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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 2013.

      FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $73.1 billion on August 31, 2013, posting an increase of $218.0 million from the level on July 31, 2013. This change was the result of an increase in net holdings of government-guaranteed loans of $218.0 million.  The FFB made 111 disbursements and received 17 prepayments in the month of August. 

Attached to this release are tables presenting FFB August loan activity and FFB holdings as of August 31, 2013.

FEDERAL FINANCING BANK
AUGUST 2013 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 8/02 $623,000,000.00 8/05/13 0.155% S/A
U.S. Postal Service 8/02 $352,300,000.00 8/05/13 0.145% S/A
U.S. Postal Service 8/05 $783,000,000.00 8/06/13 0.145% S/A
U.S. Postal Service 8/05 $330,300,000.00 8/06/13 0.155% S/A
U.S. Postal Service 8/06 $600,000,000.00 8/07/13 0.145% S/A
U.S. Postal Service 8/06 $182,000,000.00 8/07/13 0.176% S/A
U.S. Postal Service 8/07 $522,000,000.00 8/08/13 0.155% S/A
U.S. Postal Service 8/07 $133,600,000.00 8/08/13 0.176% S/A
U.S. Postal Service 8/08 $337,000,000.00 8/09/13 0.176% S/A
U.S. Postal Service 8/08 $152,300,000.00 8/09/13 0.176% S/A
U.S. Postal Service 8/09 $355,100,000.00 8/12/13 0.176% S/A
U.S. Postal Service 8/12 $194,900,000.00 8/13/13 0.176% S/A
U.S. Postal Service 8/16 $424,000,000.00 8/19/13 0.186% S/A
U.S. Postal Service 8/16 $392,100,000.00 8/19/13 0.176% S/A
U.S. Postal Service 8/19 $659,000,000.00 8/20/13 0.176% S/A
U.S. Postal Service 8/19 $360,600,000.00 8/20/13 0.155% S/A
U.S. Postal Service 8/20 $500,000,000.00 8/21/13 0.176% S/A
U.S. Postal Service 8/20 $271,600,000.00 8/21/13 0.155% S/A
U.S. Postal Service 8/21 $400,000,000.00 8/22/13 0.155% S/A
U.S. Postal Service 8/21 $244,000,000.00 8/22/13 0.145% S/A
U.S. Postal Service 8/22 $193,000,000.00 8/23/13 0.155% S/A
U.S. Postal Service 8/22 $286,400,000.00 8/23/13 0.135% S/A
U.S. Postal Service 8/23 $309,700,000.00 8/26/13 0.145% S/A
U.S. Postal Service 8/26 $130,300,000.00 8/27/13 0.155% S/A
U.S. Postal Service 8/30 $3,400,000,000.00 9/03/13 0.166% S/A
U.S. Postal Service 8/30 $599,600,000.00 9/03/13 0.145% S/A
GOVERNMENT-GUARANTEED LOANS
DOE-SECTION 1705 (RECOVERY)
Mojave Solar 8/06 $64,838,993.00 12/15/15 0.787% S/A
Solar Partners I 8/09 $5,486,039.19 6/27/33 3.236% S/A
Solar Partners II 8/09 $1,733,562.44 3/01/38 3.456% S/A
Great Basin Transmission 8/29 $12,969,786.35 9/28/40 3.594% Qtr.
Agua Caliente 8/30 $9,649,086.56 4/06/37 3.473% Qtr.
Mojave Solar 8/30 $26,941,020.09 12/15/15 0.882% S/A
Solar Partners I 8/30 $2,050,377.00 6/27/33 3.354% S/A
DEPARTMENT OF EDUCATION
Florida Memorial Univ. 8/15 $30,315.79 4/01/42 3.352% S/A
LeMOYNE-OWEN COLLEGE 8/15 $1,369,026.33 4/01/42 3.352% S/A
Tuskegee Univ. 8/15 $1,479,336.19 12/03/40 3.290% S/A
Tuskegee Univ. 8/15 $1,839,650.34 12/03/40 3.290% S/A
Meharry Medical College 8/29 $1,697,145.41 5/01/42 3.380% S/A
Tuskegee Univ. 8/29 $3,844,213.41 12/03/40 3.316% S/A
Virginia Union Univ. 8/29 $6,178.46 5/01/42 3.369% S/A
Virginia Union Univ. 8/29 $107,233.68 5/01/42 3.369% S/A
RURAL UTILITIES SERVICE
Consolidated Tel. Co. #2774 8/01 $700,000.00 12/31/29 2.561% Qtr.
