Notes Payable - (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

e following tables set forth information related to Farmer Mac's borrowings as of December 31, 2014 and 2013:

Table 7.1

	December 31, 2014
	Outstanding as of December 31				Average Outstanding During the Year
	Amount		Rate		Amount		Rate
	(dollars in thousands)
Due within one year:
Discount notes	$	4,925,828	0.11	%	$	4,059,708	0.15	%
Medium-term notes	754,988		0.17	%	532,621		0.15	%
Current portion of long-term notes	1,673,137		0.98	%
Total due within one year	$	7,353,953	0.32	%
Due after one year:
Medium-term notes due in:
2016	$	1,569,961	1.16	%
2017	1,219,192		0.90	%
2018	682,224		1.28	%
2019	872,576		1.42	%
Thereafter	1,127,233		3.09	%
Total due after one year	5,471,186		1.56	%
Total	$	12,825,139	0.85	%

	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	%
	$	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	%

The maximum amount of Farmer Mac's discount notes outstanding at any month end during each of the years ended December 31, 2014 and 2013 was $4.9 billion.

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 2015 as of December 31, 2014:

Table 7.2

Debt Callable in 2015 as of December 31, 2014
Maturity	Amount		Rate
(dollars in thousands)
2016	$	78,960	0.57	%
2017	507,893		0.48	%
2018	149,944		0.92	%
2019	402,393		1.02	%
Thereafter	279,157		2.64	%
	$	1,418,347	1.11	%

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

e following schedule summarizes the earliest interest rate reset date of total borrowings outstanding as of December 31, 2014 , 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:
2015	$	8,887,288	0.44%
2016	1,391,014		1.26%
2017	711,299		1.19%
2018	532,279		1.38%
2019	470,183		1.76%
Thereafter	833,076		3.29%
Total	$	12,825,139	0.85%

During 2014 and 2013, Farmer Mac called $0.5 billion and $0.4 billion of callable medium-term notes, respectively.