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Statistical Supplement | March 2006

Statistical Supplement to the Federal Reserve Bulletin, March 2006
1.44  Federal and Federally Sponsored Credit Agencies, Debt Outstanding
Millions of dollars, end of period
Agency 2001 2002 2003 2004 2005
June July Aug Sept Oct
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 23,744 23,678 23,576 23,643 23,511
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 26,828 290 207 143 143 143 146 149
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 23,738 23,672 23,570 23,637 23,505
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 623,740 674,841 745,226 854,815 896,220 895,404 890,756 n.a. n.a.
12 Federal Home Loan Mortgage Corporation 565,071 648,894 744,800 733,400 739,600 732,400 742,300 n.a. n.a.
13 Federal National Mortgage Association 763,500 851,000 961,732 949,510 836,975 814,760 791,668 748,939 n.a.
14 Farm Credit Banks8 76,673 85,088 92,151 97,266 104,218 106,024 107,136 n.a. n.a.
15 Student Loan Marketing Association9 48,350 47,900 58,500 78,121 79,697 n.a. n.a. n.a. n.a.
16 Financing Corporation10 8,170 8,170 8,170 8,170 n.a. n.a. n.a. n.a. n.a.
17 Farm Credit Financial Assistance Corporation11 1,261 1,261 1,261 1,261 n.a. n.a. n.a. n.a. n.a.
18 Resolution Funding Corporation12 29,996 29,996 29,996 29,996 n.a. n.a. n.a. n.a. n.a.
 
  Memo  
19 Federal Financing Bank debt13 39,096 37,017 30,811 27,948 27,485 27,495 45,820 27,716 27,861
 
  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 17,926 17,899 18,038 18,198 18,086
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 9,559 9,596 27,782 9,518 9,775

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: April 4, 2006