Irwin Electric #3237 8/01 $4,400,000.00 12/31/47 3.339% Qtr.
Kenergy Corp. #2928 8/01 $2,500,000.00 12/31/13 0.068% Qtr.
Logan County Coop. #2463 8/01 $163,000.00 12/31/42 3.202% Qtr.
Orcas Power and Light #2911 8/01 $1,000,000.00 1/02/46 3.288% Qtr.
Central Valley Elec. Coop #320 8/05 $5,000,000.00 12/31/13 0.061% Qtr.
Cotton Electric Coop #3228 8/05 $5,000,000.00 12/31/47 3.387% Qtr.
Kotzebue Electric #3221 8/05 $2,024,000.00 12/31/42 3.253% Qtr.
Steele-Waseca Coop. #2735 8/05 $3,170,000.00 1/03/45 3.308% Qtr.
Tri-County Electric #2927 8/05 $8,960,000.00 1/02/46 3.335% Qtr.
Colquitt Elec. #3124 8/06 $5,000,000.00 12/31/46 3.402% Qtr.
Dixie Electric #2481 8/06 $8,000,000.00 12/31/42 3.286% Qtr.
San Patricio Elec. #2716 8/06 $6,845,000.00 12/31/43 3.318% Qtr.
KanOkla Telephone #2697 8/07 $2,916,447.00 12/31/13 0.065% Qtr.
Lackawaxen Tel. Ser. Inc #2281 8/07 $392,000.00 9/30/15 0.225% Qtr.
Lackawaxen Tel. Ser. Inc #2281 8/07 $392,000.00 10/01/18 0.854% Qtr.
La Porte #3026 8/07 $775,362.00 12/31/30 2.628% Qtr.
Cloverland #2777 8/08 $1,700,000.00 12/31/13 0.067% Qtr.
Cloverland #2933 8/08 $1,650,000.00 12/31/13 0.067% Qtr.
Mountain View Electric #2897 8/08 $5,000,000.00 1/03/45 3.295% Qtr.
Navajo Tribal #2814 8/08 $2,000,000.00 12/31/13 0.067% Qtr.
Niobrara Electric Assoc. #3047 8/08 $500,000.00 1/02/46 3.196% Qtr.
Northwest Electric #3102 8/08 $11,450,000.00 12/31/46 3.346% Qtr.
Mid-Carolina Elec. #2511 8/09 $8,000,000.00 12/31/42 3.220% Qtr.
TOLEDO TELEPHONE #3028 8/09 $7,989,300.00 1/03/34 2.833% Qtr.
Appalachian Elec. #2623 8/12 $2,500,000.00 12/31/43 3.241% Qtr.
Brown County Elec. #2883 8/12 $1,000,000.00 1/03/45 3.269% Qtr.
Caddo Elec. Coop. #2904 8/12 $6,000,000.00 1/02/46 3.294% Qtr.
East Central Energy #2993 8/12 $7,000,000.00 1/02/24 2.507% Qtr.
Hart Elec. #2759 8/12 $5,000,000.00 12/31/13 0.061% Qtr.
Meriwether Lewis Elec. #2696 8/12 $5,000,000.00 12/31/43 3.241% Qtr.
Tongue River #2960 8/12 $400,000.00 1/02/46 3.294% Qtr.
Firelands Elec. #2493 8/13 $500,000.00 12/31/42 3.244% Qtr.
Nespelem Valley Electric #2587 8/13 $300,000.00 12/31/43 3.154% Qtr.
Swan's Island Electric #3061 8/13 $152,000.00 1/02/46 3.328% Qtr.
Deep East Texas Elec. #3020 8/14 $4,700,000.00 12/31/42 3.334% Qtr.
Adams Rural Electric #2375 8/15 $1,000,000.00 12/31/13 0.061% Qtr.
Chariton Valley #2828 8/15 $1,380,000.00 1/03/45 3.392% Qtr.
Jackson Electric #2356 8/15 $362,922.00 12/31/42 3.335% Qtr.
KODIAK ELECTRIC ASSOCI #2795 8/15 $1,500,000.00 1/03/39 3.191% Qtr.
Pennyrile Elec. #2467 8/15 $5,056,000.00 12/31/13 0.061% Qtr.
PUD-Jefferson Cty #3195 8/15 $764,000.00 12/31/41 3.308% Qtr.
