FRB: October 2005 Statistical Supplement--Federal and Federally Sponsored Credit Agencies, Debt Outstanding

Statistical Supplement | October 2005

Statistical Supplement to the Federal Reserve Bulletin, October 2005

1.44 Federal and Federally Sponsored Credit Agencies, Debt Outstanding
Agency		2001	2002	2003	2004	2005
Millions of dollars, end of period
Agency		2001	2002	2003	2004	Jan	Feb	Mar	Apr	May
1	Federal and federally sponsored agencies	2,121,057	2,351,039	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.

2	Federal agencies	276	2	25,412	24,267	24,137	23,915	24,083	23,894	23,978
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	26,828	26,828	290	207	211	217	139	140	143
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	270	270	25,406	24,261	24,131	23,909	24,077	23,888	23,972
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	2,120,781	2,351,037	2,645,667	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
11	Federal Home Loan Banks	623,740	674,841	745,226	854,815	n.a.	n.a.	n.a.	n.a.	n.a.
12	Federal Home Loan Mortgage Corporation	565,071	648,894	744,800	733,400	n.a.	n.a.	n.a.	n.a.	n.a.
13	Federal National Mortgage Association	763,500	851,000	961,732	949,510	n.a.	n.a.	n.a.	n.a.	n.a.
14	Farm Credit Banks⁸	76,673	85,088	92,151	97,266	n.a.	n.a.	n.a.	n.a.	n.a.
15	Student Loan Marketing Association⁹	48,350	47,900	58,500	78,121	n.a.	n.a.	n.a.	n.a.	n.a.
16	Financing Corporation¹⁰	8,170	8,170	8,170	8,170	8,170	n.a.	n.a.	n.a.	n.a.
17	Farm Credit Financial Assistance Corporation¹¹	1,261	1,261	1,261	1,261	1,261	n.a.	n.a.	n.a.	n.a.
18	Resolution Funding Corporation¹²	29,996	29,996	29,996	29,996	29,996	n.a.	n.a.	n.a.	n.a.

	Memo
19	Federal Financing Bank debt¹³	39,096	37,017	30,811	27,948	28,048	28,125	27,408	27,471	27,543

	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	n.a.	n.a.	n.a.	16,961	17,575	17,722	17,860	16,961	17,824
26	Rural Electrification Administration	13,876	14,489	16,127	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
27	Other	25,220	22,528	14,684	10,987	10,473	10,403	9,548	10,510	9,719

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 7, 2005