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

9 Months Ended

Sep. 30, 2017

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, 2017				December 31, 2016
	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)	$	81	0.25	%	$	—	—	%
Short-term debt of Fannie Mae	$	33,332	1.03	%	$	34,995	0.49	%
Debt of consolidated trusts	459		0.78		584		0.48
Total short-term debt	$	33,791	1.02	%	$	35,579	0.49	%

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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, 2017					December 31, 2016
	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	$	133,022	2.01	%	2017 - 2030	$	153,983	2.16	%
Medium-term notes(2)	2017 - 2026	78,087		1.41		2017 - 2026	82,230		1.40
Other(3)	2017 - 2038	7,852		4.83		2017 - 2038	12,800		6.74
Total senior fixed		218,961		1.90			249,013		2.14
Senior floating:
Medium-term notes(2)	2017 - 2020	11,424		1.26		2017 - 2019	21,476		0.71
Connecticut Avenue Securities(4)	2023 - 2030	22,131		5.08		2023 - 2029	16,511		4.77
Other(5)	2020 - 2037	369		7.44		2020 - 2037	346		6.75
Total senior floating		33,924		3.78			38,333		2.48
Subordinated debentures	2019	4,987		9.93		2019	4,645		9.93
Secured borrowings(6)	2021 - 2022	85		1.52		2021 - 2022	111		1.44
Total long-term debt of Fannie Mae(7)		257,957		2.30			292,102		2.31
Debt of consolidated trusts	2017 - 2057	3,016,835		2.75		2017 - 2056	2,934,635		2.57
Total long-term debt		$	3,274,792	2.71	%		$	3,226,737	2.54	%

__________

⁽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.

⁽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 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 $979 million and $1.8 billion as of September 30, 2017 and December 31, 2016, respectively.