The Benchmark Note and Benchmark Bonds Outstanding report provides the amount outstanding for each of those securities. The report also shows the amount that has been repurchased and the amount that is eligible for repurchase as summarized in the Benchmark Securities Buyback overview.
Through the Benchmark Buyback program, Fannie Mae may periodically repurchase off-the-run Benchmark Securities for asset/liability management purposes. The company will not repurchase on-the-run Benchmark Securities. Fannie Mae defines on-the-run Benchmark Securities as the most recently issued securities in each of the five maturities (two-, three-, five-, ten-, and thirty-years) that Fannie Mae has committed to bring to market on its Year 2001 noncallable Benchmark Securities calendar. Fannie Mae will not repurchase its Subordinated Benchmark Notes.
