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Segment Reporting Segment Reporting(Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Mar. 31, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Segment Reporting Information [Line Items]          
Net interest (loss) income $ 5,667   $ 5,428 $ 11,971 $ 10,625
Benefit (provision) for credit losses 5,383   3,041 6,340 1,041
Net interest income (loss) after benefit (provision) for credit losses 11,050   8,469 18,311 11,666
Guaranty fee income (expense) 51 [1]   58 [1] 105 [1] 120 [1]
Investment gains (losses), net 290   131 408 247
Net other-than-temporary impairments (6)   (599) (15) (663)
Fair value gains (losses), net 829   (2,449) 1,663 (2,166)
Debt extinguishment (losses) gains, net 27   (93) 4 (127)
Gains (losses) from partnership investments 115 [2]   23 [2] 174 [2] 33 [2]
Fee and other income (expense) 434   337 948 650
Administrative expenses (626)   (567) (1,267) (1,131)
Foreclosed property income (expense) 332   70 592 (269)
Other (expenses) income (416)   (261) (729) (523)
Income (loss) before federal income taxes 12,080   5,119 20,194 7,837
Benefit (provision) for federal income taxes (1,985) 50,600 0 48,586 [3] 0
Net income (loss) 10,095   5,119 68,780 7,837
Less: Net (income) loss attributable to noncontrolling interest (11)   (5) (11) (4)
Net (loss) income attributable to Fannie Mae 10,084   5,114 68,769 7,833
Single-Family [Member]
         
Segment Reporting Information [Line Items]          
Net interest (loss) income (50)   (215) 470 (594)
Benefit (provision) for credit losses 5,353   2,956 6,134 903
Net interest income (loss) after benefit (provision) for credit losses 5,303   2,741 6,604 309
Guaranty fee income (expense) 2,544   1,970 4,919 3,881
Investment gains (losses), net 1   2 3 3
Net other-than-temporary impairments 0   0 0 0
Fair value gains (losses), net (1)   (3) (3) (4)
Debt extinguishment (losses) gains, net 0   0 0 0
Gains (losses) from partnership investments 0   0 0 0
Fee and other income (expense) 179   207 351 407
Administrative expenses (419)   (382) (845) (762)
Foreclosed property income (expense) 328   59 581 (273)
Other (expenses) income (387)   (240) (741) (475)
Income (loss) before federal income taxes 7,548     10,869  
Benefit (provision) for federal income taxes (1,050)     30,528 [3]  
Net income (loss) 6,498   4,354 41,397 3,086
Less: Net (income) loss attributable to noncontrolling interest 0   0 0 0
Net (loss) income attributable to Fannie Mae 6,498   4,354 41,397 3,086
Multifamily [Member]
         
Segment Reporting Information [Line Items]          
Net interest (loss) income (17)   (6) (28) (13)
Benefit (provision) for credit losses 30   85 206 138
Net interest income (loss) after benefit (provision) for credit losses 13   79 178 125
Guaranty fee income (expense) 300   252 591 495
Investment gains (losses), net 4   6 11 12
Net other-than-temporary impairments 0   0 0 0
Fair value gains (losses), net 0   0 0 0
Debt extinguishment (losses) gains, net 0   0 0 0
Gains (losses) from partnership investments 104   18 163 29
Fee and other income (expense) 38   49 89 96
Administrative expenses (67)   (60) (137) (124)
Foreclosed property income (expense) 4   11 11 4
Other (expenses) income 0   3 1 0
Income (loss) before federal income taxes 396     907  
Benefit (provision) for federal income taxes (10)     7,978 [3]  
Net income (loss) 386   358 8,885 637
Less: Net (income) loss attributable to noncontrolling interest 0   0 0 0
Net (loss) income attributable to Fannie Mae 386   358 8,885 637
Capital Markets [Member]
         
Segment Reporting Information [Line Items]          
Net interest (loss) income 2,680   3,443 5,422 6,984
Benefit (provision) for credit losses 0   0 0 0
Net interest income (loss) after benefit (provision) for credit losses 2,680   3,443 5,422 6,984
Guaranty fee income (expense) (283)   (326) (582) (658)
Investment gains (losses), net 898   1,458 2,247 2,465
Net other-than-temporary impairments (6)   (597) (15) (661)
Fair value gains (losses), net 841   (2,461) 1,716 (2,291)
Debt extinguishment (losses) gains, net 3   (102) (37) (172)
Gains (losses) from partnership investments 0   0 0 0
Fee and other income (expense) 255   186 604 366
Administrative expenses (140)   (125) (285) (245)
Foreclosed property income (expense) 0   0 0 0
Other (expenses) income (8)   (3) 50 (11)
Income (loss) before federal income taxes 4,240     9,120  
Benefit (provision) for federal income taxes (925)     10,080 [3]  
Net income (loss) 3,315   1,473 19,200 5,777
Less: Net (income) loss attributable to noncontrolling interest 0   0 0 0
Net (loss) income attributable to Fannie Mae 3,315   1,473 19,200 5,777
Consolidated Trusts [Member]
         
