Gary H. Burner, Manager, Federal Financing Bank (FFB) announced the following activity for the month of November 2006. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $29.6 billion on November 30, 2006, posting a decrease of $70.7 million from the level on October 31, 2006. This net change was the result of decreases in net holdings of agency debt (U.S. Postal Service) of $58.9 million and in net holdings of government-guaranteed loans of $11.8 million. The FFB made 29 disbursements during the month of November. The FFB also reset the interest rate on one loan guaranteed by the Department of Education. Attached to this release are tables presenting November loan activity and FFB holdings as of November 30, 2006. |
FEDERAL FINANCING BANK
NOVEMBER 2006 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 11/03 | $370,900,000.00 | 11/06/06 | 5.313% | S/A |
| U.S. Postal Service | 11/06 | $400,000,000.00 | 11/07/06 | 5.316% | S/A |
| U.S. Postal Service | 11/06 | $209,200,000.00 | 11/07/06 | 5.313% | S/A |
| U.S. Postal Service | 11/07 | $200,000,000.00 | 11/08/06 | 5.327% | S/A |
| U.S. Postal Service | 11/20 | $376,100,000.00 | 11/21/06 | 5.333% | S/A |
| U.S. Postal Service | 11/21 | $77,400,000.00 | 11/22/06 | 5.387% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| San Francisco Bldg Lease | 11/03 | $3,398,761.64 | 8/01/35 | 4.871% | S/A |
| San Francisco Bldg Lease | 11/03 | $19,321.58 | 8/01/35 | 4.871% | S/A |
| San Francisco Bldg Lease | 11/03 | $124,529.35 | 8/01/35 | 4.871% | S/A |
| San Francisco OB | 11/07 | $169,515.18 | 2/01/35 | 4.959% | S/A |
| Foley Services Contract | 11/15 | $10,663.08 | 7/31/25 | 4.809% | S/A |
| Foley Services Contract | 11/15 | $359,366.42 | 7/31/25 | 4.809% | S/A |
| Foley Services Contract | 11/22 | $765,282.51 | 7/31/25 | 4.817% | S/A |
| San Francisco Bldg Lease | 11/29 | $64,718.61 | 8/01/35 | 4.767% | S/A |
| San Francisco OB | 11/29 | $507,247.50 | 2/01/35 | 4.769% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Tuskegee Univ. | 11/01 | $2,000,000.00 | 5/01/07 | 5.127% | S/A |
| South Carolina State Univ. | 11/09 | $2,158,988.24 | 3/01/35 | 4.977% | S/A |
| Harris Stowe State Univ. | 11/15 | $424,613.65 | 10/01/35 | 4.668% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Southern Iowa Electric #2044 | 11/06 | $900,000.00 | 12/31/37 | 4.812% | Qtr. |
| Wilkes Tele. & Elec. #851 | 11/07 | $326,000.00 | 12/31/18 | 4.698% | Qtr. |
| Great River Energy #2266 | 11/09 | $13,600,000.00 | 12/31/30 | 4.728% | Qtr. |
| Great River Energy #2267 | 11/09 | $8,400,000.00 | 1/03/28 | 4.719% | Qtr. |
| Great River Energy #2268 | 11/09 | $6,600,000.00 | 12/31/35 | 4.728% | Qtr. |
| Great River Energy #2269 | 11/09 | $5,500,000.00 | 12/31/25 | 4.706% | Qtr. |
| North Georgia Elec. #2135 | 11/13 | $3,496,000.00 | 12/31/37 | 4.734% | Qtr. |
| United Power Assoc. #721 | 11/14 | $5,900,000.00 | 12/31/30 | 4.708% | Qtr. |
| Grand Valley Rural #873 | 11/15 | $30,000.00 | 12/31/36 | 4.670% | Qtr. |
| Dairyland Power #2262 | 11/27 | $5,490,000.00 | 12/31/40 | 4.637% | Qtr. |
| N. Carolina Elec. #2260 | 11/27 | $36,831,000.00 | 12/31/26 | 4.649% | Qtr. |
| Scott County Telephone #2175 | 11/27 | $255,000.00 | 12/31/20 | 4.583% | Qtr. |
FEDERAL FINANCING BANK HOLDINGS
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | November 30, 2006 | October 31, 2006 | 11/01/06-11/30/06 | 10/01/06-11/30/06 |
| Agency Debt | ||||
| U.S. Postal Service | $0.0 | $58.9 | -$58.9 | -$2,100.0 |
| National Credit Union Adm.-CLF | $0.0 | $0.0 | $0.0 | $0.0 |
| Subtotal* | $0.0 | $58.9 | -$58.9 | -$2,100.0 |
| Agency Assets | ||||
| Rural Utilities Service-CBO | $3,916.6 | $3,916.6 | $0.0 | $0.0 |
| Subtotal* | $3,916.6 | $3,916.6 | $0.0 | $0.0 |
| Government-Guaranteed Lending | ||||
| DOD-Foreign Military Sales | $1,008.3 | $1,021.3 | -$12.9 | -$15.6 |
| DoEd-HBCU+ | $156.9 | $154.4 | $2.4 | $2.4 |
| DHUD-Community Dev. Block Grant | $0.0 | $0.0 | $0.0 | $0.0 |
| DHUD-Public Housing Notes | $790.6 | $884.0 | -$93.3 | -$93.3 |
| General Services Administration+ | $2,148.0 | $2,142.7 | $5.4 | $0.6 |
| DOI-Virgin Islands | $3.2 | $3.2 | $0.0 | $0.0 |
| DON-Ship Lease Financing | $170.6 | $170.6 | $0.0 | $0.0 |
| Rural Utilities Service | $19,398.7 | $19,311.4 | $87.3 | $31.9 |
| Rural Utilities Service-GETP | $2,000.0 | $2,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $25.0 | $25.7 | -$0.7 | -$1.5 |
| DOT-Section 511 | $2.5 | $2.5 | $0.0 | $0.0 |
| VA Homeless Veterans Housing | $3.1 | $3.1 | $0.0 | $0.7 |
| Subtotal* | $25,707.0 | $25,718.8 | -$11.8 | -$74.8 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $29,623.6 | $29,694.3 | -$70.7 | -$2,174.8 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |