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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows provided by (used in) operating activities:      
Net income $ 17,408 $ 12,923 $ 22,176
Reconciliation of net income to net cash provided by (used in) operating activities:      
Amortization of cost basis adjustments (2,535) (5,731) (10,763)
Net impact of hedged mortgage assets and debt 210 (423) (268)
Provision (benefit) for credit losses (1,670) 6,277 (5,130)
Valuation (gains) losses (760) 361 (1,996)
Change in expected credit enhancement recoveries 193 (727) 194
Deferred income tax expense (benefit) 1,231 (195) 252
Net gains related to the disposition of acquired property and preforeclosure sales, including credit enhancements (1,182) (1,782) (1,780)
Net change in accrued interest receivable (1,110) (1,826) (618)
Net change in servicer advances 31 (217) (2,131)
Net change in accrued interest payable 1,014 731 (533)
Other, net 130 (352) 825
Net change in trading securities (1,077) 34,787 46,983
Net cash provided by (used in) operating activities 11,883 43,826 47,211
Mortgage loans acquired held for investment:      
Purchases (124,372) (247,016) (649,238)
Proceeds from sales 2,182 7,501 17,130
Proceeds from repayments 336,336 500,324 1,104,270
Advances to lenders (103,364) (178,450) (393,016)
Proceeds from disposition of acquired property and preforeclosure sales 4,622 2,694 3,536
Net change in federal funds sold and securities purchased under agreements to resell (16,135) 6,178 7,457
Other, net (119) (1,103) 711
Net cash provided by (used in) investing activities 99,150 90,128 90,850
Cash flows provided by (used in) financing activities:      
Other, net 0 0 69
Net cash provided by (used in) financing activities (130,168) (154,744) (145,053)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents (19,135) (20,790) (6,992)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 87,841 108,631 115,623
Cash, cash equivalents and restricted cash and cash equivalents at end of period 68,706 87,841 108,631
Cash paid during the period for:      
Interest 118,897 101,469 106,205
Income taxes 2,750 3,511 5,500
Fannie Mae      
Cash flows provided by (used in) financing activities:      
Proceeds from the issuance of debt 415,790 340,708 317,867
Payments to redeem debt (427,161) (403,967) (405,368)
Consolidated Trusts      
Cash flows provided by (used in) financing activities:      
Proceeds from the issuance of debt 228,976 469,955 1,097,497
Payments to redeem debt $ (347,773) $ (561,440) $ (1,155,118)