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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, 2013
Dec. 31, 2012
Dec. 31, 2011
TCCA fees $ 1,001 $ 238 $ 0
Interest income:      
Trading securities 779 989 1,087
Available-for-sale securities 2,357 3,299 3,277
Mortgage loans (includes $110,448, $110,451, and $123,633, respectively, related to consolidated trusts) 114,238 124,706 138,462
Other 175 196 117
Total interest income 117,549 129,190 142,943
Interest expense:      
Short-term debt 131 152 310
Long-term debt (includes $84,751, $95,612, and $108,641, respectively, related to consolidated trusts) 95,014 107,537 123,352
Total interest expense 95,145 107,689 123,662
Net interest income 22,404 21,501 19,281
Benefit (provision) for credit losses 8,949 852 (26,718)
Net interest income (loss) after benefit (provision) for credit losses 31,353 22,353 (7,437)
Investment gains, net 1,191 487 506
Net other-than-temporary impairments (64) [1] (713) (308)
Fair value gains (losses), net 2,959 (2,977) (6,621)
Debt extinguishment gains (losses), net 131 (244) (232)
Fee and other income 3,930 1,487 1,163
Non-interest income (loss) 8,147 (1,960) (5,492)
Administrative expenses:      
Salaries and employee benefits 1,218 1,195 1,236
Professional services 910 766 736
Occupancy expenses 189 188 179
Other administrative expenses 228 218 219
Total administrative expenses 2,545 2,367 2,370
Foreclosed property (income) expense (2,839) (254) 780
Other expenses, net 226 822 866
Total expenses 933 3,173 4,016
Income (loss) before federal income taxes 38,567 17,220 (16,945)
Benefit for federal income taxes 45,415 [2] 0 90
Net income (loss) 83,982 17,220 (16,855)
Other comprehensive income (loss):      
Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes 693 1,735 622
Other 126 (116) (175)
Net other comprehensive income 819 1,619 447
Total comprehensive income (loss) 84,801 18,839 (16,408)
Less: Comprehensive (income) loss attributable to noncontrolling interest (19) 4 0
Total comprehensive income (loss) attributable to Fannie Mae 84,782 18,843 (16,408)
Less: Net (income) loss attributable to noncontrolling interest (19) 4 0
Net income (loss) attributable to Fannie Mae 83,963 17,224 (16,855)
Dividends distributed or available for distribution to senior preferred stockholder (85,419) [3] (15,827) [3] (9,614) [3]
Net (loss) income attributable to common stockholders (Note 11) (1,456) 1,397 (26,469)
(Loss) earnings per share:      
Basic (per share) $ (0.25) $ 0.24 $ (4.61)
Diluted (per share) $ (0.25) $ 0.24 $ (4.61)
Weighted-average common shares outstanding:      
Basic 5,762 [4] 5,762 [4] 5,737 [4]
Diluted 5,762 [4] 5,893 [4] 5,737 [4]
US Treasury [Member]
     
TCCA fees $ 1,001 [5] $ 238 [5],[6]  
[1] Includes $34 million of other-than-temporary impairments recognized in earnings for the year ended December 31, 2013, related to our intent to sell the related securities before recovery of their amortized cost basis.
[2] Primarily represents the release of the valuation allowance for our deferred tax assets that generally are directly attributable to each segment based on the nature of the item.
[3] Dividends available for distribution as of December 31, 2013 (relating to the dividend period for the three months ended March 31, 2014) are calculated based on our net worth as of December 31, 2013 less the applicable capital reserve amount of $2.4 billion. For quarterly dividend periods in 2013, dividends distributed were calculated based on our net worth as of the end of the immediately preceding fiscal quarter less the applicable capital reserve amount of $3.0 billion. During the years ended December 31, 2012 and 2011, an annual dividend rate of 10% on the aggregate liquidation preference was used to calculate the dividend.
[4] Includes 4.6 billion, 4.7 billion and 4.6 billion for the years ended December 31, 2013, 2012 and 2011, respectively, 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, 2013, 2012 and 2011, respectively.
[5] Pursuant to the TCCA, effective April 1, 2012, we increased the guaranty fee on all single-family residential mortgages delivered to us on or after that date by 10 basis points, and the incremental revenue must be remitted to Treasury. The resulting revenue is included in guaranty fee income and the expense is recognized as “TCCA fees.” This increase in guaranty fee is also included in the single-family average charged guaranty fee.
[6] Certain prior period amounts have been reclassified to conform with the current period presentation.