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v3.20.1

Notes Payable (Tables) | 3 Months Ended
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Mar. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Debt | The following tables set forth information related to Farmer Mac's borrowings as of March 31, 2020 and December 31, 2019: Table 7.1
| March 31, 2020 |  |  |  |  |  |
| Outstanding as of March 31 |  |  |  | Average Outstanding During the Quarter |  |
| Amount |  | Weighted- Average Rate |  | Amount |  | Weighted- Average Rate
| (dollars in thousands) |  |  |  |  |  |
Due within one year: |  |  |  |  |  |  |
Discount notes | $ | 2,598,091 |  |  | 0.82 | % |  | $ | 2,043,407 |  |  | 1.52 | %
Medium-term notes | 1,203,723 |  |  | 1.18 | % |  | 971,050 |  |  | 1.79 | %
Current portion of medium-term notes | 7,346,370 |  |  | 1.39 | % |  |  |  |  |  |
Total due within one year | $ | 11,148,184 |  |  | 1.24 | % |  |  |  |
Due after one year: |  |  |  |  |  |  |  |
Medium-term notes due in: |  |  |  |  |  |  |  |
Two years | $ | 3,381,965 |  |  | 1.64 | % |  |  |  |
Three years | 1,588,751 |  |  | 1.90 | % |  |  |  |
Four years | 1,311,362 |  |  | 2.13 | % |  |  |  |
Five years | 1,027,532 |  |  | 1.95 | % |  |  |  |
Thereafter | 2,207,226 |  |  | 2.57 | % |  |  |  |
Total due after one year | 9,516,836 |  |  | 2.00 | % |  |  |  |
Total | $ | 20,665,020 |  |  | 1.59 | % |  |  |  |
| December 31, 2019 |  |  |  |  |  |
| 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 | $ | 2,194,177 |  |  | 1.72 | % |  | $ | 1,977,214 |  |  | 2.25 | %
Medium-term notes | 1,152,770 |  |  | 1.98 | % |  | 1,780,517 |  |  | 2.33 | %
Current portion of medium-term notes | 6,672,135 |  |  | 1.85 | % |  |  |  |  |  |
Total due within one year | $ | 10,019,082 |  |  | 1.84 | % |  |  |  |
Due after one year: |  |  |  |  |  |  |  |
Medium-term notes due in: |  |  |  |  |  |  |  |
Two years | $ | 3,700,835 |  |  | 2.04 | % |  |  |  |
Three years | 1,594,709 |  |  | 2.15 | % |  |  |  |
Four years | 1,205,276 |  |  | 2.27 | % |  |  |  |
Five years | 760,887 |  |  | 2.25 | % |  |  |  |
Thereafter | 1,817,859 |  |  | 2.89 | % |  |  |  |
Total due after one year | 9,079,566 |  |  | 2.28 | % |  |  |  |
Total | $ | 19,098,648 |  |  | 2.05 | % |  |  |  |
The following table summarizes by maturity date the amounts and costs for Farmer Mac debt callable in 2020 as of March 31, 2020: Table 7.2
Debt Callable in 2020 as of March 31, 2020, by Maturity |  |  |
| Amount |  | Weighted-Average Rate
| (dollars in thousands) |  |
Maturity: |  |  |
2021 | $ | 731,715 |  |  | 1.56 | %
2022 | 209,852 |  |  | 1.80 | %
2023 | 49,959 |  |  | 1.34 | %
2024 | 206,716 |  |  | 2.12 | %
Thereafter | 397,740 |  |  | 2.59 | %
Total | $ | 1,595,982 |  |  | 1.91 | %
Schedule of Long-Term Debt Instruments | The following schedule summarizes the earliest interest rate reset date, or debt maturities, of total borrowings outstanding as of March 31, 2020, 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, or Debt Maturities, of Borrowings Outstanding |  |
| Amount |  | Weighted-Average Rate
| (dollars in thousands) |  |
Debt with interest rate resets, or debt maturities in: |  |  |
2020 | $ | 11,565,193 |  |  | 1.13 | %
2021 | 3,038,940 |  |  | 1.97 | %
2022 | 1,483,282 |  |  | 2.02 | %
2023 | 1,489,184 |  |  | 2.10 | %
2024 | 945,152 |  |  | 2.04 | %
Thereafter | 2,143,269 |  |  | 2.67 | %
Total | $ | 20,665,020 |  |  | 1.59 | %

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