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Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (Tables) (Farmer Mac and USDA Guaranteed Securities)
 12 Months Ended
Dec. 31, 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 tables set forth information about on-balance sheet Farmer Mac Guaranteed Securities and USDA Guaranteed Securities as of December 31, 2012 and 2011:

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

 
$
160

 
$
3,339,360

 
$
92,223

 
$
(5,094
)
 
$
3,426,489

Farmer Mac II
26,238

 
(452
)
 
25,786

 
909

 
(14
)
 
26,681

Rural Utilities
1,298,506

 
—

 
1,298,506

 
18,530

 
(3,948
)
 
1,313,088

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


 
December 31, 2011
 
Unpaid Principal Balance
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Farmer Mac I
$
2,730,000

 
$
11,192

 
$
2,741,192

 
$
67,895

 
$
(1,460
)
 
$
2,807,627

Farmer Mac II
35,410

 
(718
)
 
34,692

 
924

 
(17
)
 
35,599

Rural Utilities
1,410,800

 
—

 
1,410,800

 
35,246

 
—

 
1,446,046

USDA Guaranteed Securities
1,235,486

 
9,033

 
1,244,519

 
35,149

 
(122
)
 
1,279,546

Total available-for-sale
5,411,696

 
19,507

 
5,431,203

 
139,214

 
(1,599
)
 
5,568,818

Trading:
 
 
 
 
 

 
 

 
 

 
 

USDA Guaranteed Securities
200,193

 
12,937

 
213,130

 
1,804

 
(2,575
)
 
212,359

Total Farmer Mac Guaranteed Securities and USDA Guaranteed Securities
$
5,611,889

 
$
32,444

 
$
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 December 31, 2012
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
667,361

 
$
672,873

 
1.55
%
Due after one year through five years
3,324,755

 
3,413,898

 
2.42
%
Due after five years through ten years
716,633

 
730,175

 
2.71
%
Due after ten years
1,422,062

 
1,435,907

 
3.18
%
Total
$
6,130,811

 
$
6,252,853

 
2.54
%