Fannie Mae 2011 Annual Report Download - page 308

FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Intraday Lines of Credit
We periodically use secured and unsecured intraday funding lines of credit provided by several large financial
institutions. We post collateral which, in some circumstances, the secured party has the right to repledge to third
parties. As these lines of credit are uncommitted intraday loan facilities, we may be unable to draw on them if
and when needed. We had secured uncommitted lines of credit of $25.0 billion and unsecured uncommitted lines
of credit of $500 million as of December 31, 2011 and 2010. We had no borrowings outstanding from these lines
of credit as of December 31, 2011.
Long-Term Debt
Long-term debt represents borrowings with an original contractual maturity of greater than one year. The
following table displays our outstanding long-term debt as of December 31, 2011 and 2010.
As of December 31,
2011 2010
Maturities Outstanding
Weighted-
Average
Interest
Rate(1) Maturities Outstanding
Weighted-
Average
Interest
Rate(1)
(Dollars in millions)
Senior fixed:
Benchmark notes and bonds .......... 2012 - 2030 $ 277,146 2.81% 2011 - 2030 $ 300,344 3.20%
Medium-term notes(2) ................ 2012 - 2021 176,886 1.61 2011 - 2020 199,266 2.13
Foreign exchange notes and bonds ..... 2021 - 2028 662 5.44 2017 - 2028 1,177 6.21
Other(3)(4) .......................... 2012 - 2040 50,912 5.29 2011 - 2040 44,893 5.64
Total senior fixed ................ 505,606 2.64 545,680 3.02
Senior floating:
Medium-term notes(2) ................ 2012 - 2016 71,855 0.32 2011 - 2015 72,039 0.31
Other(3)(4) .......................... 2020 - 2037 420 8.01 2020 - 2037 386 4.92
Total senior floating .............. 72,275 0.35 72,425 0.34
Subordinated fixed:
Qualifying subordinated(5) ............ 2012 - 2014 4,894 5.08 2011 - 2014 7,392 5.47
Subordinated debentures ............. 2019 2,917 9.91 2019 2,663 9.91
Total subordinated fixed ........... 7,811 6.88 10,055 6.65
Total long-term debt of Fannie Mae(6) . . . 585,692 2.42 628,160 2.77
Debt of consolidated trusts(4) ............ 2012 -2051 2,452,455 4.18 2011 - 2051 2,411,597 4.59
Total long-term debt ................ $3,038,147 3.84% $3,039,757 4.22%
(1) Includes the effects of discounts, premiums and other cost basis adjustments.
(2) Includes long-term debt with an original contractual maturity of greater than 1 year and up to 10 years, excluding zero-
coupon debt.
(3) Includes long-term debt that is not included in other debt categories.
(4) Includes a portion of structured debt instruments that is reported at fair value.
(5) Consists of subordinated debt issued with an interest deferral feature.
(6) Reported amounts include a net discount and other cost basis adjustments of $9.2 billion and $12.4 billion as of
December 31, 2011 and 2010, respectively.
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