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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Trading securities $ 151 $ 185 $ 421 $ 633
Available-for-sale securities 395 546 1,249 1,870
Mortgage loans (includes $25,217 and $25,351, respectively, for the three months ended and $76,704 and $75,592, respectively, for the nine months ended related to consolidated trusts) 27,779 28,299 84,532 85,579
Other 29 37 77 143
Total interest income 28,354 29,067 86,279 88,225
Interest expense:        
Short-term debt 26 29 67 109
Long-term debt (includes $21,094 and $20,905, respectively, for the three months ended and $64,862 and $62,785, respectively, for the nine months ended related to consolidated trusts) 23,144 23,456 71,386 70,563
Total interest expense 23,170 23,485 71,453 70,672
Net interest income 5,184 5,582 [1] 14,826 17,553 [1]
Benefit for credit losses 1,085 2,609 [1] 3,498 8,949 [1]
Net interest income after benefit for credit losses 6,269 8,191 [1] 18,324 26,502 [1]
Investment gains, net 177 648 829 1,056
Net other-than-temporary impairments (6) (27) [1] (80) (42) [1]
Fair value (losses) gains, net (207) 335 [1] (2,331) 1,998 [1]
Debt extinguishment gains, net 11 92 [1] 49 96 [1]
Fee and other income 826 741 5,564 1,794
Non-interest income 801 1,789 4,031 4,902
Administrative expenses:        
Salaries and employee benefits 337 307 981 928
Professional services 263 236 780 678
Occupancy expenses 47 48 144 141
Other administrative expenses 59 55 170 166
Total administrative expenses 706 646 [1] 2,075 1,913 [1]
Foreclosed property expense (income) 249 (1,165) [1] (227) (1,757) [1]
Temporary Payroll Tax Cut Continuation Act of 2011 (“TCCA”) fees 351 276 1,008 695
Other expenses, net 72 124 479 260
Total expenses (income) 1,378 (119) 3,335 1,111
Income before federal income taxes 5,692 10,099 [1] 19,020 30,293 [1]
(Provision) benefit for federal income taxes (1,787) (1,355) [1] (6,123) 47,231 [1],[2]
Net income 3,905 8,744 [1] 12,897 77,524 [1]
Other comprehensive income:        
Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes 63 (133) 480 532
Other 32 (1) 32 154
Total other comprehensive income (loss) 95 (134) 512 686
Total comprehensive income 4,000 8,610 13,409 78,210
Comprehensive Income Attributable to Noncontrolling Interest 0 (7) (1) (18)
Total comprehensive income attributable to Fannie Mae 4,000 8,603 13,408 78,192
Net income 3,905 8,744 [1] 12,897 77,524 [1]
Net Income Attributable to Noncontrolling Interest 0 (7) [1] (1) (18) [1]
Net income attributable to Fannie Mae 3,905 8,737 [1] 12,896 77,506 [1]
Dividends distributed or available for distribution to senior preferred stockholder (Note 11) (3,999) [3] (8,617) [3] (13,403) [3] (78,228) [3]
Net (loss) income attributable to common stockholders (Note 11) $ (94) $ 120 $ (507) $ (722)
(Loss) earnings per share: basic and diluted $ (0.02) $ 0.02 $ (0.09) $ (0.13)
Weighted Average common shares outstanding, Basic 5,762 [4] 5,762 [4] 5,762 [4] 5,762 [4]
Weighted Average Common of Shares Outstanding, Diluted 5,762 [4] 5,893 [4] 5,762 [4] 5,762 [4]
[1] Certain prior period amounts have been reclassified to conform to our current period presentation.
[2] Primarily represented the release of the valuation allowance for our deferred tax assets that generally is directly attributable to each segment based on the nature of the item.
[3] Represents our dividend payments to Treasury under the terms of the senior preferred stock. Dividends distributed or available for distribution for the three months ended September 30, 2014 (relating to the dividend period for the three months ended December 31, 2014) were calculated based on our net worth as of September 30, 2014 less the applicable capital reserve amount of $2.4 billion and for the nine months ended September 30, 2014 we added dividends paid on June 30 and September 30, 2014. Dividends distributed or available for distribution for the three months ended September 30, 2013 (relating to the dividend period for the three months ended December 31, 2013) were calculated based on our net worth as of September 30, 2013 less the applicable capital reserve amount of $3.0 billion and for the nine months ended September 30, 2013 we added dividends paid on June 28 and September 30, 2013.
[4] Includes 4.6 billion 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 September 30, 2014.