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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 October 2013.

     FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $73.1 billion on October 31, 2013, posting an increase of $176.3 million from the level on September 30, 2013. This net change was the result of increases in net holdings of government-guaranteed loans of $176.2 million and agency debt of $0.1 million.  The FFB made 90 disbursements and received 13 prepayments in the month of October.  The FFB also reset the interest rate on 24 loans guaranteed by the Department of Education and 22 loans issued by the Hope for Homeowners program. 

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

FEDERAL FINANCING BANK
OCTOBER 2013 ACTIVITY

Amount Final Interest
Borrower Date of Advance Maturity Rate
AGENCY DEBT
U.S. POSTAL SERVICE
U.S. Postal Service 10/01 $400,000,000.00 10/02/13 0.155% S/A
U.S. Postal Service 10/01 $387,700,000.00 10/02/13 0.226% S/A
U.S. Postal Service 10/02 $225,000,000.00 10/03/13 0.155% S/A
U.S. Postal Service 10/02 $374,100,000.00 10/03/13 0.206% S/A
U.S. Postal Service 10/03 $377,800,000.00 10/04/13 0.257% S/A
U.S. Postal Service 10/04 $170,300,000.00 10/07/13 0.247% S/A
U.S. Postal Service 10/11 $200,000,000.00 10/15/13 0.399% S/A
U.S. Postal Service 10/11 $96,800,000.00 10/15/13 0.389% S/A
U.S. Postal Service 10/15 $1,400,000,000.00 10/16/13 0.389% S/A
U.S. Postal Service 10/15 $404,800,000.00 10/16/13 0.480% S/A
U.S. Postal Service 10/16 $1,000,000,000.00 10/17/13 0.389% S/A
U.S. Postal Service 10/16 $516,000,000.00 10/17/13 0.267% S/A
U.S. Postal Service 10/17 $1,645,000,000.00 10/18/13 0.480% S/A
U.S. Postal Service 10/17 $419,000,000.00 10/18/13 0.135% S/A
U.S. Postal Service 10/18 $1,480,000,000.00 10/21/13 0.267% S/A
U.S. Postal Service 10/18 $489,000,000.00 10/21/13 0.135% S/A
U.S. Postal Service 10/21 $1,400,000,000.00 10/22/13 0.135% S/A
U.S. Postal Service 10/21 $216,900,000.00 10/22/13 0.145% S/A
U.S. Postal Service 10/22 $1,200,000,000.00 10/23/13 0.135% S/A
U.S. Postal Service 10/22 $107,900,000.00 10/23/13 0.166% S/A
U.S. Postal Service 10/23 $850,000,000.00 10/24/13 0.145% S/A
U.S. Postal Service 10/23 $286,400,000.00 10/24/13 0.145% S/A
U.S. Postal Service 10/24 $691,000,000.00 10/25/13 0.166% S/A
U.S. Postal Service 10/24 $273,200,000.00 10/25/13 0.145% S/A
U.S. Postal Service 10/25 $1,787,000,000.00 10/28/13 0.145% S/A
U.S. Postal Service 10/25 $282,800,000.00 10/28/13 0.145% S/A
U.S. Postal Service 10/28 $700,000,000.00 1/23/14 0.155% S/A
U.S. Postal Service 10/28 $1,270,000,000.00 10/29/13 0.145% S/A
U.S. Postal Service 10/28 $253,700,000.00 10/29/13 0.145% S/A
U.S. Postal Service 10/29 $1,050,000,000.00 10/30/13 0.145% S/A
U.S. Postal Service 10/29 $201,500,000.00 10/30/13 0.186% S/A
U.S. Postal Service 10/30 $815,000,000.00 10/31/13 0.145% S/A
U.S. Postal Service 10/30 $360,800,000.00 10/31/13 0.176% S/A
U.S. Postal Service 10/31 $3,400,000,000.00 11/01/13 0.186% S/A
U.S. Postal Service 10/31 $599,600,000.00 11/01/13 0.155% S/A
HOPE FOR HOMEOWNERS
*HOPE Bonds 10/15 $29,535,000.00 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $62,028.36 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $1,084,546.89 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $145,483.86 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $209,680.01 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $461,000,000.00 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $226,957.01 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $89,335.75 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $61,915.09 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $198,881.68 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $189,973.48 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $183,417.52 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $178,609.95 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $88,526.63 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $12,702.98 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $26,109.37 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $38,922.85 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $114,385.46 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $126,714.34 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $140,580.46 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $97,390.11 1/15/14 0.080% Qtr.
