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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Cash and cash equivalents $ 12,524 $ 35,817
Restricted cash and cash equivalents (includes $14,028 and $25,836, respectively, related to consolidated trusts) 20,730 32,889
Securities purchased under agreements to resell (includes $13,650 and $0, respectively, related to consolidated trusts) 73,725 30,700
Investments in securities, at fair value 49,896 53,116
Mortgage loans:    
Loans held for sale, at lower of cost or fair value 1,910 2,149
Loans held for investment, at amortized cost: 4,135,587 4,142,212
Allowance for loan losses (8,379) (8,730)
Total loans held for investment, net of allowance 4,127,208 4,133,482
Total mortgage loans 4,129,118 4,135,631
Advances to lenders 2,052 1,389
Deferred tax assets, net 11,525 11,681
Accrued interest receivable, net (includes $10,435 and $10,132 related to consolidated trusts and net of allowance of $25 and $25, respectively) 11,065 10,724
Other assets 13,184 13,490
Total assets 4,323,819 4,325,437
Liabilities:    
Accrued interest payable (includes $10,384 and $10,212, respectively, related to consolidated trusts) 11,121 10,931
Other liabilities (includes $1,694 and $1,713, respectively, related to consolidated trusts) 14,118 14,106
Total liabilities 4,241,813 4,247,755
Commitments and contingencies (Note 14) 0 0
Fannie Mae stockholders’ equity:    
Senior preferred stock (liquidation preference of $199,181 and $195,224, respectively) 120,836 120,836
Preferred stock, 700,000,000 shares are authorized—555,374,922 shares issued and outstanding 19,130 19,130
Common stock, no par value, no maximum authorization—1,308,762,703 shares issued and 1,158,087,567 shares outstanding 687 687
Accumulated deficit (51,283) (55,603)
Accumulated other comprehensive income 36 32
Treasury stock, at cost, 150,675,136 shares (7,400) (7,400)
Total stockholders’ equity 82,006 77,682
Total liabilities and equity 4,323,819 4,325,437
Fannie Mae    
Mortgage loans:    
Loans held for investment, at amortized cost: 46,566 48,199
Liabilities:    
Debt: 118,401 124,065
Consolidated Trusts    
Assets:    
Restricted cash and cash equivalents (includes $14,028 and $25,836, respectively, related to consolidated trusts) 14,028 25,836
Securities purchased under agreements to resell (includes $13,650 and $0, respectively, related to consolidated trusts) 13,650 0
Mortgage loans:    
Loans held for investment, at amortized cost: 4,089,021 4,094,013
Accrued interest receivable, net (includes $10,435 and $10,132 related to consolidated trusts and net of allowance of $25 and $25, respectively) 10,435 10,132
Liabilities:    
Accrued interest payable (includes $10,384 and $10,212, respectively, related to consolidated trusts) 10,384 10,212
Debt: 4,098,173 4,098,653
Other liabilities (includes $1,694 and $1,713, respectively, related to consolidated trusts) $ 1,694 $ 1,713