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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Trading securities $ 1,336 $ 706 $ 516
Available-for-sale securities 230 335 620
Mortgage loans (includes $107,964, $100,593 and $95,266, respectively, related to consolidated trusts) 114,605 108,319 104,642
Interest Income, Federal Funds Sold and Securities Purchased under Agreements to Resell 742 373 141
Other 136 123 102
Total interest income 117,049 109,856 106,021
Interest expense:      
Short-term debt (468) (250) (206)
Long-term debt (includes $89,682, $82,580 and $77,575, respectively, related to consolidated trusts) (95,630) (88,873) (84,520)
Total interest expense (96,098) (89,123) (84,726)
Net interest income 20,951 20,733 21,295
Benefit for credit losses 3,309 2,041 2,155
Net interest income after benefit for credit losses 24,260 22,774 23,450
Non-interest Income:      
Investment gains, net 952 1,522 1,256
Fair value losses, net 1,121 (1,211) (1,081)
Fee and other income 979 2,227 966
Non-interest income 3,052 2,538 1,141
Administrative expenses:      
Salaries and employee benefits (1,451) (1,328) (1,336)
Professional services (1,032) (933) (955)
Other administrative expenses (576) (476) (450)
Total administrative expenses (3,059) (2,737) (2,741)
Foreclosed property expense (617) (521) (644)
Temporary Payroll Cut Continuation Act of 2011 (“TCCA”) fees (2,284) (2,096) (1,845)
Other expenses, net (1,253) (1,511) (1,028)
Total expenses (7,213) (6,865) (6,258)
Income before federal income taxes 20,099 18,447 18,333
Provision for federal income taxes (4,140) (15,984) (6,020)
Total comprehensive income      
Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes (344) (206) (642)
Other, net of tax (4) 0 (6)
Total other comprehensive loss (348) (206) (648)
Total comprehensive income attributable to Fannie Mae 15,611 2,257 11,665
Net income attributable to Fannie Mae 15,959 2,463 12,313
Dividends distributed or available for distribution to senior preferred stockholder (12,613) (8,944) (12,236)
Net income (loss) attributable to common stockholders $ 3,346 $ (6,481) $ 77
Earnings (loss) per share: Basic $ 0.58 $ (1.12) $ 0.01
Earnings (loss) per share: Diluted $ 0.57 $ (1.12) $ 0.01
Weighted Average Number of Shares Outstanding, Basic 5,762 5,762 5,762
Weighted-average common shares outstanding: Diluted 5,893 5,762 5,893