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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Trading securities $ 706 $ 516 $ 444
Available-for-sale securities 335 620 1,156
Mortgage loans (includes $100,593, $95,266 and $97,971, respectively, related to consolidated trusts) 108,319 104,642 107,699
Other 496 243 143
Total interest income 109,856 106,021 109,442
Interest expense:      
Short-term debt (250) (206) (146)
Long-term debt (includes $82,580, $77,575 and $80,326, respectively, related to consolidated trusts) (88,873) (84,520) (87,887)
Total interest expense (89,123) (84,726) (88,033)
Net interest income 20,733 21,295 21,409
Benefit for credit losses 2,041 2,155 795
Net interest income after benefit for credit losses 22,774 23,450 22,204
Non-interest Income:      
Investment gains, net 1,522 1,256 1,336
Fair value losses, net (1,211) (1,081) (1,767)
Fee and other income 2,227 966 1,348
Non-interest income 2,538 1,141 917
Administrative expenses:      
Salaries and employee benefits (1,328) (1,336) (1,319)
Professional services (933) (955) (984)
Other administrative expenses (476) (450) (747)
Total administrative expenses (2,737) (2,741) (3,050)
Foreclosed property expense (521) (644) (1,629)
Temporary Payroll Cut Continuation Act of 2011 (“TCCA”) fees (2,096) (1,845) (1,621)
Other expenses, net (1,511) (1,028) (613)
Total expenses (6,865) (6,258) (6,913)
Income before federal income taxes 18,447 18,333 16,208
Provision for federal income taxes (15,984) (6,020) (5,253)
Net income 2,463 12,313 10,955
Total comprehensive income      
Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes (206) (642) (763)
Other 0 (6) (437)
Total other comprehensive loss (206) (648) (326)
Total comprehensive income 2,257 11,665 10,629
Less: Comprehensive income attributable to noncontrolling interest 0 0 (1)
Total comprehensive income attributable to Fannie Mae 2,257 11,665 10,628
Less: Net income attributable to noncontrolling interest 0 0 (1)
Net income attributable to Fannie Mae 2,463 12,313 10,954
Dividends distributed or available for distribution to senior preferred stockholder (8,944) (12,236) (11,216)
Net income (loss) attributable to common stockholders $ (6,481) $ 77 $ (262)
Earnings (loss) per share: Basic $ (1.12) $ 0.01 $ (0.05)
Earnings (loss) per share: Diluted $ (1.12) $ 0.01 $ (0.05)
Weighted-average common shares outstanding: Basic 5,762 5,762 5,762
Weighted-average common shares outstanding: Diluted 5,762 5,893 5,762