Fannie Mae 2013 Annual Report Download - page 114

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(1) Outstanding debt amounts and weighted-average interest rates reported in this table include the effects of 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 and other
cost basis adjustments, and debt of consolidated trusts, totaled $534.3 billion and $621.8 billion as of December 31, 2013 and 2012,
respectively.
(2) 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 $30 million and $33 million as of December 31, 2013 and 2012, respectively.
(3) Includes long-term debt with an original contractual maturity of greater than 1 year and up to 10 years, excluding zero-coupon debt.
(4) Includes long-term debt that is not included in other debt categories.
(5) Includes a portion of structured debt instruments that is reported at fair value.
(6) Consists of subordinated debt with an interest deferral feature.
(7) Represents remaining liability for transfer of financial assets from our consolidated balance sheets that did not qualify as a sale.
(8) 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 $89.8 billion and $103.2 billion as of
December 31, 2013 and 2012, respectively. Reported amounts also include a net unamortized discount, fair value adjustments and other
cost basis adjustments of $4.8 billion and $6.0 billion as of December 31, 2013 and 2012, 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 $462.0 billion and $516.5 billion as of December 31, 2013 and
2012, respectively.
(9) Consists of the unpaid principal balance 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.
Table 31 below displays additional information for each category of our short-term borrowings.
Table 31: Outstanding Short-Term Borrowings(1)
2013
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 purchased and securities sold
under agreements to repurchase . . . . . . . . . . . $ — —% $ 15 —% $ 218
Fixed-rate short-term debt:
Discount notes. . . . . . . . . . . . . . . . . . . . . . . . . . $ 71,933 0.12% $ 94,697 0.13% $ 127,916
Foreign exchange discount notes . . . . . . . . . . . 362 1.07 385 1.43 503
Total short-term debt. . . . . . . . . . . . . . . . . . . $ 72,295 0.13%