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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Trading securities $ 1,627 $ 1,336 $ 706
Available-for-sale securities 175 230 335
Mortgage loans 116,764 114,605 108,319
Interest Income, Federal Funds Sold and Securities Purchased under Agreements to Resell 843 742 373
Other 163 136 123
Total interest income 119,572 117,049 109,856
Interest expense:      
Short-term debt (501) (468) (250)
Long-term debt (98,109) (95,630) (88,873)
Total interest expense (98,610) (96,098) (89,123)
Net interest income 20,962 20,951 20,733
Benefit for credit losses 4,011 3,309 2,041
Net interest income after benefit for credit losses 24,973 24,260 22,774
Non-interest Income:      
Investment gains, net 1,770 952 1,522
Fair value losses, net (2,214) 1,121 (1,211)
Fee and other income 1,176 979 2,227
Non-interest income 732 3,052 2,538
Administrative expenses:      
Salaries and employee benefits (1,486) (1,451) (1,328)
Professional services (967) (1,032) (933)
Other administrative expenses (570) (576) (476)
Total administrative expenses (3,023) (3,059) (2,737)
Foreclosed property expense (515) (617) (521)
Temporary Payroll Tax Cut Continuation Act of 2011 (“TCCA”) fees (2,432) (2,284) (2,096)
Other expenses, net (2,158) (1,253) (1,511)
Total expenses (8,128) (7,213) (6,865)
Income before federal income taxes 17,577 20,099 18,447
Provision for federal income taxes (3,417) (4,140) (15,984)
Total comprehensive income      
Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes (179) (344) (206)
Other, (net of taxes of $0, $0 and $3, respectively) (12) (4) 0
Total other comprehensive loss (191) (348) (206)
Total comprehensive income attributable to Fannie Mae 13,969 15,611 2,257
Net income attributable to Fannie Mae 14,160 15,959 2,463
Dividends distributed or amounts attributable to senior preferred stock (13,969) (12,613) (8,944)
Net income (loss) attributable to common stockholders $ 191 $ 3,346 $ (6,481)
Earnings (loss) per share: Basic $ 0.03 $ 0.58 $ (1.12)
Earnings (loss) per share: Diluted $ 0.03 $ 0.57 $ (1.12)
Weighted Average Number of Shares Outstanding, Basic 5,762 5,762 5,762
Weighted-average common shares outstanding: Diluted 5,893 5,893 5,762