Fannie Mae 2012 Annual Report Download - page 116

111
(7) Consists of subordinated debt with an interest deferral feature.
(8) Represents our remaining liability resulting from the transfers of financial assets from our consolidated balance sheets that did not
qualify as sales under the accounting guidance for the transfer of financial instruments.
(9) Long-term debt of Fannie Mae consists of borrowings with an original contractual maturity of greater than one year. Reported amounts
include the current portion of long-term debt that is due within one year, which totaled $103.2 billion and $134.3 billion as of
December 31, 2012 and 2011, respectively. Reported amounts also include a net unamortized discount, fair value adjustments and other
cost basis adjustments of $6.0 billion and $9.2 billion as of December 31, 2012 and 2011, respectively. The unpaid principal balance of
long-term debt of Fannie Mae, which excludes unamortized discounts, premiums, fair value adjustments and other cost basis
adjustments and amounts related to debt of consolidated trusts, totaled $516.5 billion and $594.8 billion as of December 31, 2012 and
2011, respectively.
(10) Consists of long-term callable debt of Fannie Mae that can be paid off in whole or in part at our option or the option of the investor at
any time on or after a specified date. Reported amounts reflect the unpaid principal balance, and excludes unamortized discounts,
premiums and other cost basis adjustments.
Table 34 below displays additional information for each category of our short-term borrowings.
Table 34: Outstanding Short-Term Borrowings(1)
2012
As of December 31 Average During the Year
Outstanding
Weighted-
Average
Interest
Rate Outstanding(2)
Weighted-
Average
Interest
Rate Maximum Outstanding(3)
(Dollars in millions)
Federal funds purchase and securities sold under
agreements to repurchase . . . . . . . . . . . . . . . . $ — —% $ 18 —% $ 490
Fixed-rate short-term debt:
Discount notes. . . . . . . . . . . . . . . . . . . . . . . . . . $ 104,730 0.15% $ 102,414 0.14% $ 151,906
Foreign exchange discount notes . . . . . . . . . . . 503 1.61 412 1.82 516
Other(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 33 0.04 80
Total short-term debt. . . . . . . . . . . . . . . . . . . . . $ 105,233 0.16%
2011
As of December 31 Average During the Year
Outstanding
Weighted-
Average
Interest
Rate Outstanding(2)
Weighted-
Average
Interest
Rate Maximum Outstanding(3)
(Dollars in millions)
Federal funds purchase and securities sold under
agreements to repurchase . . . . . . . . . . . . . . . . $ — —% $ 10 0.11% $ 829
Fixed-rate short-term debt:
Discount notes. . . . . . . . . . . . . . . . . . . . . . . . . . $ 146,301 0.13% $ 160,358 0.18% $ 198,382
Foreign exchange discount notes . . . . . . . . . . . 371 1.88 327 2.25 401
Other(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 0.04 9 0.06 80
Total short-term debt. . . . . . . . . . . . . . . . . . . . . $ 146,752 0.13%