Short-Term and Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Short-Term Debt [Table Text Block]

The following table displays our outstanding short-term debt (debt with an original contractual maturity of one year or less) and weighted-average interest rates of this debt.

	As of
	March 31, 2019				December 31, 2018
	Outstanding		Weighted- Average Interest Rate(1)		Outstanding		Weighted- Average Interest Rate(1)
	(Dollars in millions)
Short-term debt of Fannie Mae	$	23,071	2.33	%	$	24,896	2.29	%

⁽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
	March 31, 2019					December 31, 2018
	Maturities	Outstanding		Weighted- Average Interest Rate(1)		Maturities	Outstanding		Weighted- Average Interest Rate(1)
	(Dollars in millions)
Senior fixed:
Benchmark notes and bonds	2019 - 2030	$	97,710	2.46	%	2019 - 2030	$	103,206	2.36	%
Medium-term notes(2)	2019 - 2026	57,220		1.48		2019 - 2026	61,455		1.48
Other(3)	2019 - 2038	6,675		4.61		2019 - 2038	6,683		4.62
Total senior fixed		161,605		2.20			171,344		2.13
Senior floating:
Medium-term notes(2)	2020 - 2020	5,574		2.47		2019 - 2020	4,174		2.36
Connecticut Avenue Securities(4)	2023 - 2031	25,064		6.13		2023 - 2031	25,641		5.97
Other(5)	2020 - 2037	376		7.85		2020 - 2037	351		10.19
Total senior floating		31,014		5.50			30,166		5.52
Subordinated debentures	2019	5,502		9.67		2019	5,617		9.64
Secured borrowings(6)	2021 - 2022	46		2.06		2021 - 2022	51		1.96
Total long-term debt of Fannie Mae(7)		198,167		2.93			207,178		2.83
Debt of consolidated trusts	2019 - 2058	3,173,772		3.06		2019 - 2058	3,159,846		3.03
Total long-term debt		$	3,371,939	3.06	%		$	3,367,024	3.02	%

⁽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. Represents Connecticut Avenue Securities issued prior to the implementation of our CAS REMIC structure in November 2018. See “Note 2, Consolidations and Transfers of Financial Assets” in our 2018 Form 10-K for more information about our CAS REMIC structure.

⁽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 $213 million and $413 million as of March 31, 2019 and December 31, 2018, respectively.