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Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (Tables) (Farmer Mac and USDA Guaranteed Securities)
 3 Months Ended
Mar. 31, 2013
Farmer Mac and USDA Guaranteed Securities
  
Schedule of Available-for-sale and Trading Securities [Line Items]  
Schedule of Available-for-sale Securities and Trading Securities Reconciliation
The following tables set forth information about on-balance sheet Farmer Mac Guaranteed Securities and USDA Guaranteed Securities as of March 31, 2013 and December 31, 2012:

 
March 31, 2013
 
Unpaid Principal Balance
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Farm & Ranch
$
3,439,200

 
$
151

 
$
3,439,351

 
$
95,508

 
$
(6,339
)
 
$
3,528,520

USDA Guarantees
25,853

 
(451
)
 
25,402

 
1,796

 
—

 
27,198

Rural Utilities
1,545,582

 
—

 
1,545,582

 
15,568

 
(16,788
)
 
1,544,362

Total Farmer Mac Guaranteed Securities
5,010,635

 
(300
)
 
5,010,335

 
112,872

 
(23,127
)
 
5,100,080

USDA Guaranteed Securities
1,514,581

 
5,562

 
1,520,143

 
49,084

 
(67
)
 
1,569,160

Total available-for-sale
6,525,216

 
5,262

 
6,530,478

 
161,956

 
(23,194
)
 
6,669,240

Trading:
 
 
 
 
 

 
 

 
 

 
 

USDA Guaranteed Securities
82,090

 
5,893

 
87,983

 
573

 
(1,285
)
 
87,271

Total Farmer Mac Guaranteed Securities and USDA Guaranteed Securities
$
6,607,306

 
$
11,155

 
$
6,618,461

 
$
162,529

 
$
(24,479
)
 
$
6,756,511


 
December 31, 2012
 
Unpaid Principal Balance
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Farm & Ranch
$
3,339,200

 
$
160

 
$
3,339,360

 
$
92,223

 
$
(5,094
)
 
$
3,426,489

USDA Guarantees
26,238

 
(452
)
 
25,786

 
909

 
(14
)
 
26,681

Rural Utilities
1,298,506

 
—

 
1,298,506

 
18,530

 
(3,948
)
 
1,313,088

Total Farmer Mac Guaranteed Securities
4,663,944

 
(292
)
 
4,663,652

 
111,662

 
(9,056
)
 
4,766,258

USDA Guaranteed Securities
1,461,184

 
5,975

 
1,467,159

 
19,605

 
(169
)
 
1,486,595

Total available-for-sale
6,125,128

 
5,683

 
6,130,811

 
131,267

 
(9,225
)
 
6,252,853

Trading:
 
 
 
 
 

 
 

 
 

 
 

USDA Guaranteed Securities
98,499

 
6,415

 
104,914

 
624

 
(1,350
)
 
104,188

Total Farmer Mac Guaranteed Securities and USDA Guaranteed Securities
$
6,223,627

 
$
12,098

 
$
6,235,725

 
$
131,891

 
$
(10,575
)
 
$
6,357,041
Investments Classified by Contractual Maturity Date
 
Farmer Mac Guaranteed Securities and USDA Guaranteed Securities Available-for-Sale as of March 31, 2013
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
829,636

 
$
838,105

 
2.01
%
Due after one year through five years
3,136,706

 
3,220,504

 
2.33
%
Due after five years through ten years
760,245

 
777,915

 
2.62
%
Due after ten years
1,803,891

 
1,832,716

 
2.61
%
Total
$
6,530,478

 
$
6,669,240

 
2.40
%