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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows provided by (used in) operating activities:      
Net income $ 12,923 $ 22,176 $ 11,805
Reconciliation of net income to net cash provided by (used in) operating activities:      
Amortization of cost basis adjustments (5,731) (10,763) (9,190)
Net impact of hedged mortgage assets and debt (423) (268) 0
Provision (benefit) for credit losses 6,277 (5,130) 678
Valuation (gains) losses 361 (1,996) (2,618)
Current and deferred federal income taxes (200) 300 3,152
Net gains related to the disposition of acquired property and preforeclosure sales, including credit enhancements (1,782) (1,780) (924)
Net change in accrued interest receivable (1,826) (618) (2,749)
Net change in servicer advances (217) (2,131) 932
Other, net (343) 438 (361)
Net change in trading securities 34,787 46,983 (73,659)
Net cash provided by (used in) operating activities 43,826 47,211 (72,934)
Cash flows provided by investing activities:      
Purchases of loans held for investment (247,016) (649,238) (766,699)
Advances to lenders (178,450) (393,016) (339,043)
Proceeds from disposition of acquired property and preforeclosure sales 2,694 3,536 5,991
Net change in federal funds sold and securities purchased under agreements to resell 6,178 7,457 (14,622)
Other, net (1,103) 711 1,169
Net cash provided by investing activities 90,128 90,850 26,685
Cash flows provided by (used in) financing activities:      
Other, net 0 69 (510)
Net cash provided by (used in) financing activities (154,744) (145,053) 100,465
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents (20,790) (6,992) 54,216
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 108,631 115,623 61,407
Cash, cash equivalents and restricted cash and cash equivalents at end of period 87,841 108,631 115,623
Cash paid during the period for:      
Interest 101,469 106,205 113,878
Income taxes 3,511 5,500 3,950
Non-cash activities:      
Mortgage loans acquired by assuming debt or advances to lenders 185,205 398,026 369,733
Net transfers from mortgage loans of Fannie Mae to mortgage loans of consolidated trusts 265,066 663,849 709,451
Transfers from advances to lenders to loans held for investment of consolidated trusts 185,203 384,700 318,426
Net transfers from mortgage loans to acquired property 2,344 3,000 3,940
Fannie Mae      
Cash flows provided by investing activities:      
Proceeds from repayments of loans acquired as held for investment 7,609 11,212 10,672
Proceeds from sales of loans acquired as held for investment 7,501 17,130 8,744
Cash flows provided by (used in) financing activities:      
Proceeds from the issuance of debt 340,708 317,867 580,220
Payments to redeem debt (403,967) (405,368) (472,795)
Consolidated Trusts      
Cash flows provided by investing activities:      
Proceeds from repayments and sales of loans acquired as held for investment 492,715 1,093,058 1,120,473
Cash flows provided by (used in) financing activities:      
Proceeds from the issuance of debt 469,955 1,097,497 1,091,242
Payments to redeem debt $ (561,440) $ (1,155,118) $ (1,097,692)