Short-Term Borrowings and Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2016

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, 2016					December 31, 2015
	Outstanding		Weighted- Average Interest Rate(1)			Outstanding		Weighted- Average Interest Rate(1)
	(Dollars in millions)
Federal funds purchased and securities sold under agreements to repurchase(2)	$	35		—	%	$	62		—	%
Short-term debt of Fannie Mae	$	51,442		0.44	%	$	71,007		0.26	%
Debt of consolidated trusts	612			0.46		943			0.19
Total short-term debt	$	52,054		0.44	%	$	71,950		0.26	%

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⁽¹⁾  Includes the effects of discounts, premiums and other cost basis adjustments.

⁽²⁾  Represents agreements to repurchase securities for a specified price, with repayment generally occurring on the following day.

Long-Term Debt [Table Text Block]

The following table displays our outstanding long-term debt.

	As of
	September 30, 2016					December 31, 2015
	Maturities	Outstanding		Weighted- Average Interest Rate(1)		Maturities	Outstanding		Weighted- Average Interest Rate(1)
	(Dollars in millions)
Senior fixed:
Benchmark notes and bonds	2016 - 2030	$	153,481	2.23	%	2016 - 2030	$	154,057	2.49	%
Medium-term notes(2)	2016 - 2026	83,661		1.39		2016 - 2025	96,997		1.53
Other(3)	2017 - 2038	13,557		6.58		2016 - 2038	27,772		4.88
Total senior fixed		250,699		2.19			278,826		2.39
Senior floating:
Medium-term notes(2)	2016 - 2019	28,715		0.59		2016 - 2019	20,791		0.27
Connecticut Avenue Securities(4)	2023 - 2029	15,636		4.59		2023 - 2028	10,764		3.84
Other(5)	2020 - 2037	419		6.65		2020 - 2037	368		10.46
Total senior floating		44,770		2.01			31,923		1.58
Subordinated debentures	2019	4,537		9.93		2019	4,227		9.93
Secured borrowings(6)	2021 - 2022	120		1.42		2021 - 2022	152		1.47
Total long-term debt of Fannie Mae(7)		300,126		2.28			315,128		2.41
Debt of consolidated trusts	2016 - 2054	2,880,933		2.53		2016 - 2054	2,810,593		2.94
Total long-term debt		$	3,181,059	2.51	%		$	3,125,721	2.88	%

__________

⁽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 other long-term debt and foreign exchange bonds.

⁽⁴⁾  Credit risk-sharing securities that transfer a portion of the credit risk on specified pools of mortgage loans to the investors in these securities, a portion of which is reported at fair value.

⁽⁵⁾  Consists of structured debt instruments that are reported at fair value.

⁽⁶⁾  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.

⁽⁷⁾  Includes unamortized discounts and premiums, other cost basis adjustments and fair value adjustments of $2.0 billion and $3.2 billion as of September 30, 2016 and December 31, 2015, respectively.