Farmers' Elec. #2779 8/16 $3,300,000.00 1/03/45 3.452% Qtr.
Heartland Rural Elec. #3224 8/16 $515,000.00 12/31/42 3.403% Qtr.
South River Electric #2923 8/21 $6,000,000.00 1/02/46 3.528% Qtr.
Arkansas Valley Elec. #2882 8/22 $5,000,000.00 1/02/46 3.572% Qtr.
Garden Valley Telephone #2901 8/22 $1,400,000.00 1/03/33 3.043% Qtr.
NC Telephone #3025 8/22 $135,127.00 12/31/25 2.420% Qtr.
N.E. Missouri Elec. #2420 8/22 $1,495,000.00 12/31/40 3.422% Qtr.
Reservation Tel Coop #2863 8/22 $1,208,572.00 12/31/13 0.054% Qtr.
Alger-Delta Co-Op #2488 8/23 $2,580,000.00 12/31/42 3.486% Qtr.
The Calhoun County Elec. #2932 8/23 $190,000.00 1/02/46 3.565% Qtr.
Capital Electric Coop #2760 8/23 $2,500,000.00 1/03/45 3.541% Qtr.
Cherry-Todd Electric #2721 8/23 $766,000.00 12/31/43 3.516% Qtr.
Douglas Electric #2869 8/23 $25,000.00 1/02/46 3.565% Qtr.
Federal Rural Elec. #2712 8/23 $2,450.00 12/31/13 0.044% Qtr.
M & A Electric #3111 8/23 $5,402,812.98 1/03/45 3.541% Qtr.
Maquoketa Valley #3130 8/23 $1,250,000.00 12/31/46 3.589% Qtr.
Mon-Cre Telephone #2805 8/23 $114,893.00 12/31/13 0.044% Qtr.
Northern Plains Elec. #3175 8/23 $3,000,000.00 12/31/46 3.589% Qtr.
Ravalli #2756 8/26 $2,250,000.00 1/03/45 3.460% Qtr.
Umatilla Electric #3065 8/26 $5,000,000.00 1/02/46 3.484% Qtr.
Union Electric #2492 8/26 $30,000,000.00 12/31/37 3.229% Qtr.
Midstate Communications #2477 8/27 $1,009,065.00 1/03/28 2.566% Qtr.
Sangre De Cristo Elec. #2820 8/27 $500,000.00 1/03/45 3.429% Qtr.
Northwest Communications #3185 8/28 $1,444,689.00 12/31/13 0.057% Qtr.
Great Lakes Energy #2997 8/29 $5,000,000.00 3/31/14 0.082% Qtr.
Southern Iowa Electric #3155 8/29 $820,000.00 1/03/34 3.003% Qtr.
Coosa Valley Elec. Coop #2564 8/30 $5,700,000.00 12/31/43 3.337% Qtr.
East Kentucky Power #2532 8/30 $11,787,000.00 1/03/40 3.213% 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, 2013 July 31, 2013 8/01/13- 8/31/13 10/01/12- 8/31/13
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 $493.9 $493.9 $0.0 $0.4
Subtotal* $15,493.5 $15,493.5 $0.0 $0.4
Agency Assets
Rural Utilities Service-CBO $959.5 $959.5 $0.0 -$187.0
Subtotal* $959.5 $959.5 $0.0 -$187.0
Government-Guaranteed Lending
DOD-Foreign Military Sales $97.8 $124.7 -$26.8 -$90.6
DoEd-HBCU+ $1,106.0 $1,096.7 $9.3 $183.3
DOE-Adv Technology Vehicles Mfg $6,124.3 $6,166.7 -$42.3 -$815.5
DOE-Section 1703 (Non-Recovery) $0.0 $0.0 $0.0 $0.0
DOE-Section 1705 (Recovery) $7,811.1 $7,763.3 $47.8 $2,642.9
General Services Administration+ $1,737.2 $1,739.3 -$2.1 -$82.0
Rural Utilities Service $35,813.3 $35,581.1 $232.2 $2,883.4
Rural Utilities Service-GETP $3,999.0 $3,999.0 $0.0 $325.0
SBA-State/Local Development Cos. $0.0 $0.0 $0.0 -$0.1
DOT-Section 511 $0.7 $0.7 $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* $56,694.1 $56,476.1 $218.0 $5,046.2
========= ========= ========= =========
Grand total* $73,147.1 $72,929.1 $218.0 $4,859.6
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest