XML 35 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income:    
Trading securities $ 236 $ 142
Available-for-sale securities 71 101
Mortgage loans (includes $26,298 and $24,954, respectively, related to consolidated trusts) 28,034 27,047
Other 173 94
Total interest income 28,514 27,384
Interest expense:    
Short-term debt (107) (44)
Long-term debt (includes $21,715 and $20,308, respectively, related to consolidated trusts) (23,175) (21,994)
Total interest expense (23,282) (22,038)
Net interest income 5,232 5,346
Benefit for credit losses 217 396
Net interest income after benefit for credit losses 5,449 5,742
Non-interest income (loss):    
Investment gains (losses), net 250 (9)
Fair value gains (losses), net 1,045 (40)
Fee and other income 320 249
Non-interest income 1,615 200
Administrative expenses:    
Salaries and employee benefits (381) (344)
Professional services (243) (229)
Other administrative expenses (126) (111)
Total administrative expenses (750) (684)
Foreclosed property expense (162) (217)
Temporary Payroll Tax Cut Continuation Act of 2011 (“TCCA”) fees (557) (503)
Other expenses, net (203) (382)
Total expenses (1,672) (1,786)
Income before federal income taxes 5,392 4,156
Provision for federal income taxes (1,131) (1,383)
Net income 4,261 2,773
Other comprehensive income (loss):    
Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes (320) 8
Other (3) (2)
Total other comprehensive income (loss) (323) 6
Total comprehensive income 3,938 2,779
Net income 4,261 2,773
Dividends distributed or available for distribution to senior preferred stockholder (938) (2,779)
Net income (loss) attributable to common stockholders $ 3,323 $ (6)
Earnings per share, Basic $ 0.58 $ 0.00
Earnings per share, Diluted $ 0.56 $ 0.00
Weighted-average common shares outstanding, Basic 5,762 5,762
Weighted-average common shares outstanding, Diluted 5,893 5,762