AUGUST 2009 NEWS RELEASE Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of July 2009. FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $57.1 billion on July 31, 2009, posting a decrease of $234.3 million from the level on June 30, 2009. This net change was the result of a decrease in net holdings of agency debt of $454.4 million and an increase in net holdings of government-guaranteed loans of $220.1 million. The FFB made 51 disbursements and received one prepayment. The FFB also reset the interest rate for one loan guaranteed by the Department of Education and 5 loans issued by the HOPE for Homeowners program during the month of July. Attached to this release are tables presenting FFB July loan activity and FFB holdings as of July 31, 2009. |
JULY 2009 ACTIVITY
| Amount | Final | Interest | |||
|---|---|---|---|---|---|
| Borrower | Date | of Advance | Maturity | Rate | |
| AGENCY DEBT | |||||
| NATIONAL CREDIT UNION ADM - CLF | |||||
| National Credit Union | 7/30 | $3,000,000.00 | 10/28/09 | 0.317% | S/A |
| U.S. POSTAL SERVICE | |||||
| U.S. Postal Service | 7/01 | $406,800,000.00 | 7/02/09 | 0.257% | S/A |
| U.S. Postal Service | 7/02 | $200,000,000.00 | 7/06/09 | 0.297% | S/A |
| U.S. Postal Service | 7/10 | $303,400,000.00 | 7/13/09 | 0.277% | S/A |
| U.S. Postal Service | 7/13 | $500,000,000.00 | 5/15/19 | 3.513% | S/A |
| U.S. Postal Service | 7/13 | $65,800,000.00 | 7/14/09 | 0.277% | S/A |
| U.S. Postal Service | 7/27 | $115,100,000.00 | 7/28/09 | 0.267% | S/A |
| U.S. Postal Service | 7/31 | $700,000,000.00 | 8/03/09 | 0.267% | S/A |
| U.S. Postal Service | 7/31 | $216,700,000.00 | 8/03/09 | 0.267% | S/A |
| GOVERNMENT-GUARANTEED LOANS | |||||
| GENERAL SERVICES ADMINISTRATION | |||||
| Foley Services Contract | 7/06 | $1,016,232.38 | 7/31/25 | 3.716% | S/A |
| San Francisco Bldg Lease | 7/24 | $14,739.72 | 8/01/35 | 4.441% | S/A |
| DEPARTMENT OF EDUCATION | |||||
| *Clark Atlanta University | 7/01 | $11,666,385.32 | 1/04/10 | 0.361% | S/A |
| Allen University | 7/22 | $1,715,343.07 | 11/01/35 | 4.371% | S/A |
| RURAL UTILITIES SERVICE | |||||
| Whetstone Valley #2370 | 7/02 | $450,000.00 | 12/31/42 | 4.187% | Qtr. |
| Victoria Electric #2566 | 7/06 | $3,320,000.00 | 12/31/43 | 4.166% | Qtr. |
| West Central Electric #2441 | 7/06 | $780,000.00 | 12/31/42 | 4.153% | Qtr. |
| Woodruff Electric Coop. #2362 | 7/06 | $5,000,000.00 | 12/31/42 | 4.152% | Qtr. |
| Cookson Hills Elec. #2373 | 7/07 | $2,291,000.00 | 12/31/42 | 4.172% | Qtr. |
| Arizona Electric #2548 | 7/08 | $17,010,000.00 | 12/31/35 | 4.011% | Qtr. |
| Coosa Valley Elec. Coop #2564 | 7/09 | $2,500,000.00 | 12/31/43 | 4.014% | Qtr. |
| East Kentucky Power #2531 | 7/09 | $25,000,000.00 | 12/31/40 | 3.975% | Qtr. |
| Minnesota Valley Elec. #2339 | 7/09 | $7,481,000.00 | 12/31/41 | 3.986% | Qtr. |
| A & N Electric #2512 | 7/13 | $214,000.00 | 12/31/42 | 4.023% | Qtr. |
| N. Carolina Elec. #2260 | 7/13 | $736,000.00 | 12/31/26 | 3.510% | Qtr. |
| West Central Electric #2441 | 7/13 | $160,000.00 | 12/31/42 | 4.022% | Qtr. |
| Wilkes Tele. & Elec. #851 | 7/13 | $381,000.00 | 12/31/18 | 2.552% | Qtr. |
| East-Central Iowa Rural #2574 | 7/14 | $1,100,000.00 | 12/31/43 | 4.088% | Qtr. |
| North Itasca Electric #2520 | 7/16 | $2,600,000.00 | 12/31/42 | 4.324% | Qtr. |
| West Oregon Electric #2577 | 7/16 | $2,340,000.00 | 12/31/43 | 4.335% | Qtr. |
| Bartlett Elec. #2469 | 7/17 | $275,000.00 | 12/31/42 | 4.285% | Qtr. |
| Cent. Alabama Elec. Coop #2543 | 7/17 | $14,000,000.00 | 12/31/42 | 4.285% | Qtr. |
| East Kentucky Power #2321 | 7/17 | $12,900,000.00 | 12/31/40 | 4.257% | Qtr. |
