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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Trading securities $ 316 $ 427
Available-for-sale securities 31 53
Mortgage loans 28,938 29,862
Federal funds sold and securities purchased under agreements to resell or similar arrangements 107 263
Other 34 32
Total interest income 29,426 30,637
Interest expense:    
Short-term debt (102) (125)
Long-term debt (23,977) (25,716)
Total interest expense (24,079) (25,841)
Net interest income 5,347 4,796
Benefit (provision) for credit losses (2,583) 650
Net interest income after benefit (provision) for credit losses 2,764 5,446
Non-interest income (loss):    
Investment gains (losses), net (158) 133
Fair value losses, net (276) (831)
Fee and other income 308 134
Non-interest loss (126) (564)
Administrative expenses:    
Salaries and employee benefits (393) (386)
Professional services (212) (225)
Other administrative expenses (144) (133)
Total administrative expenses (749) (744)
Foreclosed property expense (80) (140)
Temporary Payroll Tax Cut Continuation Act of 2011 (“TCCA”) fees (637) (593)
Credit enhancement expense (331) (171)
Other expenses, net (263) (207)
Total expenses (2,060) (1,855)
Income before federal income taxes 578 3,027
Provision for federal income taxes (117) (627)
Other comprehensive income (loss):    
Changes in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustments and taxes 18 (36)
Other, net of taxes (3) (3)
Total other comprehensive income (loss) 15 (39)
Total comprehensive income 476 2,361
Net income 461 2,400
Dividends distributed or amounts attributable to senior preferred stock (476) (2,361)
Net income (loss) attributable to common stockholders $ (15) $ 39
Earnings per share, Basic $ (0.00) $ 0.01
Earnings per share, Diluted $ (0.00) $ 0.01
Weighted-average common shares outstanding, Basic 5,867 5,762
Weighted-average common shares outstanding, Diluted 5,867 5,893
Accumulated deficit $ (119,454)