100,000,000.00 | 1/16/18 | 0.778% | 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 | January 31, 2013 | December 31, 2012 | 1/01/13- 1/31/13 | 10/01/12- 1/31/13 |
| 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 | $493.7 | $493.6 | $0.1 | $0.3 |
| Subtotal* | $15,493.3 | $15,493.2 | $0.1 | $0.3 |
| 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 | $178.7 | $184.8 | -$6.1 | -$9.7 |
| DoEd-HBCU+ | $943.0 | $931.3 | $11.7 | $20.3 |
| DOE-Adv Technology Vehicles Mfg | $6,852.8 | $6,852.8 | $0.0 | -$87.1 |
| DOE-Section 1703 (Non-Recovery) | $0.0 | $0.0 | $0.0 | $0.0 |
| DOE-Section 1705 (Recovery) | $6,547.5 | $6,374.5 | $173.0 | $1,379.3 |
| General Services Administration+ | $1,783.5 | $1,803.0 | -$19.4 | -$35.6 |
| Rural Utilities Service | $33,235.6 | $33,102.6 | $133.0 | $305.8 |
| Rural Utilities Service-GETP | $3,674.0 | $3,674.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $0.0 | $0.0 | $0.0 | $0.0 |
| DOT-Section 511 | $0.9 | $0.9 | $0.0 | -$0.1 |
| 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* | $53,220.7 | $52,928.5 | $292.2 | $1,572.8 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $69,860.5 | $69,568.2 | $292.3 | $1,573.0 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |