XML 48 R15.htm IDEA: XBRL DOCUMENT v3.24.2
Short-Term and Long-Term Debt
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Short-Term and Long-Term Debt Short-Term and Long-Term Debt
Short-Term Debt
The following table displays our outstanding short-term debt (debt with an original contractual maturity of one year or less) and weighted-average interest rates of this debt.
As of
 June 30, 2024December 31, 2023
Outstanding
Weighted- Average Interest Rate(1)
Outstanding
Weighted- Average Interest Rate(1)
(Dollars in millions)
Short-term debt of Fannie Mae
$12,008 5.30 %$17,314 5.13 %
(1)Includes the effects of discounts, premiums and other cost basis adjustments.
Long-Term Debt
Long-term debt represents debt with an original contractual maturity of greater than one year. The following table displays our outstanding long-term debt.
As of
June 30, 2024December 31, 2023
Maturities
Outstanding(1)
Weighted- Average Interest Rate(2)
Maturities
Outstanding(1)
Weighted- Average Interest Rate(2)
(Dollars in millions)
Senior fixed:
Benchmark notes and bonds2024 - 2030$52,653 2.90 %2024 - 2030$54,727 2.79 %
Medium-term notes(3)
2024 - 203441,567 1.95 2024 - 203142,217 1.58 
Other(4)
2024 - 20386,741 4.13 2024 - 20386,787 3.98 
Total senior fixed100,961 2.61 103,731 2.40 
Senior floating:
Medium-term notes(3)
20262,999 5.45 N/A— — 
Connecticut Avenue Securities(5)
2024 - 20312,305 11.36 2024 - 20312,752 11.12 
Other(6)
2037270 8.81 2037268 8.79 
Total senior floating5,574 8.05 3,020 10.92 
Total long-term debt of Fannie Mae(7)
106,535 2.88 106,751 2.63 
Debt of consolidated trusts2024 - 20634,094,421 2.84 2024 - 20624,098,653 2.56 
Total long-term debt$4,200,956 2.84 %$4,205,404 2.57 %
(1)Outstanding debt balance consists of the unpaid principal balance, premiums and discounts, fair value adjustments, hedge-related basis adjustments, and other cost basis adjustments.
(2)Excludes the effects of fair value adjustments and hedge-related basis adjustments.
(3)Includes long-term debt with an original contractual maturity of greater than 1 year and up to 10 years, excluding zero-coupon debt.
(4)Includes other long-term debt with an original contractual maturity of greater than 10 years and foreign exchange bonds.
(5)Consists of CAS debt issued prior to November 2018, a portion of which is reported at fair value.
(6)Consists of structured debt instruments that are reported at fair value.
(7)Includes unamortized discounts and premiums, fair value adjustments, hedge-related cost basis adjustments, and other cost basis adjustments in a net discount position of $4.1 billion and $4.0 billion as of June 30, 2024 and December 31, 2023, respectively.