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Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (Tables) (Farmer Mac and USDA Guaranteed Securities)
 9 Months Ended
Sep. 30, 2012
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 table sets forth information about on-balance sheet Farmer Mac Guaranteed Securities and USDA Guaranteed Securities as of September 30, 2012 and December 31, 2011:

 
September 30, 2012
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Available-for-sale:
 
 
 
 
 
 
 
Farmer Mac I
$
3,339,368

 
$
98,532

 
$
(6,312
)
 
$
3,431,588

Farmer Mac II
28,342

 
1,639

 
(6
)
 
29,975

Rural Utilities
1,165,100

 
21,844

 
—

 
1,186,944

USDA Guaranteed Securities
1,429,196

 
38,989

 
(144
)
 
1,468,041

Total available-for-sale
5,962,006

 
161,004

 
(6,462
)
 
6,116,548

Trading:
 

 
 

 
 

 
 

USDA Guaranteed Securities
125,998

 
830

 
(4,241
)
 
122,587

Total Farmer Mac Guaranteed Securities and USDA Guaranteed Securities
$
6,088,004

 
$
161,834

 
$
(10,703
)
 
$
6,239,135


 
December 31, 2011
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Available-for-sale:
 
 
 
 
 
 
 
Farmer Mac I
$
2,741,192

 
$
67,895

 
$
(1,460
)
 
$
2,807,627

Farmer Mac II
34,692

 
924

 
(17
)
 
35,599

Rural Utilities
1,410,800

 
35,246

 
—

 
1,446,046

USDA Guaranteed Securities
1,244,519

 
35,149

 
(122
)
 
1,279,546

Total available-for-sale
5,431,203

 
139,214

 
(1,599
)
 
5,568,818

Trading:
 

 
 

 
 

 
 

USDA Guaranteed Securities
213,130

 
1,804

 
(2,575
)
 
212,359

Total Farmer Mac Guaranteed Securities and USDA Guaranteed Securities
$
5,644,333

 
$
141,018

 
$
(4,174
)
 
$
5,781,177
Investments Classified by Contractual Maturity Date
 
Farmer Mac Guaranteed Securities and USDA Guaranteed Securities Available-for-Sale as of September 30, 2012
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
536,528

 
$
539,070

 
1.13
%
Due after one year through five years
3,409,024

 
3,510,665

 
2.50
%
Due after five years through ten years
769,631

 
784,685

 
2.61
%
Due after ten years
1,246,823

 
1,282,128

 
3.53
%
Total
$
5,962,006

 
$
6,116,548

 
2.61
%