Fannie Mae 2002 Annual Report Download - page 47

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45
FANNIE MAE 2002 ANNUAL REPORT
Total debt outstanding increased 11 percent to $851 billion
at December 31, 2002, from $763 billion at December 31,
2001. Table 13 summarizes our outstanding debt due within
one year at the end of 2002, 2001, and 2000. Table 14 shows
a comparison of our debt issuances and repayments for 2002,
2001, and 2000, the total outstanding at the end of each year,
and the average cost.
TABLE 13: OUTSTANDING DEBT DUE WITHIN ONE YEAR
2002
Maximum
Average Outstanding Outstanding
Outstanding at December 31 During Year at Any
Dollars in millions Amount Cost1Amount Cost1Month-end
Short-term notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $290,091 1.55% $252,857 1.98% $290,091
Other short-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,522 1.33 18,512 1.70 28,126
Current portion of borrowings due after one year2:
Universal Standard Debt . . . . . . . . . . . . . . . . . . . . 41,681 2.25
Universal Benchmark Debt . . . . . . . . . . . . . . . . . . . 37,376 4.89
Universal Retail Debt . . . . . . . . . . . . . . . . . . . . . . . . . 73 9.52
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 669 3.24
Total due within one year . . . . . . . . . . . . . . . . . . $382,412 1.95%
2001
Maximum
Average Outstanding Outstanding
Outstanding at December 31 During Year at Any
Amount Cost1Amount Cost1Month-end
Short-term notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 256,905 2.58% $ 247,060 4.31% $ 265,953
Other short-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,891 1.96 31,479 4.40 43,811
Current portion of borrowings due after one year2:
Universal Standard Debt . . . . . . . . . . . . . . . . . . . . 34,413 3.67
Universal Benchmark Debt . . . . . . . . . . . . . . . . . . . 21,987 5.31
Universal Retail Debt . . . . . . . . . . . . . . . . . . . . . . . . . — —
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 296 4.96
Total due within one year . . . . . . . . . . . . . . . . . . $ 343,492 2.81%
2000
Maximum
Average Outstanding Outstanding
Outstanding at December 31 During Year at Any
Amount Cost1Amount Cost1Month-end
Short-term notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 178,292 6.50% $ 150,242 6.33% $ 178,292
Other short-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,157 6.58 37,880 6.36 42,157
Current portion of borrowings due after one year2:
Universal Standard Debt . . . . . . . . . . . . . . . . . . . . 51,185 6.02
Universal Benchmark Debt . . . . . . . . . . . . . . . . . . . 6,984 5.71
Universal Retail Debt . . . . . . . . . . . . . . . . . . . . . . . . . 785 6.62
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 919 6.57
Total due within one year . . . . . . . . . . . . . . . . . . $ 280,322 6.38%
1Represents weighted-average cost, which includes the amortization of discounts, premiums, issuance costs, hedging results, and the effects of currency and debt swaps. Averages have been calculated on a monthly average
basis.
2Information on average amount and cost of debt outstanding during the year and maximum amount outstanding at any month-end is not meaningful. See “Table 14—Short-Term and Long-Term Debt Activity”
for additional information.