Segment Reporting Information [Line Items]          
Net interest (loss) income 2,621 [4]   1,731 [4] 5,218 [4] 3,300 [4]
Benefit (provision) for credit losses 0 [4]   0 [4] 0 [4] 0 [4]
Net interest income (loss) after benefit (provision) for credit losses 2,621 [4]   1,731 [4] 5,218 [4] 3,300 [4]
Guaranty fee income (expense) (1,283) [1],[4]   (1,206) [1],[4] (2,487) [1],[4] (2,365) [1],[4]
Investment gains (losses), net (89) [4]   87 [4] (156) [4] 114 [4]
Net other-than-temporary impairments 0 [4]   (2) [4] 0 [4] (2) [4]
Fair value gains (losses), net (214) [4]   (60) [4] (418) [4] (8) [4]
Debt extinguishment (losses) gains, net 24 [4]   9 [4] 41 [4] 45 [4]
Gains (losses) from partnership investments 0 [4]   0 [4] 0 [4] 0 [4]
Fee and other income (expense) (86) [4]   (100) [4] (170) [4] (208) [4]
Administrative expenses 0 [4]   0 [4] 0 [4] 0 [4]
Foreclosed property income (expense) 0 [4]   0 [4] 0 [4] 0 [4]
Other (expenses) income 0 [4]   0 [4] 0 [4] 0 [4]
Income (loss) before federal income taxes 973 [4]     2,028 [4]  
Benefit (provision) for federal income taxes 0 [4]     0 [3],[4]  
Net income (loss) 973 [4]   459 [4] 2,028 [4] 876 [4]
Less: Net (income) loss attributable to noncontrolling interest 0 [4]   0 [4] 0 [4] 0 [4]
Net (loss) income attributable to Fannie Mae 973 [4]   459 [4] 2,028 [4] 876 [4]
Eliminations/Adjustments [Member]
         
Segment Reporting Information [Line Items]          
Net interest (loss) income 433 [5],[6]   475 [5],[6] 889 [5],[6] 948 [5],[6]
Benefit (provision) for credit losses 0 [6]   0 [6] 0 [6] 0 [6]
Net interest income (loss) after benefit (provision) for credit losses 433 [6]   475 [6] 889 [6] 948 [6]
Guaranty fee income (expense) (1,227) [1],[6]   (632) [1],[6] (2,336) [1],[6] (1,233) [1],[6]
Investment gains (losses), net (524) [6],[7]   (1,422) [6],[7] (1,697) [6],[7] (2,347) [6],[7]
Net other-than-temporary impairments 0 [6]   0 [6] 0 [6] 0 [6]
Fair value gains (losses), net 203 [6],[8]   75 [6],[8] 368 [6],[8] 137 [6],[8]
Debt extinguishment (losses) gains, net 0 [6]   0 [6] 0 [6] 0 [6]
Gains (losses) from partnership investments 11 [6]   5 [6] 11 [6] 4 [6]
Fee and other income (expense) 48 [6]   (5) [6] 74 [6] (11) [6]
Administrative expenses 0 [6]   0 [6] 0 [6] 0 [6]
Foreclosed property income (expense) 0 [6]   0 [6] 0 [6] 0 [6]
Other (expenses) income (21) [6]   (21) [6] (39) [6] (37) [6]
Income (loss) before federal income taxes (1,077) [6]     (2,730) [6]  
Benefit (provision) for federal income taxes 0 [6]     0 [3],[6]  
Net income (loss) (1,077) [6]   (1,525) [6] (2,730) [6] (2,539) [6]
Less: Net (income) loss attributable to noncontrolling interest (11) [6],[9]   (5) [6],[9] (11) [6],[9] (4) [6],[9]
Net (loss) income attributable to Fannie Mae $ (1,088) [6]   $ (1,530) [6] $ (2,741) [6] $ (2,543) [6]
[1] Represents the guaranty fees paid from consolidated trusts to the Single-Family and Multifamily segments. The adjustment to guaranty fee income in the Eliminations/Adjustments column represents the elimination of the amortization of deferred cash fees related to consolidated trusts that were re-established for segment reporting. Total guaranty fee income related to unconsolidated Fannie Mae MBS trusts and other credit enhancement arrangements is included in fee and other income in our condensed consolidated statements of operations and comprehensive income.
[2] Gains from partnership investments are included in other expenses in our condensed consolidated statements of operations and comprehensive income.
[3] Primarily represents the release of the valuation allowance for our deferred tax assets that primarily are directly attributable to each segment based on the nature of the item.
[4] Represents activity related to the assets and liabilities of consolidated trusts in our condensed consolidated balance sheets.
[5] Represents the amortization expense of cost basis adjustments on securities that are retained in the Capital Markets group’s mortgage portfolio that on a GAAP basis are eliminated.
[6] Represents the elimination of intercompany transactions occurring between the three business segments and our consolidated trusts, as well as other adjustments to reconcile to our consolidated results.
[7] Primarily represents the removal of realized gains and losses on sales of Fannie Mae MBS classified as available-for-sale securities that are issued by consolidated trusts and retained in the Capital Markets group’s mortgage portfolio. The adjustment also includes the removal of securitization gains (losses) recognized in the Capital Markets segment relating to portfolio securitization transactions that do not qualify for sale accounting under GAAP.
[8] Represents the removal of fair value adjustments on consolidated Fannie Mae MBS classified as trading that are retained in the Capital Markets group’s mortgage portfolio.
[9] Represents the adjustment from equity method accounting to consolidation accounting for partnership investments that are consolidated in our condensed consolidated balance sheets.