CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Assets:
Cash and cash equivalents	$ 768,335	$ 729,920
Loans:
Loans held for sale, at lower of cost or fair value	447,087	1,212,065
Loans held for investment, at amortized cost	1,168,995	90,674
Loans held for investment in consolidated trusts, at amortized cost	1,182,408	1,265,663
Allowance for loan losses	(11,053)	(9,803)
Total loans, net of allowance	2,787,437	2,558,599
Real estate owned, at lower of cost or fair value	4,067	1,992
Financial derivatives, at fair value	43,976	41,492
Interest receivable	88,852	90,295
Guarantee and commitment fees receivable	31,824	34,752
Deferred tax asset, net	3,591	14,530
Prepaid expenses and other assets	9,445	20,297
Total Assets	10,444,828	9,479,914
Notes payable:
Due within one year	5,201,832	4,509,419
Due after one year	3,744,877	3,430,656
Total notes payable	8,946,709	7,940,075
Debt securities of consolidated trusts held by third parties	755,357	827,411
Financial derivatives, at fair value	109,151	113,687
Accrued interest payable	56,152	57,131
Guarantee and commitment obligation	27,628	30,308
Accounts payable and accrued expenses	21,781	22,113
Reserve for losses	7,443	10,312
Total Liabilities	9,924,221	9,001,037
Commitments and Contingencies (Note 5)
Preferred stock:
Series C, par value $1,000 per share, 100,000 shares authorized, 57,578 shares issued and outstanding	57,578	57,578
Common stock:
Additional paid-in capital	101,097	100,050
Accumulated other comprehensive income	36,436	18,275
Retained earnings	73,299	50,837
Total Stockholders' Equity	278,754	237,024
Non-controlling interest - preferred stock	241,853	241,853
Total Equity	520,607	478,877
Total Liabilities and Equity	10,444,828	9,479,914
Common Stock, Class A Voting
Common stock:
Common stock	1,031	1,031
Common stock, Class B Voting
Common stock:
Common stock	500	500
Common stock, Class C Non-Voting
Common stock:
Common stock	8,813	8,753
Investment Securities
Loans:
Available-for-sale, at fair value	2,005,714	1,677,233
Trading, at fair value	88,151	86,096
Total securities	2,093,865	1,763,329
Farmer Mac Guaranteed Securities
Loans:
Available-for-sale, at fair value	3,243,965	2,907,264
USDA Guaranteed Securities
Loans:
Available-for-sale, at fair value	1,120,397	1,005,679
Trading, at fair value	249,074	311,765
Total securities	$ 1,369,471	$ 1,317,444