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Selected Quarterly Financial Information (Unaudited) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:                      
Trading securities $ 233 $ 234 $ 73 $ 449 $ 265 $ 274 $ 264 $ 284 $ 989 $ 1,087 $ 1,251
Available-for-sale securities 748 789 1,035 727 (248) [1] 1,160 1,152 1,213 3,299 3,277 5,290
Mortgage loans 29,520 30,593 32,023 32,570 33,205 34,334 35,333 35,590 124,706 138,462 147,583
Other 65 53 40 38 38 26 25 28 196 117 146
Total interest income 30,566 31,669 33,171 33,784 33,260 35,794 36,774 37,115 129,190 142,943 154,270
Interest expense:                      
Short-term debt 40 38 32 42 56 66 81 107 152 310 631
Long-term debt 24,967 26,314 27,711 28,545 29,041 30,542 31,721 32,048 107,537 123,352 137,230
Total interest expense 25,007 26,352 27,743 28,587 29,097 30,608 31,802 32,155 107,689 123,662 137,861
Net interest income 5,559 5,317 5,428 5,197 4,163 5,186 4,972 4,960 21,501 19,281 16,409
Benefit (provision) for credit losses 1,890 [2] (2,079) [2] 3,041 [2] (2,000) [2] (5,476) (4,151) (6,537) (10,554) 852 (26,718) (24,896)
Net interest income (loss) after benefit (provision) for credit losses 7,449 3,238 8,469 3,197 (1,313) 1,035 (1,565) (5,594) 22,353 (7,437) (8,487)
Investment gains, net 106 134 131 116 187 73 171 75 487 506 346
Other-than-temporary impairments (18) (17) (196) (80) (297) [1] (232) (28) (57) (311) (614) (694)
Noncredit portion of other-than-temporary impairments recognized in other comprehensive income (loss) 6 (21) (403) 16 351 (30) (28) 13 (402) 306 (28)
Net other-than-temporary impairments (12) (38) (599) (64) 54 (262) (56) (44) (713) (308) (722) [3]
Fair value (losses) gains, net 209 (1,020) (2,449) 283 (751) (4,525) (1,634) 289 (2,977) (6,621) (511)
Debt extinguishment (losses) gains, net (63) (54) (93) (34) (83) (119) (43) 13 (244) (232) (568)
Fee and other income 339 378 395 375 370 291 265 237 1,487 1,163 1,084
Non-interest income (loss) 579 (600) (2,615) 676 (223) (4,542) (1,297) 570 (1,960) (5,492) (371)
Administrative expenses:                      
Salaries and employee benefits 303 294 292 306 283 323 310 320 1,195 1,236 1,277
Professional services 224 195 179 168 205 173 169 189 766 736 942
Occupancy expenses 49 48 48 43 48 46 43 42 188 179 170
Other administrative expenses 72 51 48 47 69 49 47 54 218 219 208
Total administrative expenses 648 588 567 564 605 591 569 605 2,367 2,370 2,597
Foreclosed property (income) expense (475) (48) (70) 339 37 733 (478) 488 (254) 780 1,718
Other expenses 285 285 238 252 228 254 32 352 1,060 866 927
Total expenses 458 825 735 1,155 870 1,578 123 1,445 3,173 4,016 5,242
Income (loss) before federal income taxes         (2,406) (5,085) (2,985) (6,469) 17,220 (16,945) (14,100)
(Provision) benefit for federal income taxes         (1) 0 93 (2) 0 90 82
Net income (loss) 7,570 1,813 5,119 2,718 (2,407) [1] (5,085) (2,892) (6,471) 17,220 (16,855) (14,018)
Less: Net loss (income) attributable to noncontrolling interest 0 8 (5) 1 1 0 (1) 0 4 0 4
Net income (loss) attributable to Fannie Mae 7,570 1,821 5,114 2,719 (2,406) (5,085) (2,893) (6,471) 17,224 (16,855) (14,014)
Preferred stock dividends (2,928) (2,929) (2,929) (2,817) (2,622) (2,494) (2,282) (2,216) (11,603) (9,614) (7,704)
Undistributed earnings available for distribution to senior preferred stockholders (4,224) 0 0 0         (4,224) 0 0
Net (loss) income attributable to common stockholders (Note 11) $ 418 $ (1,108) $ 2,185 $ (98) $ (5,028) $ (7,579) $ (5,175) $ (8,687) $ 1,397 $ (26,469) $ (21,718)
Earnings (loss) per share:                      
Basic $ 0.07 $ (0.19) $ 0.38 $ (0.02)         $ 0.24 $ (4.61) $ (3.81)
Diluted $ 0.07 $ (0.19) $ 0.37 $ (0.02)         $ 0.24 $ (4.61) $ (3.81)
Loss per share—Basic and Diluted         $ (0.87) $ (1.32) $ (0.90) $ (1.52)      
Weighted-average common shares outstanding:                      
Basic 5,762 5,762 5,762 5,761         5,762 [4] 5,737 [4] 5,694 [4]
Diluted 5,893 5,762 5,893 5,761         5,893 [4] 5,737 [4] 5,694 [4]
Weighted-average common shares outstanding—Basic and Diluted         5,760 5,760 5,730 5,698      
[1] Includes an out-of-period adjustment of $933 million comprised of $1.2 billion to reduce “Interest Income: Available-for-sale securities” offset by a $264 million reduction to “Other-than-temporary impairments” in our consolidated statement of operations and comprehensive loss for the three months ended December 31, 2011.
[2] Includes out-of-period adjustments of $548 million, $503 million, $850 million, and $172 million which increased our provision for credit losses for the three months ended March 31, 2012, June 30, 2012, September 30, 2012, and December 31, 2012, respectively.
[3] Certain prior period amounts have been reclassified to conform to the current period presentation.
[4] Includes 4.7 billion for the year ended December 31, 2012, and 4.6 billion for both the years ended December 31, 2011 and 2010 of weighted-average shares of common stock, that would be issued upon the full exercise of the warrant issued to Treasury from the date the warrant was issued through December 31, 2012, 2011 and 2010, respectively.