Fannie Mae 2007 Annual Report Download - page 117

refunding and portfolio rebalancing purposes. Table 27 below provides a summary of our debt activity for the
years ended December 31, 2007, 2006 and 2005.
Table 27: Debt Activity
2007 2006 2005
For the Year Ended December 31,
(Dollars in millions)
Issued during the year:
(1)
Short-term:
(2)
Amount
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,543,387 $2,107,737 $2,795,854
Weighted average interest rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.87% 4.85% 3.20%
Long-term:
(4)
Amount
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 193,910 $ 181,427 $ 156,437
Weighted average interest rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.45% 5.49% 4.41%
Total issued:
Amount
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,737,297 $2,289,164 $2,952,291
Weighted average interest rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.93% 4.90% 3.26%
Repaid during the year
(1)(5)
Short-term:
(2)
Amount
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,473,283 $2,112,364 $2,944,027
Weighted average interest rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.96% 4.44% 3.03%
Long-term:
(4)
Amount
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 233,393 $ 169,397 $ 196,957
Weighted average interest rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.79% 3.97% 3.51%
Total repaid:
Amount
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,706,676 $2,281,761 $3,140,984
Weighted average interest rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.94% 4.41% 3.06%
(1)
Excludes debt activity resulting from consolidations and intraday loans.
(2)
Short-term debt consists of borrowings with an original contractual maturity of one year or less. Includes Federal funds
purchased and securities sold under agreements to repurchase.
(3)
Represents the face amount at issuance or redemption.
(4)
Long-term debt consists of borrowings with an original contractual maturity of greater than one year.
(5)
Represents all payments on debt, including regularly scheduled principal payments, payments at maturity, payments as
the result of a call and payments for any other repurchases.
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