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Statistical Supplement | December 2004

Statistical Supplement to the Federal Reserve Bulletin, December 2004
1.44  Federal and Federally Sponsored Credit Agencies, Debt Outstanding
Millions of dollars, end of period
Agency 1999 2000 2001 2002 2004
Mar Apr May June July
1 Federal and federally sponsored agencies 1,616,492 1,851,632 2,121,057 2,351,039 2,694,056 2,696,299 2,720,675 2,753,085 2,765,430
 
2 Federal agencies 26,376 25,666 276 2 25,138 24,953 24,875 24,227 24,041
3 Defense Department1 6 6 6 6 6 6 6 6 6
4 Export-Import Bank2, 3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
5 Federal Housing Administration4 126 255 26,828 26,828 120 149 162 163 185
6 Government National Mortgage Association certificates of participation5 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
7 Postal Service6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
8 Tennessee Valley Authority 26,370 25,660 270 270 25,132 24,947 24,869 24,221 24,035
9 United States Railway Association6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
 
10 Federally sponsored agencies7 1,590,116 1,825,966 2,120,781 2,351,037 2,668,918 2,671,346 2,695,800 2,728,858 2,741,389
11 Federal Home Loan Banks 529,005 594,404 623,740 674,841 770,195 795,477 810,352 821,470 818,094
12 Federal Home Loan Mortgage Corporation 360,711 426,899 565,071 648,894 747,300 728,300 736,100 759,600 770,200
13 Federal National Mortgage Association 547,619 642,700 763,500 851,000 945,343 940,296 941,824 939,668 945,198
14 Farm Credit Banks8 68,883 74,181 76,673 85,088 95,676 95,470 96,059 94,883 96,139
15 Student Loan Marketing Association9 41,988 45,375 48,350 47,900 67,500 69,000 68,600 70,100 68,627
16 Financing Corporation10 8,170 8,170 8,170 8,170 8,170 8,170 8,170 8,170 8,170
17 Farm Credit Financial Assistance Corporation11 1,261 1,261 1,261 1,261 1,261 1,261 1,261 1,261 1,261
18 Resolution Funding Corporation12 29,996 29,996 29,996 29,996 29,996 29,996 29,996 29,996 29,996
 
  Memo  
19 Federal Financing Bank debt13 42,152 40,575 39,096 37,017 30,128 29,433 29,124 28,642 28,826
 
  Lending to federal and federally sponsored agencies  
20 Export-Import Bank3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
21 Postal Service6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
22 Student Loan Marketing Association n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
23 Tennessee Valley Authority n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
24 United States Railway Association6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
 
  Other lending14  
25 Farmers Home Administration 6,665 5,275 n.a. n.a. n.a. n.a. n.a. n.a. n.a.
26 Rural Electrification Administration 14,085 13,126 13,876 14,489 16,426 16,373 16,627 16,765 16,762
27 Other 21,402 22,174 25,220 22,528 13,702 13,060 12,497 11,877 12,064

1. Consists of mortgages assumed by the Defense Department between 1957 and 1963 under family housing and homeowners' assistance programs.   Return to table

2. Includes participation certificates reclassified as debt beginning Oct. 1, 1976.   Return to table

3. On-budget since Sept. 30, 1976.   Return to table

4. Consists of debentures issued in payment of Federal Housing Administration insurance claims. Once issued, these securities may be sold privately on the securities market.   Return to table

5. Certificates of participation issued before fiscal year 1969 by the Government National Mortgage Association acting as trustee for the Farmers Home Administration; the Department of Health, Education, and Welfare; the Department of Housing and Urban Development; the Small Business Administration; and the Veterans Administration.   Return to table

6. Off-budget.   Return to table

7. Includes outstanding noncontingent liabilities: notes, bonds, and debentures. Includes Federal Agricultural Mortgage Corporation; therefore, details do not sum to total. Some data are estimated.   Return to table

8. Excludes borrowing by the Farm Credit Financial Assistance Corporation, which is shown on line 17.   Return to table

9. Before late 1982, the association obtained financing through the Federal Financing Bank (FFB). Borrowing excludes that obtained from the FFB, which is shown on line 22.   Return to table

10. The Financing Corporation, established in August 1987 to recapitalize the Federal Savings and Loan Insurance Corporation, undertook its first borrowing in October 1987.   Return to table

11. The Farm Credit Financial Assistance Corporation, established in January 1988 to provide assistance to the Farm Credit System, undertook its first borrowing in July 1988.   Return to table

12. The Resolution Funding Corporation, established by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, undertook its first borrowing in October 1989.   Return to table

13. The FFB, which began operations in 1974, is authorized to purchase or sell obligations issued, sold, or guaranteed by other federal agencies. Because FFB incurs debt solely for the purpose of lending to other agencies, its debt is not included in the main portion of the table to avoid double counting.   Return to table

14. Includes FFB purchases of agency assets and guaranteed loans; the latter are loans guaranteed by numerous agencies, with the amounts guaranteed by any one agency generally being small. The Farmers Home Administration entry consists exclusively of agency assets, whereas the Rural Electrification Administration entry consists of both agency assets and guaranteed loans.   Return to table

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Last update: November 10, 2005