Fannie Mae 2012 Annual Report Download - page 115

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Table 33 displays information as of the dates indicated on our outstanding short-term and long-term debt based on its original
contractual terms.
Table 33: Outstanding Short-Term Borrowings and Long-Term Debt(1)
As of December 31,
2012 2011
Maturities Outstanding
Weighted-
Average
Interest
Rate Maturities Outstanding
Weighted-
Average
Interest
Rate
(Dollars in millions)
Short-term debt:
Fixed-rate:
Discount notes . . . . . . . . . . . . . . . . . . — $ 104,730 0.15% — $ 146,301 0.13%
Foreign exchange discount notes . . . . — 503 1.61 — 371 1.88
Other (2) . . . . . . . . . . . . . . . . . . . . . . . . — — — — 80 0.04
Total short-term debt of Fannie Mae (3) . . . . 105,233 0.16 146,752 0.13
Debt of consolidated trusts. . . . . . . . . . . — 3,483 0.15 — 4,973 0.09
Total short-term debt . . . . . . . . . . . . . . . . . . $ 108,716 0.16% $ 151,725 0.13%
Long-term debt:
Senior fixed:
Benchmark notes and bonds. . . . . . . 2013 - 2030 $ 251,768 2.59% 2012 - 2030 $ 277,146 2.81%
Medium-term notes(4) . . . . . . . . . . . . 2013 - 2022 172,288 1.35 2012 - 2021 176,886 1.61
Foreign exchange notes and bonds. . 2021 - 2028 694 5.44 2021 - 2028 662 5.44
Other(5)(6) . . . . . . . . . . . . . . . . . . . . . . 2013 - 2038 40,819 4.99 2012 - 2040 50,912 5.29
Total senior fixed . . . . . . . . . . . . 465,569 2.35 505,606 2.64
Senior floating:
Medium-term notes(4) . . . . . . . . . . . . 2013 - 2019 38,633 0.27 2012 - 2016 71,855 0.32
Other(5)(6) . . . . . . . . . . . . . . . . . . . . . . 2020 - 2037 365 8.22 2020 - 2037 420 8.01
Total senior floating . . . . . . . . . . 38,998 0.33 72,275 0.35
Subordinated fixed-rate:
Qualifying subordinated(7) . . . . . . . . 2013 - 2014 2,522 5.00 2012 - 2014 4,894 5.08
Subordinated debentures . . . . . . . . . 2019 3,197 9.92 2019 2,917 9.91
Total subordinated fixed-rate . . . 5,719 7.75 7,811 6.88
Secured borrowings(8) . . . . . . . . . . . . . . 2021 - 2022 345 1.87 — — —
Total long-term debt of Fannie Mae(9) . . . . . 510,631 2.25 585,692 2.42
Debt of consolidated trusts(6). . . . . . . . . 2013 - 2052 2,570,170 3.36 2012 - 2051 2,452,455 4.18
Total long-term debt . . . . . . . . . . . . . . . . . . . $ 3,080,801 3.18% $ 3,038,147 3.84%
Outstanding callable debt of Fannie Mae(10) $ 177,784 1.64% $ 187,937 2.17%
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(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 of Fannie Mae, which excludes unamortized discounts,
premiums, fair value adjustments and other cost basis adjustments and debt of consolidated trusts, totaled $621.8 billion and $741.6
billion as of December 31, 2012 and 2011, respectively.
(2) Consists of foreign exchange discount notes denominated in U.S. dollars.
(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 unamortized discount, fair value adjustments and other
cost basis adjustments of $33 million and $53 million as of December 31, 2012 and 2011, respectively.
(4) Includes long-term debt with an original contractual maturity of greater than 1 year and up to 10 years, excluding zero-coupon debt.
(5) Includes long-term debt that is not included in other debt categories.
(6) Includes a portion of structured debt instruments that is reported at fair value.