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Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table reconciles the fees incurred in accordance with the management agreement for the three and nine months ended September 30, 2022 and September 30, 2021.
For the Three Months Ended September 30,For the Nine Months
Ended September 30,
2022202120222021
ARMOUR management fees$8,519 $7,886 $24,926 $23,024 
Less management fees waived(1,950)(2,100)(5,850)(6,600)
Total management fee expense$6,569 $5,786 $19,076 $16,424 
The table below summarizes other transactions with BUCKLER for the nine months ended September 30, 2022 and for the year ended December 31, 2021.
Transactions with BUCKLERSeptember 30, 2022December 31, 2021
Repurchase agreements (1)
$3,735,027 $1,963,679 
Collateral posted on repurchase agreements$3,912,476 $2,036,385 
U.S. Treasury Securities Purchased$— $100,000 
(1)Interest on repurchase agreements was $21,423 and $28,918 and $774 and $2,938 for the three and nine months ended September 30, 2022 and September 30, 2021, respectively. See also, Note 6 - Repurchase Agreements for transactions with BUCKLER.