XML 143 R102.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes - Benefit for Income Taxes (Details) (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]              
Current income tax benefit         $ 0 $ 90,000,000 $ 82,000,000
Deferred income tax benefit         0 [1] 0 [1] 0 [1]
Benefit for federal income taxes (1,000,000) 0 93,000,000 (2,000,000) 0 90,000,000 82,000,000
Proceeds from income tax refunds           1,100,000,000  
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]              
Statutory corporate tax rate         35.00% 35.00% 35.00%
Tax-exempt interest         (0.70%) 0.90% 1.30%
Equity investments in affordable housing projects         (3.90%) 4.80% 6.30%
Other         0.20% 1.00% 0.10%
Valuation allowance         (30.60%) (41.20%) (42.10%)
Effective tax rate         0.00% 0.50% 0.60%
Change in income tax provision due to valuation allowance changes         $ (5,300,000,000) $ 7,000,000,000 $ 5,900,000,000
[1] Amount excludes the income tax effect of items recognized directly in “Fannie Mae stockholders’ equity (deficit).”