XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Notes Payable - Notes Payable (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Debt Disclosure [Abstract] |
Schedule of Debt [Table Text Block] | Callable medium-term notes give Farmer Mac the option to redeem the debt at par value on a specified call date or at any time on or after a specified call date. The following table summarizes by maturity date the amounts and costs for Farmer Mac debt callable in 2018 as of December 31, 2017: Table 7.2
Debt Callable in 2018 as of December 31, 2017
| Amount |  | Weighted-Average Rate
| (dollars in thousands)
Maturity: |  |  |
2019 | $ | 71,944 |  |  | 1.35 | %
2020 | 158,817 |  |  | 1.80 | %
2021 | 192,717 |  |  | 1.77 | %
2022 | 145,757 |  |  | 2.20 | %
Thereafter | 178,267 |  |  | 2.90 | %
Total | $ | 747,502 |  |  | 2.09 | %
The following tables set forth information related to Farmer Mac's borrowings as of December 31, 2017 and 2016: Table 7.1
| December 31, 2017
| Outstanding as of December 31 |  | Average Outstanding During the Year
| Amount |  | Weighted- Average Rate |  | Amount |  | Weighted- Average Rate
| (dollars in thousands)
Due within one year: |  |  |  |  |  |  |
Discount notes | $ | 1,724,969 |  |  | 1.20 | % |  | $ | 2,262,582 |  |  | 0.86 | %
Medium-term notes | 2,560,211 |  |  | 1.27 | % |  | 2,885,966 |  |  | 1.04 | %
Current portion of long-term notes | 3,804,646 |  |  | 1.23 | % |  |  |  |  |  |
Total due within one year | $ | 8,089,826 |  |  | 1.24 | % |  |  |  |  |  |
Due after one year: |  |  |  |  |  |  |  |  |  |  |
Medium-term notes due in: |  |  |  |  |  |  |  |  |  |  |
2019 | $ | 2,644,734 |  |  | 1.48 | % |  |  |  |  |  |
2020 | 1,842,143 |  |  | 1.68 | % |  |  |  |  |  |
2021 | 849,263 |  |  | 1.85 | % |  |  |  |  |  |
2022 | 790,564 |  |  | 2.03 | % |  |  |  |
Thereafter | 1,306,086 |  |  | 3.05 | % |  |  |  |  |  |
Total due after one year | 7,432,790 |  |  | 1.91 | % |  |  |  |  |  |
Total | $ | 15,522,616 |  |  | 1.56 | % |  |  |  |  |  |
| December 31, 2016
| Outstanding as of December 31 |  | Average Outstanding During the Year
| Amount |  | Weighted- Average Rate |  | Amount |  | Weighted- Average Rate
| (dollars in thousands)
Due within one year: |  |  |  |  |  |  |
Discount notes | $ | 3,789,137 |  |  | 0.59 | % |  | $ | 5,753,425 |  |  | 0.50 | %
Medium-term notes | 2,495,202 |  |  | 0.70 | % |  | 1,551,094 |  |  | 0.57 | %
Current portion of long-term notes | 2,155,784 |  |  | 0.90 | % |  |  |  |  |  |
Total due within one year | $ | 8,440,123 |  |  | 0.70 | % |  |  |  |  |  |
Due after one year: |  |  |  |  |  |  |  |  |  |  |
Medium-term notes due in: |  |  |  |  |  |  |  |  |  |  |
2018 | $ | 1,733,121 |  |  | 1.08 | % |  |  |  |  |  |
2019 | 1,283,869 |  |  | 1.32 | % |  |  |  |  |  |
2020 | 495,096 |  |  | 1.50 | % |  |  |  |  |  |
2021 | 602,037 |  |  | 1.83 | % |  |  |  |
Thereafter | 1,108,854 |  |  | 3.01 | % |  |  |  |  |  |
Total due after one year | 5,222,977 |  |  | 1.68 | % |  |  |  |  |  |
Total | $ | 13,663,100 |  |  | 1.07 | % |  |  |  |  |  |
The maximum amount of Farmer Mac's discount notes outstanding at any month end during each of the years ended December 31, 2017 and 2016 was $3.3 billion and $6.9 billion, respectively.
Schedule of Long-term Debt Instruments [Table Text Block] | The following schedule summarizes the earliest interest rate reset date of total borrowings outstanding as of December 31, 2017, including callable and non-callable medium-term notes, assuming callable notes are redeemed at the initial call date: Table 7.3
| Earliest Interest Rate Reset Date of Borrowings Outstanding
| Amount |  | Weighted-Average Rate
| (dollars in thousands)
Debt with interest rate resets in: |  |  |
2018 | $ | 9,291,949 |  |  | 1.28%
2019 | 2,176,327 |  |  | 1.49%
2020 | 1,526,236 |  |  | 1.71%
2021 | 744,336 |  |  | 1.89%
2022 | 719,609 |  |  | 2.08%
Thereafter | 1,064,159 |  |  | 3.31%
Total | $ | 15,522,616 |  |  | 1.56%
During 2017 and 2016, Farmer Mac called $24.0 million and $1.3 billion of callable medium-term notes, respectively.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration