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Short-Term and Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Short-Term Debt [Table Text Block]
The following table displays our outstanding short-term debt (borrowings with an original contractual maturity of one year or less) and weighted-average interest rates of these borrowings.
 
As of December 31,
  
2017
 
2016
 
Outstanding
 
Weighted- Average Interest Rate (1)
 
Outstanding
 
Weighted- Average Interest Rate (1)
 
(Dollars in millions)
Short-term debt of Fannie Mae
$
33,377

 
1.18
%
 
$
34,995

 
0.49
%
Debt of consolidated trusts
379

 
1.11

 
584

 
0.48

Total short-term debt
$
33,756

 
1.18
%
 
$
35,579

 
0.49
%
__________
(1) 
Includes the effects of discounts, premiums and other cost basis adjustments.
Long-Term Debt [Table Text Block]
The following table displays our outstanding long-term debt.
 
As of December 31,
 
2017
 
2016
 
Maturities
 
Outstanding
 
Weighted- Average Interest Rate(1)
 
Maturities
 
Outstanding
 
Weighted- Average Interest Rate(1)
 
(Dollars in millions)
Senior fixed:
 
 
 
 
 
 
 
 
 
 
 
Benchmark notes and bonds
2018 - 2030
 
$
123,541

 
2.11
%
 
2017 - 2030
 
$
153,983

 
2.16
%
Medium-term notes(2)
2018 - 2026
 
75,901

 
1.41

 
2017 - 2026
 
82,230

 
1.40

Other(3)
2018 - 2038
 
7,421

 
4.84

 
2017 - 2038
 
12,800

 
6.74

Total senior fixed 
 
 
206,863

 
1.95

 
 
 
249,013

 
2.14

Senior floating:
 
 
 
 
 
 
 
 
 
 
 
Medium-term notes(2)
2018 - 2020
 
8,425

 
1.36

 
2017 - 2019
 
21,476

 
0.71

Connecticut Avenue Securities(4)
2023 - 2030
 
22,527

 
5.18

 
2023 - 2029
 
16,511

 
4.77

Other(5)
2020 - 2037
 
376

 
6.36

 
2020 - 2037
 
346

 
6.75

Total senior floating 
 
 
31,328

 
4.14

 
 
 
38,333

 
2.48

Subordinated debentures
2019
 
5,106

 
9.93

 
2019
 
4,645

 
9.93

Secured borrowings(6)
2021 - 2022
 
78

 
1.70

 
2021 - 2022
 
111

 
1.44

Total long-term debt of Fannie Mae(7)
 
 
243,375

 
2.40

 
 
 
292,102

 
2.31

Debt of consolidated trusts
2018 - 2057
 
3,052,923

 
2.80

 
2017 - 2056
 
2,934,635

 
2.57

Total long-term debt
 
 
$
3,296,298

 
2.77
%
 
 
 
$
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 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 $752 million and $1.8 billion as of December 31, 2017 and 2016, 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, 2017 by year of maturity for each of the years 2018 through 2022 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)
2018
 
$
53,932

 
 
 
$
100,446

 
2019
 
61,760

 
 
 
45,015

 
2020
 
39,712

 
 
 
25,202

 
2021
 
23,945

 
 
 
14,184

 
2022
 
8,463

 
 
 
7,353

 
Thereafter
 
55,563

 
 
 
51,175

 
Total debt of Fannie Mae(1)
 
243,375

 
 
 
243,375

 
Debt of consolidated trusts(2)
 
3,052,923

 
 
 
3,052,923

 
Total long-term debt
 
$
3,296,298

 
 
 
$
3,296,298

 
__________
(1) 
Includes unamortized discounts and premiums, other cost basis adjustments and fair value adjustments of $752 million.
(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.