XML 66 R45.htm IDEA: XBRL DOCUMENT v3.6.0.2
Short-Term Borrowings and Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 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 December 31,
  
2016
 
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)
$

 
%
 
$
62

 
%
 
 
 
 
 
 
 
 
Short-term debt of Fannie Mae
$
34,995

 
0.49
%
 
$
71,007

 
0.26
%
Debt of consolidated trusts
584

 
0.48

 
943

 
0.19

Total short-term debt
$
35,579

 
0.49
%
 
$
71,950

 
0.26
%
__________
(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 December 31,
 
2016
 
2015
 
Maturities
 
Outstanding
 
Weighted- Average Interest Rate(1)
 
Maturities
 
Outstanding
 
Weighted- Average Interest Rate(1)
 
(Dollars in millions)
Senior fixed:
 
 
 
 
 
 
 
 
 
 
 
Benchmark notes and bonds
2017 - 2030
 
$
153,983

 
2.16
%
 
2016 - 2030
 
$
154,057

 
2.49
%
Medium-term notes(2)
2017 - 2026
 
82,230

 
1.40

 
2016 - 2025
 
96,997

 
1.53

Other(3)
2017 - 2038
 
12,800

 
6.74

 
2016 - 2038
 
27,772

 
4.88

Total senior fixed 
 
 
249,013

 
2.14

 
 
 
278,826

 
2.39

Senior floating:
 
 
 
 
 
 
 
 
 
 
 
Medium-term notes(2)
2017 - 2019
 
21,476

 
0.71

 
2016 - 2019
 
20,791

 
0.27

Connecticut Avenue Securities(4)
2023 - 2029
 
16,511

 
4.77

 
2023 - 2028
 
10,764

 
3.84

Other(5)
2020 - 2037
 
346

 
6.75

 
2020 - 2037
 
368

 
10.46

Total senior floating 
 
 
38,333

 
2.48

 
 
 
31,923

 
1.58

Subordinated debentures
2019
 
4,645

 
9.93

 
2019
 
4,227

 
9.93

Secured borrowings(6)
2021 - 2022
 
111

 
1.44

 
2021 - 2022
 
152

 
1.47

Total long-term debt of Fannie Mae(7)
 
 
292,102

 
2.31

 
 
 
315,128

 
2.41

Debt of consolidated trusts
2017 - 2056
 
2,934,635

 
2.57

 
2016 - 2054
 
2,810,593

 
2.94

Total long-term debt
 
 
$
3,226,737

 
2.54
%
 
 
 
$
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 with an original contractual maturity of greater than 10 years and foreign exchange bonds.
(4) 
Credit risk-sharing securities that transfer a portion of the credit risk on specified pools of single-family 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 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 $1.8 billion and $3.2 billion as of December 31, 2016 and 2015, respectively.
Long-Term Debt by Year of Maturity [Table Text Block]
The following table displays the amount of our long-term debt as of December 31, 2016 by year of maturity for each of the years 2017 through 2021 and thereafter. The first column assumes that we pay off this debt at maturity or on the call date if the call has been announced, while the second column assumes that we redeem our callable debt at the next available call date.
 
Long-Term Debt by
Year of Maturity
 
Assuming Callable Debt
Redeemed at Next
Available Call Date
 
(Dollars in millions)
2017
 
$
68,016

 
 
 
$
135,025

 
2018
 
55,086

 
 
 
43,451

 
2019
 
63,948

 
 
 
38,348

 
2020
 
29,414

 
 
 
16,734

 
2021
 
24,745

 
 
 
13,357

 
Thereafter
 
50,893

 
 
 
45,187

 
Total debt of Fannie Mae(1)
 
292,102

 
 
 
292,102

 
Debt of consolidated trusts(2)
 
2,934,635

 
 
 
2,934,635

 
Total long-term debt
 
$
3,226,737

 
 
 
$
3,226,737

 
__________
(1) 
Includes unamortized discounts and premiums, other cost basis adjustments and fair value adjustments of $1.8 billion.
(2) 
Contractual maturity of debt of consolidated trusts is not a reliable indicator of expected maturity because borrowers of the underlying loans generally have the right to prepay their obligations at any time.