XML 111 R41.htm IDEA: XBRL DOCUMENT v2.4.0.8
Short-Term Borrowings and Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Short-Term Borrowings [Table Text Block]
The following table displays our outstanding short-term borrowings (borrowings with an original contractual maturity of one year or less) and weighted-average interest rates of these borrowings as of September 30, 2014 and December 31, 2013.
 
As of
  
September 30, 2014
 
December 31, 2013
 
Outstanding
 
Weighted- Average Interest Rate(1)
 
Outstanding
 
Weighted- Average Interest Rate(1)
 
 
(Dollars in millions) 
 
Fixed-rate short-term debt:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount notes(2)
 
$
97,399

 
 
 
0.10
%
 
 
 
$
71,933

 
 
 
0.12
%
 
Foreign exchange discount notes(3)
 

 
 
 

 
 
 
362

 
 
 
1.07

 
Total short-term debt of Fannie Mae
 
97,399

 
 
 
0.10

 
 
 
72,295

 
 
 
0.13

 
Debt of consolidated trusts
 
1,804

 
 
 
0.11

 
 
 
2,154

 
 
 
0.09

 
Total short-term debt
 
$
99,203

 
 
 
0.10
%
 
 
 
$
74,449

 
 
 
0.13
%
 
__________
(1) 
Includes the effects of discounts, premiums and other cost basis adjustments.
(2) 
Represents unsecured general obligations with maturities ranging from overnight to 360 days from the date of issuance.
(3) 
Represents foreign exchange discount notes issued in the Euro commercial paper market with maturities ranging from 5 to 360 days which enable investors to hold short-term investments in different currencies. We do not incur foreign exchange risk on these transactions, as we simultaneously enter into foreign currency swaps that have the effect of converting debt that we issue in foreign denominated currencies into U.S. dollars.
Long-Term Debt [Table Text Block]
The following table displays our outstanding long-term debt as of September 30, 2014 and December 31, 2013.
 
As of
 
September 30, 2014
 
December 31, 2013
 
Maturities
 
Outstanding
 
Weighted- Average Interest Rate(1)
 
Maturities
 
Outstanding
 
Weighted- Average Interest Rate(1)
 
(Dollars in millions)
Senior fixed: 
 
 
 
 
 
 
 
 
 
 
 
Benchmark notes and bonds
2014 - 2030
 
$
188,002

 
2.41
%
 
2014 - 2030
 
$
212,234

 
2.45
%
Medium-term notes(2)
2014 - 2024
 
125,106

 
1.38

 
2014 - 2023
 
161,445

 
1.28

Foreign exchange notes and bonds
2021 - 2028
 
644

 
5.23

 
2021 - 2028
 
682

 
5.41

Other
2014 - 2038
 
33,247

 
4.61

 
2014 - 2038
 
38,444

(3)
4.99

Total senior fixed
 
 
346,999

 
2.25

 
 
 
412,805

 
2.24

Senior floating:
 
 
 
 
 
 
 
 
 
 
 
Medium-term notes(2)
2014 - 2019
 
21,374

 
0.17

 
2014 - 2019
 
38,441

 
0.20

Other(3)(4)
2020 - 2037
 
5,204

 
2.90

 
2020 - 2037
 
955

 
5.18

Total senior floating
 
 
26,578

 
0.70

 
 
 
39,396

 
0.32

Subordinated fixed: 
 
 
 
 
 
 
 
 
 
 
 
Qualifying subordinated
 

 

 
2014
 
1,169

 
5.27

Subordinated debentures
2019
 
3,760

 
9.92

 
2019
 
3,507

 
9.92

Total subordinated fixed
 
 
3,760

 
9.92

 
 
 
4,676

 
8.76

Secured borrowings(5)
2021 - 2022
 
216

 
1.89

 
2021 - 2022
 
262

 
1.86

Total long-term debt of Fannie Mae(6)
 
 
377,553

 
2.22

 
 
 
457,139

 
2.14

Debt of consolidated trusts(3)
2014 - 2054
 
2,724,724

 
3.10

 
2014 - 2053
 
2,702,935

 
3.26

Total long-term debt
 
 
$
3,102,277

 
2.99
%
 
 
 
$
3,160,074

 
3.10
%
__________
(1) 
Includes the effects of discounts, premiums and other cost basis adjustments.
(2) 
Includes long-term debt with an original contractual maturity of greater than 1 year and up to 10 years, excluding zero-coupon debt.
(3) 
Includes a portion of structured debt instruments that is reported at fair value.
(4) 
Includes credit risk sharing securities issued under our Connecticut Avenue Securities series, which transfers some of the credit risk of our mortgage loans to the investors in these securities.
(5) 
Represents our remaining liability resulting from the transfer of financial assets from our condensed consolidated balance sheets that did not qualify as a sale under the accounting guidance for the transfer of financial instruments.
(6) 
Reported amounts include unamortized discounts and premiums, other cost basis adjustments and fair value adjustments of $4.1 billion and $4.8 billion as of September 30, 2014 and December 31, 2013, respectively.