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Formed in 1969, the National Rural Utilities Cooperative Finance Corporation (CFC) is a privately owned, non-governmental organization that provides state-of-the-art financial products to its members.
CFC's consolidated membership was 1,538 as of May 31, 2008. Member organizations in 49 states, the District of Columbia and two U.S. territories included 898 electric utility systems, 511 telecommunications organizations, 66 statewide and regional service organizations and 63 associates. Of the 898 electric utility systems, 829 are distribution systems and 69 are generation-and-transmission (G&T or "power supply") systems.
Rural electric systems serve 12 percent of all consumers of electricity in the United States and its territories, account for approximately 10 percent of total sales of electricity and own about 5 percent of electric generation capacity.
At the end of FY2008 (May 31, 2008), CFC's total gross loans and guarantees outstanding were $20.1 billion, and its owners had invested more than $3.8 billion in CFC securities.
For more information on CFC's membership and financials, please see the Fiscal Year 2008 CFC Annual Report.
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