Off-Balance Sheet Guarantees and Long Term Standby Purchase Commitments (Tables)

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

Schedule of Cash Flows Related To Transfer of Securitizations

The following table summarizes the significant cash flows received from and paid to trusts used for Farmer Mac securitizations:



	For the Nine Months Ended
	September 30, 2012			September 30, 2011
	(in thousands)
Proceeds from new securitizations	$	29,334		$	13,869
Guarantee fees received	3,344			6,042
Purchases of assets from the trusts	(8,069		)	(7,292		)

Schedule of Guarantor Obligations

The following table presents the maximum principal amount of potential undiscounted future payments that Farmer Mac could be required to make under all off-balance sheet Farmer Mac Guaranteed Securities as of September 30, 2012 and December 31, 2011, not including offsets provided by any recourse provisions, recoveries from third parties or collateral for the underlying loans:



Outstanding Balance of Off-Balance Sheet Farmer Mac Guaranteed Securities
	September 30, 2012		December 31, 2011
	(in thousands)
Farmer Mac I:
Farmer Mac Guaranteed Securities - AgVantage	$	970,000	$	970,000
Farmer Mac Guaranteed Securities	975,720		621,871
Farmer Mac II:
Farmer Mac Guaranteed Securities	33,295		42,088
Rural Utilities:
Farmer Mac Guaranteed Securities - AgVantage	16,269		16,271
Total off-balance sheet Farmer Mac Guaranteed Securities	$	1,995,284	$	1,650,230

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References+ Details