Monthly Average Historic Discount Notes Rates

The following rates reflect the relationship between Fannie Mae Discount Notes and comparable maturity U.S. Government Treasury Bills. The rates listed are on a discounted basis and are an average of the daily rates for each month.


Page last revised:  07/07/16

This description is for general informational purposes only. This description does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this description constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's Offering Circular, dated May 9, 2012, and no reliance may be placed on the completeness or accuracy of the information contained in this description. Fannie Mae securities are offered only in jurisdictions where permissible by offering documents available through qualified securities dealers.

You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in the light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.

Fannie Mae debt securities, together with interest thereon, are not guaranteed by the United States and do not constitute a debt or obligation of the United States or of any agency or instrumentality thereof other than Fannie Mae.