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- (Tables)
 12 Months Ended
Dec. 31, 2013
Schedule of Available-for-sale and Trading Securities [Line Items]  
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]
of December 31, 2013 and 2012, unrealized losses on available-for-sale investment securities were as follows:

Table 4.2

 
December 31, 2013
 
Available-for-Sale Securities
 
Unrealized loss position for
less than 12 months
 
Unrealized loss position for
more than 12 months
 
Fair Value
 
Unrealized
Loss
 
Fair Value
 
Unrealized
Loss
 
(in thousands)
Floating rate auction-rate certificates backed by Government guaranteed student loans
$
—

 
$
—

 
$
65,285

 
$
(8,815
)
Floating rate asset-backed securities
50,129

 
(59
)
 
—

 
—

Floating rate corporate debt securities
19,982

 
(18
)
 
—

 
—

Fixed rate corporate debt securities
10,058

 
(4
)
 
—

 
—

Floating rate Government/GSE guaranteed mortgage-backed securities
161,960

 
(435
)
 
—

 
—

Floating rate GSE subordinated debt
—

 
—

 
63,385

 
(6,615
)
Fixed rate taxable municipal bonds
8,041

 
(3
)
 
—

 
—

Fixed rate senior agency debt
316,273

 
(30
)
 
—

 
—

Fixed rate U.S. Treasuries
118,056

 
(8
)
 
—

 
—

Total
$
684,499

 
$
(557
)
 
$
128,670

 
$
(15,430
)

 
December 31, 2012
 
Available-for-Sale Securities
 
Unrealized loss position for
less than 12 months
 
Unrealized loss position for
more than 12 months
 
Fair Value
 
Unrealized
Loss
 
Fair Value
 
Unrealized
Loss
 
(in thousands)
Floating rate auction-rate certificates backed by Government guaranteed student loans
$
—

 
$
—

 
$
63,159

 
$
(10,941
)
Floating rate asset-backed securities
21,648

 
(27
)
 
3,619

 
(9
)
Floating rate Government/GSE guaranteed mortgage-backed securities
174,352

 
(209
)
 
829

 
(2
)
Floating rate GSE subordinated debt
—

 
—

 
57,431

 
(12,569
)
Fixed rate senior agency debt
50,088

 
(1
)
 
—

 
—

Fixed rate U.S. Treasuries
136,194

 
(9
)
 
—

 
—

Total
$
382,282

 
$
(246
)
 
$
125,038

 
$
(23,521
)
Investment Securities [Member]
  
Schedule of Available-for-sale and Trading Securities [Line Items]  
Schedule of Available-for-sale Securities and Trading Securities Reconciliation [Table Text Block]
The following tables present the amount outstanding, amortized cost, and fair values of Farmer Mac's investment securities as of December 31, 2013 and 2012:
 
Table 4.1

 
December 31, 2013
 
Amount Outstanding
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Floating rate auction-rate certificates backed by Government guaranteed student loans
$
74,100

 
$
—

 
$
74,100

 
$
—

 
$
(8,815
)
 
$
65,285

Floating rate asset-backed securities
166,185

 
(217
)
 
165,968

 
195

 
(59
)
 
166,104

Floating rate corporate debt securities
109,345

 
(3
)
 
109,342

 
445

 
(18
)
 
109,769

Fixed rate corporate debt securities
55,000

 
48

 
55,048

 
97

 
(4
)
 
55,141

Floating rate Government/GSE guaranteed mortgage-backed securities
612,413

 
4,336

 
616,749

 
4,955

 
(435
)
 
621,269

Fixed rate GSE guaranteed mortgage-backed securities (1)
1,173

 
3,966

 
5,139

 
3,518

 
—

 
8,657

Floating rate GSE subordinated debt
70,000

 
—

 
70,000

 
—

 
(6,615
)
 
63,385

Fixed rate GSE preferred stock
78,500

 
365

 
78,865

 
4,296

 
—

 
83,161

Fixed rate taxable municipal bonds
30,595

 
84

 
30,679

 
5

 
(3
)
 
30,681

Fixed rate senior agency debt
523,691

 
294

 
523,985

 
107

 
(30
)
 
524,062

Fixed rate U.S. Treasuries
754,405

 
1,141

 
755,546

 
95

 
(8
)
 
755,633

Total available-for-sale
2,475,407

 
10,014

 
2,485,421

 
13,713

 
(15,987
)
 
2,483,147

Trading:
 
 
 
 
 

 
 

 
 

 
 

Floating rate asset-backed securities
3,553

 
—

 
3,553

 
—

 
(2,625
)
 
928

Total investment securities
$
2,478,960

 
$
10,014

 
$
2,488,974

 
$
13,713

 
$
(18,612
)
 
$
2,484,075

(1)
Fair value includes $7.4 million of an interest-only security with a notional amount of $152.4 million.





 
December 31, 2012
 
Amount Outstanding
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Floating rate auction-rate certificates backed by Government guaranteed student loans
$
74,100

 
$
—

 
$
74,100

 
$
—

 
$
(10,941
)
 
$
63,159

Floating rate asset-backed securities
150,519

 
(372
)
 
150,147

 
933

 
(36
)
 
151,044

Fixed rate asset-backed securities
6,501

 
—

 
6,501

 
—

 
—

 
6,501

Floating rate corporate debt securities
76,345

 
(32
)
 
76,313

 
450

 
—

 
76,763

Fixed rate corporate debt securities
51,969

 
243

 
52,212

 
204

 
—

 
52,416

Floating rate Government/GSE guaranteed mortgage-backed securities
699,062

 
5,973

 
705,035

 
8,035

 
(211
)
 
712,859

Fixed rate GSE guaranteed mortgage-backed securities
1,910

 
1

 
1,911

 
154

 
—

 
2,065

Floating rate GSE subordinated debt
70,000

 
—

 
70,000

 
—

 
(12,569
)
 
57,431

Fixed rate GSE preferred stock
78,500

 
784

 
79,284

 
7,802

 
—

 
87,086

Floating rate senior agency debt
50,000

 
(6
)
 
49,994

 
61

 
—

 
50,055

Fixed rate senior agency debt
72,700

 
287

 
72,987

 
128

 
(1
)
 
73,114

Fixed rate U.S. Treasuries
1,163,400

 
2,240

 
1,165,640

 
258

 
(9
)
 
1,165,889

Total available-for-sale
2,495,006

 
9,118

 
2,504,124

 
18,025

 
(23,767
)
 
2,498,382

Trading:
 
 
 
 
 

 
 

 
 

 
 

Floating rate asset-backed securities
4,327

 
—

 
4,327

 
—

 
(3,080
)
 
1,247

Total investment securities
$
2,499,333

 
$
9,118

 
$
2,508,451

 
$
18,025

 
$
(26,847
)
 
$
2,499,629
Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost, fair value, and weighted average yield of available-for-sale investment securities by remaining contractual maturity as of December 31, 2013 are set forth below. Asset-backed and mortgage-backed securities are included based on their final maturities, although the actual maturities may differ due to prepayments of the underlying assets.

Table 4.3

 
December 31, 2013
 
Available-for-Sale Securities
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
1,363,679

 
$
1,363,878

 
0.54%
Due after one year through five years
196,460

 
197,281

 
1.03%
Due after five years through ten years
347,682

 
346,025

 
0.91%
Due after ten years
577,600

 
575,963

 
2.48%
Total
$
2,485,421

 
$
2,483,147

 
1.08%