*HOPE Bonds 10/15 $76,331.02 1/15/14 0.080% Qtr.
HOPE Bonds 10/15 $52,284.40 1/15/14 0.080% Qtr.
GOVERNMENT-GUARANTEED LOANS
DOE-SECTION 1705 (RECOVERY)
Great Basin Transmission 10/16 $8,156,365.90 9/28/40 3.572% Qtr.
DEPARTMENT OF EDUCATION
*Bennett College 10/01 $227,003.69 4/01/14 0.040% S/A
*Bennett College 10/01 $162,845.04 4/01/14 0.040% S/A
*Bennett College 10/01 $398,209.65 4/01/14 0.040% S/A
*Bennett College 10/01 $68,188.73 4/01/14 0.040% S/A
*Bennett College 10/01 $111,914.52 4/01/14 0.040% S/A
*Bennett College 10/01 $337,700.82 4/01/14 0.040% S/A
*Bennett College 10/01 $500,845.60 4/01/14 0.040% S/A
*Bennett College 10/01 $509,385.50 4/01/14 0.040% S/A
*Bennett College 10/01 $512,161.16 4/01/14 0.040% S/A
*Bennett College 10/01 $750,980.16 4/01/14 0.040% S/A
*Bennett College 10/01 $792,394.66 4/01/14 0.040% S/A
*Bennett College 10/01 $595,311.72 4/01/14 0.040% S/A
*Bennett College 10/01 $637,769.43 4/01/14 0.040% S/A
*Bennett College 10/01 $840,978.72 4/01/14 0.040% S/A
*Bennett College 10/01 $830,854.03 4/01/14 0.040% S/A
*Bennett College 10/01 $852,306.73 4/01/14 0.040% S/A
*Bennett College 10/01 $731,149.12 4/01/14 0.040% S/A
*Bennett College 10/01 $935,013.39 4/01/14 0.040% S/A
*Bennett College 10/01 $232,335.77 4/01/14 0.040% S/A
*Bennett College 10/01 $369,114.39 4/01/14 0.040% S/A
*Bennett College 10/01 $538,375.95 4/01/14 0.040% S/A
*Bennett College 10/01 $79,291.77 4/01/14 0.040% S/A
*Bennett College 10/01 $88,633.04 4/01/14 0.040% S/A
*Bennett College 10/01 $24,899.26 4/01/14 0.040% S/A
The Benedict College 10/04 $187,257.90 4/01/43 3.302% S/A
The Benedict College 10/04 $10,783.82 4/01/43 3.302% S/A
Claflin University 10/04 $240,002.57 4/01/43 3.329% S/A
Wiley College 10/04 $212,447.97 10/01/41 3.229% S/A
Tuskegee Univ. 10/16 $573,702.41 12/03/40 3.300% S/A
The Benedict College 10/24 $561,543.39 4/01/43 3.183% S/A
The Benedict College 10/24 $164,142.15 4/01/43 3.183% S/A
The Benedict College 10/24 $101,920.13 4/01/43 3.183% S/A
The Benedict College 10/24 $24,863.69 4/01/43 3.183% S/A
Florida Memorial Univ. 10/24 $169,390.64 4/01/42 3.150% S/A
LeMOYNE-OWEN COLLEGE 10/24 $478,876.25 4/01/42 3.150% S/A
Meharry Medical College 10/24 $2,706,932.74 5/01/42 3.154% S/A
Virginia Union Univ. 10/24 $777,214.47 5/01/42 3.145% S/A
Wiley College 10/24 $163,351.92 10/01/41 3.113% S/A
RURAL UTILITIES SERVICE
Twin Valley Elec Co #3138 10/03 $956,400.00 12/31/46 3.375% Qtr.
C & L Electric #2935 10/10 $7,000,000.00 1/02/46 3.378% Qtr.
NC Telephone #3025 10/22 $489,045.00 12/31/25 2.154% Qtr.
Lincoln Electric #2499 10/24 $1,254,000.00 12/31/42 3.142% Qtr.
Runestone Electric Ass. #3218 10/24 $2,400,000.00 3/31/14 0.063% Qtr.
Tipmont Rural Electric #3033 10/24 $8,000,000.00 1/02/46 3.230% Qtr.
Bartlett Elec. #2824 10/25 $995,000.00 1/03/45 3.221% Qtr.
Central Texas Elec. #2826 10/25 $11,000,000.00 1/03/45 3.221% Qtr.
Citizens Elec. #3265 10/25 $4,228,024.00 12/31/47 3.299% Qtr.
Highline Elec. #3063 10/25 $5,000,000.00 1/02/46 3.247% Qtr.
