Fannie Mae reports long-term debt of $574.47 billion at Sept. 30

By Jennifer Chiou

New York, Oct. 30 - Fannie Mae tallied $574.47 billion of total long-term debt outstanding as of Sept. 30 and also reported $815.62 billion of total federal funds purchased and securities sold under agreements to repurchase and debt outstanding, according to the agency's funding summary.

The long-term debt has an average maturity of about five years while the total federal funds securities have an average term of 44 months.

Those figures compare to 2008 numbers of $550.56 billion and $883.18 billion, respectively.

Included in the long-term debt as of Sept. 30, there is $271.75 billion of benchmark notes and bonds, $7.4 billion of subordinated benchmark notes, $196.25 billion of non-callable fixed-rate medium-term notes, $44.63 billion of callable fixed-rate medium-term notes as well as other long-term debt of $3.39 billion.

The agency's net issuance of long-term debt stands at $23.78 billion through Sept. 30, compared with negative $18.36 billion at the end of 2008.

As of Sept. 30, Fannie Mae also said it had total short-term debt of $241.04 billion outstanding with an average maturity of 78 days.

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