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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 11/02/2018
Entire Document
 
 
Notes to Condensed Consolidated Financial Statements | Short-Term and Long-Term Debt


7 Short-Term and Long-Term Debt
Short-Term Debt
The following table displays our outstanding short-term debt (debt with an original contractual maturity of one year or less) and weighted-average interest rates of this debt.
 
As of
 
September 30, 2018
 
December 31, 2017
 
Outstanding
 
Weighted- Average Interest Rate(1)
 
Outstanding
 
Weighted- Average Interest Rate(1)
 
(Dollars in millions) 
Federal funds purchased and securities sold under agreements to repurchase(2)
$
749

 
1.90
%
 
$

 
%
 
 
 
 
 
 
 
 
Short-term debt of Fannie Mae
$
28,248

 
2.06
%
 
$
33,377

 
1.18
%
Debt of consolidated trusts
274

 
2.33

 
379

 
1.11

Total short-term debt
$
28,522

 
2.06
%
 
$
33,756

 
1.18
%
__________
(1) 
Includes the effects of discounts, premiums and other cost basis adjustments.
(2) 
Represents agreements to repurchase securities for a specified price, with repayment generally occurring on the following day.
Intraday Line of Credit
We use a secured intraday funding line of credit provided by a large financial institution. We post collateral which, in some circumstances, the secured party has the right to repledge to third parties. As this line of credit is an uncommitted intraday loan facility, we may be unable to draw on it if and when needed. The line of credit under this facility was $15.0 billion as of September 30, 2018 and December 31, 2017.

Fannie Mae (In conservatorship) Third Quarter 2018 Form 10-Q
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