Fannie Mae marks $54.3 billion of debt maturities/redemptions in July

By Jennifer Chiou

New York, Aug. 27 - Fannie Mae recorded $54.3 billion of maturities and redemptions for its debt activity in July while it issued $40.67 billion of debt securities during the month, according to the agency's summary for July.

The numbers compare with $31.45 billion of maturities and redemptions in June and $16.71 billion in July 2009. For the year, Fannie Mae has recorded $236.67 billion of debt maturities and redemptions.

In June, the agency issued $38.93 billion of debt securities. It doled out $14.89 billion of debt securities in July last year.

The agency did not repurchase any debt securities during July or June. It repurchased $250 million in May and $222 million in July 2009.

All of the debt securities referenced above have a term of more than one year.

When debt securities with a term of one year or less are added, $851.86 billion of Fannie Mae debt securities was outstanding at the end of July, compared with $860.79 billion at the end of June and $822.79 billion at the end of July 2009.

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