| Trico Electric Coop. #2402 | 7/17 | $1,500,000.00 | 12/31/42 | 4.283% | Qtr. |
| Columbia Power Coop. #2449 | 7/20 | $2,000,000.00 | 12/31/42 | 4.363% | Qtr. |
| East Kentucky Power #2531 | 7/20 | $25,000,000.00 | 12/31/40 | 4.339% | Qtr. |
| Oneida-Madison Elec. #2471 | 7/20 | $190,000.00 | 12/31/42 | 4.241% | Qtr. |
| Peace River Electric #2534 | 7/20 | $19,000,000.00 | 12/31/42 | 4.366% | Qtr. |
| West Oregon Electric #2577 | 7/20 | $3,000,000.00 | 12/31/43 | 4.378% | Qtr. |
| Buckeye Power #2409 | 7/22 | $47,716,000.00 | 12/31/37 | 4.005% | Qtr. |
| Central Power Elec. #2529 | 7/22 | $15,085,000.00 | 12/31/09 | 0.254% | Qtr. |
| South Alabama Electric #2523 | 7/22 | $9,500,000.00 | 12/31/42 | 4.210% | Qtr. |
| Baltic Telecom Coop. #810 | 7/23 | $4,373,905.00 | 12/31/19 | 2.849% | Qtr. |
| Midstate Communications #2477 | 7/23 | $414,110.00 | 1/03/28 | 3.844% | Qtr. |
| Prairie Energy Coop. #2491 | 7/23 | $1,000,000.00 | 12/31/42 | 4.282% | Qtr. |
| United Farmers Tele. #2535 | 7/23 | $821,124.00 | 12/31/29 | 3.967% | Qtr. |
| Alger-Delta Co-Operative #2488 | 7/24 | $500,000.00 | 12/31/42 | 4.392% | Qtr. |
| Southern Iowa Electric #2395 | 7/24 | $500,000.00 | 12/31/42 | 4.414% | Qtr. |
| Gibson Elec. Mem. #2576 | 7/27 | $2,000,000.00 | 12/31/43 | 4.403% | Qtr. |
| Whetstone Valley #2370 | 7/27 | $250,000.00 | 12/31/42 | 4.389% | Qtr. |
| Cornbelt Power #2284 | 7/31 | $194,000.00 | 12/31/29 | 3.891% | Qtr. |
| Cornbelt Power #2517 | 7/31 | $3,808,000.00 | 1/02/29 | 3.844% | Qtr. |
| AGENCY DEBT | |||||
| HOPE FOR HOMEOWNERS | |||||
| *HOPE Bonds | 7/15 | $29,535,000.00 | 10/15/09 | 0.183% | Qtr. |
| *HOPE Bonds | 7/15 | $62,028.36 | 10/15/09 | 0.183% | Qtr. |
| *HOPE Bonds | 7/15 | $1,084,546.89 | 10/15/09 | 0.183% | Qtr. |
| *HOPE Bonds | 7/15 | $145,483.86 | 10/15/09 | 0.183% | Qtr. |
| HOPE Bonds | 7/15 | $209,680.01 | 10/15/09 | 0.183% | Qtr. |
| *HOPE Bonds | 7/15 | $461,000,000.00 | 10/15/09 | 0.183% | Qtr. |
(in millions of dollars)
| Monthly | Fiscal Year | |||
|---|---|---|---|---|
| Net Change | Net Change | |||
| Program | July 31, 2009 | June 30, 2009 | 7/01/09- 7/31/09 | 10/01/08- 7/31/09 |
| Agency Debt | ||||
| U.S. Postal Service | $5,916.7 | $6,367.1 | -$450.4 | -$1,283.3 |
| National Credit Union Adm.-CLF | $18,559.1 | $18,563.3 | -$4.2 | $17,449.9 |
| Federal Deposit Insurance Corp. | $0.0 | $0.0 | $0.0 | $0.0 |
| HOPE for Homeowners Bonds | $492.0 | $491.8 | $0.2 | $462.5 |
| Subtotal* | $24,967.8 | $25,422.2 | -$454.4 | $16,629.1 |
| Agency Assets | ||||
| Rural Utilities Service-CBO | $3,349.3 | $3,349.3 | $0.0 | -$283.3 |
| Subtotal* | $3,349.3 | $3,349.3 | $0.0 | -$283.3 |
| Government-Guaranteed Lending | ||||
| DOD-Foreign Military Sales | $596.7 | $596.7 | $0.0 | -$83.6 |
| DoEd-HBCU+ | $420.3 | $420.4 | -$0.1 | $83.3 |
| DHUD-Public Housing Notes | $587.0 | $587.0 | $0.0 | -$104.4 |
| General Services Administration+ | $2,030.5 | $2,043.2 | -$12.7 | -$47.1 |
| DON-Ship Lease Financing | $0.0 | $2.3 | -$2.3 | -$16.6 |
| Rural Utilities Service | $22,105.2 | $21,869.8 | $235.4 | $2,411.7 |
| Rural Utilities Service-GETP | $3,000.0 | $3,000.0 | $0.0 | $0.0 |
| SBA-State/Local Development Cos. | $6.2 | $6.4 | -$0.2 | -$3.9 |
| DOT-Section 511 | $1.8 | $1.8 | $0.0 | -$0.2 |
| VA Homeless Veterans Housing+ | $4.8 | $4.9 | $0.0 | $0.0 |
| Federal Family Ed. Loan Conduit | $0.0 | $0.0 | $0.0 | $0.0 |
| Subtotal* | $28,752.5 | $28,532.4 | $220.1 | $2,239.1 |
| ========= | ========= | ========= | ========= | |
| Grand total* | $57,069.6 | $57,303.9 | -$234.3 | $18,584.9 |
| _______________________________________ | ||||
| * figures may not total due to rounding | ||||
| + does not include capitalized interest |