Fannie Mae 2010 Annual Report Download - page 141

Table 32: Outstanding Short-Term Borrowings and Long-Term Debt
(1)
Maturities Outstanding
Weighted-
Average
Interest
Rate Maturities Outstanding
Weighted-
Average
Interest
Rate
2010 2009
As of December 31,
(Dollars in millions)
Federal funds purchased and securities sold
under agreements to repurchase ........ — $ 52 2.20% — $ — —%
Short-term debt:
Fixed-rate:
Discount notes .................. — $ 151,500 0.32% — $199,987 0.27%
Foreign exchange discount notes . . .... — 384 2.43 — 300 1.50
Other short-term debt ............. — — — — 100 0.53
Total fixed-rate . . .............. 151,884 0.32 200,387 0.27
Floating-rate
(2)
................... — — — — 50 0.02
Total short-term debt of Fannie Mae
(3)
..... 151,884 0.32 200,437 0.27
Debt of consolidated trusts . . ......... — 5,359 0.23 — — —
Total short-term debt . . . .............. $ 157,243 0.32% $200,437 0.27%
Long-term debt:
Senior fixed:
Benchmark notes and bonds ......... 2011 - 2030 $ 300,344 3.20% 2010 - 2030 $279,945 4.10%
Medium-term notes . .............. 2011 - 2020 199,266 2.13 2010 - 2019 171,207 2.97
Foreign exchange notes and bonds . .... 2017 - 2028 1,177 6.21 2010 - 2028 1,239 5.64
Other long-term debt
(2)
............ 2011 - 2040 44,893 5.64 2010 - 2039 62,783 5.80
Total senior fixed .............. 545,680 3.02 515,174 3.94
Senior floating:
Medium-term notes . .............. 2011 - 2015 72,039 0.31 2010 - 2014 41,911 0.26
Other long-term debt
(2)
............ 2020 - 2037 386 4.92 2020 - 2037 1,041 4.12
Total senior floating ............. 72,425 0.34 42,952 0.34
Subordinated fixed-rate:
Qualifying subordinated
(4)
.......... 2011 - 2014 7,392 5.47 2011 - 2014 7,391 5.47
Subordinated debentures . . ......... 2019 2,663 9.91 2019 2,433 9.89
Total subordinated fixed-rate . . . .... 10,055 6.65 9,824 6.57
Total long-term debt of Fannie Mae
(5)
...... 628,160 2.77 567,950 3.71
Debt of consolidated trusts
(2)
.......... 2011 - 2051 2,411,597 4.59 2010 - 2039 6,167 5.63
Total long-term debt . . . .............. $3,039,757 4.22% $574,117 3.73%
Outstanding callable debt of Fannie Mae
(6)
. . . $ 219,804 2.53% $210,181 3.48%
(1)
Outstanding debt amounts and weighted-average interest rates reported in this table include the effect of unamortized
discounts, premiums and other cost basis adjustments. Reported amounts include fair value gains and losses associated
with debt that we elected to carry at fair value. The unpaid principal balance of outstanding debt, which excludes
unamortized discounts, premiums and other cost basis adjustments and debt of consolidated trusts, totaled
$792.6 billion and $784.0 billion as of December 31, 2010 and 2009, respectively.
(2)
Includes a portion of structured debt instruments that is reported at fair value.
(3)
Short-term debt of Fannie Mae consists of borrowings with an original contractual maturity of one year or less and,
therefore, does not include the current portion of long-term debt. Reported amounts include a net discount and other
cost basis adjustments of $128 million and $129 million as of December 31, 2010 and 2009, respectively.
(4)
Consists of subordinated debt with an interest deferral feature.
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