Poudre Valley Rural Elec. #294 10/25 $10,000,000.00 1/03/45 3.221% Qtr.
Alger-Delta Co-Op #2488 10/28 $600,000.00 12/31/42 3.150% Qtr.
DS&O Electric Coop. #3012 10/28 $1,200,000.00 1/02/46 3.238% Qtr.
East Kentucky Power #2530 10/28 $36,347,000.00 1/03/40 3.037% Qtr.
East Kentucky Power #2767 10/28 $11,315,000.00 12/31/40 3.077% Qtr.
Escambia River Elec. #2739 10/28 $500,000.00 1/03/45 3.211% Qtr.
Minnkota Power #3254 10/28 $66,688,000.00 12/31/46 3.264% Qtr.
Minnkota Power #3255 10/28 $17,765,000.00 12/31/47 3.288% Qtr.
Northern Electric Coop. #3178 10/28 $1,000,000.00 12/31/46 3.265% Qtr.
Warren Elec. Coop. #2526 10/28 $6,425,000.00 12/31/42 3.150% Qtr.
Arkansas Elec. #2817 10/29 $17,543,261.26 12/31/40 3.089% Qtr.
Butte Electric Coop #3250 10/29 $3,000,000.00 12/31/47 3.301% Qtr.
The Calhoun County Elec. #2932 10/29 $410,000.00 1/02/46 3.251% Qtr.
Fox Islands Elec. Coop. #3048 10/29 $308,000.00 1/02/46 3.251% Qtr.
Harrison Rural Elec. Assoc #30 10/29 $1,500,000.00 1/02/46 3.251% Qtr.
Minnesota Valley Coop. #2892 10/29 $592,000.00 3/31/14 0.068% Qtr.
Nodak Electric Coop. #2454 10/29 $1,480,000.00 12/31/41 3.127% Qtr.
Prairie Energy Coop. #2491 10/29 $4,000,000.00 3/31/15 0.182% Qtr.
South Miss. Elec. #3243 10/29 $52,378,000.00 1/02/46 3.252% Qtr.
Union Electric #2492 10/29 $15,000,000.00 12/31/37 2.964% Qtr.
West Florida Electric #2738 10/29 $5,100,000.00 1/03/40 3.050% Qtr.
Baldwin Telecom, Inc. #2999 10/30 $400,001.00 3/31/14 0.069% Qtr.
Mid-Plains Rural Tel. #2533 10/30 $364,015.00 12/31/30 2.545% Qtr.
Flint Hills Rural Elec. #3212 10/31 $1,120,000.00 12/31/46 3.300% Qtr.
N. Carolina Elec. #3042 10/31 $5,552,000.00 1/03/39 3.028% Qtr.
N. Carolina Elec. #3154 10/31 $4,272,000.00 1/03/39 3.029% Qtr.
Northfork Electric #3032 10/31 $3,000,000.00 12/31/46 3.297% Qtr.
Oglethorpe Power #2806 10/31 $13,217,065.00 12/31/43 3.094% Qtr.
San Isabel Elec. #2495 10/31 $7,626,000.00 12/31/42 3.182% 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 October 31, 2013 September 30, 2013 10/01/13-10/31/13 10/01/13-10/31/13
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 $0.1 $0.1
Subtotal* $15,493.5 $15,493.5 $0.1 $0.1
Agency Assets
Rural Utilities Service-CBO $802.7 $802.7 $0.0 $0.0
Subtotal* $802.7 $802.7 $0.0 $0.0
Government-Guaranteed Lending
DOD-Foreign Military Sales $80.1 $80.1 $0.0 $0.0
DoEd-HBCU+ $1,133.6 $1,128.6 $5.0 $5.0
DOE-Adv Technology Vehicles Mfg $5,810.3 $5,961.8 -$151.4 -$151.4
DOE-Section 1703 (Non-Recovery) $0.0 $0.0 $0.0 $0.0
DOE-Section 1705 (Recovery) $7,900.8 $7,894.1 $6.7 $6.7
General Services Administration+ $1,719.0 $1,733.0 -$14.0 -$14.0
Rural Utilities Service $36,166.7 $35,836.7 $330.0 $330.0
Rural Utilities Service-GETP $3,999.0 $3,999.0 $0.0 $0.0
DOT-Section 511 $0.6 $0.6 $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* $56,814.8 $56,638.6 $176.2 $176.2
========= ========= ========= =========
Grand total* $73,111.1 $72,934.8 $176.3 $176.3
_______________________________________
* figures may not total due to rounding
+ does not include capitalized interest