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Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (Tables) (Farmer Mac and USDA Guaranteed Securities)
 6 Months Ended
Jun. 30, 2013
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 June 30, 2013 and December 31, 2012:

Table 3.1

 
June 30, 2013
 
Unpaid Principal Balance
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Farm & Ranch
$
3,438,000

 
$
143

 
$
3,438,143

 
$
74,898

 
$
(14,567
)
 
$
3,498,474

USDA Guarantees
25,339

 
(452
)
 
24,887

 
907

 
—

 
25,794

Rural Utilities
1,540,271

 
—

 
1,540,271

 
11,382

 
(17,068
)
 
1,534,585

Total Farmer Mac Guaranteed Securities
5,003,610

 
(309
)
 
5,003,301

 
87,187

 
(31,635
)
 
5,058,853

USDA Guaranteed Securities
1,549,502

 
5,174

 
1,554,676

 
5,172

 
(16,084
)
 
1,543,764

Total available-for-sale
6,553,112

 
4,865

 
6,557,977

 
92,359

 
(47,719
)
 
6,602,617

Trading:
 
 
 
 
 

 
 

 
 

 
 

USDA Guaranteed Securities
69,358

 
5,395

 
74,753

 
438

 
(1,599
)
 
73,592

Total Farmer Mac Guaranteed Securities and USDA Guaranteed Securities
$
6,622,470

 
$
10,260

 
$
6,632,730

 
$
92,797

 
$
(49,318
)
 
$
6,676,209


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

 
$
160

 
$
3,339,360

 
$
92,223

 
$
(5,094
)
 
$
3,426,489

USDA Guarantees
26,238

 
(452
)
 
25,786

 
909

 
(14
)
 
26,681

Rural Utilities
1,298,506

 
—

 
1,298,506

 
18,530

 
(3,948
)
 
1,313,088

Total Farmer Mac Guaranteed Securities
4,663,944

 
(292
)
 
4,663,652

 
111,662

 
(9,056
)
 
4,766,258

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
Investments Classified by Contractual Maturity Date
 
June 30, 2013
 
Available-for-Sale Securities
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
1,079,313

 
$
1,085,114

 
1.87
%
Due after one year through five years
2,828,532

 
2,883,105

 
2.40
%
Due after five years through ten years
805,834

 
815,863

 
2.50
%
Due after ten years
1,844,298

 
1,818,535

 
2.59
%
Total
$
6,557,977

 
$
6,602,617

 
2.38
%