This branch of the US government chartered Farmer Mac in response to the 1980's agricultural credit crisis
What is Congress
100
This is the number of FHLBanks in the FHLBank system
What is 12
100
These are some types of bonds issued by the IBRD:
a) Plain vanilla, benchmark, and zero-coupon notes
b) Callable fixed-rate, step-up, and capped floater notes
c) Structured notes linked to commodity, equity and risk controlled indices
d) All of the above
What is d) All of the above
100
This issuer is the largest issuer of Agency T-Bill floaters.
Who is Farm Credit
100
An important economic number that was released today and reflects job creation in the US economy.
What is Non-Farm payrolls
200
Federal regulators give this capital risk weighting to Farmer Mac securities
What is 20%
200
The FHLBanks have experienced approximately this amount in credit losses on advances to member banks.
a. 100
b. 0
c. 1
d. 11
What is 0
200
This country is the World Bank's largest shareholder.
What is the United States.
200
Farm Credit issues only American style calls for this reason.
a) Flexibility
b) A/L mandate
c) To be patriotic
What is a) Flexibility
200
The agency volatility convention used for the Bloomberg OAS model
What is 14%
300
These are the two main indexes that Farmer Mac uses to swap its MTN issuances.
What is 1 and 3 month Libor
300
This is the highest amount of debt outstanding for the FHLBank system.
a. $800 billion
b. $1.3 trillion
c. $2 trillion
d. $3 trillion
What is b) $1.3 trillion (it happened in 2008)
300
The World Bank raises this much annually through the capital markets.
a) US$ 30,000,000
b) US$ 300,000,000
c) US$ 3,000,000,000
d) US$ 30,000,000,000
What is d) US$ 30,000,000,000
300
Farm Credit issuance is driven by this.
a) Market timing
b) Matching assets and liabilities
c) NY Giants win/loss record
What is b) Matching assets and liabilities
300
The names of different call option types (American, Bermudan, Canary and European) originated from this.
What is their location on a map.
400
These two Congressional committees oversee Farmer Mac
What are the House and Senate Agricultural Committees
400
This is the number of bond transactions the FHLBanks executed in 2013
a) 900 b) 2,000 c) 4,000 d) 7,000
What is c) 4,000
400
The first World Bank bond was issued in this year.
a) 1937
b) 1947
c) 1957
d) 1967
What is b) 1947
400
This is the capital to assets ratio of the Farm Credit system.
a) 8.5%
b) 13%
c)16.5%
What is c) 16.5%
400
The most common reason given for a swap dealer to fade their FEE level on a trade.
What is Volatility
500
These are Farmer Mac's three business lines.
What are Farm and Ranch, USDA Guarantee, and Rural Utilities
500
This is the callable structure the FHLBanks issued through 148 transactions in 2013 (more than any other structure.)
a) 5 yr nc 3mo Step-up (Berm)
b) 1 yr nc 3mo (Berm)
c) 3 yr nc 3mo (Berm)
d) 3 yr nc 6mo Step-up (Berm)
What is a) 5 yr nc 3 mo Step-up (Berm)
500
The World Bank has issued in this many currencies.
a) 3
b) 17
c) 23
d) 56
What is d) 56
500
This many district banks make up the Farm Credit system.
What is 4
500
A deeply discounted callable bond that has fully extended and displays positive convexity