Notes Payable - (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of Notes Payable [Table Text Block]

The following tables set forth information related to Farmer Mac's borrowings as of December 31, 2013 and 2012:

Table 7.1

	December 31, 2013
	Outstanding as of December 31				Average Outstanding During the Year
	Amount		Rate		Amount		Rate
	(dollars in thousands)
Due within one year:
Discount notes	$	4,880,971	0.12	%	$	4,365,045	0.18	%
Medium-term notes	179,999		0.17	%	167,617		0.16	%
Current portion of long-term notes	2,277,811		1.79	%
Total due within one year	$	7,338,781	0.64	%
Due after one year:
Medium-term notes due in:
2015	$	1,411,140	1.14	%
2016	1,290,629		1.33	%
2017	528,322		1.23	%
2018	675,968		1.33	%
Thereafter	1,095,110		2.85	%
Total due after one year	5,001,169		1.60	%
Total	$	12,339,950	1.03	%

	December 31, 2012
	Outstanding as of December 31				Average Outstanding During the Year
	Amount		Rate		Amount		Rate
	(dollars in thousands)
Due within one year:
Discount notes	$	4,966,010	0.16	%	$	5,181,559	0.18	%
Medium-term notes	194,989		0.15	%	84,961		0.20	%
Current portion of long-term notes	1,406,367		0.80	%
	$	6,567,366	0.30	%
Due after one year:
Medium-term notes due in:
2014	$	1,679,364	2.36	%
2015	1,128,413		1.40	%
2016	863,799		1.74	%
2017	616,187		1.19	%
Thereafter	746,976		2.97	%
Total due after one year	5,034,739		1.99	%
Total	$	11,602,105	1.03	%

The maximum amount of Farmer Mac's discount notes outstanding at any month end during each of the years ended December 31, 2013 and 2012 was $4.9 billion and $5.7 billion, respectively.

Callable medium-term notes give Farmer Mac the option to redeem the debt at par value on a specified call date or at any time on or after a specified call date.  The following table summarizes by maturity date, the amounts and costs for Farmer Mac debt callable in 2014 as of December 31, 2013:

Table 7.2

Debt Callable in 2014 as of December 31, 2013
Maturity	Amount		Rate
(dollars in thousands)
2015	$	83,927	0.49	%
2016	160,898		0.53	%
2017	68,935		0.89	%
2018	143,892		1.12	%
Thereafter	233,202		2.59	%
	$	690,854	1.38	%

Schedule of Long-term Debt Instruments [Table Text Block]

The following schedule summarizes the earliest interest rate reset date of total borrowings outstanding as of December 31, 2013, including callable and non-callable medium-term notes, assuming callable notes are redeemed at the initial call date:

Table 7.3

	Earliest Interest Rate Reset Date of Borrowings Outstanding
	Amount		Weighted-Average Rate
	(dollars in thousands)
Debt with interest rate resets in:
2014	$	8,439,610	0.68%
2015	1,027,216		1.45%
2016	1,029,753		1.56%
2017	459,386		1.29%
2018	532,076		1.38%
Thereafter	851,909		2.95%
Total	$	12,339,950	1.03%

During 2013 and 2012, Farmer Mac called $0.4 billion and $0.8 billion of callable medium-term notes, respectively.