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v3.20.2

Fair Value Disclosures - Unobservable Input Reconciliation (Details) - Level 3 - Fair Value, Measurements, Recurring - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | $ 7,612,315 | $ 6,470,023 | $ 7,170,850 | $ 6,003,211
Purchases | 351,896 | 643,183 | 835,476 | 1,438,443
Sales | 0 | (29,419) | 0 | (48,347)
Settlements | (85,863) | (98,926) | (313,729) | (471,215)
Allowance for losses | (84) |  | (272) |
Realized and unrealized gains/(losses) included in Income | 9,030 | 114,699 | 299,515 | 174,095
Unrealized gains/(losses) included in Other Comprehensive Income | 37,162 | (35,483) | (67,384) | (32,110)
Ending Balance | 7,924,456 | 7,064,077 | 7,924,456 | 7,064,077
Available-for-Sale Securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 16,721 | 18,912 | 18,912 | 18,715
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements | 0 | 0 | 0 | 0
Allowance for losses | (15) |  | (38) |
Realized and unrealized gains/(losses) included in Income | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | 1,577 | 296 | (591) | 493
Ending Balance | 18,283 | 19,208 | 18,283 | 19,208
Available-for-Sale Securities | Farmer Mac Guaranteed Securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 7,587,186 | 6,441,624 | 7,143,025 | 5,974,497
Purchases | 351,896 | 613,764 | 835,476 | 1,390,096
Sales | 0 | 0 | 0 | 0
Settlements | (85,261) | (98,579) | (312,516) | (470,312)
Allowance for losses | (69) |  | (234) |
Realized and unrealized gains/(losses) included in Income | 9,050 | 114,638 | 299,429 | 173,990
Unrealized gains/(losses) included in Other Comprehensive Income | 35,585 | (35,779) | (66,793) | (32,603)
Ending Balance | 7,898,387 | 7,035,668 | 7,898,387 | 7,035,668
USDA Securities: |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance |  |  | 8,913 |
Ending Balance | 7,786 |  | 7,786 |
Institutional Credit | Available-for-Sale Securities | Farmer Mac Guaranteed Securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 7,587,186 | 6,441,624 | 7,143,025 | 5,974,497
Purchases | 351,896 | 613,764 | 835,476 | 1,390,096
Sales | 0 | 0 | 0 | 0
Settlements | (85,261) | (98,579) | (312,516) | (470,312)
Allowance for losses | (69) |  | (234) |
Realized and unrealized gains/(losses) included in Income | 9,050 | 114,638 | 299,429 | 173,990
Unrealized gains/(losses) included in Other Comprehensive Income | 35,585 | (35,779) | (66,793) | (32,603)
Ending Balance | 7,898,387 | 7,035,668 | 7,898,387 | 7,035,668
USDA Guarantees | Available-for-Sale Securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance |  | 0 |  | 0
Purchases |  | 29,419 |  | 48,347
Sales |  | (29,419) |  | (48,347)
Settlements |  | 0 |  | 0
Realized and unrealized gains/(losses) included in Income |  | 0 |  | 0
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 |  | 0
Ending Balance |  | 0 |  | 0
USDA Guarantees | Trading |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 8,408 | 9,487 | 8,913 | 9,999
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements | (602) | (347) | (1,213) | (903)
Allowance for losses | 0 |  | 0 |
Realized and unrealized gains/(losses) included in Income | (20) | 61 | 86 | 105
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0 | 0
Ending Balance | 7,786 | 9,201 | 7,786 | 9,201
USDA Guarantees | USDA Securities: |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 8,408 | 9,487 | 8,913 | 9,999
Purchases | 0 | 29,419 | 0 | 48,347
Sales | 0 | (29,419) | 0 | (48,347)
Settlements | (602) | (347) | (1,213) | (903)
Allowance for losses |  |  |  |
Realized and unrealized gains/(losses) included in Income | (20) | 61 | 86 | 105
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0 | 0
Ending Balance | 7,786 | 9,201 | 7,786 | 9,201
Floating Interest Rate | Available-for-Sale Securities | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 16,721 | 18,912 | 18,912 | 18,715
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements | 0 | 0 | 0 | 0
Allowance for losses | (15) |  | (38) |
Realized and unrealized gains/(losses) included in Income | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | 1,577 | 296 | (591) | 493
Ending Balance | $ 18,283 | $ 19,208 | $ 18,283 | $ 19,208

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