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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Trading securities $ 120 $ 115
Available-for-sale securities 203 376
Mortgage loans (includes $24,626 and $24,622, respectively, related to consolidated trusts) 26,961 27,044
Other 48 33
Total interest income 27,332 27,568
Interest expense:    
Short-term debt 51 29
Long-term debt (includes $20,658 and $20,515, respectively, related to consolidated trusts) 22,512 22,472
Total interest expense 22,563 22,501
Net interest income 4,769 5,067
Benefit for credit losses 1,184 533
Net interest income after benefit for credit losses 5,953 5,600
Non-interest income (loss):    
Investment gains, net 69 342
Fair value losses, net (2,813) (1,919)
Fee and other income 203 308
Non-interest loss (2,541) (1,269)
Administrative expenses:    
Salaries and employee benefits 364 351
Professional services 215 271
Occupancy expenses 45 43
Other administrative expenses 64 58
Total administrative expenses 688 723
Foreclosed property expense 334 473
Temporary Payroll Tax Cut Continuation Act of 2011 (“TCCA”) fees 440 382
Other expenses (income), net 264 (5)
Total expenses 1,726 1,573
Income before federal income taxes 1,686 2,758
Provision for federal income taxes (550) (870)
Net income 1,136 1,888
Other comprehensive loss:    
Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes (198) (91)
Other (2) (1)
Total other comprehensive loss (200) (92)
Total comprehensive income attributable to Fannie Mae 936 1,796
Net income attributable to Fannie Mae 1,136 1,888
Dividends distributed or available for distribution to senior preferred stockholder (Note 10) (919) (1,796)
Net income attributable to common stockholders (Note 10) $ 217 $ 92
Earnings (loss) per share, Basic (in dollars per share) $ 0.04 $ 0.02
Earnings (loss) per share, Diluted (in dollars per share) $ 0.04 $ 0.02
Weighted-average common shares outstanding, Basic 5,762 5,762
Weighted-average common shares outstanding, Diluted 5,893 5,893