Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share, Basic and Diluted [Table Text Block]

The following table displays the computation of basic and diluted earnings per share of common stock.

	For the Three Months Ended March 31,
	2016				2015
	(Dollars and shares in millions, except per share amounts)
Net income attributable to Fannie Mae		$	1,136			$	1,888
Dividends distributed or available for distribution to senior preferred stockholder(1)		(919		)		(1,796		)
Net income attributable to common stockholders		$	217			$	92
Weighted-average common shares outstanding—Basic(2)		5,762				5,762
Convertible preferred stock		131				131
Weighted-average common shares outstanding—Diluted(2)		5,893				5,893
Earnings per share:
Basic		$	0.04			$	0.02
Diluted		0.04				0.02

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⁽¹⁾  Dividends distributed or available for distribution were calculated based on our net worth as of the end of the fiscal quarters, less the applicable capital reserve amount. See “Note 1, Summary of Significant Accounting Policies” in our 2015 Form 10-K for additional information on our senior preferred stock agreement and our payment of dividends to Treasury.

⁽²⁾  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 March 31, 2016 and 2015.