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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 08/05/2011
Entire Document
 
Table of Contents

 
Table 31:  Maturity Profile of Outstanding Debt of Fannie Mae Maturing in More Than One Year(1)
 
(PERFORMANCE GRAPH)
 
 
(1) Includes unamortized discounts, premiums and other cost basis adjustments of $9.7 billion as of June 30, 2011. Excludes debt of consolidated trusts of $2.4 trillion as of June 30, 2011.
 
We intend to repay our short-term and long-term debt obligations as they become due primarily through proceeds from the issuance of additional debt securities. We also intend to use funds we receive from Treasury under the senior preferred stock purchase agreement to pay our debt obligations and to pay dividends on the senior preferred stock.
 
Cash and Other Investments Portfolio
 
Table 32 provides information on the composition of our cash and other investments portfolio for the periods indicated.
 
Table 32:  Cash and Other Investments Portfolio
 
                 
    As of  
    June 30,
    December 31,
 
    2011     2010  
    (Dollars in millions)  
 
Cash and cash equivalents
  $ 14,274     $ 17,297  
Federal funds sold and securities purchased under agreements to resell or similar arrangements
    19,500       11,751  
Non-mortgage-related securities:
               
U.S. Treasury securities(1)
    34,856       27,432  
Asset-backed securities(2)
    3,242       5,321  
                 
Total non-mortgage-related securities
    38,098       32,753  
                 
Total cash and other investments
  $ 71,872     $ 61,801  
                 
 
 
(1) Excludes $2.0 billion and $4.0 billion of U.S. Treasury securities which are a component of cash equivalents as of June 30, 2011 and December 31, 2010, respectively, as these securities had a maturity at the date of acquisition of three months or less.
 
(2) Includes securities primarily backed by credit cards loans, student loans and automobile loans.
 
Our cash and other investments portfolio increased from December 31, 2010 to June 30, 2011. We have more outstanding debt maturing in the third quarter of 2011 compared with our outstanding debt that matured in the first quarter of 2011, which resulted in an increase in the amount of cash and highly liquid non-mortgage securities we were required to hold pursuant to our liquidity risk management policy.


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