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Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:      
Trading securities $ 989 $ 1,087 $ 1,251
Available-for-sale securities 3,299 3,277 5,290
Mortgage loans (includes $110,451, $123,633, and $132,591, respectively, related to consolidated trusts) 124,706 138,462 147,583
Other 196 117 146
Total interest income 129,190 142,943 154,270
Interest expense:      
Short-term debt 152 310 631
Long-term debt (includes $95,612, $108,641, and $118,373, respectively, related to consolidated trusts) 107,537 123,352 137,230
Total interest expense 107,689 123,662 137,861
Net interest income 21,501 19,281 16,409
Benefit (provision) for credit losses 852 (26,718) (24,896)
Net interest income (loss) after benefit (provision) for credit losses 22,353 (7,437) (8,487)
Investment gains, net 487 506 346
Other-than-temporary impairments (311) (614) (694)
Noncredit portion of other-than-temporary impairments recognized in other comprehensive income (loss) (402) 306 (28)
Net other-than-temporary impairments (713) (308) (722) [1]
Fair value losses, net (2,977) (6,621) (511)
Debt extinguishment losses, net (244) (232) (568)
Fee and other income 1,487 1,163 1,084
Non-interest loss (1,960) (5,492) (371)
Administrative expenses:      
Salaries and employee benefits 1,195 1,236 1,277
Professional services 766 736 942
Occupancy expenses 188 179 170
Other administrative expenses 218 219 208
Total administrative expenses 2,367 2,370 2,597
Foreclosed property (income) expense (254) 780 1,718
Other expenses 1,060 866 927
Total expenses 3,173 4,016 5,242
Income (loss) before federal income taxes 17,220 (16,945) (14,100)
Benefit for federal income taxes 0 90 82
Net income (loss) 17,220 (16,855) (14,018)
Other comprehensive income (loss):      
Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes 1,735 622 3,504
Other (116) (175) (60)
Total other comprehensive income 1,619 447 3,444
Total comprehensive income (loss) 18,839 (16,408) (10,574)
Less: Comprehensive loss attributable to noncontrolling interest 4 0 4
Total comprehensive income (loss) attributable to Fannie Mae 18,843 (16,408) (10,570)
Less: Net loss attributable to noncontrolling interest 4 0 4
Net income (loss) attributable to Fannie Mae 17,224 (16,855) (14,014)
Preferred stock dividends (11,603) (9,614) (7,704)
Undistributed earnings available for distribution to senior preferred stockholders (4,224) 0 0
Net income (loss) attributable to common stockholders (Note 11) $ 1,397 $ (26,469) $ (21,718)
Earnings (loss) per share:      
Basic $ 0.24 $ (4.61) $ (3.81)
Diluted $ 0.24 $ (4.61) $ (3.81)
Weighted-average common shares outstanding:      
Basic 5,762 [2] 5,737 [2] 5,694 [2]
Diluted 5,893 [2] 5,737 [2] 5,694 [2]
[1] Certain prior period amounts have been reclassified to conform to the current period presentation.
[2] 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.