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Farmer Mac Guaranteed Securities and USDA Guaranteed Securities - Farmer Mac Guaranteed Securities and USDA Securities (Tables) - Farmer Mac Guaranteed Securities and USDA Securities [Member]
 9 Months Ended
Sep. 30, 2016
Schedule of Held-to-Maturity, Available-for-sale, and Trading Securities [Line Items]  
Marketable Securities [Table Text Block]
The following tables set forth information about on-balance sheet Farmer Mac Guaranteed Securities and USDA Securities as of September 30, 2016 and December 31, 2015:

Table 3.1

 
As of September 30, 2016
 
Unpaid Principal Balance
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
1,156,203

 
$
(2,557
)
 
$
1,153,646

 
$
13,203

 
$
(895
)
 
$
1,165,954

Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
4,913,438

 
$
(38
)
 
$
4,913,400

 
$
51,458

 
$
(60,201
)
 
$
4,904,657

Farmer Mac Guaranteed USDA Securities
32,364

 
(283
)
 
32,081

 
743

 
—

 
32,824

Total Farmer Mac Guaranteed Securities
4,945,802

 
(321
)
 
4,945,481

 
52,201

 
(60,201
)
 
4,937,481

USDA Securities
1,905,457

 
1,778

 
1,907,235

 
73,114

 
(22
)
 
1,980,327

Total available-for-sale
$
6,851,259

 
$
1,457

 
$
6,852,716

 
$
125,315

 
$
(60,223
)
 
$
6,917,808

Trading:
 
 
 
 
 

 
 

 
 

 
 

USDA Securities
$
21,958

 
$
1,406

 
$
23,364

 
$
207

 
$
(82
)
 
$
23,489


 
As of December 31, 2015
 
Unpaid Principal Balance
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
1,274,431

 
$
(415
)
 
$
1,274,016

 
$
7,801

 
$
—

 
$
1,281,817

Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
4,164,952

 
$
—

 
$
4,164,952

 
$
26,831

 
$
(70,539
)
 
$
4,121,244

Farmer Mac Guaranteed USDA Securities
31,554

 
(333
)
 
31,221

 
140

 
—

 
31,361

Total Farmer Mac Guaranteed Securities
4,196,506

 
(333
)
 
4,196,173

 
26,971

 
(70,539
)
 
4,152,605

USDA Securities
1,849,322

 
1,890

 
1,851,212

 
37,160

 
(28
)
 
1,888,344

Total available-for-sale
$
6,045,828

 
$
1,557

 
$
6,047,385

 
$
64,131

 
$
(70,567
)
 
$
6,040,949

Trading:
 
 
 
 
 

 
 

 
 

 
 

USDA Securities
$
27,129

 
$
1,934

 
$
29,063

 
$
125

 
$
(213
)
 
$
28,975
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]
As of September 30, 2016 and December 31, 2015, unrealized losses on held-to-maturity and available-for-sale on-balance sheet Farmer Mac Guaranteed Securities and USDA Securities were as follows:

Table 3.2

 
As of September 30, 2016
 
Held-to-Maturity and 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)
Held-to-maturity:
 
 
 
 
 
 
 
AgVantage
$
404,105

 
$
(895
)
 
$
—

 
$
—

 
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
AgVantage
$
847,890

 
$
(2,110
)
 
$
2,101,844

 
$
(58,091
)
USDA Securities
—

 
—

 
98,460

 
(22
)
Total available-for-sale
$
847,890

 
$
(2,110
)

$
2,200,304


$
(58,113
)


 
As of December 31, 2015
 
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)
Available-for-sale:
 
 
 
 
 
 
 
AgVantage
$
1,193,866

 
$
(41,835
)
 
$
1,104,981

 
$
(28,704
)
USDA Securities
—

 
—

 
103,010

 
(28
)
Total available-for-sale
$
1,193,866

 
$
(41,835
)
 
$
1,207,991

 
$
(28,732
)

The unrealized losses presented above are principally due to higher interest rates from the date of acquisition to September 30, 2016 and December 31, 2015, as applicable. The credit exposure related to Farmer Mac's USDA Guarantees line of business is covered by the full faith and credit guarantee of the United States. The unrealized losses from AgVantage securities were on 25 available-for-sale securities as of September 30, 2016. There were four held-to-maturity AgVantage securities with an unrealized loss as of September 30, 2016. The unrealized losses from AgVantage securities were on 22 available-for-sale securities as of December 31, 2015. There were no unrealized losses from held-to-maturity securities as of December 31, 2015. As of September 30, 2016, 17 available-for-sale AgVantage securities had been in a loss position for more than 12 months with a total unrealized loss of $58.1 million. As of December 31, 2015, 8 available-for-sale AgVantage securities had been in a loss position for more than 12 months with a total unrealized loss of $28.7 million. Farmer Mac has concluded that none of the unrealized losses on its held-to-maturity Farmer Mac Guaranteed Securities and available-for-sale Farmer Mac Guaranteed Securities and USDA Securities are other-than-temporary impairment as of either September 30, 2016 or December 31, 2015.  Farmer Mac does not intend to sell these securities, and it is not more likely than not that Farmer Mac will be required to sell the securities before recovery of the amortized cost basis.
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost, fair value, and weighted average yield of available-for-sale and held-to-maturity Farmer Mac Guaranteed Securities and USDA Securities by remaining contractual maturity as of September 30, 2016 are set forth below. The balances presented are based on their final maturities, although the actual maturities may differ due to prepayments of the underlying assets.

Table 3.3

 
As of September 30, 2016
 
Available-for-Sale Securities
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
313,714

 
$
314,376

 
1.39
%
Due after one year through five years
2,726,577

 
2,756,149

 
1.79
%
Due after five years through ten years
1,299,644

 
1,321,453

 
2.05
%
Due after ten years
2,512,781

 
2,525,830

 
2.63
%
Total
$
6,852,716

 
$
6,917,808

 
2.13
%

 
As of September 30, 2016
 
Held-to-Maturity Securities
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
407,942

 
$
408,699

 
1.60
%
Due after one year through five years
693,616

 
701,844

 
1.94
%
Due after five years through ten years
52,088

 
55,411

 
3.24
%
Total
$
1,153,646

 
$
1,165,954

 
1.88
%