Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 54

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 54
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10,437,623 3.77 %  Due after one year:   Medium-term notes due in:   Two years$4,844,538 2.66 %  Three years3,822,999 3.53 %  Four years2,732,980 4.13 %  Five years2,491,831 4.41 %Thereafter3,190,202 2.63 %  Total due after one year$17,082,550 3.34 %  Total principal net of discounts$27,520,173 3.51 %  Hedging adjustments(148,999)Total$27,371,174  December 31, 2023 Outstanding as of December 31Average Outstanding During the Year  AmountWeighted- Average RateAmountWeighted- Average Rate  (dollars in thousands)Due within one year:    Discount notes$1,734,387 5.32 %$1,097,300 5.08 %Medium-term notes384,970 5.07 %1,731,308 4.09 %Current portion of medium-term notes5,967,811 2.90 % Total due within one year$8,087,168 3.52 %  Due after one year:    Medium-term notes due in:    Two years$5,523,671 3.27 %  Three years3,825,702 2.27 %  Four years3,038,229 3.44 %  Five years2,623,202 4.37 %Thereafter3,488,987 2.80 %  Total due after one year$18,499,791 3.16 %  Total principal net of discounts$26,586,959 3.27 %  Hedging adjustments(250,417)Total$26,336,542 

157

The maximum amount of Farmer Mac's discount notes outstanding at any month end during the years ended December 31, 2024 and 2023 was $2.3 billion and $1.8 billion, respectively.Callable medium-term notes give Farmer Mac the option to redeem the debt at par value on a specified call date