XML 86 R3.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Trading securities $ 874 $ 1,627 $ 1,336
Available-for-sale securities 98 175 230
Mortgage loans 106,316 117,374 115,029
Interest Income, Federal Funds Sold and Securities Purchased under Agreements to Resell or similar arrangements 146 843 742
Other 135 163 136
Total interest income 107,569 120,182 117,473
Interest expense:      
Short-term debt (182) (501) (468)
Long-term debt (82,521) (98,388) (95,732)
Total interest expense (82,703) (98,889) (96,200)
Net interest income 24,866 21,293 21,273
Benefit (provision) for credit losses (678) 4,011 3,309
Net interest income after benefit (provision) for credit losses 24,188 25,304 24,582
Non-interest Income:      
Investment gains, net 907 1,770 952
Fair value gains (losses), net (2,501) (2,214) 1,121
Fee and other income 462 566 555
Non-interest income (loss) (1,132) 122 2,628
Administrative expenses:      
Salaries and employee benefits (1,554) (1,486) (1,451)
Professional services (921) (967) (1,032)
Other administrative expenses (593) (570) (576)
Total administrative expenses (3,068) (3,023) (3,059)
Foreclosed property expense (177) (515) (617)
Temporary Payroll Tax Cut Continuation Act of 2011 (“TCCA”) fees (2,673) (2,432) (2,284)
Other expenses, net (1,131) (745) (472)
Total expenses (8,177) (7,849) (7,111)
Income before federal income taxes 14,879 17,577 20,099
Provision for federal income taxes (3,074) (3,417) (4,140)
Total comprehensive income      
Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes (23) (179) (344)
Other, net of taxes 8 (12) (4)
Total other comprehensive loss (15) (191) (348)
Total comprehensive income 11,790 13,969 15,611
Net income 11,805 14,160 15,959
Dividends distributed or amounts attributable to senior preferred stock (11,790) (13,969) (12,613)
Net income attributable to common stockholders $ 15 $ 191 $ 3,346
Earnings (loss) per share: Basic $ 0.00 $ 0.03 $ 0.58
Earnings (loss) per share: Diluted $ 0.00 $ 0.03 $ 0.57
Weighted Average Number of Shares Outstanding, Basic 5,867 5,762 5,762
Weighted-average common shares outstanding: Diluted 5,893 5,893 5,893
Credit Enhancement Expense $ (1,361) $ (1,134) $ (679)
Change in expected credit enhancement recoveries $ 233 $ 0 $ 0