Notes Payable - Notes Payable (Tables)

12 Months Ended

Dec. 31, 2016

Notes Payable [Abstract]

Schedule of Debt [Table Text Block]

The following tables set forth information related to Farmer Mac's borrowings as of December 31, 2016 and 2015:

Table 7.1

	December 31, 2016
	Outstanding as of December 31				Average Outstanding During the Year
	Amount		Weighted- Average Rate		Amount		Weighted- Average Rate
	(dollars in thousands)
Due within one year:
Discount notes	$	3,789,137	0.59	%	$	5,753,425	0.50	%
Medium-term notes	2,495,202		0.70	%	1,551,094		0.57	%
Current portion of long-term notes	2,155,784		0.90	%
Total due within one year	$	8,440,123	0.70	%
Due after one year:
Medium-term notes due in:
2018	$	1,733,121	1.08	%
2019	1,283,869		1.32	%
2020	495,096		1.50	%
2021	602,037		1.83	%
Thereafter	1,108,854		3.01	%
Total due after one year	5,222,977		1.68	%
Total	$	13,663,100	1.07	%

	December 31, 2015
	Outstanding as of December 31				Average Outstanding During the Year
	Amount		Weighted- Average Rate		Amount		Weighted- Average Rate
	(dollars in thousands)
Due within one year:
Discount notes	$	6,642,560	0.32	%	$	5,251,081	0.22	%
Medium-term notes	595,991		0.38	%	761,998		0.25	%
Current portion of long-term notes	1,872,910		1.05	%
Total due within one year	$	9,111,461	0.48	%
Due after one year:
Medium-term notes due in:
2017	$	1,200,558	1.02	%
2018	1,539,264		0.85	%
2019	520,284		1.73	%
2020	529,567		1.68	%
Thereafter	1,177,363		3.05	%
Total due after one year	4,967,036		1.59	%
Total	$	14,078,497	0.87	%

The maximum amount of Farmer Mac's discount notes outstanding at any month end during each of the years ended December 31, 2016 and 2015 was $6.9 billion and $6.7 billion, respectively.

The following table summarizes by maturity date the amounts and costs for Farmer Mac debt callable in 2017 as of December 31, 2016:

Table 7.2

Debt Callable in 2017 as of December 31, 2016
	Amount		Weighted-Average Rate
	(dollars in thousands)
Maturity:
2018	$	9,991	1.24	%
2019	61,922		1.31	%
2020	30,961		1.83	%
2021	148,726		1.72	%
Thereafter	91,714		2.69	%
Total	$	343,314	1.90	%

Schedule of Long-term Debt Instruments [Table Text Block]

The following schedule summarizes the earliest interest rate reset date of total borrowings outstanding as of December 31, 2016, including callable and non-callable medium-term notes, assuming callable notes are redeemed at the initial call date:

Table 7.3

	Earliest Interest Rate Reset Date of Borrowings Outstanding
	Amount		Weighted-Average Rate
	(dollars in thousands)
Debt with interest rate resets in:
2017	$	9,416,805	0.73%
2018	1,488,131		1.12%
2019	919,021		1.47%
2020	329,181		1.77%
2021	547,078		1.91%
Thereafter	962,884		3.27%
Total	$	13,663,100	1.07%

During 2016 and 2015, Farmer Mac called $1.3 billion and $2.4 billion of callable medium-term notes, respectively.