Regulatory Capital Requirements (Tables)

12 Months Ended

Dec. 31, 2023

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

Regulatory Capital Classification Measures

Capital Metrics under the Enterprise Regulatory Capital Framework as of December 31, 2023(1)
(Dollars in billions)
Adjusted total assets		$4,552
Risk-weighted assets		1,357
		Amounts			Ratios
		Available Capital (Deficit)(2)	Minimum Capital Requirement	Total Capital Requirement (including Buffers)(3)	Available Capital (Deficit) Ratio(4)	Minimum Capital Ratio Requirement	Total Capital Requirement Ratio (including Buffers)
Risk-based capital:
	Total capital (statutory)(5)	$(34)	$109	$109	(2.5)%	8.0%	8.0%
	Common equity tier 1 capital	(74)	61	140	(5.5)	4.5	10.3
	Tier 1 capital	(55)	81	160	(4.1)	6.0	11.8
	Adjusted total capital	(55)	109	188	(4.1)	8.0	13.9
Leverage capital:
	Core capital (statutory)(6)	(43)	114	114	(0.9)	2.5	2.5
	Tier 1 capital	(55)	114	137	(1.2)	2.5	3.0

Capital Metrics under the Enterprise Regulatory Capital Framework as of December 31, 2022(1)
(Dollars in billions)
Adjusted total assets		$4,552
Risk-weighted assets		1,316
		Amounts			Ratios
		Available Capital (Deficit)(2)	Minimum Capital Requirement	Total Capital Requirement (including Buffers)(3)	Available Capital (Deficit) Ratio(4)	Minimum Capital Ratio Requirement	Total Capital Requirement Ratio (including Buffers)
Risk-based capital:
	Total capital (statutory)(5)	$(49)	$105	$105	(3.7)%	8.0%	8.0%
	Common equity tier 1 capital	(93)	59	138	(7.0)	4.5	10.5
	Tier 1 capital	(74)	79	158	(5.6)	6.0	12.0
	Adjusted total capital	(74)	105	184	(5.6)	8.0	14.0
Leverage capital:
	Core capital (statutory)(6)	(61)	114	114	(1.3)	2.5	2.5
	Tier 1 capital	(74)	114	137	(1.6)	2.5	3.0

(1)Ratios are calculated as a percentage of risk-weighted assets for risk-based capital metrics and as a percentage of adjusted total assets

for leverage capital metrics.

(2)Available capital (deficit) for all line items excludes the stated value of the senior preferred stock ($120.8 billion). Available capital (deficit)

for all line items except total capital and core capital also deducts a portion of deferred tax assets. Deferred tax assets arising from

temporary differences between GAAP and tax requirements are deducted from capital to the extent they exceed 10% of common equity.

As of December 31, 2023 and 2022, this resulted in the full deduction of deferred tax assets ($11.7 billion and $12.9 billion, respectively),

from our available capital (deficit). Available capital (deficit) for common equity tier 1 capital also excludes the value of the perpetual,

noncumulative preferred stock ($19.1 billion).

(3)The prescribed capital buffers represent the amount of capital we are required to hold above the minimum risk-based and leverage capital

requirements. The applicable buffer for risk-based common equity tier 1 capital, tier 1 capital, and adjusted total capital is the PCCBA,

which is composed of a stress capital buffer, a stability capital buffer, and a countercyclical capital buffer. The PCCBA must be comprised

entirely of common equity tier 1 capital. The applicable buffer for leverage tier 1 capital is the PLBA. The stress capital buffer and

countercyclical capital buffer are each calculated by multiplying prescribed factors by adjusted total assets as of the last day of the

previous calendar quarter. The stability capital buffer is based on our share of mortgage debt outstanding. The prescribed leverage buffer

for 2023 and 2022 was set at 50% of the 2023 and 2022 stability capital buffer, respectively. Going forward the stability capital buffer and

the prescribed leverage buffer will be updated with an effective date that depends on whether the stability capital buffer increases or

decreases relative to the previously calculated value.

(4)Ratios are negative because we had a deficit in available capital for each tier of capital.

(5)The sum of (a) core capital (see definition in footnote 6 below); and (b) a general allowance for foreclosure losses, which (i) shall include

an allowance for portfolio mortgage losses, an allowance for non-reimbursable foreclosure costs on government claims, and an allowance

for liabilities reflected on the balance sheet for estimated foreclosure losses on mortgage-backed securities; and (ii) shall not include any

reserves made or held against specific assets; and (c) any other amounts from sources of funds available to absorb losses that the

Director of FHFA by regulation determines are appropriate to include in determining total capital.

(6)The sum of (a) the stated value of our outstanding common stock (common stock less treasury stock); (b) the stated value of our

outstanding perpetual, noncumulative preferred stock; (c) our paid-in capital; and (d) our retained earnings (accumulated deficit). Core

capital does not include: (a) accumulated other comprehensive income or (b) senior preferred stock.