XML 81 R68.htm IDEA: XBRL DOCUMENT
v3.21.2

Fair Value Disclosures - Fair Value Measurements, Recurring and Nonrecurring (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020
--- | --- | ---
Assets: |  |
Financial derivatives | $ 13,623 | $ 16,123
Liabilities: |  |
Financial derivatives | 152,881 | 182,371
Investment securities: |  |
Assets: |  |
Fair Value | 3,832,232 | $ 3,853,692
Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | $ 6,877,405 |
Level 3 |  |
Liabilities: |  |
Percent of level three fair value assets and liabilities | 29.00% | 29.00%
Financial instruments level three percent | 64.00% | 65.00%
Recurring |  |
Assets: |  |
Financial derivatives | $ 16,224 | $ 17,468
Total Assets at fair value | 10,730,911 | 10,825,556
Liabilities: |  |
Financial derivatives | 24,347 | 29,892
Total Liabilities at fair value | 24,347 | 29,892
Recurring | USDA Securities: |  |
Assets: |  |
Trading | 5,050 | 6,695
Recurring | Investment securities: |  |
Assets: |  |
Fair Value | 3,832,232 | 3,853,692
Recurring | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 6,877,405 | 6,947,701
Recurring | Level 1 |  |
Assets: |  |
Financial derivatives | 0 | 0
Total Assets at fair value | 1,309,274 | 1,467,951
Liabilities: |  |
Financial derivatives | 88 | 82
Total Liabilities at fair value | 88 | 82
Recurring | Level 1 | USDA Securities: |  |
Assets: |  |
Trading | 0 | 0
Recurring | Level 1 | Investment securities: |  |
Assets: |  |
Fair Value | 1,309,274 | 1,467,951
Recurring | Level 1 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 0 | 0
Recurring | Level 2 |  |
Assets: |  |
Financial derivatives | 16,224 | 17,468
Total Assets at fair value | 2,519,934 | 2,384,038
Liabilities: |  |
Financial derivatives | 24,259 | 29,810
Total Liabilities at fair value | 24,259 | 29,810
Recurring | Level 2 | USDA Securities: |  |
Assets: |  |
Trading | 0 | 0
Recurring | Level 2 | Investment securities: |  |
Assets: |  |
Fair Value | 2,503,710 | 2,366,570
Recurring | Level 2 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 0 | 0
Recurring | Level 3 |  |
Assets: |  |
Financial derivatives | 0 | 0
Total Assets at fair value | 6,901,703 | 6,973,567
Liabilities: |  |
Financial derivatives | 0 | 0
Total Liabilities at fair value | 0 | 0
Recurring | Level 3 | USDA Securities: |  |
Assets: |  |
Trading | 5,050 | 6,695
Recurring | Level 3 | Investment securities: |  |
Assets: |  |
Fair Value | 19,248 | 19,171
Recurring | Level 3 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 6,877,405 | 6,947,701
AgVantage Securities | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value |  | 6,947,701
AgVantage Securities | Recurring | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 6,877,405 | 6,947,701
AgVantage Securities | Recurring | Level 1 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 0 | 0
AgVantage Securities | Recurring | Level 2 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 0 | 0
AgVantage Securities | Recurring | Level 3 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 6,877,405 | 6,947,701
USDA Guarantees | Recurring | USDA Securities: |  |
Assets: |  |
Trading | 5,050 | 6,695
USDA Guarantees | Recurring | Level 1 | USDA Securities: |  |
Assets: |  |
Trading | 0 | 0
USDA Guarantees | Recurring | Level 2 | USDA Securities: |  |
Assets: |  |
Trading | 0 | 0
USDA Guarantees | Recurring | Level 3 | USDA Securities: |  |
Assets: |  |
Trading | 5,050 | 6,695
Floating Interest Rate | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Assets: |  |
Fair Value | 19,248 | 19,171
Floating Interest Rate | Floating rate asset-backed securities |  |
Assets: |  |
Fair Value |  | 6,231
Floating Interest Rate | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 2,474,700 | 2,360,026
Floating Interest Rate | Recurring | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Assets: |  |
Fair Value | 19,248 | 19,171
Floating Interest Rate | Recurring | Floating rate asset-backed securities |  |
Assets: |  |
Fair Value |  | 6,231
Floating Interest Rate | Recurring | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 2,474,700 | 2,360,026
Floating Interest Rate | Recurring | Level 1 | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Assets: |  |
Fair Value | 0 | 0
Floating Interest Rate | Recurring | Level 1 | Floating rate asset-backed securities |  |
Assets: |  |
Fair Value |  | 0
Floating Interest Rate | Recurring | Level 1 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 0 | 0
Floating Interest Rate | Recurring | Level 2 | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Assets: |  |
Fair Value | 0 | 0
Floating Interest Rate | Recurring | Level 2 | Floating rate asset-backed securities |  |
Assets: |  |
Fair Value |  | 6,231
Floating Interest Rate | Recurring | Level 2 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 2,474,700 | 2,360,026
Floating Interest Rate | Recurring | Level 3 | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Assets: |  |
Fair Value | 19,248 | 19,171
Floating Interest Rate | Recurring | Level 3 | Floating rate asset-backed securities |  |
Assets: |  |
Fair Value |  | 0
Floating Interest Rate | Recurring | Level 3 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 0 | 0
Fixed Interest Rate | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 29,010 | 313
Fixed Interest Rate | Fixed rate U.S. Treasuries |  |
Assets: |  |
Fair Value | 1,309,274 | 1,467,951
Fixed Interest Rate | Recurring | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 29,010 | 313
Fixed Interest Rate | Recurring | Fixed rate U.S. Treasuries |  |
Assets: |  |
Fair Value | 1,309,274 | 1,467,951
Fixed Interest Rate | Recurring | Level 1 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 0 | 0
Fixed Interest Rate | Recurring | Level 1 | Fixed rate U.S. Treasuries |  |
Assets: |  |
Fair Value | 1,309,274 | 1,467,951
Fixed Interest Rate | Recurring | Level 2 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 29,010 | 313
Fixed Interest Rate | Recurring | Level 2 | Fixed rate U.S. Treasuries |  |
Assets: |  |
Fair Value | 0 | 0
Fixed Interest Rate | Recurring | Level 3 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 0 | 0
Fixed Interest Rate | Recurring | Level 3 | Fixed rate U.S. Treasuries |  |
Assets: |  |
Fair Value | $ 0 | $ 0

X
- Definition Fair Value, Assets and Liabilities Fair Value as Percent of Total Assets + References No definition available. + Details
Name: | agm_FairValueAssetsAndLiabilitiesFairValueAsPercentOfTotalAssets
Namespace Prefix: | agm_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fair Value, Assets and Liabilities, Fair Value as Percent of Total Financial Instruments Measured at Fair Value + References No definition available. + Details
Name: | agm_FairValueAssetsAndLiabilitiesFairValueAsPercentOfTotalFinancialInstrumentsMeasuredAtFairValue
Namespace Prefix: | agm_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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

X
- Definition Amount excluding accrued interest, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 + Details
Name: | us-gaap_DerivativeLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=124260329&loc=d3e26610-111562 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124260329&loc=d3e26610-111562 + Details
Name: | us-gaap_TradingSecuritiesDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_DebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=agm_InstitutionalCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=agm_USDAGuaranteesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=agm_FloatingInterestRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_AuctionRateSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_MortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=agm_FixedInterestRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USTreasurySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |