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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Investments in securities $ 1,828 $ 582 $ 972
Mortgage loans 117,813 98,930 106,316
Other 656 163 281
Total interest income 120,297 99,675 107,569
Interest expense:      
Short-term debt (76) (4) (182)
Long-term debt (90,798) (70,084) (82,521)
Total interest expense (90,874) (70,088) (82,703)
Net interest income 29,423 29,587 24,866
Benefit (provision) for credit losses (6,277) 5,130 (678)
Net interest income after benefit (provision) for credit losses 23,146 34,717 24,188
Non-interest Income:      
Investment gains (losses), net (297) 1,352 907
Fair value gains (losses), net 1,284 155 (2,501)
Fee and other income 312 361 462
Non-interest income (loss) 1,299 1,868 (1,132)
Administrative expenses:      
Salaries and employee benefits (1,671) (1,493) (1,554)
Professional services (850) (817) (921)
Other administrative expenses (808) (755) (593)
Total administrative expenses (3,329) (3,065) (3,068)
TCCA fees (3,369) (3,071) (2,673)
Credit enhancement expense (1,323) (1,051) (1,361)
Change in expected credit enhancement recoveries 727 (194) 233
Other expenses, net (918) (1,255) (1,308)
Total expenses (8,212) (8,636) (8,177)
Income before federal income taxes 16,233 27,949 14,879
Provision for federal income taxes (3,310) (5,773) (3,074)
Net income 12,923 22,176 11,805
Other comprehensive loss (3) (78) (15)
Total comprehensive income 12,920 22,098 11,790
Dividends distributed or amounts attributable to senior preferred stock (12,920) (22,098) (11,790)
Net income attributable to common stockholders, basic 3 78 15
Net income attributable to common stockholders, diluted $ 3 $ 78 $ 15
Earnings (loss) per share - basic (in dollars per share) $ 0.00 $ 0.01 $ 0.00
Earnings (loss) per share - diluted (in dollars per share) $ 0.00 $ 0.01 $ 0.00
Weighted-average common shares outstanding, basic 5,867 5,867 5,867
Weighted-average common shares outstanding, diluted 5,893 5,893 5,893